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EXCLUSIVE<br />Physical <br />Risk of Gold<br />and how to reduce it<br />www.goldratefortoday.org<br />
 Buying gold bars and coins exposes the investor to the risk of loss and theft<br />Investment Demand For GOld<br />www.go...
 Costs are involved to limit this risk <br />The transport of gold needs to be insured <br />Gold has to be kept in a pers...
A bank vault is probably the safest place for storing gold <br />However, investors should not believe that the bank will ...
HSBC customers had to face this situation <br />The bank asked end of 2009 its small retail customers to remove their gold...
Another advantage of a bank safety deposit box is that the gold is not immediately available <br />As it can be only acces...
Another issue is the insurance limit <br />In Germany, for example, bank safety deposit boxes are insured only until US$ 2...
How secure are safety deposit boxes? <br />In the first quarter of 2010, thieves removed in a bank in Paris the contents o...
Property insurance usually either has a limited cover for loss of physical gold, or does not cover it at all<br />In both ...
Besides safety boxes and personal safes at home, some people bury their gold on their property (midnight gardening) <br />...
Visit my blog:<br />www.goldratefortoday.org<br />Live Gold Rates, <br />Independent Trading Advise and <br />many Resourc...
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Physical Risk of Gold - and How to Limit it

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The first downside of gold investment is the physical risk. Buying gold bars and coins exposes the investor to the risk of loss and theft. Costs are involved to mitigate this risk. The transport of gold needs to be insured, gold has to be kept in a personal safe at home, or, better, in the bank’s safety deposit box. Here, renting fees incur ...

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Transcript of "Physical Risk of Gold - and How to Limit it"

  1. 1. EXCLUSIVE<br />Physical <br />Risk of Gold<br />and how to reduce it<br />www.goldratefortoday.org<br />
  2. 2. Buying gold bars and coins exposes the investor to the risk of loss and theft<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  3. 3. Costs are involved to limit this risk <br />The transport of gold needs to be insured <br />Gold has to be kept in a personal safe at home or, better <br />In the bank’s safety deposit box <br />Here, renting fees incur <br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  4. 4. A bank vault is probably the safest place for storing gold <br />However, investors should not believe that the bank will store the precious metal for generations<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  5. 5. HSBC customers had to face this situation <br />The bank asked end of 2009 its small retail customers to remove their gold from the banks’ New York vault <br />This resulted in an armada of armored cars, bringing gold out of New York<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  6. 6. Another advantage of a bank safety deposit box is that the gold is not immediately available <br />As it can be only accessed during bank hours<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  7. 7. Another issue is the insurance limit <br />In Germany, for example, bank safety deposit boxes are insured only until US$ 28,000<br />With the current gold price, this corresponds to 20 gold coins (each 1 ounce), or 567 gram<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  8. 8. How secure are safety deposit boxes? <br />In the first quarter of 2010, thieves removed in a bank in Paris the contents of around 100 safety boxes<br />A couple of month later, in French Bank, nearly 200 safety boxes were cracked open and its contents stolen<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  9. 9. Property insurance usually either has a limited cover for loss of physical gold, or does not cover it at all<br />In both places, additional coverage needs to be purchased<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  10. 10. Besides safety boxes and personal safes at home, some people bury their gold on their property (midnight gardening) <br />Will this reduce the risk of physical gold? <br />In some ways yes, as it reduces the likelihood of theft <br />However, those people should make sure to dig out the gold when they move (or die)<br />Investment Demand For GOld<br />www.goldratefortoday.org<br />
  11. 11. Visit my blog:<br />www.goldratefortoday.org<br />Live Gold Rates, <br />Independent Trading Advise and <br />many Resources about Gold Investing<br />Interested in More?<br />www.goldratefortoday.org<br />
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