Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
solarflare
on 24/03/2014, 23:50:18 UTC
I'm new to precious metals trading holding and there's a few things that bother me. I'd love to hear solutions from you guys.

My first concern is storage. Where do you guys keep your stash ?
It's important not to keep all coins in one place of course, but I don't know of even one safe place to keep them.
Home is fine for small quantities only, safe deposit boxes are too expensive (and I don't trust them), in the wild under a rock is inconvenient, etc.

My other concern is with traveling.
I don't have a home country and travel constantly so now that I have coins I don't really know what I'll do when I have to move abroad.
Selling everything for bitcoins and buying again is a pain and would increase the likelihood of getting scammed.
Exchanging all my silver for gold would make the stash much smaller which would be easy to smuggle.
But if I ever get caught they'll still think I'm a freaking mafioso...

Also, right now my stash is small because of these issues I foresee, but I would love to see it grow to $50K (to give you an idea of what I'd travel with (1kg of gold...)).

Thanks for you help Smiley


P.S. Could we have a poll on what would be a good price to by Gold (then another for Silver) ?