How Can I Safely Store My Physical Gold and Silver?
Once you’ve purchased physical gold or silver, the next question is where to keep it. While there may be some peace of mind having your bullion in a safe at home or in your bank’s safety deposit box, there are also compelling reasons to hold your precious metals in a dedicated storage facility.
Most importantly, every ounce of silver or gold deposited at these recommended storage facilities is fully allocated, which means all the metal is 100% physically present at the storage facility. This isn’t a fractional reserve system, where just a small portion of your wealth is kept on hand while the institution gambles with the rest. Your metal remains physically on-site, and available to pick up, ship, or sell back to us whenever you choose. For more information please call!
Will Digital Currencies Displace Gold or Precious Metals?
Unlikely, and certainly not before a US dollar collapse.
As the US dollar and many other foreign fiat currencies inflate and lose value, you may rightly worry about preserving your hard-earned wealth from the ravages of inflation. While precious metals like gold and silver have long been stalwarts in preserving wealth, emerging digital currencies have been knighted by a few as hard money’s savior.
Most online currencies are backed by something. That means they are really just a trading platform for some other commodity, often precious metals. The success of these types of efforts is also positive for investors in physical metals because increased usage drives up the global price level.
What does Spot Price mean?
The spot price is the current market price at which an asset is bought or sold for immediate payment and delivery. The spot price of gold is determined by a commodity’s most highly traded futures contract. This most traded futures contract can be the current month or it might be two or more months into the future.
Currently the gold spot price is a fluctuating combination of world futures market prices (mostly influenced by the highly fractionally reserved COMEX and London Gold Market) found via the selling and buying of virtual contracts representing the potentially deliverable physical precious metal.
What is the difference between a troy ounce and a standard ounce?
A troy ounce is the standard of measurement used for precious metals and gemstones. The word ounce, when applied to gold, always refers to troy ounces. It is a unit of weight equal to 1.09711 standard or avoirdupois ounces. One standard ounce is 28.35 grams, while a troy ounce is 31.1 grams. All items listed on our online store will either be in troy ounces or in grams.