Apr 12 2011, 12:00 AM
QUOTE(PoliticalMetals @ Apr 5 2011, 01:01 PM)
Hi, Just a little clarification, so that there are no misunderstandings 
I strongly advocate owning physical gold & silver only, NO paper gold. The options I listed in my earlier post have nothing to do with "Storage Programs" or paper gold in the COMEX futures or Options market or any gold certificate program offered by Perth Mint. By the way, Perth Mint just announce that they are terminating their Unallocated Silver Program (Storage Program).
I agree with GoldChan that Comex is for speculative trading only. Unless you're a professional trader, stay away from Comex. You're fighting against professionals and bullion banks engaging in market manipulation activities. See CFTC & Market Manipulation at COMEX
Just for the sake of discussion, I offer a few reasons why I prefer to hold my gold & silver in professional vaults like VIA MAT INTERNATIONAL (used by all 3 companies I listed earlier)
1. The bullion bars that I buy do not leave the LBMA accredited storage facilities, hence I can be sure they are Good dBailment Explained
Cheers!
PM
Just a thought on physical storage. If something like tsunami occurs at the site then all gone. On the other hand if using paper silver/bullion then as long as the bank/co exist you can always make a claim from anywhere in the world. This thought occurred to me seeing the reports of large quantity of cash in locked safes turned by searchers in Japan.I strongly advocate owning physical gold & silver only, NO paper gold. The options I listed in my earlier post have nothing to do with "Storage Programs" or paper gold in the COMEX futures or Options market or any gold certificate program offered by Perth Mint. By the way, Perth Mint just announce that they are terminating their Unallocated Silver Program (Storage Program).
I agree with GoldChan that Comex is for speculative trading only. Unless you're a professional trader, stay away from Comex. You're fighting against professionals and bullion banks engaging in market manipulation activities. See CFTC & Market Manipulation at COMEX
Just for the sake of discussion, I offer a few reasons why I prefer to hold my gold & silver in professional vaults like VIA MAT INTERNATIONAL (used by all 3 companies I listed earlier)
1. The bullion bars that I buy do not leave the LBMA accredited storage facilities, hence I can be sure they are Good dBailment Explained
Cheers!
PM
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