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Buying and Storing Gold in Singapore Simon Black, Sovereign Man

October 26, 2012 in Gold, Gold Coins, Precious Metals, Silver, Silver Coins

http://www.businessinsider.com (By: Simon Black)

October 25, 2012, Singapore

We’ve discussed at length the importance of owning precious metals. The financial system is so full of insolvent banks and bankrupt governments, and gold is one of the few assets that you can own which is not simultaneously somebody else’s liability.

Now, there are no shortage of products out there to buy gold. All you have to do is log in to your discount brokerage account and buy some ETF shares. But doing so almost defeats the purpose of owning gold to begin with.

Gold is a safe haven. It’s an ‘anti-currency’ and proxy against the financial system. The more perilous bank and government balance sheets become, the more attractive gold becomes because it carries none of these risks.

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