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Other than needing to safely store your gold somewhere. I'm guessing there's probably also some insurance you could get to protect against loss? With a bank t
by cbanek 7y ago
Other than needing to safely store your gold somewhere. I'm guessing there's probably also some insurance you could get to protect against loss? With a bank these are generally "free" with laws that protect deposits.
- mikeash 7y agoIf you trust others to keep it for you, there are companies that let you buy gold online that they will store for you, and there are even gold ETFs. If you have a brokerage account, buy some shares of GLD and you’re done.
- rightbyte 7y agoIf you don't trust the financial system surely you don't trust gold certificates either. Dig it down ... atleast I would.
- mikeash 7y agoThe original comment mentioned the gold standard, which is just gold certificates used as everyday currency. If you don’t trust that sort of stuff then the gold standard is totally irrelevant anyway.
- deleted 7y ago[deleted]