Monday, January 26, 2009

Where to store physical gold?



Safe Deposit Box


When people lose confidence in financial system, they go to gold. At the time, will bank be open to the public? It may not.
Is safe deposit box insured? It does not.

A Hidden Floor or Wall Safe
Check with your insurance agent first.

Segregated Vault Storage
This is the highest level of security available. Check out Brink's.

Sunday, January 25, 2009

Buyer Beware about buying paper Gold/Silver

Gold and silver "pool accounts" and "certificate programs" should really be called "IOU Gold and Silver Someday" accounts.

Theodore Butler of Butler Research warns:

"These are purely paper promises or bookkeeping-only entries."

When looking at these types of investment vehicles, it's important to examine the bid/ask spread.

To know more, read the following article:
Buyer Beware

http://news.silverseek.com/TedButler/1170190859.php

Saturday, January 24, 2009

Gold ETF = Investment in Gold ?

THE PAPER GAME
by James Turk
Founder, GoldMoney.com
March 5, 2007


The World Gold Council recently announced that the assets of StreetTracks Gold Shares (ticker symbol: GLD), the NYSE-listed exchange-traded fund it sponsors, exceeded $10 billion. That remarkable accomplishment makes its fund one of the fastest growing ETFs in history, which in itself is a significant achievement given the growing popularity of these investment vehicles.

In view of this milestone, I decided to take a fresh look at GLD. I’ve looked at GLD many times in the past, but always came up with the same conclusion.

Despite the way it was originally presented before its launch, GLD is not an alternative to owning physical gold.

To continue
http://www.financialsense.com/editorials/turk/2007/0305.html





Can we trust the silver ETF?

James Turk: Can we trust the silver ETF?

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has studied the SEC filings and prospectus of the silver exchange-traded fund on the American Stock Exchange (SLV) and has discovered that they go out of their way to provide for not actually having allocated silver to back the shares sold in the fund. Turk's research revives the long-simmering question of whether the precious metals ETFs are secure investments or just more mechanisms to be used by the financial powers and the central banks behind them to short the metals.

You can find Turk's new report, "Can We Trust the Silver ETF?," at Dollar Collapse here:

http://dollarcollapse.com/iNP/view.asp?ID=52

And at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/SilverSeek/1176161794.php