Gold Dealer questions

Discussion of the Gold portion of the Permanent Portfolio

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ppnewbie
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Gold Dealer questions

Post by ppnewbie » Tue Mar 24, 2020 6:18 pm

I want to start buying gold and having it stored by the dealer itself. I want the most reputable business with the longest history. I am having trouble because they seem to be alot of these dealers. I want something as stable and secure as Perth Mint, which is one of my options. I'm a little wary of it being so far away though. This account could get big over the years because I'm going to start converting dollars into gold (and back if needed).
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technovelist
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Re: Gold Dealer questions

Post by technovelist » Wed Mar 25, 2020 12:25 am

ppnewbie wrote:
Tue Mar 24, 2020 6:18 pm
I want to start buying gold and having it stored by the dealer itself. I want the most reputable business with the longest history. I am having trouble because they seem to be alot of these dealers. I want something as stable and secure as Perth Mint, which is one of my options. I'm a little wary of it being so far away though. This account could get big over the years because I'm going to start converting dollars into gold (and back if needed).
I would not store gold at a dealer. They can get in trouble when there is tremendous volatility.
Like right now.

I'd use a non-dealer storage facility, like the Texas Bullion Depository. They aren't affected by gold price volatility.

(I have no relationship with them other than as a customer.)
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