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Author Topic: Physical or Paper Gold? Why?  (Read 2072 times)
noormcs5
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February 13, 2017, 04:30:13 AM
 #41

If you don't touch the gold then you can't count that you already hold or own 100% the gold because something outside can happen. You may think that it is safer to hold the paper gold because it is less risky since you don't hold it physically but if you lose this letter you may lose the gold ??

Paper gold means that you put it , save in bank or any other institutions and you have the paper for it.  It is better unless the holding authority scam or runs away with gold which is highly unlikely to happen.  If you have physical gold, there is chances of theft so its better to keep it under locks of banks.

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February 13, 2017, 05:02:14 AM
 #42

If you're playing the gold market, I would think paper gold would be good enough.  You can get in and out quickly, and you don't have to worry about storing it, as you mentioned.  You're basically laying bets on the gold price, so if that's your plan you don't need to hold it.  Only goldbugs and hard-money enthusiasts insist on having physical metal.  I've heard that so many times, it's ridiculous.

Why does it matter what we think, anyway?  Are you happy with 'paper gold'?  If so, just stick with it and don't listen to anyone here.  Including me.
This is where GoldMoney fits perfectly.  In and out quick.
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February 13, 2017, 08:27:40 AM
 #43

If you don't touch the gold then you can't count that you already hold or own 100% the gold because something outside can happen. You may think that it is safer to hold the paper gold because it is less risky since you don't hold it physically but if you lose this letter you may lose the gold ??

Paper gold means that you put it , save in bank or any other institutions and you have the paper for it.  It is better unless the holding authority scam or runs away with gold which is highly unlikely to happen.  If you have physical gold, there is chances of theft so its better to keep it under locks of banks.

But you are going to pay for that, don't you? What I worry more is that if the people like more to trade gold and are regular trader then it's much better to have this paper gold rather than having the physcial gold to trade because it is much harder to trade comparing with online.

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February 13, 2017, 08:42:58 AM
 #44

Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.

I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.

Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood Smiley

What do you think?

edit: Guys I have read all your comments but still not satisfied. You all say that paper gold is not gold itself, just a promise; so having physical gold is more trusting even there is a possibility of theft.

Maybe I understand something different when saying paper gold.

Gold account at banks such as HSBC, BNP Paribas or ICBC is really less safer than keeping the gold at home?? And even if these accounts are guaranteed by the government up to $30k in each account?


Physical is better if you dont trust your banking system or gold dealer who gives you paper saying you own some gold stashed somewhere. When Greece was in trouble all banks were closed, so even if you had gold in their safe you couldnt easily get it. If you use it for short term trading then paper gold is better, cause its less likely you'll get robed, especially if you live in not so safe neighbourhood. Safest way to keep your physical gold is not talking about it. Only you should know how much you have, and where it is stashed.

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February 13, 2017, 08:47:43 AM
 #45

Paper gold eh. I dont see anything wrong wirh that. But can you feel that you really own a gold? It is different with a physic gold. Try to hand that paper gold that you are saying to one of your sons or grandson if you have one. They wont care.
The look of the gold itself makes it wortg to buy it. You want to keep it and maybr make it your own baby. Just saying man.
I dont want a paper that just says I own part of that gold which is not on my hand.

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February 13, 2017, 01:05:06 PM
 #46

Physical gold any day because I could test to see its authenticity and carats unlike paper gold, I can also feel it in my palms . It is malleable and ductile and also a heavy metal with a lot of uses and properties. Physical gold is not traded in futures market unlike paper gold.



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February 13, 2017, 01:45:28 PM
 #47

Physical gold any day because I could test to see its authenticity and carats unlike paper gold, I can also feel it in my palms . It is malleable and ductile and also a heavy metal with a lot of uses and properties. Physical gold is not traded in futures market unlike paper gold.
I can tell you 100% that physical gold will still trade in future.dont think too much about future.digital world has grown rapidly and its great that we can make payment in fast manner yet physical gems still untouchable.


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February 13, 2017, 01:50:48 PM
 #48

Given the choice, I would prefer paper gold over the physical gold because of some features of paper gold. If I take gold as an investment, then it is always better to buy paper gold because it can be traded in the market very easily without any extra expense. on the other hand, if you want to sell physical gold, you have to go to a gold merchant and he will deduct a good amount of fees to him, which will not just only eat in to your profit but you will end up paying out of your pocket.

Paper gold is free from such charges and can be traded easily. Even you can hold it in a demat account, so you don't actually have to carry a paper and it can be sold by just a click of mouse. That makes paper gold much more attractive than physical gold as an investment.

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February 13, 2017, 02:11:51 PM
 #49

I am not that much interested in Gold per se, but if I ever look to buy Gold as an investment option, then I will at all times go for Gold in physical form. Reason being that I at all times want to own everything in full. In case of paper Gold, it's just a "worthless" reminder of you being able to trade/cash out the stated amount at any time. You have to trust the entity issuing this paper Gold to do what it promised you when you bought yourself into paper Gold. In my case, I only buy what I can own in full, promises are not part of that.

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February 13, 2017, 02:26:37 PM
 #50

Physical gold any day because I could test to see its authenticity and carats unlike paper gold, I can also feel it in my palms . It is malleable and ductile and also a heavy metal with a lot of uses and properties. Physical gold is not traded in futures market unlike paper gold.
I can tell you 100% that physical gold will still trade in future.dont think too much about future.digital world has grown rapidly and its great that we can make payment in fast manner yet physical gems still untouchable.
It depends on a person some wants physical gold because they want an assurance or what they want is what they are seeing and physical gold can actually convert to money because there are  lots of jewelry pawnshop everywhere.
While for others they prefer paper gold because its market is over 100 times that actually exists compare to physical gold.



