Honestly, that is an extremely poor idea. You are paying 15% over current market to take possesion. Then what? What would liquidation costs be another 15? You need 30% movement to the upside to break even?
If you feel you must invest in gold, then buy shares of GLD on the NYSE in an account from anyone you want. Each share is 1/10 of an ounce that is stored in a vault in London. Do some research on this. You get the same benefits as far as apreciation goes with none of huge costs you are considering.
My own personal opinion is that it is far too late to buy gold. The easy money has been made already and only fools buy high.
A much better option would be to look at other commodities. My personal favorite is oil, and I own shares in several oil companies and oil service providers in Canada. This will serve the same function as gold if you are trying to protect yourself from inflation or the falling value of the dollar.
Owning businesses that produce various commodities is a much better alternative IMHO, but good luck to you in whatever you decide.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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