Sunday, June 27, 2010

Betting on bullion

"Physical gold is a tangible asset" and the "bedrock asset in everyone's portfolio," said James Turk, founder and chairman of GoldMoney.
It is the ultimate safe haven because it is liquid and does not have counterparty risk," he said. "Gold is the only money not based on someone's promise, which makes it highly valuable during periods of financial and monetary uncertainty as is presently the case." 
The best way for a small investors to invest in gold is to buy small gold coins or gold bars, such as Public Gold Bullion or Public Dinar.
And when it comes to buying physical gold, there are only two ways to do it, said Turk -- "buy it and store it yourself, or buy it and have someone store it for you."