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February 13, 2017, 02:38:58 PM
 #51

I dont know why people would really bother to put gold or decide to have a paper gold since we all know that golds price would really vary on its weight because the more the heavier the more valuable it be and making it as a paper gold i think it would be complicated for me and would took time to implement because making 1kl gold into a 1 single paper gold isnt good on my own view if im the owner of it.I would like to feel its weight Smiley



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February 13, 2017, 02:40:58 PM
 #52

I haven't really read into the laws surrounding the what seems to be the FDIC of golds in your country Turkey, but if that's true about having government insurance when you buy "paper" gold then buying that would be so much better than buying real solid gold. Don't get me wrong, I've said before on threads that I'd like to be able to hold what I'm investing in but if you can have insurance and a chance of theft being slim to none (unless government goes under) then you go with that option.

I think it is easier to do trading with paper gold, but somehow i prefer physical gold where i can touch and keep in any place i want, i feel more secure with physical gold, modern people now prefer storing their gold in paper gold because it is more efficient

Would be a bit more efficient depending on situation when it comes to paper gold, imagine having to secure millions in gold if that's an investment of yours? Or hundreds of millions and so on, paper gold could easily be more effective when it comes to these simple examples that are probably real.



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February 13, 2017, 02:53:20 PM
 #53

Why is it important to have physical gold?
Well paper gold means you trust the system you trust the broker...
Anyone with some brain can see the system isn't going well

Physical gold isn't for trading. It's an investment for the future.
Wanna trade? Go paper. Wanna keep something of value for a long time? Go physical gold!

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February 13, 2017, 02:55:24 PM
 #54

If you don't touch the gold then you can't count that you already hold or own 100% the gold because something outside can happen. You may think that it is safer to hold the paper gold because it is less risky since you don't hold it physically but if you lose this letter you may lose the gold ??

Paper gold means that you put it , save in bank or any other institutions and you have the paper for it.  It is better unless the holding authority scam or runs away with gold which is highly unlikely to happen.  If you have physical gold, there is chances of theft so its better to keep it under locks of banks.
This is interesting, and it may help to avoid further costs with storage and security, but I think it would be better to have some of that in physical gold and part of that in paper gold, since that way you would not have to rely entirely on a centralized institution to store your assets.

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February 13, 2017, 03:19:30 PM
 #55

Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.

I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.

Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood Smiley

What do you think?

edit: Guys I have read all your comments but still not satisfied. You all say that paper gold is not gold itself, just a promise; so having physical gold is more trusting even there is a possibility of theft.

Maybe I understand something different when saying paper gold.

Gold account at banks such as HSBC, BNP Paribas or ICBC is really less safer than keeping the gold at home?? And even if these accounts are guaranteed by the government up to $30k in each account?

Save gold in bank is safer than keep it at home, even if each account guaranteed only up to $30K, at least we have than nothing such as if the gold disappear from our house. Everyone have their own decisions, you can not impose your opinion to others. Whether to keep it at home or save it in bank, but be ready if something happen to your precious gold.

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February 13, 2017, 03:57:26 PM
 #56

For me physical gold is important only for the purpose of jewelry and not for any other purpose so I will not want it for any other thing like trade and in this way I do not like paper gold and if someone will ask me for that then I will say that no paper gold is not good but physical gold is better. That is the actual reason of the statements.

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February 13, 2017, 04:04:54 PM
 #57

Both are same, you will get profit when the price rise but for safe I will choose physical gold even though it will take more time to get profit due there is any cut cost when you want to sell it.

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February 13, 2017, 05:31:29 PM
 #58

Physical Gold has it's own benefit which paper Gold can not match. Like quick liquidity. If you possess gold at your home then in case of emergency you could readily liquidate gold and it is globally accepted.
* It is true that physical gold needs protection, and you're responsible for that. So you take all measures to protect it (insure it).
* Physical gold could be carried in form of jewelery as well.
* Purchasing Gold from GoldSmith could be pain in countries like India and customer could feel exploited.

Paper Gold solves problem of security. When big companies are offering paper gold they back up it as well.
* Paper gold is much better for investment purpose. easy to purchase and desolve as well.
*  you could access your paper gold via internet(from anywhere).
* You don't have to worry much if you have invested with reputed company.



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February 13, 2017, 05:40:43 PM
 #59

I don’t like to wear gold ornaments but I do like gold prices so but obviously, paper gold is more comfortable for me to trade than psychical gold. I think both of the forms have their own risks and benefits like in paper gold the liquidity is faster than the psychical gold whereas you can wear psychical gold but you can’t do that in paper gold.

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February 13, 2017, 07:27:28 PM
 #60

Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.

I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.

Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood Smiley

What do you think?

edit: Guys I have read all your comments but still not satisfied. You all say that paper gold is not gold itself, just a promise; so having physical gold is more trusting even there is a possibility of theft.

Maybe I understand something different when saying paper gold.

Gold account at banks such as HSBC, BNP Paribas or ICBC is really less safer than keeping the gold at home?? And even if these accounts are guaranteed by the government up to $30k in each account?


The whole "paper gold" thing is what cause the current fiat monster debt scenario of insane inflation, as soon as we went out of the gold pattern then we were fucked in the ass by those damn bureaucrats and their tricks. The banksters got rich and we got nothing.

It's time to take control of the money back with bitcoin. Fiat had its time, its time to now to evolve.

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