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BS: Invest in Canadian gold

Q (Frank Staplin) 31 Oct 11 - 05:42 PM
Wesley S 31 Oct 11 - 05:49 PM
gnu 31 Oct 11 - 05:56 PM
gnu 31 Oct 11 - 05:57 PM
BTNG 31 Oct 11 - 06:26 PM
Lizzie Cornish 1 31 Oct 11 - 07:22 PM
artbrooks 31 Oct 11 - 08:45 PM
bobad 31 Oct 11 - 09:17 PM
ollaimh 01 Nov 11 - 12:05 AM
Q (Frank Staplin) 01 Nov 11 - 03:28 PM
gnu 01 Nov 11 - 03:59 PM
Ed T 01 Nov 11 - 04:07 PM
gnu 01 Nov 11 - 04:16 PM
bobad 01 Nov 11 - 05:11 PM
Q (Frank Staplin) 01 Nov 11 - 05:28 PM
gnu 01 Nov 11 - 07:21 PM
Ebbie 01 Nov 11 - 11:11 PM
Max Johnson 02 Nov 11 - 06:43 AM
Arnie 02 Nov 11 - 10:23 AM
Q (Frank Staplin) 02 Nov 11 - 02:44 PM
Mrrzy 02 Nov 11 - 03:09 PM

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Subject: BS: Invest in Canadian gold
From: Q (Frank Staplin)
Date: 31 Oct 11 - 05:42 PM

The Royal Canadian Mint is offering a gold investment product- ETR's (Exchange Traded Receipts) to be traded on the Toronto Stock Exchange. The offer is being made in Canada only, although the receipts will be priced in both Canadian and U.S. dollars.
Unlike other gold investments, the purchasers will actually physically own gold, redeemable in 99.99 percent pure gold coins or bars. The gold is physically held by the Mint.

The initial offering of ETR's is at $20 CAD each; the initial offer is $250 million CAD.
The date of the offering has not yet been set.
Purchase is through a syndicate of investment dealers, including several Canadian banks. Please contact them if interested; those first on the lists will of cource receive preference.

The craze for gold worldwide may go on for a while longer, but the current high prices may not hold.


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Subject: RE: BS: Invest in Canadian gold
From: Wesley S
Date: 31 Oct 11 - 05:49 PM

If they really want to sell those coins they'll have to put some ads on Glenn Becks or Rush Limbaughs radio show.


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Subject: RE: BS: Invest in Canadian gold
From: gnu
Date: 31 Oct 11 - 05:56 PM

I just bought a five year laddered GIC at BNS on Friday. 2.3%. 2.3 fucking percent! Wish I had bought gold some years ago at $36 an oz! But times were good and interest rates were high.


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Subject: RE: BS: Invest in Canadian gold
From: gnu
Date: 31 Oct 11 - 05:57 PM

Wesley.... hehehehe... good one!


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Subject: RE: BS: Invest in Canadian gold
From: BTNG
Date: 31 Oct 11 - 06:26 PM

they run them on CNN and TSN as well


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Subject: RE: BS: Invest in Canadian gold
From: Lizzie Cornish 1
Date: 31 Oct 11 - 07:22 PM

Gold will be as worthless as money soon...

If it's treasure you're after, look to Mother Nature....and each other.


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Subject: RE: BS: Invest in Canadian gold
From: artbrooks
Date: 31 Oct 11 - 08:45 PM

Sounds like a strain of marryjajuana to me...


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Subject: RE: BS: Invest in Canadian gold
From: bobad
Date: 31 Oct 11 - 09:17 PM

Buy land. They ain't making any more of the stuff.

Will Rogers


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Subject: RE: BS: Invest in Canadian gold
From: ollaimh
Date: 01 Nov 11 - 12:05 AM

a good garden plot will serve you better than gold.

when we bought our new house we wondered why the sink in the kitchen has a second cold water tap that doesn't work. we traced it and we have a well in the basement. it was there before the street had city water. i plan to get it working again as a backup, and we plant a bugger garden everyyear--even if some of neighbours don't like it much.

but i am hoping that we decline is slow, and i die before we hit bottom


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Subject: RE: BS: Invest in Canadian gold
From: Q (Frank Staplin)
Date: 01 Nov 11 - 03:28 PM

Most metals used in industry have done as well as gold (copper, silver, etc.) on a percentage basis.

