Loading ...Out of All Fiat – Into Physical Silver and Gold
It is time to go ALL IN to protect one’s wealth. The best vehicle, in my opinion, is CEF. I want actual gold and silver bullion, not derivative paper gold or silver. I want safety, not the risk from mining companies. I want a vehicle that HAS to go higher if gold and silver go higher. I want daily liquidity where I can always sell a few shares for the small amount of fiat $ I need to pay expenses or make a needed purchase. The chart of CEF says it is going higher soon. The targets are 16, 21, 24 and eventually to and thru the ATH just above 26. Buy and HOLD!
I do like your viewpoint on this as a core holding. I think a position in the actual metals (coins, etc) with the next best being something like CEF. What about brokerage risks? I recall hearing a lot about the fact that you may not actually have the stock when all is said and done. SIPC will not protect jack squat. Is there an ultrasafe way to buy and hold CEF? I’m in TD Ameritrade
“the next best being something like CEF” No best is metals in your safe. CEF may be the third best thing. It is managed by Sprott. So it safe. Plus it is in safe jurisdiction Oh Canada!! Next best is royalty companies with streaming agreements with producers.
Besides all this speculation: by the time FED start deciding gold/silver will not be at these levels. Market will bid up the prices very early in the cycle so high we may just sell n take profit.
Agree with you both that core physical in your possession is part of a balanced portfolio. Royalty companies are another good component but some similiar issues in the terms of actual streaming agreements and mine jurisdictions etc as with actual miners. I am stressing being in CEF instead of bank accounts & or money funds or treasuries etc. The point of brokers is similiar to bank failures. With all the mergers you are pretty much getting to same as banks. Too Big to Fail. TD, Schwab, Fidelity, Vanguard etc. you should be ok.
“You should be ok” … maybe, maybe not
When the sovereign debt bond markets blow up, bank tier one capital goes to zero.
Banks insolvent, and their brokerage houses go down with them.
Non bank brokerages will also have problems.
Unless have direct ownership, not via an intermediary, or broker account.
QE Infinity will bail out the banks ….but make your $s worth less IMHO
Yes, that was my point earlier. I think the streamers contracts will be screwed obviously. You can ask for physical deliver of you actual stock certificates…I think they want to implode the system anyway and will not have anywhere for the sheep to hide including gold and silver coins
So best to transfer all shares to Compushare to have them registered in my name then?