Search found 5 matches

by dopplerdave
Mon Feb 22, 2021 6:06 pm
Forum: Gold
Topic: Gold Defensive Strategy
Replies: 24
Views: 485

Re: Gold Defensive Strategy

The purpose of my physical gold VP is not to make any money; it is to avoid losing a lot if stocks, bonds and the USD tanks. I do think we are in for a serious reckoning in the next year or so. Silver, Bitcoin and Gamestop are something for 20 year olds to speculate on. I am retired and cannot affor...
by dopplerdave
Sun Feb 21, 2021 9:24 am
Forum: Gold
Topic: Gold Defensive Strategy
Replies: 24
Views: 485

Gold Defensive Strategy

I am very pessimistic about the direction I see the economy taking and how it will affect three of the four elements of the permanent portfolio. Higher taxes, continuing Wuhan virus restrictions and more regulation will harm the stock market, huge deficit spending will impact long term bonds, and ec...
by dopplerdave
Mon Sep 14, 2020 9:27 am
Forum: Gold
Topic: Safety Deposit Box Insurance
Replies: 28
Views: 2115

Re: Safety Deposit Box Insurance

Their rate schedule is posted at https://swpcayman.com/storage/segregated. For gold it is 0.7% for <250K and 0.5% for more. $200 min per year.
Has anyone else used them?
by dopplerdave
Sun Sep 13, 2020 8:20 am
Forum: Gold
Topic: Safety Deposit Box Insurance
Replies: 28
Views: 2115

Re: Safety Deposit Box Insurance

I do not trust safety deposit boxes. Banks occasionally close or remodel their branches and sometimes consolidate their boxes. There are horror stories elsewhere on this site about what has happened. Some years ago, I put my gold in a Wells Fargo branch and arranged for the annual fee to be paid fro...
by dopplerdave
Sun Oct 27, 2019 1:19 pm
Forum: Gold
Topic: SWP: Another option for geographic diversification
Replies: 6
Views: 8353

Re: SWP: Another option for geographic diversification

Does anyone have first hand experience with SWP? Web site looks good and I like that they accept (and will arrange for insured pickup and shipment) of existing gold coins. You can also visit your coins in person to see that they really do hold them in segregated secure storage. Since they are not a ...