QUOTE(geniousboy @ Sep 4 2011, 10:19 AM)
hi guys..
i just started to read bout gold investment these last few days..
from what i understand, investing in bank gold account is not preferable unless the bank is backed up by physical gold.
so it is better to buy physical gold.. am i correct?
i just started to read bout gold investment these last few days..
from what i understand, investing in bank gold account is not preferable unless the bank is backed up by physical gold.
so it is better to buy physical gold.. am i correct?
Yes, read these articles:
FAQs on Gold Investment Accounts (GIA) You Should Know
Have you studied the FAQs as seen on GIA’s promotion leaflets and websites? Here are two very important FAQs and WARNING you should be aware of (normally listed at the bottom of the GIA’s promotools) …Full story, http://bit.ly/r0w0fY
Allocated Gold or Unallocated Gold – That is the Question
“Buy physical gold and have it stored. We do not recommend you buy unallocated gold as, really, you are only buying a piece of paper that says your account is worth the same as the futures gold price. Not actually gold.“ Full story, : http://bit.ly/psEhbn
Better put your money in Genneva Gold Savings Plan: http://bit.ly/qW1Yid
Hope this helps. Cheers!
Added on September 5, 2011, 12:01 pm
QUOTE(lee90 @ Sep 5 2011, 08:58 AM)
Oh yes, I think so too. Read this..
Wikileaks China buying gold memo set to push gold prices higher
We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. Full story, http://bit.ly/pqCKdW
This post has been edited by PatEagle: Sep 5 2011, 12:01 PM
Sep 5 2011, 11:51 AM

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