Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold Investing Poll
>
Reply to Thread
Message:
<p>[QUOTE="doug444, post: 2000457, member: 38849"]You were on the right track until "...or have an investment firm store it for you..."</p><p><br /></p><p>Like Tulving?? You...need...gold...in...your...personal...possession!! Look how many of the banks and brokerages and financial firms have paid multi-million dollar fines for various scams against their customers and colleagues. When the crunch comes, who do you think gets the preferential treatment? Not some prole with 6 ounces, that's for sure. It's the mob boss or the money-laundering guy that mails the CEO of the investment firm a severed human ear and says, "...you'd better cough up ALL our gold NOW -- you've got 48 hours or else...<b>WE</b> are at the <b>top</b> of your list, sucker!"</p><p><br /></p><p>The SDB is unfortunately the "best" option for many of us. I personally think there's about a very small chance of confiscation of PM's in my lifetime, and/or if not confiscated, at least a prolonged period where you can't get at your PM's when you'll need them the most. </p><p><br /></p><p>All this is impossible to predict, I'm telling you what I believe. If I didn't believe it, I wouldn't buy PM's in the first place, I'd use that money for gorgeous collector coins, U.S. and Canadian cents and half-cents and CWT and HT tokens like I aspired to, some 50 years ago.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 2000457, member: 38849"]You were on the right track until "...or have an investment firm store it for you..." Like Tulving?? You...need...gold...in...your...personal...possession!! Look how many of the banks and brokerages and financial firms have paid multi-million dollar fines for various scams against their customers and colleagues. When the crunch comes, who do you think gets the preferential treatment? Not some prole with 6 ounces, that's for sure. It's the mob boss or the money-laundering guy that mails the CEO of the investment firm a severed human ear and says, "...you'd better cough up ALL our gold NOW -- you've got 48 hours or else...[B]WE[/B] are at the [B]top[/B] of your list, sucker!" The SDB is unfortunately the "best" option for many of us. I personally think there's about a very small chance of confiscation of PM's in my lifetime, and/or if not confiscated, at least a prolonged period where you can't get at your PM's when you'll need them the most. All this is impossible to predict, I'm telling you what I believe. If I didn't believe it, I wouldn't buy PM's in the first place, I'd use that money for gorgeous collector coins, U.S. and Canadian cents and half-cents and CWT and HT tokens like I aspired to, some 50 years ago.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold Investing Poll
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...