Gold! Take delivery!

Once again IFO violates her pledge not to give investing advice. However, she thinks this advice is warranted:

ADVICE>>> When you buy gold or silver, take delivery!

Here’s why: Investors file suits against U.S. Gold A well-known company that had done business in Portland Oregon for almost forty years just closed their doors suddenly.

We are quite aware that there are reputable, solvent companies dealing in gold. Just sayin’

Also, keep this in mind if you speculate in *other* commodities as well: wheat, sugar, corn, soybean oil, and so on and on. We do remember that several years ago, a number of investor/speculators were suddenly biting their nails when it looked as if they wouldn’t be able dump their contracts and might have to take delivery.

Also, check out the solvency of your broker(s). If you can’t find their financial info, just call them (as IFO just did) and ask them where you can find it on their website. You’ll be glad you did.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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One Response to Gold! Take delivery!

  1. Michael Morrison says:

    Even if you are breaking your own rule, you are giving very good advice.
    Especially now, with the vicious morons who run the U.S. government getting us into still another war.

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