How Many People Own Gold?

[Serendipity]

I suspect many people own no gold at all on account of its rarity. Some of my favourite YouTube videos are the ones involving someone attempting to sell a 1oz gold bullion coin to unsuspecting members of the public for next to nothing. Most of the people are totally clueless about gold coins in general and their value.

[danmc82]

I know of only one other person who collects Gold/Silver. People havent a clue its worth.

 

[Martlet]

Are we counting jewellery?  In that case majority probably own some gold.  Bullion only a small proportion in UK, probably some more in Europe. 

[Serendipity]

2 hours ago, danmc82 said:

I know of only one other person who collects Gold/Silver. People havent a clue its worth.

 

Unfortunately, I don’t know anybody who owns gold and/or silver. Owning precious metals involves no counterparty risk but stackers/collectors do run the risk of getting robbed or murdered.

[Roy]

9 minutes ago, Serendipity said:

Owning precious metals involves no counterparty risk but stackers/collectors do run the risk of getting robbed or murdered.

More likely to get robbed or murdered for your iphone.

Remember.....shhh 😉

[Serendipity]

5 minutes ago, Martlet said:

Are we counting jewellery?  In that case majority probably own some gold.  Bullion only a small proportion in UK, probably some more in Europe. 

Thanks for pointing that out. I should have clarified that I meant those who own gold bullion which constitutes a small proportion.

[Abyss]

Include jewellery than everyone I know owns Gold. But have take this into context all my Indian friends and Indian family have Gold both UK and abroad. When comes to work colleagues and other social circles than I don’t know anyone owns Gold. Sound money taken out of the equation for majority of the western countries. 

[h103efa]

2 minutes ago, Abyss said:

Include jewellery than everyone I know owns Gold. But have take this into context all my Indian friends and Indian family have Gold both UK and abroad. When comes to work colleagues and other social circles than I don’t know anyone owns Gold. Sound money taken out of the equation for majority of the western countries. 

Agree. Among Asian family and friends, everyone owns gold jewellery and "guineas". But with social and work friends and colleagues not many at all for both. 

[tallyhojim]

13 minutes ago, Roy said:

More likely to get robbed or murdered

What about buggered?

[Serendipity]

3 minutes ago, Abyss said:

Include jewellery than everyone I know owns Gold. But have take this into context all my Indian friends and Indian family have Gold both UK and abroad. When comes to work colleagues and other social circles than I don’t know anyone owns Gold. Sound money taken out of the equation for majority of the western countries. 

No, I meant gold bullion. I hate gold jewellery. You’re right that the position in India with regards to jewellery is very different because they regard high karat gold jewellery as a form of investment.

[Roy]

9 minutes ago, tallyhojim said:

What about buggered?

Only if it had a protective cover 

[Serendipity]

17 minutes ago, MrGeorge said:

I dont know anyone personally who stacks gold. My brother and cousin who are quite well off and i am quite close to both of them. They have quite a sizeable amount of money just sitting in there bank losing value each year and are too scared to do anything with it. There crazy lol 

Only two brothers know of my gold stack. The rest of my family are money-grubbers. I recently had a young relative visit from abroad who came to work in a pharmacy. He ran to me after a few months with some unconvincing story how he wasn’t paid. I doubt he ever worked in a pharmacy at all. It was just an attempt to get money out of me.

[firestacker]

6 hours ago, Serendipity said:

Some of my favourite YouTube videos are the ones involving someone attempting to sell a 1oz gold bullion coin to unsuspecting members of the public for next to nothing. Most of the people are totally clueless about gold coins in general and their value.

They are always a hilarious watch. Got any good ones to share? I only know of videos from Mark Dice

[RoughDog]

5 hours ago, danmc82 said:

I know of only one other person who collects Gold/Silver. People havent a clue its worth.

 

That's 🤣, I thought even the 👽 know what gold is worth.

👽👽👽👽👽👽 ~ Goooold ~ 🌎

[KDave]

People owning physical gold purely for its monetary properties I would think are not common though it's not your every day conversation to find out. I think the many people who invest savings will be aware of gold at some point to some degree, fewer still understand the principles or monetary properties of gold. These people will likely invest via the the paper markets. Even fewer still purchase physical gold for its monetary properties, I think even here most are collectors and would not invest so heavily otherwise. 

