Wednesday, February 08, 2012

 
 
 

 
 
 
 
 
What you need to know about storing physical gold
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Monday, March 09, 2009
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From DailyWealth:

Personal possession of real gold adds to your security by giving you privacy and portability. It's gold that no one has to know about, and you can carry $50,000 worth of it in one hand. But where do you keep your gold without undermining the advantages?

Let's assume you've bought the gold over the counter, for cash, from a coin dealer, probably in a nearby town, who doesn't know you. So you are starting out with absolute privacy - no credit-card charges, no canceled checks, no shipping records...

...Where do you bury it? Your location should be neither too easy nor too difficult to find. Not too easy, so that the gold won't be found by a thief, but not so difficult that, years later, you or your heirs have trouble locating it. Complicated instructions (including treasure maps) can get muddled with time and create the risk your gold will never be dug up.

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Topics: Gold | Commodities
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