Online Storage vs Owning Physical Bullion?

Discussion in 'Gold' started by harrysantos, Sep 4, 2012.

  1. harrysantos

    harrysantos New Member

    Joined:
    Aug 3, 2012
    Messages:
    17
    Likes Received:
    0
    Trophy Points:
    0
    I understand that having your gold stored from an online service provider means it's easier to trade and means it is more liquid.

    How about you guys? would you rather have it stored or have it owned physically in your possession?
     
  2. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    eggs... baskets, spread the risks/problems around
     
  3. Levant

    Levant New Member

    Joined:
    Jul 31, 2012
    Messages:
    58
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Brisbane
    Put everything in one basket, and watch that basket closely...
     
  4. ShadowPeo

    ShadowPeo Member Silver Stacker

    Joined:
    Mar 29, 2012
    Messages:
    251
    Likes Received:
    13
    Trophy Points:
    18
    Location:
    Melbourne, Australia
  5. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

    Joined:
    Apr 3, 2010
    Messages:
    529
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    NZ
    Both.

    I built my physical stack first, then started building a holding at GoldMoney.com (which is also physical, but you only own a share of a 400 oz good delivery bar, unless you have more than 400 oz, in which case you can have a 400 oz bar registered in your name).

    Physical in hand is the ultimate insurance (if you don't hold it, you don't own it), but you have to take care of your own storage/security.

    The GoldMoney website does a good job of explaining the many benefits of that kind of service, but they include geographic and political diversification, low premiums and storage/insurance costs, gold/silver swaps, etc.
     

Share This Page