Thursday, January 15, 2009

offshore gold

http://www.bullionvault.com/from/johnjensen

this is the place where I have bought gold in Zürich (Switzerland). They also have some interesting articles and analysis. The advantages to an offshore gold holding place like this is that, the last time the US was in severe economic crisis, Uncle Sam seized all the gold (it became illegal to own it), bought it at the going rate, then sold it back to the public at a higher price (thereby deflating the currency). Switzerland is considerably less likely to do that than say the US or UK. While the central banks of both countries are no longer constrained by a currency-gold peg, offshore gold offers secure insured offsite storage. Plus making a market.

Do your own due diligence before investing anywhere.
And I reccommend BullionVault.

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