3 ms·

Is it these sort of buyers that have a major influence on the price though? (I don't know the answer.) If you buy a large amount of gold on an exchange the phy

• mikhailfranco 3y ago
  Always buy and own gold (in decreasing priority): (1) Physically in your custody in a secure place. Not always possible, e.g. digital nomad. (2) Physical at a bullion dealer in a westernized country with a vaulting service that records your private ownership, so it is owned by you as property, in their custody, with a daily audit with your name on it, not as a financial liability of the vaulting company - i.e. outside the banking system, and not in a safe-deposit vault that restricts liability for precious metals. (3) A financial instrument in a westernized country tied to audited physical holdings, e.g. Sprott Physical Gold, not GLD ETF, which is just manipulated paper fiction. No other option - except perhaps some gold jewelry, which is not really secure, but can easily be worn when crossing borders (usually up to $10k without declaration, and above $10k is often easy, except at times of national panic/emergency/reset, whether real, imagined or fabricated to steal your gold). Also be very careful about T&Cs for funding (2) & (3) through a joint account, even if your gold account is in your name only. If you get divorced, you may find that your ex owns half your gold, independent of any settlement, and ignoring any routing of the money from your pre-marriage wealth into your single-named gold account.