To: FromLori
The beauty of owning physical gold is that you KNOW that it exists. The downside is that it can be stolen by low-life thieves. Then again, so can “paper” gold. I guess one upside to owning physical is that if you catch the thief trying to steal it, you can show them your lead collection as well, 230 grains at a time.
11 posted on
12/21/2009 10:50:41 AM PST by
meyer
(Government health care = national strike.)
To: meyer
lol if you don’t have huge amounts of it you can keep it in a safety deposit box too but guarded by Smith & Wesson works if your home.
17 posted on
12/21/2009 10:53:25 AM PST by
FromLori
(FromLori)
To: meyer
I found my gun safe to be a pretty good investment for that reason too. If you are going to buy and hold gold/silver, you need a very heavy fire and thief resistant safe. for the price of one Krugerrand, you can buy a lot of security. You have to be careful though because not all gun safes are created equal and, take it from me, if you think you're going to be moving any time soon, hold off on the safe until you're situated because moving a 900 lb steel box more than once can be a real PIA.
26 posted on
12/21/2009 11:08:45 AM PST by
RC one
To: meyer
here is a little gold math
Today’s price is about $1,158 per troy oz (US double Eagle)
14.5833 Troy oz per pound
so a pound of gold is worth $16,888 and takes up as much space in your gun safe as 15 Kennedy silver dollars.
$100,000 is just under six pounds of gold and takes less space than loaf of wonder bread.
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