re: Let’s talk Gold and why it’s not cratering.

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Buffet was talking more than a little bit of, much more than 30K. Hell my wife has more than that on her neck, wrist & fingers on a given day. When someone is talking about investments of gold they are talking about life changing values and those need security unless you are talking positions, but those are not physical assets and good luck collecting on if shite meets fan

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Is $4M life changing? Because you can store that much in a box that costs 40 bucks a year

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I never sell, just buy it’s an addiction and possibly a good problem?

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Perhaps. In Sept 2012 gold was $1776. In Dec 2018 it was $1082. Gold prices can drop. It all revolves around what you paid and what you sold it for.

Why does selling come at a premium? Is paying 3$ over spot a premium? Buying stocks through a broker usually requires paying the broker.

Buying it not selling it comes with a premium if you are getting physical gold as it’s going to be market price plus handling fees. Whereas selling it will come at a discount rather than market prices because again handlers charge, this is where they rape a person because they deem it basically that you’re selling because you want to unload it. Those ads you see on tv and such are not do the selling to break even

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All of the typical gold movements did not make sense for the last few years. It should be sky rocketing.

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You need to understand the difference between real and paper gold. Real is real, paper is a promise to get gold out of the ground that may or may not be there. Because they are valued equally, paper allows the market to manipulate the price. For every real oz of gold held by a human, there’s 400 oz held by another human. Dumping that paper when gold prices rise allows real gold to stagnate.

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But buying it comes with a premium and selling it comes with a market maker loss( I think 28%) into the market.

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No different than other assets , really. People routinely pay ETF fees and asset transaction fees.

E.g. artwork. It’s a hard asset ….. if I pay auction fees, shipping/handling fees, preservation costs, and insurance, etc ….. all those “expenses” are deductible against the appreciation…. and it may still net more than an alternative asset class, like equities.

If you are patient, You can routinely buy government minted bullion with premiums of less than 3%.

On the other item, Cap gains are cap gains … the asset doesn’t matter.

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Because Russia and China has been buying gold like gang busters the last few years

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A lot of Central banks have been buying gold for the past several years.