Gyroscopic Investing

Lots of interesting info and links from Bron Suchecki.

http://goldchat.blogspot.com/2015/01/be ... re-of.html

Thanks. This is an important issue that people need to be aware of. I don't want to name names, but there are some really weak legal agreements out there which sound like allocated but given the complete lack of specificity are probably unallocated.

bronsuchecki wrote: Thanks. This is an important issue that people need to be aware of. I don't want to name names, but there are some really weak legal agreements out there which sound like allocated but given the complete lack of specificity are probably unallocated.

I tried searching your blog, but came up with nothing.  How does The Hard Assets Alliance rank on the scale of this kind of thing?  Are they off balance sheet?

There won't be anything on my blog, I don't comment specifically on the pros or cons of other storage programs.

bronsuchecki wrote: There won't be anything on my blog, I don't comment specifically on the pros or cons of other storage programs.

I don't care about the pros and cons, just wondered where you place it along the various forms of segregated and unsegregated account types that you did for GoldMoney, BullionVault, etc..

I don't see any discussion of the default type of storage offered by Global Gold, namely allocated but unsegregated bars/coins. They also have a segregated option but it is .2% more per year, which can add up.

Hard Assets is an unusual case as HAA is just relabelling a service performed by Gold Bullion International. If after the end of your transaction you have a statement directly from the vault operator in your name that they are holding gold for you, and you could come and pick it up or view it directly from the vault, then it is allocated. Otherwise you have HAA and GBI legal entities between you and the gold and so it would be similar to a pooled allocated type service like GoldMoney and BullionVault. I believe it is the latter.