Tag: risks of buying gold

Buy Silver & Gold – Domestic vs Offshore Storage

| March 19, 2013 | Articles: General

There are many dealers who will sell over the internet and ship to your home or to a secure storage vault. Their prices will vary slightly and so will their terms for payment and delivery. See the partial list and brief comments at the end of this article to get started.

Continue Reading

Beware This New Paper Gold Scam

| December 6, 2012 | Articles: General

The regulator in the commodites markets (the CFTC) published a press release on December 5th, pointing to several companies that are involved with paper gold scams. The firms are accused to pretend to sell physical metals, but in reality the transactions do not involved real bullion. That’s a case of pure paper gold scam. This is how the CFTC described the practice in their press release: The complaint further alleges that these statements were false, and that the defendants do not purchase any physical metals, arrange loans for their customers to purchase physical metals, or arrange for storage of physical metals for any customers participating in their retail commodity transactions. […]

Continue Reading

Buying Physical Gold & Silver Was Never That Simple But Mind The Risks

| November 24, 2012 | Articles: General

The paper market is some 100 times larger than the physical one. It’s easy to “fall into the paper trap” by investing in of the “gold proxies”. Those are mostly ETF’s that track the price of gold or silver. Our vision here at GoldSilverWorlds is that everyone should have a core gold or silver holding in physical form. We consider it so fundamental, that we think it’s worth repeating once again what we consider the “safe plays”. (1) Purchase of coins or small bars in physical form – the “traditional” method. You need to make sure that the metal is pure. Storage can be a risk, both at home or in the bank […]

Continue Reading

Unallocated Gold Storage Or Accounts: Avoid This Risk When Buying Gold

| November 1, 2012 | Articles: Insights
Unallocated Gold Storage Or Accounts: Avoid This Risk When Buying Gold

This is the third of a five part series that is based on a Q&A with Nick Barisheff, CEO of Bullion Management Group Inc. and author of the book “$10,000 Gold: Why Gold’s Inevitable Rise is the Investor’s Safe Haven.” His book will be released later this year but is available now for pre-order on Amazon.com. In our first article, we discussed the single most important reason for gold’s primary upward trend pointing to $10,000. The second part provided insights in the unwillingness of people and the media to see the real benefits of owning physical gold. In this third article, we look at the risks to avoid when buying precious metals. […]

Continue Reading

Can You Spend Your Paper Gold?

By the Hard Assets Alliance Team Well, duh, of course not. That might be your response to the question, and you would be quite right. Yet millions of investors are behaving as if a piece of paper – or, more accurately, the electronic representation of same – is the equivalent of a bullion bar. Such is the enormous popularity of the SPDR Gold Trust shares (GLD) traded on the NYSE Arca exchange. It’s a little bit like this: Suppose you’re selling your car. A guy comes by and offers you ten ounces of gold for it. That’s a good price. Sure, you say. But when the day comes to complete […]

Continue Reading