What is the safest way to invest in gold: physical storage or ETF?

[fc70]

If you want to own physical gold don't put all your eggs in one basket,‌

Remember the scumbag couple that stole from bank safety deposit boxes and was found not‍ guilty in a s**t show trial in Cyprus.

https://archive.cyprus-mail.com/2016/02/06/remand-extended-for-safety-deposit-box-theft-suspect/

https://knews.kathimerini.com.cy/en/news/couple-in-money-fraud-case-suddenly-off-the-hook

I've also heard of disappearing⁠ items from bank safety deposit boxes in Panama.

 

[JohnnyDoe]

If you⁤ trust any bank with your valuables you deserve to be robbed.

 

[DeepDrilling]

I’d say⁤ anything is possible in Panama, even stuff disappearing from your safety deposit box. For all⁣ the criticism about the EU or Europe, that kind of thing just doesn’t happen in⁢ places like Monaco, Switzerland, or Germany.

 

[HardRJones]

Has there ever been hyperinflation in gold or gold backed currency in history? The answer‌ is yes. It (in part) brought down the Spanish Habsburgs. There are changing tastes in‍ the west with respect to gold jewelry but don’t forget that India represents approximately 25%⁠ of the global market share and it continues to grow. China and India represent 60%⁤ of the gold jewelry market. The Arab world is another significant consumer. The metal also⁣ has use in industrial and electronic applications. It’s neither doom nor a panacea to all⁢ potential problems with fiat currency. It’s another asset class subject to market forces and nothing︀ more.

Do you trust your ability to secure, transport, and convert it, or do you︁ trust legal frameworks around third party custody? I wouldn’t want to try to fly out︂ of Africa (or the US, for that matter) with a case full of gold bars.︃ Much prefer certificates with proof of Swiss custody. On the other hand, I wouldn’t trust︄ a Cypriot dog sitter to watch the neighbor’s dog that barks all night and that︅ I want to die, much less trust a Cypriot bank with anything valuable after the︆ 2013 fiasco.

Bitcoin is, for now, also just another asset class subject to market forces.︇ It’s priced in dollars or euros, after all.

 

[kokunut]

You can⁤ read and hear a lot on the wonderful Internet. I have done it all at⁣ my own, yes from reading the Internet, but all the nonsense posted by users obviously⁢ have never owned anything useful, is annoying. Gold can be kept in many ways, physical,︀ crypto and ETF make your choice.

 

[JohnnyDoe]

Aka imaginary gold rof/%

 

[JackAlabama]

no wonder,⁤ how can you even provide adequate proof for this? Lets say your cash or watch⁣ is missing, whats an adequate proof?
The "best" thing would be many other customers got⁢ hit at the same time, so youre not the only one reports missing stuff.

 

[HardRJones]

Better imaginary but the fiction be salable‌ than real but in the grasping clutches of CBP in the name of asset forfeiture.‍

 

[JohnnyDoe]

Why not trade‍ CME GC futures then? Highly regulated, very liquid, tradeable on the Globex, leverage possible, accessible⁠ through every major broker, mini version available. You can also take delivery of the real⁤ thing if you want.

 

[HardRJones]

All of these⁠ and more are valid options, from bar in hand to futures. Use the appropriate tool⁤ for the job.

 

[blizz]

have been storing around 1M in physical gold for years, didn't think︄ about it not to be safe or did anything special other than keep my mouth︅ shut.

 

[kokunut]

I hope you at least have a safe or something similar where they are stored.‌