Offshore savings

[upup]

How do one invest in gold. Buy some gold and put it where?

 

[saturnz]

How do one invest in gold. Buy some gold and put it where?

there are vaults with insurance, and if you do take delivery remember all the gold ever mined can fit in 3 swimming pool

so your entire networth won't be that big in terms of physical gold

one Krugerrand is R30 000 at the moment, so 100 coins would be R3m already

 

[upup]

there are vaults with insurance, and if you do take delivery remember all the gold ever mined can fit in 3 swimming pool

so your entire networth won't be that big in terms of physical gold

one Krugerrand is R30 000 at the moment, so 100 coins would be R3m already

So you put them also in a vault, what do you pay to keep it there.
May I ask, say I bought 1 a few years back, how do I sell it. Who will buy it.

 

[r4nd0m]

and if you do take delivery remember all the gold ever mined can fit in 3 swimming pool

Nice info-bit.

If an Olympic-sized swimming pool has a volume of 2.5 million liters, then we divide and get our answer. So we would need 3.27 swimming pools to hold the entire global supply of gold, which some argue is the entire amount of gold mined since before the Egyptians began mining gold before 2000 BC

How Many Olympic-Sized Swimming Pools Can We Fill With Billionaire Gold?

Gold has been on everybody's radar. With billionaires George Soros and John Paulson holding huge positions, the precious metal is a force to be reckoned with.

www.forbes.com

 

[r4nd0m]

So you put them also in a vault, what do you pay to keep it there.
May I ask, say I bought 1 a few years back, how do I sell it. Who will buy it.

You may access your safe deposit box as frequently as you would like at no additional cost.

• A. Width: 214mm. Height: 88mm. Length: 445mm. R325 pm incl VAT.
• B. Width: 214mm. Height: 104mm. Length: 445mm. R450 pm incl VAT.
• C. Width: 214mm. Height: 130mm. Length: 445mm. R645 pm incl VAT.
• D. Width: 214mm. Height: 260mm. Length: 445mm.

Knox Safe Custody - Safe Deposit Boxes

Knox Safe Custody is a customer-centric business that provides secure storage for your valuables. Our safe deposit boxes are in a secure facility that is monitored 24/7. We use the latest security technology to protect your belongings, and we offer a variety of insurance options to give you...

www.knoxvault.co.za

Looks like they know what people are going to use it for:

WE INSURE OUR SAFE DEPOSIT BOXES | Knox Vault

Knox is proud to be the only Safe Deposit Box company to include R1 000 000 all-risks contents insurance to our clients with all our safety deposit box rentals. If you require more than R1 000 000 worth of contents insurance, contact a Knox consultant for further information.

www.knoxvault.co.za

 

[saturnz]

So you put them also in a vault, what do you pay to keep it there.
May I ask, say I bought 1 a few years back, how do I sell it. Who will buy it.

I don't know all the details, gold is not something that I'm that interested in, but Peter Schiff discusses it quite a bit, the storage costs are minimal and Peter Schiff's spread costs are also very low, its not as prohibitive as you may think.

He also talks of a jewellery place that will buy your jewellery back, at a higher price than what you bought it for.

 

[RandomGeek]

Nice info-bit.

How Many Olympic-Sized Swimming Pools Can We Fill With Billionaire Gold?

Gold has been on everybody's radar. With billionaires George Soros and John Paulson holding huge positions, the precious metal is a force to be reckoned with.

www.forbes.com

Useless fact for the day...gold is 19.30 times as dense as water. Therefore an Olympic swimming pool with a volume of 2.5 million litres will weigh 48.25 million kilograms when filled with gold. Let's hope that the pool foundation is properly reinforced for this hypothetical scenario

 

[Vox Populi Vox Dei]

So my Starling Bank (UK) account is safe from the thieves?

 

[MirageF1]

So my Starling Bank (UK) account is safe from the thieves?

Up to £85,000 goverment protection for every account.
Note, multiple accounts at same bank do not apply.
Spread your monies across mutliple Banks if you are concerned.

FSCS announces higher protection limits of £85,000 for some products and services

The Financial Services Compensation Scheme (FSCS) limit has been raised to £85,000 for more of the financial products it covers.

www.fscs.org.uk

P.S Used to be 50k, was recently increased,unsurprisingly given the amount of failed banks/ administrations globally in recent years( que my above posts)

 

[nivek]

So you put them also in a vault, what do you pay to keep it there.
May I ask, say I bought 1 a few years back, how do I sell it. Who will buy it.

It's also tricky getting gold out of the country, apparently it doesn't pass for pistachio nuts as easily as diamonds do

 

[jambai]

Monzo ...just have a adress in uk

 

[JayM]

Monzo ...just have a adress in uk

This is bad advice. You are required to be a UK resident to open the account. Monzo are well known for freezing accounts - it's not worth the risk when there are alternatives for people who aren't UK resident.