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<p>[QUOTE="thedredge, post: 2574298, member: 37385"]I would implore any and all people not to buy into a pool. If you want to lose your money that is the way to do it.</p><p>Buy actual bullion and hold it yourself. A small safety deposit box is a good write off and a safe place to keep it. If you had a proper holding company for your gold, they would charge about 1% of the value yearly anyway.</p><p> </p><p>Since I mentioned 1% that is also approximately the percentage of all gold trade that is actual bullion out of all daily transactions for gold. So for every 1 million ounces of gold bought and sold, only 10,000 ounces would be actual physical gold.</p><p>It really is sad situation.</p><p>Our Canadian government sold off all our gold. We had around 46 tonnes in 2000 and now we sit at 0. Then the public wonders why our dollar has taken such a beating? It's not rocket science but the politics suck and nobody is ever held accountable. Sorry for the rant, but feels better. lol[/QUOTE]</p><p><br /></p>
[QUOTE="thedredge, post: 2574298, member: 37385"]I would implore any and all people not to buy into a pool. If you want to lose your money that is the way to do it. Buy actual bullion and hold it yourself. A small safety deposit box is a good write off and a safe place to keep it. If you had a proper holding company for your gold, they would charge about 1% of the value yearly anyway. Since I mentioned 1% that is also approximately the percentage of all gold trade that is actual bullion out of all daily transactions for gold. So for every 1 million ounces of gold bought and sold, only 10,000 ounces would be actual physical gold. It really is sad situation. Our Canadian government sold off all our gold. We had around 46 tonnes in 2000 and now we sit at 0. Then the public wonders why our dollar has taken such a beating? It's not rocket science but the politics suck and nobody is ever held accountable. Sorry for the rant, but feels better. lol[/QUOTE]
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