|
PureBytes Links
Trading Reference Links
|
May I suggest he converts his cash to food storage?
You can't eat gold... but you can always eat (and barter) with food!
FWIW,
Brian
At 02:07 AM 10/2/2001, you wrote:
>My brother who is not a Trader wishes to ask you the following question:
>
>I am concidering converting cash to gold coinage/bullion. My primary purpose
>is to have gold ON HAND as a means of exchange, in a worst world case
>senario (eg. superannuation fund insolvency or my bank closing it's door as
>per in the'30's etc).
>
>The www.perthmint.com.au offers: purchase of gold/storage/purchase of
>redeemable certificates. The mint is owned by the Western Australian
>government. It appears that purchase is faily stratight forward but
>liquifying/redeeeming may be different. For the Mint to buy my gold back
>will cost an immediate twenty to thirty percent. Obviosly this appears to be
>'a negative' in holding gold?
>
>Would anybody out there be able to advise me on pitfalls that could be
>encountered in either the purchase of, or the selling of gold, either in
>physical form/redeemable certificates or similar and what are the feeling's
>out there in the use/holding of gold (or other precious metal's) in this
>situation
>
>Regards to all-Brian
------------------------ Yahoo! Groups Sponsor ---------------------~-->
FREE COLLEGE MONEY
CLICK HERE to search
600,000 scholarships!
http://us.click.yahoo.com/Pv4pGD/4m7CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|