My advice is to start with a core holding in your physical possession for the worst case scenario where the entire banking system fails. GoldMoney is then a good option for further investment in physical PMs with their low premiums, low storage fees (insurance included) and the ability to liquidate (all or part of) your holding with the click of a mouse at the current spot price. They now accept funds transfers in Australian and New Zealand dollars as well, which is a bonus.
HI, I do have a physical holding in gold and silver now but am a bit reluctant to store any more. I was thinking of putting most of my remaining bank savings into Goldmoney and then selling it off bit by bit as I need the cash. I don't know how the tax department looks on these transfers of money in and out of the country though, would they look upon money coming back into the country as a capital gains?
Im interested in this too. I really do not know. Could you buy gold and silver with goldmoney and if its used like a bank account with a debit card (i know maloney is setting up something similar) can you be taxed on gains?
$40+Take 3..Now what happens if it goes past $40 again..Will you keep on buying on the way from $40 to 50.. I get nervous now when it goes past $40, and I will probably miss the train if it goes from $40 to $50+. I think I better buy now. Regards Errol 43 PS.I just thought to bring this old thread back to life to see what we were posting last time.
