Ideal Overseas Gold Storage Option

Discussion of the Gold portion of the Permanent Portfolio

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MediumTex
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Re: Ideal Overseas Gold Storage Option

Post by MediumTex » Mon Dec 09, 2013 3:15 am

To me, GTU is a great option for the PP gold allocation.  IMHO, one reason to like it is that it is based in Canada.

Whatever approach to the gold allocation that you take, it seems prudent to use more than one method of ownership.

I would suggest that everyone own at least a bit of physical gold.  It's hard to describe the feeling of owning actual gold, but it's completely unlike owning stocks or bonds, which are basically chains of promises among market participants.

Sooner or later, all promises are broken.  Promises can be broken for a number of reasons, and many of them are not the result of any bad intent or malice.  Sometimes things just break and the world suddenly looks like a game of musical chairs with vastly more people than chairs.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
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Re: Ideal Overseas Gold Storage Option

Post by Libertarian666 » Mon Dec 09, 2013 10:06 am

bronsuchecki wrote:
LC475 wrote:Gold-backed debit card (would that even be possible)?
Peter Schiff is already doing a gold backed debit card http://europacbank.com/our-products/met ... d-account/
Which is not available to the "lucky" residents of certain jurisdictions...
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