The Really Useful Gold Thread

Thanks for the input re bullion vault. I think gold is not difficult in essence to aquire physically - it just isn't as easy as a financial asset eg. stock, bond etc if that makes sense.

I'm looking to aquire gold for 20 years possibly more and I've been sucessfully talked out of gold bars and am looking more along the lines of 1oz krugerrands. My search has led me through the main UK dealers to our good friend ebay. The coins usually sell for a good 5%+ premium - so in theory there should be a market always availible for the individual sale of coins in the future - as I think the dealers ofer to buy back at about the physical price. where as the ebay seller is selling at roughly a dealers buy price.

the situation with BV is that you do own the gold but never physically - once again you are relying on an electronic system for the authenticity of your purchase. Great as long as everything holds up well - imo I can see some real financial headaches in the longer term possibly the falling of a hedge fund or two and perhaps some banks. I also believe that if something genuinely goes pop there will be little that the fed could do to actually prop up the Dow Jones or any other market - it's pretty obvious to me it's blatantly worked around.