Related info:
– Government Cracks Safe-Deposit Boxes
– James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System
“Never, I repeat, never store your bullion with someone else. Always store it yourself.“
– How to Buy Bullion (What to Ask and What to Own) (ZeroHedge, Oct 21, 2012):
Quite a few articles have been written about the importance of owning Gold and other precious metals as a means of maintaining one’s wealth in the face of rampant money printing by the world’s Central Banks.
Today I’m going to share some ideas on how to actually buy bullion.
As far as precious metals go, you need to:
- Own actual Bullion
- Store it yourself (not in a bank)
I do not recommend owning a paper gold-based ETF because frankly the custodial risk is high (that is, there’s no telling if the Gold is even there or who would get it if the ETF is liquidated).
In comparison, physical bullion, stored outside a bank, is literally money in hand. You know where it is and you can find out what it’s worth. Compare that to a Gold ETF in which you’re hoping that the bank actually has the Gold and that it could actually send it to you if you requested (fat chance).