Thread: Gold Buying
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Old 28.07.2009, 23:49
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Re: Gold Buying

My advice is to pop into UBS, put down your cash, and walk out with the real stuff. The spread is quite reasonable, and you can hire a safety deposit box at the bank or a post office. Two former colleagues took this approach, despite my scoffs at the time, and did ok.

If you have sold the house, and want to do this with serious amounts, UBS (and no doubt others) will give you interest on your physical deposits.

With interest rates in some currencies so poor, getting a non-negative return on a physical, and not having to worry about storage costs, has to be better than some dodgy off shore fund.

If you are worried about UBS going bust, you could pick up some cheap put options as a hedge. Vols have dropped off a bit lately.

Last edited by p42; 29.07.2009 at 01:34.
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