Re: Ideal Overseas Gold Storage Option
Posted: Mon Dec 09, 2013 3:15 am
To me, GTU is a great option for the PP gold allocation. IMHO, one reason to like it is that it is based in Canada.
Whatever approach to the gold allocation that you take, it seems prudent to use more than one method of ownership.
I would suggest that everyone own at least a bit of physical gold. It's hard to describe the feeling of owning actual gold, but it's completely unlike owning stocks or bonds, which are basically chains of promises among market participants.
Sooner or later, all promises are broken. Promises can be broken for a number of reasons, and many of them are not the result of any bad intent or malice. Sometimes things just break and the world suddenly looks like a game of musical chairs with vastly more people than chairs.
Whatever approach to the gold allocation that you take, it seems prudent to use more than one method of ownership.
I would suggest that everyone own at least a bit of physical gold. It's hard to describe the feeling of owning actual gold, but it's completely unlike owning stocks or bonds, which are basically chains of promises among market participants.
Sooner or later, all promises are broken. Promises can be broken for a number of reasons, and many of them are not the result of any bad intent or malice. Sometimes things just break and the world suddenly looks like a game of musical chairs with vastly more people than chairs.