How Do You Sell Your Vaulted Gold When the Internet Goes Down?
-- Published: Thursday, 18 October 2018 | Print | Disqus
– Do you own gold in the safest way possible?
– Do you own gold via an exchange traded fund, a digital gold provider or another form of pooled gold?
– Have you ever thought about how you would sell or access your gold if the internet went down or if your gold provider became compromised or un-contactable?
– In this episode of the Goldnomics Podcast, we discuss how Direct Access Goldensures liquidity, competitive pricing and outright ownership of investors’ gold through the Direct Access Gold Contingency Agreement.
– Cyber, digital, geopolitical and systemic risks are very real and increasing today. There is no way to completely eliminate these risks but Direct Access Gold mitigates and greatly reduces them
– In the event of certain geopolitical, digital and systemic risks materialising, it is important that gold buyers and investors can take delivery or move their gold to a location of choice
– Direct Access Gold is being considered as a game-changer when it comes to the level of safety, security and access that precious metals investors have when it comes to their gold
– It is an industry first that addresses some of the perceived weaknesses of digital gold and gold ETFs (Exchange Traded Funds); the single point of pricing or liquidity and the lack of access and outright ownership underlying gold assets
Did you know that only a tiny fraction of ETF and digital gold holdings are effectively available for delivery in coin or bar format at any one time?
Probably less than 1%!
Rather than owning gold coins or bars outright, you may be part of a pool of investors who all have an interest in large 400 ounce gold bars. This means that you own a part or parts of a bar and your holding is not capable of being separated from that of other investors.
As a result it is not possible in most circumstances to easily take possession of your gold. If you are a holder of an ETF (an Exchange Traded Fund), you own a share in a fund that has an interest in a pool of gold bars and you most likely don’t even have direct access to your gold.
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