Buying Gold Bullion Online
Here’s a bit of an odd idea - buying gold bullion online. The folks at Bullion Vault apparently let you purchase your own gold and they store it in the center of your choice (London, New York, etc).
On the negative side, I expect you really don’t have access to the actual gold - is there any way to tell for sure that the gold is actually there? Probably not. It seems well suited for people somehow looking to get rich quick, or for the tinfoil hatters amongst us who believe that you’ve got to physically own the gold (though you’re still dealing through an intermediary here).
On the plus side, gold has been a solid investment for as long as I can remember. In fact, I can remember in the 70’s when gold started out at around $35CDN an ounce. Along came the Iranian diplomatic standoff, and gold soared to over $1000CDN an ounce. People were pulling their gold caps out of their teeth to cash them them, it was that crazy. Lots of people made an awful pile of money over that. And back in the ’70’s, a $1000 was REALLY a $1000.