Comments on: How to Buy and Own Gold - The Layman’s Guide to Escaping the Dollar http://www.mikeroberto.com/2008/09/29/how-to-buy-and-own-gold-the-laymans-guide-to-escaping-the-dollar/ Berto's rants on technology, sports, and heavy music Tue, 06 Jan 2009 02:03:34 +0000 http://wordpress.org/?v=2.7 hourly 1 By: qwan http://www.mikeroberto.com/2008/09/29/how-to-buy-and-own-gold-the-laymans-guide-to-escaping-the-dollar/comment-page-1/#comment-172429 qwan Tue, 11 Nov 2008 00:00:42 +0000 http://www.mikeroberto.com/?p=122#comment-172429 >If the premium is over 10%, then there are too many shares outstanding for the amount of gold they have, ========== Each share of CEF is always backed by the same amount of gold & silver. They are not allowed to issue shares without acquiring more bullion to back them up. I think you mean that the total market cap is worth more than the spot price of all the gold & silver in their vault (due to the premium). >If the premium is over 10%, then there are too many shares outstanding for the amount of gold they have,
==========
Each share of CEF is always backed by the same amount of gold & silver. They are not allowed to issue shares without acquiring more bullion to back them up. I think you mean that the total market cap is worth more than the spot price of all the gold & silver in their vault (due to the premium).

]]> By: Mark Herpel http://www.mikeroberto.com/2008/09/29/how-to-buy-and-own-gold-the-laymans-guide-to-escaping-the-dollar/comment-page-1/#comment-167889 Mark Herpel Thu, 23 Oct 2008 16:24:06 +0000 http://www.mikeroberto.com/?p=122#comment-167889 Mike great effort. I can only endorse the allocated bullion in storage, such as Bullionvault.com, GoldMoney.com and <a href="http://www.AngloFarEast.com" rel="nofollow">AngloFarEast.com</a> with these you are buying and own the actual gold, not some paper representation which carries counter party risk. You can take actual delivery of it, but most everyone holds the digital version. <a href="http://www.dgcmagazine.com/index.php?q=node/199" rel="nofollow">The Important Difference Between “Allocated” & “Unallocated” Gold</a> Good post, Mark editor@dgcmagazine.com Mike great effort.

I can only endorse the allocated bullion in storage, such as Bullionvault.com, GoldMoney.com and AngloFarEast.com with these you are buying and own the actual gold, not some paper representation which carries counter party risk. You can take actual delivery of it, but most everyone holds the digital version.

The Important
Difference Between “Allocated” & “Unallocated” Gold

Good post,
Mark
editor@dgcmagazine.com

]]> By: Chris http://www.mikeroberto.com/2008/09/29/how-to-buy-and-own-gold-the-laymans-guide-to-escaping-the-dollar/comment-page-1/#comment-166266 Chris Fri, 17 Oct 2008 20:15:54 +0000 http://www.mikeroberto.com/?p=122#comment-166266 Mike, I commend your interest in gold and your efforts to help people choose which form to invest in, but I cannot endorse most of the vehicles you list there. The ETFs are the worst possible way to seek bullion exposure. They all run at least some risk of failing outright. Off-site storage services are only advisable of you live in the same town as the vault. :) In the equities space, CEF is the best, and is the one choice I agree with you on. It's either paper, or it's not... there's no in-between. Mike, I commend your interest in gold and your efforts to help people choose which form to invest in, but I cannot endorse most of the vehicles you list there.

The ETFs are the worst possible way to seek bullion exposure. They all run at least some risk of failing outright. Off-site storage services are only advisable of you live in the same town as the vault. :) In the equities space, CEF is the best, and is the one choice I agree with you on. It’s either paper, or it’s not… there’s no in-between.

]]> By: Bron Suchecki http://www.mikeroberto.com/2008/09/29/how-to-buy-and-own-gold-the-laymans-guide-to-escaping-the-dollar/comment-page-1/#comment-165382 Bron Suchecki Wed, 15 Oct 2008 09:33:58 +0000 http://www.mikeroberto.com/?p=122#comment-165382 Perth Mint Certificates (Australian Mint) - these are issued by Perth Mint, not Royal Australian Mint. Perth Mint is 100% owned by State Government of Western Australia, not Australian Federal Government. Why is that relevant? Because Western Australia is where all the gold is in the ground and the mining industry employs a lot of voters, so you have to consider if State Government is going to do anything that hurts the gold mining industry. Perth Mint Certificates (Australian Mint) - these are issued by Perth Mint, not Royal Australian Mint. Perth Mint is 100% owned by State Government of Western Australia, not Australian Federal Government. Why is that relevant? Because Western Australia is where all the gold is in the ground and the mining industry employs a lot of voters, so you have to consider if State Government is going to do anything that hurts the gold mining industry.

]]> By: Larz http://www.mikeroberto.com/2008/09/29/how-to-buy-and-own-gold-the-laymans-guide-to-escaping-the-dollar/comment-page-1/#comment-162297 Larz Sun, 05 Oct 2008 10:46:26 +0000 http://www.mikeroberto.com/?p=122#comment-162297 Open a multicurrency bank account in a country/jurisdiction not so USD centric and buy gold with one click. http://www.hsbc.com.hk/1/2/hk/investments/mkt-info/gold?pwscmd=cmd_init Open a multicurrency bank account in a country/jurisdiction not so USD centric and buy gold with one click.

http://www.hsbc.com.hk/1/2/hk/investments/mkt-info/gold?pwscmd=cmd_init

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