I just read Pierre's very interesting article on the mechanics of the finance markets (
2015, the BRICS checkmate Western finance? -- Sott.net). I highly recommend it as an overview presented in an easily understandable format.
Towards the ends he writes the following:
This got me thinking that now might be a good idea to buy some gold as an intermediary asset but I have no knowledge or experience with trading physical gold. I did a quick search on the forum and found this thread about buying gold in a credit card shaped form where you can break off 1 gram pieces which make it quite practical (
Gold now available in wallet-sized “cards”).
I was thinking that other people on the forum might have similar thoughts and if so this thread could be a repository of do's and don'ts.
It may be that things look different in the EU and in the US or other places.
Things to consider that come to mind (by no means an exhaustive list)
Price issues
Price per gram or ounce
Shipping/delivery costs
Import tax/VAT
Liquidity issues
If you want to sell the gold, how do you prove its worth - how is it certified
Do you sell it per gram or as a coin
Vendor issues
]Reputation and history of vendor
Who owns the company
Safety issues
Where and how to store gold
Feel free to add to the list.
