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TOP 10 Q & A'sQ6. Where should I store my gold and silver?
I recommend storing at least some of it in a safe place in your residence or in a place where you can retrieve it in time of financial or political emergencies. We do not recommend storing precious metals in a safety deposit box, because banks—which are instruments of our growing fascist/statist government—may well confiscate the contents of those boxes at any time if our growing totalitarian government demands that they do so. During the 1930s, President Roosevelt made it mandatory for Americans to turn in their gold, threatening them with 10 years in jail and a $10,000 fine if they didn’t comply. While there are arguments against that policy being implemented today (few people own gold today and we are no longer on a gold standard), it is not inconceivable that gold could be confiscated again in the future if paper money approaches zero value (as has always been the case throughout history) and as gold and silver soar in value compared to other assets. Holding gold at GoldMoney is one way to own gold offshore and possibly away from confiscation. Investors who have the means may seek to store gold in other countries. Marc Faber, on my radio show, Turning Hard Times into Good Times, recently suggested Canada, Singapore, and certain Middle Eastern countries as viable safe havens for gold storage. Go to http://www.modavox.com/voiceamerica/vshow.aspx?sid=1501 to listen to Marc Faber, Congressman Ron Paul, Ed Griffin, and various other gold and silver advocates on our show.
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We also believe one organization known as GoldMoney is worth considering for storing gold and silver in “electronic form.” GoldMoney is the brainchild of well known gold advocate James Turk. Computers in the Channel Islands keep track of the amount of gold and silver for your holdings. The gold is stored in London and Switzerland vaults. Whenever you wish to take possession of your gold, you can do so by commanding delivery via the Internet. Or if you wish to sell your gold or silver you may also do that and have the proceeds wired in five major currencies to your bank account anywhere in the world. The five currencies are the U.S. dollar, Canadian dollar, euro, Japanese yen, and pound sterling. To buy gold or silver via GoldMoney, go to 