When you want to invest in Gold and silver it is important you take 3 criteria into account:
- You want to get the highest amount of gold for your money.
- You want to buy physical gold and silver and be the rightful owner of it.
- You want to make sure your gold and silver is safe.
The second and third are very important. The problem with buying paper gold, or gold stocks, is that you are never really sure if the gold really exists. Just like the US did in the 1960's, banks and gold dealers can and will hand out more gold receipts then the amount of gold they own. This means that if the system were to collapse or we would get into any kind of big recession, everybody starts asking their gold back. When this happens there isn't as much gold as there are receipts which means you can lose your investment. Therefore you always have to make sure you are the rightful owner of your gold and have your physical amount stored somewhere.
The problem however with buying physical gold, specially when bought in small quantities, is that it is more costly. It costs money to melt gold into coins or bars which means the smaller the purchase, the more you pay per gram of gold! This can add up to 10-15% higher prices which really makes the investment a lot less interesting.
Therefore I was very happy to find out about Goldrepublic, a very trusted company and one of the oldest and largest gold dealers in the Netherlands. Gold republic is the only dealer that I know which Allows you to buy physical gold for the actual spot price of gold. This is because they allow you to buy percentages of actual gold bars. They store it safely for you in one of their 3 vaults in Zürich, Amsterdam or Frankfurt. You can choose in which Vault you want to save your gold. When you accumulated enough gold to be a 100% owner of a bar, you can claim the bar and make them ship it to your home, or pick it up yourself.
I recently invested in some grams of gold and I chose their save in Zürich. Every rich person around the world stores its money in Switzerland, probably for a reason (coincidentally also that Switzerland never picks sides in any war, you don't shit where you eat as they say). I don't only know the vault location, but also the exact vault number and gold bar number. An external party audits all their vaults every year which Goldrepublic publishes on their website. So at the very least you can be sure that the gold you bought actually exists! Also you are the legal owner of the percentage of gold you bought so when Goldrepublic would go bankrupt, you won't lose your gold.
Goldrepublic is a very trusted party that has been active for a long time in the industry. They allow you to buy/sell gold, silver and platinum at any moment for the spot price. Also you can trade with limits and make saving plans (automatically invest a certain amount per month) with very low transaction cost!
And let me know in the comments what you think of them!
If you are wondering, oke nice but why the hell would I buy gold and silver? Follow me on steemit, I will write a post about it soon!
From: Circularitylabs