This week’s article discusses how to buy and store gold and silver.
It is surprising how few people understand the options for buying precious metals, even the very affluent. The precious metals industry does not do a good job of educating the curious buyer. Not everyone is familiar with the full spectrum of gold-silver purchase options available.
The primary reason for buying precious metals is as a form of insurance, that is, to own a form of money that will still have purchasing power should paper-based currency suddenly become valueless (think Venezuela or Argentina today, or Germany in the 1930s).
When buying gold bullion for your emergency stack, most experts recommend restricting your purchases to 1-ounce sovereign coins. These are coins currently minted each year by select governments around the world; most notably the Eagle (U.S.), Buffalo (U.S.), Maple Leaf (Canada), Krugerrand (So. Africa), Philharmonic (Austria), Panda (China), Kangaroo (Australia), and Sovereign (U.K.).
You can access this week’s entire extended commentary HERE
