Buying Gold & Storing it

avis

I am not feeling paranoid at the moment & may want to trust Gold ETFs, Gold derivatives, Bullion Vault and other "simpler" ways of gaining exposure to gold... however, I am thinking in these uncertain times, nothing beats having gold under the mattress..

But I'd rather keep the Gold in a safe deposit locker somewhere rather than under my mattress.

I cannot find any bank offering a safe deposit locker scheme in London - atleast its not advertised anywhere..

Do anyone know where I can securely store physical gold once I buy it?

Thanks

rail.link

If the financial system collapses, a loaf of bread would be worth more than a gold ingot.

Brian_Bullocks

avis wrote: »

I am not feeling paranoid at the moment & may want to trust Gold ETFs, Gold derivatives, Bullion Vault and other "simpler" ways of gaining exposure to gold... however, I am thinking in these uncertain times, nothing beats having gold under the mattress..

But I'd rather keep the Gold in a safe deposit locker somewhere rather than under my mattress.

What if some villains decide to dig a tunnel into the bank & raid the "safe" deposit boxes?..perhaps i've been watching too many films :rotfl:

Masomnia

Mmm I'd get sick of feeling suspicious every time I saw a mini cooper driving near my bank!

Jake'sGran

avis wrote: »

I am not feeling paranoid at the moment & may want to trust Gold ETFs, Gold derivatives, Bullion Vault and other "simpler" ways of gaining exposure to gold... however, I am thinking in these uncertain times, nothing beats having gold under the mattress..

But I'd rather keep the Gold in a safe deposit locker somewhere rather than under my mattress.

I cannot find any bank offering a safe deposit locker scheme in London - atleast its not advertised anywhere..

Do anyone know where I can securely store physical gold once I buy it?

Thanks

There is a fund, Blackrock Gold & General, which has done extremely well this year. Maybe this would appeal to you. You can research it thoroughly on the money sites. I use Trustnet which tells me all I want to know about any fund. They don't sell anything. One thing I particularly like is that you can click on one section on the right of the page when you are looking at any fund and get a list of the top ten in that field e.g. equity income, european, gold etc.

meester

Jake'sGran wrote: »

There is a fund, Blackrock Gold & General, which has done extremely well this year.

Don't you mean 'underperform horribly' and fall in value by 25%?

wombat42_2

meester wrote: »

Don't you mean 'underperform horribly' and fall in value by 25%?

It has simply been reflecting the performance of gold miners, although Investec Gold has done slightly better over the last year than the Blackrock Fund. Mind you, gold miners have gone ballistic in the last couple of days as has gold - it could well be the start of a trend.

TRUSt_NO_1_2

avis wrote: »

I am not feeling paranoid at the moment & may want to trust Gold ETFs, Gold derivatives, Bullion Vault and other "simpler" ways of gaining exposure to gold... however, I am thinking in these uncertain times, nothing beats having gold under the mattress..

But I'd rather keep the Gold in a safe deposit locker somewhere rather than under my mattress.

I cannot find any bank offering a safe deposit locker scheme in London - atleast its not advertised anywhere..

Do anyone know where I can securely store physical gold once I buy it?

Thanks

...again...on the premise of finding laundered money ?

Brian_Bullocks

TRUSt_NO_1 wrote: »

Are you a police agent looking to raid safety deposit boxes ?...again...on the premise of finding laundered money ?

yep, maybe a "plant" with only 2 posts, and asking about safety deposit boxes

Jake'sGran

wombat42 wrote: »

It has simply been reflecting the performance of gold miners, although Investec Gold has done slightly better over the last year than the Blackrock Fund. Mind you, gold miners have gone ballistic in the last couple of days as has gold - it could well be the start of a trend.

Got to admit I had not looked at performance this week but there was an item on Channel 4 news about gold going up again in the US. I have been tempted for this years ISA.

jon3001

Remember, even Hilter lost money in precious metals:
http://www.youtube.com/watch?v=eVB-SSkkLnY