Physical versus paper Gold and Silver

Robit99

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I am concerned at the direction of the world in every facet and as a hedge considering an allocation to gold and silver. Paper would be easy but I dont know which funds or companies to purchase directly. Also in terms of physical coins are there better ones or ones that have global acceptance? Any advice appreciated.
 
Hello,

What specifically are your concerns, as they likely play a part in what people may respond with ?

- your home currency (presumably the euro) devaluing ?

- equity markets falling ?

- global war ?

- natural disaster ?

.... Something else ?


Coins or pieces of gold, silver or other previous metals and stones are probably easier to transport, or trade (person to person), but often come at a small cost. You also need somewhere safe to keep them. American Eagles, British Gold Britanias, Canadian Maple Leaf, South African Kruger are some of the better known coins, but watch out for the true gold content, and potential forgeries (if buying privately etc).

Paper / Electronic Certs are very convenient, really bought online, and usually give comfort that your investment is securely held (at The Perth Mint, for example).. while they can be bought and sold quickly, that relies on electronic trading being available, the location, where your assets are held, remaining safe etc.
 
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Physical gold and silver is expensive to store. If you are holding it as an investment, it will be held securely and it is not something you can keep in your home. Goldcore are another provider that you can use.

Holding an ETF is a lot easier and convenient.
 
it is not something you can keep in your home.
I would say it's difficult for example to invest in oil or uranium and keep it in your home, but with gold you absolutely can, many do, and I keep a couple of ounces myself in my house.

Physical gold and silver is expensive to store
I also decided not to charge myself any fee for storing it in my house, so it's free.
 
And comparatively silver is not that easy to store at home, it is much larger and heavier for the same value in € as gold.
But easier to sell 100 quids worth. It being larger and heavier also makes it more difficult to steal unless you have a vehicle.

There are no solutions, only trade offs.
 
If you own "paper" gold or silver, do you get a cast-iron (joke) guarantee that there is really a piece of gold or silver in a specific vault somewhere belonging to you?
 
Coins or pieces of gold, silver or other previous metals and stones are probably easier to transport, or trade (person to person), but often come at a small cost. You also need somewhere safe to keep them. American Eagles, British Gold Britanias, Canadian Maple Leaf, South African Kruger are some of the better known coins, but watch out for the true gold content, and potential forgeries (if buying privately etc).

Paper / Electronic Certs are very convenient, really bought online, and usually give comfort that your investment is securely held (at The Perth Mint, for example).. while they can be bought and sold quickly, that relies on electronic trading being available, the location, where your assets are held, remaining safe etc.
Physical Gold - re above is there any difference in value between say a 1oz American Eagle or Gold Britania? Is it down to the purity or other value of each type? I notice an Irish mint - Tara Coins - but would a coin like this be perceived less valuable than an AE or GB? Even if they all claim to be top purity etc?

Paper Gold - for me counter party risk is an ever increasing factor and as we see the financial markets are quite fragile, more prone to global risk factors - so am just wondering if there is any relatively better/safest custodian options - Perth is a long way to go if the emails go quiet!
 
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