allocated gold storage Archives

Cyberattacks and software failures at your bank are two more reasons to keep some of your wealth in gold.

Most of us love the fact that we can get cash from an ATM machine, and don’t have to line up in the bank and get money direct from the teller. And more and more of us now have apps on our phones that allow us to check our balances, transfer funds and even make …

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Warning: Why owning gold will soon be banned.

There is a move by governments to move all financial transactions to the digital world. The first step in that direction is to ban cash. More specifically, to ban high denomination banknotes. To that end, the European Central Bank is talking about phasing out the 500 euro note. And former US Treasury Secretary, Larry Summers, …

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Why you should buy physical gold, not paper gold.

The quick answer to why you should own physical gold is that you can’t trust the banks or your government. Eric Sprout, the billionaire precious metals trader, recently conducted an audit of how much gold the U.S. government has been buying and selling over the last few decades. Here is his conclusion: “We used this …

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How to buy physical gold at the lowest price, and keep it safe and available.

When we think of buying physical gold, we naturally think of holding the gold in our hands and then storing it in a safe place at home, or at our bank. There is something almost irresistible about actually owning and touching the gold you buy. But that need to hold your gold in your hand …

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How to buy gold, and where to store it.

There is no mystery behind buying gold. No secret to how you should buy it. Yes, gold has an air of mystery about it. It is purchased and hoarded by central banks, third-world dictators and the super-wealthy. It is also worn by the rich and famous. It’s easy to imagine that, like fancy cars or …

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Keep some of your gold overseas, by buying gold in allocated or unallocated storage.

If you are beginning to feel a little nervous about the state of the world, economically and politically, you may want to think twice about storing all of your gold in your home country. Most of us like to keep at least some of our gold close to hand. But it also makes sense to …

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Buying gold is a great way to build your net worth.

There are plenty of people who earn huge amounts of money each year, but are just an inch away from financial disaster. How can that be? Because they spend as much as, or more than they earn. They spend their money on big houses with big mortgages, and big cars with big lease payments. They …

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How do you feel about your gold dealer asking for your name, home address and Social Security Number?

The Form 1099 reporting requirements are part of the new U.S. health care legislation. Starting in 2012 precious metals dealers in the U.S. will have to report to the IRS on 1099s all purchases of $600 or more from clients in a single year. Just to be clear, Form 1099 is completed not when you …

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More on the benefits of allocated gold storage.

We have already written about the difference between allocated and unallocated gold storage. But I thought I would share this video with you, as it covers the ground quite well. One point raised in the video is very much worth noting. If you are buying physical gold, and you get to the point where you …

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