By: John Fisher
I make it a point in every discussion with new clients to review their storage plans. Why?
Because most people are not aware of all their options, or are considering an option that puts them at high risk.
As I wrote last week, gold financing and storage scams are rapidly rising. Twenty three firms are currently under investigation in south Florida. I know of only one such firm I would recommend.
If you don’t have your metals in your immediate possession, then someone else has them in their possession – purportedly.
The only exception is when metals are stored in an insured depository. You place the items in the depository, either personally or via power of attorney. Items on deposit are insured against loss through Lloyd’s of London or another international carrier. I recommend two such depositories.
Click here to access links to our recommended depositories…
All Things Considered – John’s Commentary
I am happy to share all of the available options on storage – many of which you may not have considered. Please call us if you would like to discuss storage alternatives.
Action to take: If you own metals, their value has increased – in some cases substantially. What was a modest amount may now be significant in value. Make sure you have put in place the best storage and protection plan possible.
Click here to check the current gold and silver spot prices….
Quote of the day: “Like Liberty, gold never stays where it is undervalued.” – J.S. Morrill
