Sunday, March 17, 2013
Help needed from one of you who does Silver/Gold
When I buy gold or silver I buy and hold.
But that story coming out of Europe should be a cautionary tale for everyone.
For those of you who don't buy and hold, what is the best method you've found for converting your gold or silver to FRNs when you need to pay for something (assuming your creditor won't accept Silver/gold) How do you get around the several percentage points of loss endured from the broker who takes a cut every time, whether you are buying into metal or selling out?
If I knew a way to do this I'd let you folks pay for everything at IIIGear via metal, if we can find a way to limit the losses during conversions.
Here's the story.
Take it seriously folks - one day in the near future you'll swipe that card and all of your digital "money" will simply be gone...
Posted by K at 9:51 AM