Gold: Past, Present, and Future
in Other Investment Types ·
Everyone approaches math a little differently... personally, I’d never bother driving all the way to the USA (or even just over to a neighboring state) to pick up gold because, in my view, the math just doesn't add up. For instance, looking at SMH, the current spread for Philharmonic is 1280/1312 USD.
Over at Moro in Washington, D.C., it’s sitting at 1277/1317... so we're talking an $8 difference, which isn't even $20... and even if I were buying 10 units regularly—which rarely happens around here—that's still $200... plus, that's the actual cost just for the round trip to the USA (I have no interest in wandering through the countryside or trying to dodge highway tolls). And don't even get me started on the sheer headache of the drive itself.
Over at Moro in Washington, D.C., it’s sitting at 1277/1317... so we're talking an $8 difference, which isn't even $20... and even if I were buying 10 units regularly—which rarely happens around here—that's still $200... plus, that's the actual cost just for the round trip to the USA (I have no interest in wandering through the countryside or trying to dodge highway tolls). And don't even get me started on the sheer headache of the drive itself.