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You could be watching craigslist for a safe. You can score a used jeweler's safe for free every once in awhile.
The only bad side is paying a rigger to move it. Bullion isn't expensive if you buy it by the gram. If you're sitting on a stack of 1 oz bars and the SHTF and you want to buy a chicken to feed your family, are you gonna part with a $1900.00 1 oz bar or a 1 gram bar?
As far as gold bond funds/shares/whatever you call it, There's a saying on another forum, "If you can't hold it. You don't own it."
Not something you should be concerned about since you can't through GLD.
You do understand though one would liquidate GLD and buy physical right? It should be pretty obvious the poster doesn’t want physical and hence GLD was utilized instead
Quote:
Originally Posted by bluesclues5
Gold breached $1900 a few times. Has SHTF yet?
Are you purposefully missing the point or is that an accident?
Bullion isn't expensive if you buy it by the gram. If you're sitting on a stack of 1 oz bars and the SHTF and you want to buy a chicken to feed your family, are you gonna part with a $1900.00 1 oz bar or a 1 gram bar?
Problem here, again; is the premium.
The less in weight you purchase, the more you pay.
Example being a gram of gold is at $61 spot today, buying that gram will cost $85.
That's roughly 25-30% mark-up, when typically ounces carry 8-10% premium(mark-up).
And in an STHF, precious metals won't be worth anything until later in the game; by then you'll starve to death.
As chickens will be in such short supply, nobody that has them will want your gold grams.
In this line of prepping thought, you're better off buying such things as freeze dried coffee, sugar and booze to barter with.
Not something you should be concerned about since you can't through GLD.
Actually one could take possession with Gld ….but it is likely going to require more shares then typically individuals hold
Can an Investor Take Physical Possession of the Gold Backing His/Her Shares of SPDR® Gold Trust?
The Trustee of the Trust, The Bank of New York Mellon, does not deal directly with the public. The Trustee handles creation and redemption of the orders for the Trust's shares with Authorized Participants, who deal in blocks of 100,000 SPDR® Gold Shares (each a “Creation Unit”). An individual investor wishing to exchange the Trust’s shares for physical gold would have to come to the appropriate arrangements with his or her broker and an Authorized Participant.
I recall last time I visited APMEX website,it is the largest precious metal dealer,it offers a service where you can store your gold in US vault,Europe(Swiss) or Asia (Singapore) vaults,they do not operate these vaults,but they can arrange t o ship yours there.
Of course we are talking large quantity
Krugerrands are a good sized unit to have your gold in. Not too small, and not too large. Just 1 oz. coins. I sold all mine, years ago. If I'd held on to them and sold today, I'd made an add'l $1000 per oz!
Now, as far as silver goes, some say that this element is due to appreciate more strongly than gold. The problem with AG is that you'll need to store a couple tons of the stuff, to make a decent amount. That's a logistical nightmare, I'm sure.
Problem with BOTH gold & silver? It takes too much room to have a solid value in dollars. Gold bricks are $756,000 roughly. (400oz X $1890ea.) That's too big, bulky & heavy, for only $756k. Silver is even worse.
Easiest way to carry A LOT of money in goods? A pocketful of 5-6 carat cut diamonds will surpass that $756k, easily. They're light, travel well, don't show up in metal detection at airports. Just a smuggler's paradise!
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