What is the most secure way to invest in gold?

Question

Keeping gold yourself is a risk to theft and you can't always trust a bank? What's the best way?

I'm preparing for a total economic collapse.

Also, which is better to invest in before a depression, gold or silver?

Answer 1

If you don't trust banks, get yourself a floor safe.  Sink it in concrete.    Cover it up with a rug.   Don't tell anyone you are hoarding gold, silver, food, water, guns or ammunition.    Install sturdy locks on your doors and get yourself a dog to discourage burglars.

Both gold and silver are currently excellent investments.  As the government inflates the dollar into oblivion worth toilet paper, they will retain value very nicely.  Unlike stocks, bonds, or alas, the US dollar, gold and silver will never be worthless.

You can track gold and silver prices online, so you should always have some idea what it's worth:

http://www.kitco.com

Currently gold is worth about 53 times an equivalent weight of silver.  Traditionally, the ratio is about 30.  Some people recommend investing in the ration of 30 to 1.  I'd say buy whatever you can afford.

Answer 2

Well,

first of all. Don't be too much scared: there won't be any collaps. History is made by up and down in economics and you have to see the 'down' as a great opportunity, not as the tragedy!

But if you don't want to trust me and my theory of Smile: World is on Sale :D that you can read on my blog, if you keep staying on your catastrophy vision:

-you cannot buy ETF linked to gold because they're traded on that financial system that will eventually break down with all th other financial systems as you foreseen

-you cannot buy stocks in company mining gold because of the same problem of before

-so you have to buy real gold or real coins. (why not diamonds? with less space you have much more money-equivalence)

but diamonds, gold or silver or platinum or palladium have to be stocked somewhere: at your home is dangerous? in a bank? well but if bank will go bankrupt? same p^roblem. You can buy gold and stock in a swiss bullion. You can do it directly on the net or take a plane and go to switzerland. Switzerland hardly collapse because you have world powers having the money ther, no one has interest to make it collapse.

By the way... smile, see the problems as opportunity!

Answer 3

buy some bullion and send it to me.  i'll put it in my safe.

Answer 4

i like gold bullion coins. they are in hand so i feel secure and are beautiful to look at. much better than a piece of paper that says i own gold or text on a screen.

canadian maple leaf gold bullion coins are the purist gold coins in the world yet the same price as the others

http://www.canadiangoldauctions.com/

Answer 5

you will find it pretty much impossible to "keep gold yourself" however you will be able to buy it while it remains in a vault. ask your stockbroker (or if you dont have one set up an internet trading account). buy the necessary bonds from the right market. gold will have more room to fall than silver, but a lot more to bounce back up again as well.

Answer 6

The ETF GLD.  It's very fluid since the gold ownership is electronic.  There is nothing for you to move and anybody in the world can be a potential buyer or seller at any moment in time.  For instance 19.9 million shares traded hands today.  The ETF for silver is SLV.

Answer 7

Gold futures offers an exciting opportunity to invest and make money. Learn futures trading and start making money. Futures trading offers a great opportunity with its margin system which allows you to trade 20 times more the amount you invest and the biggest benefit is you don't have to keep the stock.