I've long been drawn to the idea of owning gold and silver, but I really am not attracted to holding the physical metal. I toyed with buying non-descript sovereigns, but instead I opted for Invesco Physical Gold and Invesco Physical Silver funds in my ISA...now before you blow a fuse and tell me I own nothing but paper records...I will say the silver and gold is in a JP Morgan vault in London..I know..that probably doesn't help calm you down much :-)
My logic, is that if we get to the stage where I need to rely on physical gold to meet my needs, well, maybe shotgun shells will be a better currency then...and at that point it is game over and my most precious items will be my Shovel, Sprong and Billhook.
Invesco funds doing well atm tho :-) , now I just need more BTC
Never going to judge anyones decisions. What works best for me might not be the best solution for someone else. The reason why i advocate holding physical so much is mostly due to keeping the governments sticky fingers away from any profits. Physical, while not completely untraceable, gives an individual the best chance of remaining anonymous and staying under the radar.
If the shit really did hit the proverbial fan; food and bullets would be top of my list too.
We all need more BTC!! 😀
I had a friend who had a jewellery shop,a little pokey , dusty place in WC1 yrs ago, he had loads of very basic sovs at great prices, he was a big proponent of British Sovereigns for the simple reason that you could authenticate their gold value very easily with medieval tech. One known sov, a pan balance and a callipers. He reckoned ingots were less easy to shift in "dire circumstances" as they needed specialist tech to properly verify. That was when I came close to buying some sovs...they were $85 each at the time