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Goldmoney.com

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Ed_B's Avatar
United States
4008 Posts
 Posted 07/16/2011  02:26 am Show Profile   Bookmark this topic Add Ed_B to your friends list Get a Link to this Message Number of Subscribers
Has anyone here had any experiences with the https://www.goldmoney.com web site? I keep seeing references to it in various articles and interviews but don't know anyone who has actually invested with them. There is some appeal to the idea of owning
gold outside US jurisdiction, although there could be other problems with this if there is a dollar collapse or other very serious upheaval. Any thoughts?
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Silverhawk74's Avatar
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3670 Posts
 Posted 07/16/2011  03:24 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
The thing about paper gold, it is cheaper per oz. correct? I have heard 200 to 400 per oz.....

Now we know to buy an oz. of physical gold tomorrow, one would have to fork out 1600 plus to acquire it. So that tells me actual possession is better. Now there is probably many paper silver and gold traders out there that have made way more money than myself doing what they do, and that is all fine and dandy....

But, I think so many in life forget to actually "enjoy life", and I think actually owning gold and silver adds to the enjoyment, esp those who appreciate rare and beautiful things, like coins art, etc.. So perhaps even that have traded all those gold and silver stocks and cleaned house, forgot to stop and enjoy what they had established....

I am not saying one is better than the other, I am obviously bias towards actually owning, but perhaps this is where diversity plays in, via some of both....
Edited by Silverhawk74
07/16/2011 03:24 am
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GoThunder's Avatar
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830 Posts
 Posted 07/16/2011  09:49 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
I've seen that offered on the Kitco site but I've never invested in it: https://online.kitco.com/bullion/go...ney_USD.html

Seems like a legit way to buy gold to me.
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GoThunder's Avatar
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830 Posts
 Posted 07/16/2011  09:57 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Looks like a good way to hold gold and silver in an IRA: http://www.goldmoney.com/gold-ira-pension.html
Edited by GoThunder
07/16/2011 09:58 am
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GoThunder's Avatar
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830 Posts
 Posted 07/16/2011  10:15 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
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Ed_B's Avatar
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4008 Posts
 Posted 07/16/2011  5:46 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
So that tells me actual possession is better.

Right... but the question is not whether or not physical ownership is better that other ownership methods, it is a question of whether or not gold money is worth investing in. I am looking for diversification of location in this, so having gold in my name in Zürich has a lot of appeal to me . Having my gold beyond the reach of the government gold grabbers also has a LOT of appeal to me but I don't really know if this site will actually provide that service. They SAY that they do but actions speak WAY louder than words.



Been there and seen that but thanks for the pointer. I read the info on their web site, which is a good 1st step, but would like to hear from anyone who actually has invested in this place and found that it worked well or did not work well for them and why. I'll try some more Internet searching to see what those who have invested in this company have to say.

One thing that I really like about GM is that they say will deliver physical gold to their customers on demand. Their only stipulation is that they will not deliver less than a 100 gram bar. That's about 3.2 ozs. today or about $5100 worth. No problem, since I would be investing about $50k from a stock mutual fund that I sold off on 7/5. What I would REALLY like to know is do they in fact deliver physical gold on demand. If so, then this could work for me. If not, then I need to know that beforehand.

Another place is called Bullion Vault. It operates in much the same way except that it will not deliver bullion on demand. This is not useful to me. They will buy the bullion that their clients own but will only send them a check for its value. That would be fine if I wanted cash but I don't. I will be wanting cold hard gold!

If it turns out that neither GM or BV is suitable for my needs, then my only remaining choices are to store at home (risking loss via burglary) or use a SDB at my local credit union. My CU has earned my trust over the past 35 years. Banks? Not so much. I would not store anything of real value at a bank. Their history shows pretty clearly that they cannot be trusted.
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