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 - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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