Having read about the London gold fix recently i wonder why is gold (or anything for that matter) a safe place to put your faith in.
When a few bankers decide on the price twice daily (I call this manipulation) and the free markets (or me and you) have no say whatsoever whay are we so invested in it?
Please offer some input
Online gold account holders operate like banks where they only need to hold 10% of their gold/cash in their vaults to handle withdrawal requests. The other 90% vanishes into accounting books. I personally think a little gold and silver is a worthy investment, if you can afford it. But do buy from a reliable source (eBay can be dangerous) and have it shipped to you. As useless as it might be in a SHTF situation, it's doubly useless sitting at 10% value in a vault in Singapore.