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<p>[QUOTE="Info Sponge, post: 870729, member: 20538"]First know your goals and your time horizon.</p><p><br /></p><p>If you've already decided that part (please say it's only part) of your portfolio will be bullion, go with electronic form if you want to do short-term trading or minimize costs, physical if you have a secure way to store it and want to hedge against a financial panic worse than the recent one.</p><p><br /></p><p>If you go for electronic form, do not allow anyone to solicit you unless they publish a bar list, audited by someone independent. For example, Bullionvault has their auditor's statement on their accountant's web site, and their bar list comes from their vaulting company. GoldMoney is another commendably transparent vehicle. One of their competitors quit publishing a bar list citing some weird-sounding reasons: shortly thereafter that competitor's servers went down for "maintenance" and never came back up.</p><p><br /></p><p>Add up all costs including commissions, buy/sell spreads, shipping, insurance, storage and so on. Profits come and go, expenses go on forever.[/QUOTE]</p><p><br /></p>
[QUOTE="Info Sponge, post: 870729, member: 20538"]First know your goals and your time horizon. If you've already decided that part (please say it's only part) of your portfolio will be bullion, go with electronic form if you want to do short-term trading or minimize costs, physical if you have a secure way to store it and want to hedge against a financial panic worse than the recent one. If you go for electronic form, do not allow anyone to solicit you unless they publish a bar list, audited by someone independent. For example, Bullionvault has their auditor's statement on their accountant's web site, and their bar list comes from their vaulting company. GoldMoney is another commendably transparent vehicle. One of their competitors quit publishing a bar list citing some weird-sounding reasons: shortly thereafter that competitor's servers went down for "maintenance" and never came back up. Add up all costs including commissions, buy/sell spreads, shipping, insurance, storage and so on. Profits come and go, expenses go on forever.[/QUOTE]
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