The times I've seen physical gold monetarily in television its always a scene involving the super rich (billions) or someone dodgy (john wick)  

[Serendipity]

9 hours ago, firestacker said:

They are always a hilarious watch. Got any good ones to share? I only know of videos from Mark Dice

Looks like you’ve seen the best ones! I don’t think it’s a prank but most people really are clueless about gold bullion coins.

[Serendipity]

6 hours ago, KDave said:

People owning physical gold purely for its monetary properties I would think are not common though it's not your every day conversation to find out. I think the many people who invest savings will be aware of gold at some point to some degree, fewer still understand the principles or monetary properties of gold. These people will likely invest via the the paper markets. Even fewer still purchase physical gold for its monetary properties, I think even here most are collectors and would not invest so heavily otherwise. 

The times I've seen physical gold monetarily in television its always a scene involving the super rich (billions) or someone dodgy (john wick)  

Yes, you are absolutely right and voice my own thoughts on the yellow metal. Either we’re zillionaires or Hatton Garden robbers. The police have openly admitted the public have little sympathy for the victims of gold heists.

[KDave]

20 minutes ago, Serendipity said:

Yes, you are absolutely right and voice my own thoughts on the yellow metal. Either we’re zillionaires or Hatton Garden robbers. The police have openly admitted the public have little sympathy for the victims of gold heists.

Because 'the public' (as an average) through generations of lack of experience and education have little understanding of what money is, and so they see gold only as something that the wealthy would own. When we used sovereigns as £1 coins it was obvious. 'Money' today is a very convoluted and confused subject, made deliberately so I believe, for the benefit of the fiat system which thrives on a critical mass of ignorance and lack of choice for the majority of participants, both in wages and in savings.

Another point is that people still trust fiat, rightly so because it works, they earn in fiat and invest in fiat, the measuring stick is fiat. It is exceptionally good at what it does. The limitations of fiat is that it is debt based, as soon as the world stops growing it is complete carnage, much worse than any deflationary period under a gold standard. This is where the experience will come in, understanding will follow - give it another few years, mid to late 2020's and people who did not experience 2008 will receive some hard lessons on the limitations of fiat and the advantages of money. 

[dicker]

Other than a Nobel prize winner (a big chunk of gold). I know no one who collects coins or owns PM’s outside of jewellery. 

[ChrisF]

I worked with a guy who stacked gold sovs, the sad thing is I found out off someone else there that happened to be joking about going to rob his house because he had little gold nuggets hidden under his mattress.

[Michal]

On 15/10/2019 at 06:54, Serendipity said:

Unfortunately, I don’t know anybody who owns gold and/or silver. Owning precious metals involves no counterparty risk but stackers/collectors do run the risk of getting robbed or murdered.

You are taking that risk having anything in your wallet, modest smartphone and laptop in your home.

[Michal]

On 15/10/2019 at 10:21, RoughDog said:

That's 🤣, I thought even the 👽 know what gold is worth.

👽👽👽👽👽👽 ~ Goooold ~ 🌎

To be honest would you buy gold coin from stranger at the street? If I have no testing tools with me at this moment i would walk off the deal unless it would be like 5% potential value. Can you tell difference between gold and nordic gold just by looking at it ? So people are not so stupid as it seems they stick with what they know, problem lays in system coz it made them unaware what money are to suck them out and economically enslave  them. Going this way it is hilarious that we didn't buy bitcoin in 2009, it was so obvious that it is the future... for some.

Dont want to pick on anybody, just saying.  

[Michal]

14 hours ago, ChrisF said:

I worked with a guy who stacked gold sovs, the sad thing is I found out off someone else there that happened to be joking about going to rob his house because he had little gold nuggets hidden under his mattress.

Sad thing is that this joker will go and chop this stacker head off in time of financial melt down just to feed him self and his family. Don't tell anybody outside of your trusted ones about your stack.   

[tallyhojim]

Gold?

What Gold?

I have no idea what you are talking about!

😉

[RacerCool]

I don't know anyone who presently stacks gold. Although I have a friend who sold his small silver stack a couple years ago. But recently he mentioned that he regrets selling it, and even asked what I thought about stacking both silver and gold. 

As it happened, I had picked up a postal package on my way to meet with him, which was a 1/4 oz gold coin. I opened it and showed him the coin, and then told him my stacking strategy, and what the best buys are.

He's my best friend, and already knew that I stack, and had even taken my stack into his home for me a few years ago when I was going to be out of town for a while. At that time I lived with room-mates (who often had parties and random guests), and I didn't want the stack in the same house like that while I was gone.