All Forum Posts by: Bob Jones

Good response. Totally agree that owning physical gold is also a good idea as part of a comprehensive strategy for wealth preservation. But what's next once you have done so?

Goldmoney allows you to not only vault gold away from your home (security) but transact with gold. You can send gold, gift it, spend it etc. Ive done all of those.

There is also a mastercard that allows you to spend your gold balance. 

Agreed that physical is an important step for all the very valid reasons you mention. Third part counter risk etc. 

However when gold can be used as a currency the way this technology allows, why not use both?

Thanks for the input :) I agree a covered called strategy does make sense with respect to generating additional income off of the underlying GLD position. I'm coming at this using Goldmoney as a wealth preservation tool. The gold is actually fully redeemable (so you could actually redeem it and see it :) , and the fee is .05% to purchase the gold and storage is free in a Personal account,

All im saying is, for a long term mechanism to preserve value while waiting to deploy cash (like a down payment) its a useful vehicle.

Does anyone here also use Goldmoney to save their money? Great place to save money while you are building a down payment .