Here in Calgary, and western Canada for that matter, real estate continues to do well. A small downturn in 2008-2009, but upward trend continues and building and housing construction is strong.

Gnu, I cuss too about low GIC and other bank interest, which will continue to be low for some time. But at least we have a little reserve in our pockets.

My house was a good investment, as noted above. Purchased for $30,000 in 1960, offers now at around $750,000. Luckily, Canadian banks were restrained by the government, and loans were not handed out to those with iffy prospects. Most of the pain suffered in the U.S. was avoided.


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Subject: RE: BS: Invest in Canadian gold
From: gnu
Date: 01 Nov 11 - 03:59 PM

Q... $750k? SELL! and rent. Unless you REALLY like the neighbours.


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Subject: RE: BS: Invest in Canadian gold
From: Ed T
Date: 01 Nov 11 - 04:07 PM

At 7.2 % interest, (not a common rate recently, but not uncommon since 1960 in investments), an investment should double in ten years. So, a 30K investment in 1960 (compunced) at that long term rate would give a person almost a million in 2010. As to primary residences, one would also have to figure in improvements/maintainance, mortages, no income tax and residing there in to the mix. The lucky folks are likely those in Vancouver, and sections of Toronto, who saw extreme increases in roperty values over a short number of years.


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Subject: RE: BS: Invest in Canadian gold
From: gnu
Date: 01 Nov 11 - 04:16 PM

But, don't forget the 19.5% mortgage rates after the 1983 "oil crisis".


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Subject: RE: BS: Invest in Canadian gold
From: bobad
Date: 01 Nov 11 - 05:11 PM

"But, don't forget the 19.5% mortgage rates after the 1983 "oil crisis"."

That created a buyer's market. We bought our first house in 1982, when the mortgage rates were similar, for 65K and turned it over four years later for 131K allowing us to purchase our second house mortgage free.


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Subject: RE: BS: Invest in Canadian gold
From: Q (Frank Staplin)
Date: 01 Nov 11 - 05:28 PM

Yep, the high mortgage rates were rough, but interest paid on accounts was also pretty good- dunno if we will see that again for some years.


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Subject: RE: BS: Invest in Canadian gold
From: gnu
Date: 01 Nov 11 - 07:21 PM

Yup.... my parents made a shitload back then with RRSPs. Today, and shortly thereafter RRSPs are/were a waste. I never bought in because I knew I would take a tax bath in my retirement. Glad I held off.

Well, I did buy some. I was gonna start a business so I bought in and then took out $4999 at a time... no tax up front. But, I never bought any for retirement. Just for cash flow.


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Subject: RE: BS: Invest in Canadian gold
From: Ebbie
Date: 01 Nov 11 - 11:11 PM

I listened to an expert on television some time ago who noted that the uses to which gold is put has declined. Therefore, he said, it should be obvious to everyone that the current price of gold is being pressed and maintained solely by speculators- and that the bubble MUST burst.


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Subject: RE: BS: Invest in Canadian gold
From: Max Johnson
Date: 02 Nov 11 - 06:43 AM

Buy it when nobody wants it. Sell it when everybody wants it.


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Subject: RE: BS: Invest in Canadian gold
From: Arnie
Date: 02 Nov 11 - 10:23 AM

Buy Euros - you know it makes sense!! We did.....

P Sarkozy
A Merkel


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Subject: RE: BS: Invest in Canadian gold
From: Q (Frank Staplin)
Date: 02 Nov 11 - 02:44 PM

Platinum ain't bad either. The Canadian $300 pure platinum coin featuring the cougar can be had for $2799.99 or so from dealers (sold out at the Canadian Mint).


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Subject: RE: BS: Invest in Canadian gold
From: Mrrzy
Date: 02 Nov 11 - 03:09 PM

And they should have more of it now that they are out of funding Unesco...


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