Quote:
Originally Posted by RummyBoy
Burying it in the backyard is stupid. The GLD is supposed to be physical metal but because its connected to the markets, I would trust it less than a custodian account like Gold Money:
Buy Gold & Silver Bullion Online With GoldMoney | Est. 2001
You can buy or sell at spot price in any of the four majors. They buy/store the metal for you on your behalf and you can choose where its kept but you also can take delivery at any time. Fees are pretty reasonable but when I took delivery I didn't think it was extremely cheap.
They're in the process of introducing a debit card so you can spend from your gold account. |
That pretty much beats the purpose. You just have a "note" that says you have gold somewhere.
Having physical gold is real thing, having a note in some major economical or doomsday collapse is another...