Hey Jow Forums, tell me why shouldn't I open gold account in my bank. and pour all my savings into it...

Hey Jow Forums, tell me why shouldn't I open gold account in my bank. and pour all my savings into it? Worst case scenario, my assets will worth the same in future. But if shit hits the fan econimically wise, I'm practically guaranteed to profit. The only thing I worry about, is that that the (((banks)) just tell they don't actually have the gold, when I will try to claim it.

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>buying high
Never change Jow Forums

You need to buy physical gold, store it in a safe deposit box but do not ever, ever believe you will (((claim))) your paper gold.

I don't have a place to store physical gold. If I had my own appartments, I would totally do it.

Consider a safe deposit box. It’s not ideal but it’s a reasonable compromise.

yeah wow the price might drop back to 1400$ who the fuck gives a shit? even if you buy 10 oz which is unlikely for most you would "only" lose 1500$ it's not as volatile as fucking glyptogulency
buy only physical find a place to store it

I was just talking shit. I’d certainly advocate holding some percentage of one’s net worth in physical pms.

I've just looked into it, and it turns out I would have to pay 18% VAT to buy physical gold here in Russia. It's a fucking theft.

Retard alert

My average buyin price is ~$1000/oz. You?

Never store physical gold in a financial institution, safe deposit boxes will be the first to be raided come confiscation time. Contents of safe deposit boxes are also part of the bank's balance sheet so creditors get first dibs should the bank go bust.

The patrician's choice is segregated vault storage in a reputable offshore jurisdiction. Never on US or UK soil (fuck BoE)

Yeah 18% seems kind of high but your government is buying massive quantities of it for a reason.
It's worth a lot more than what ever the dollar or ruble amount is.

Because Silver is the precious metal to buy right now. Ratio is everything.

don't ever have someone else store your shit for you, especially the banks.
do you have woods near you? bury that shit. ask me what to store it in and i'll tell you.

>Silver is the precious metal to buy right now
also this

These three things op
no paper Pm's
never store in a bank
buy a safe and get silver for the ratio and some gold just to have one or two oz

I ordered two ounces yesterday, bought high. Was hoping to get in at 1250 but had promised myself that reaching 1500 was the signal to jump on this train.
Not gonna check gold prices until 2020.

why do people always then to go to gold and silver, try your hands on coins as well, like try @telecoin which will have a better return .

Hahhahahhahahahahaa, gold and silver have literally been money for all of the history of civilization, you have to be mentally deficient to not hold some on.

>Worst case scenario, my assets will worth the same in future
yeah thats what the schizos that bought in 2011 said too and then they dumped 40% and have been in bear market for 9 years since then

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PMpilled AF

SILVER will outperform gold just like in every recession. Gold is overvalued compared to silver right now. Never store that shit in a bank. Also buy some guns and ammo

Worst case scenario, your bank and all institutions disappear overnight and you end up with nothing.

I bought a couple of palladium bars in 2015 and now I stocked up on platinum, gold is overpriced.

Ratio does not apply now. World governments stock gold not silver. Imagine a world government trying to store its wealth in silver... space, shipping, managing, guarding all way more. Image t raveling internationally with 10 k in gold, its literally pocket change. Do the same with silver... You literally need a trolly, about 15 kilos...

Russia is stacking silver along with gold

>Worst case scenario, my assets will worth the same in future
>your assets
you literally gave your gold to the bank you retard

Explain to a brainlet why you would buy physical gold (likely with a premium and (((taxes)))) and store in a safe deposit box when you can buy GLD ETF?

en.wikipedia.org/wiki/Paranoid_schizophrenia

I can sell the gold coins on craigslist and not pay capital gains tax.