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That was my thought too, but where do you custody them where you're guaranteed to be able to take possession of them if the custodian goes under?
by SkyMarshal 4y ago
That was my thought too, but where do you custody them where you're guaranteed to be able to take possession of them if the custodian goes under?
- alangibson 4y agoGood question. You can buy direct from the Treasury, so I'd imagine that would be the most foolproof method. I've never done it so I don't know if there are limits to how much you can buy.
- ghaff 4y agoAs a bonus you get to use a website that's ridiculously bad by 1990s standards :-) There are limits to certain instruments but, in general, you should be able to buy what you want.
- SkyMarshal 4y agoTreasury Direct might actually be an option for small or medium startups. The limit is only $10k for savings bonds, but $10million per auction for Treasury Marketable Securities (bills, notes, bonds, TIPS, etc). https://www.treasurydirect.gov/research-center/ https://www.treasurydirect.gov/research-center/ (scroll to Purchase Limits section)
- NotYourLawyer 4y agoThere’s SIPC if you hold them through a broker, but it also has limits.