Gold Certificates

haggle_2

Can you please tell me how and where to buy gold certificates? I'm thinking about having some of my savings in Gold and don't think I should keep gold coins in the house.

Please also tell me what you think about gold certificates for investing/saving?

Thanks.

sabretoothtigger

9. Gold certificates

Historically, gold certificates were issued by the US Treasury from the Civil War until 1933. Denominated in dollars, the certificates were used as part of the gold standard and could be exchanged for an equal value of gold.

Nowadays, gold certificates offer investors a method of holding gold without taking physical delivery. Issued by individual banks, particularly in countries such as Germany and Switzerland, they confirm an individual's ownership while the bank holds the metal on the client's behalf.

The investor avoids storage and personal security problems, and gains liquidity by being able to sell portions of the holding by simply telephoning the custodian.

The Perth Mint also runs a certificate programme that is guaranteed by the government of Western Australia and is distributed in a number of countries (www.perthmint.com.au/investment_certificate.aspx)

http://www.telegraph.co.uk/finance/personalfinance/investing/3530663/Ten-ways-to-invest-in-gold.html