The reason most of us stack

[Silverstackeruk]

http://www.yourmoney.com/investing/retiree-digs-gold-buried-garden-help-grandchild-onto-housing-ladder/?utm_source=Adestra&utm_medium=email&utm_term=&utm_content=&utm_campaign=Editorial Newsletter - NON SPONSORED&utm_campaignid=534&utm_cmdid=2103

[Pete]

Two points here -

1. Obviously someone with loads of spare dosh to be able to buy three quarters of a million in gold bullion and bury it in his massive garden.

2. Not sure his stack would have grown by 43% as reported looking at the spot prices during the period he bought his gold.

 

[forgottenmemorie]

If I had the amount of gold, I would not want to be papers promoting that fact..

Stupid? 

[JB3]

1 hour ago, forgottenmemorie said:

If I had the amount of gold, I would not want to be papers promoting that fact..

Stupid? 

Ron's not his real name and no details about where he lives are given.

[danmc82]

3 hours ago, JB3 said:

Ron's not his real name and no details about where he lives are given.

Where does it say its not his real name?

[blab]

11 hours ago, danmc82 said:

Where does it say its not his real name?

Ron, who prefers not to reveal his last name, said he has no plans to sell any more of his gold.

[vand]

Some observations:

- He's done well with his buying to have made 43%+ in such a short space. It shows the power of cost-averaged buying over a prolonged period when you are catching the very bottom of the market.

- Gold is still so reviled that public psychology is still to swap gold for houses. This market matures when people are swapping houses for gold... which will be many years ahead.

[danmc82]

15 hours ago, JB3 said:

Ron's not his real name and no details about where he lives are given.

 

45 minutes ago, blab said:

Ron, who prefers not to reveal his last name, said he has no plans to sell any more of his gold.

So his name IS Ron then? I never said anything about his surname, only his first name.

[Clens92]

This is actually 'fake news'.  Check the amount of times 'The Pure Gold Company' is mentioned, and the buy-back scheme.

This never happened, it is a paid-for advertising article and really should be advertised as such.

 

As of March 2017, the company only had £4000 in physical assets and £180,000 in the bank.  Where did the hundreds of thousands of pounds from this single sale go?  Hmmmm.