We normally deal with the buying and selling of gold and silver mining producers, as that’s where we have placed the lion’s share of our funds. However we do receive requests about what we own in terms of the physical bullion and where we store it.
The short answer is that we do not own very much of the metals but we keep a small amount of gold and silver in our possession just in case we ever have to move fast. We also appreciate its beauty and it is a pleasure to look at and feel and just to have around the place. However we do have an account where we keep a larger amount of precious metals in the form of coins and bars.
At this point we have to say that we have not researched every outlet that provides this sort of service, in fact we only looked at a few and made a decision. Since then there have been a number of new companies coming into this market offering a myriad of schemes for gold ownership. Maybe some of our readers can tell us which companies they use for this purpose and what form their investment takes. The company we use is the Bullion Vault. The gold is stored in vaults in New York, London and Zurich. When we started using their services they were one of the cheapest in terms of their charges but that may have been superseded by others in the market, it’s not something that we have kept a track on. According to their web site they have 4,6000 users, and manage 7 tonnes of gold. The web site contains a lot of information about them including a Daily Audit, has the usual FAQs and a brief history of the company and its directors. They have some good references from people in our industry such as Bill Bonner of The Daily Reckoning and Joel Bruce the Chief Executive Officer of goldprice.org.
To pay them a visit and learn more about gold ownership just click this link.
Have a good one.
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