IF YOU DON'T HOLD IT, YOU DON'T OWN IT!!!
That being said, having your own personal "Gold Backed" account would be a good thing, meaning you will benefit greatly in the much anticipated GOLD BULL run, if it happens in nearly any future economic scenario short of SHTF, TEOTWAWKI, or WROL. I need to look into this more, but first I need a new iPhone to run my cryptos and GoldMoney Accounts :D
Please pontificate on converting daily operating expenses and bill paying monie$ into GOLD for short term holdings, if you have time? I think the price of GOLD is relatively stable, but I do believe the markets are manipulated lower than they should be. Due to THIS:
I also believe the 2011 run up was normal market activity, until the manipulators regained control. Gold Price was screaming towards the true market values as seen in the graphic above! Silver also hit $50 in the overnight markets (Asia) earlier that year. Gold reached $1921 iirc...
Thanks for reading. :) yep its best to hold gold over long periods of time as savings and wealth preservation vehicle. Gold is not meant to earn you a ROI. For that you must take on risk and that can be done through equities. I would never try and trade physical gold. Thanks for checking out my blog! :)
Goldmoney stock listed on TSX is also an option ;>
YES IT IS!
I am sure you have a smile looking at the XAU stock price like I do?
Absolutely :):):)