who *owns* the gold

If you buy gold bullion through a broker like this, you are the owner,
right? I mean, it's not that someone (the broker or otherwise)
*owes* you the gold, right?

The difference is very imporant, in the case of financial collapse
(I'm not a Mad Maxer myself, but I want to be careful), one doesn't
want anyone owing you gold, one wants to own it oneself.

Thanks,

-D



>What exactly do you have against buying and owning actual gold >bullion?

>All I did was call Fidelity Brokerage (where I have an account) >and
>instructed them to purchase X dollars worth of gold bullion. >This they
>did and they store the bullion for a very slight fee. If I ever >want to
>take possession of the gold, I can do that too.
>Steven D. Litvintchouk
>Email:

Re: who *owns* the gold

Post removed (X-No-Archive: yes)

Re: who *owns* the gold

You own is but if you don't take posession of it and "financial collapse"
occers there is no guaranty that you will ever see it. Suppose the world
economy does go under, what will you do with your gold?




<> wrote in message
news:
> If you buy gold bullion through a broker like this, you are the owner,
> right? I mean, it's not that someone (the broker or otherwise)
> *owes* you the gold, right?
>
> The difference is very imporant, in the case of financial collapse
> (I'm not a Mad Maxer myself, but I want to be careful), one doesn't
> want anyone owing you gold, one wants to own it oneself.
>
> Thanks,
>
> -D
>
>
>
>>What exactly do you have against buying and owning actual gold >bullion?
>
>>All I did was call Fidelity Brokerage (where I have an account) >and
>>instructed them to purchase X dollars worth of gold bullion. >This they
>>did and they store the bullion for a very slight fee. If I ever >want to
>>take possession of the gold, I can do that too.
>>Steven D. Litvintchouk
>>Email:
>

Did I write that? corrected.

"Ed" <> wrote

> You own it but if you don't take possession of it and "financial collapse"
> occurs there is no guaranty that you will ever see it. Suppose the world
> economy does go under, what will you do with your gold?

Re: who *owns* the gold

wrote:

> If you buy gold bullion through a broker like this, you are the owner,
> right? I mean, it's not that someone (the broker or otherwise)
> *owes* you the gold, right?

You own it.
You can ask the broker to store it for you at a secure facility.
But it's still yours.
And you can take possession at any time.


--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.

Re: who *owns* the gold

PeterL wrote:

> In case of financial collapse (I guess you mean world-wide, not just
> yourself), you want to own a good shot gun with lots of ammo.

Yes, like I said, in case of financial collapse in which all paper
currencies have become worthless, brandishing gold bullion in front of
your starving impoverished neighbors could get you assassinated.


--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.