Bank Holidays Or Risk Of Bankruptcy

You have to invest in gold and store it outside the bank system. Gold has been considered a safe investor haven since ages. Gold investing is done generally as a security measure in order to have easy access to a means of payment. It is universally accepted and to protect oneself against the risks associated with the financial system’s fragility. Gold can become the main payment means in case of temporary bank closing or bank failure (bank holiday).

While gold is a safe haven in case of economic troubles or social breakdown, you need to have easy access to your assets. However, if your gold is hold in a bank’s vault and the bank goes bankrupt or closes temporarily (the most recent real life example are banks in countries such as Argentina and Venezuela), then you cannot take advantage of immediate access to your gold. Even if you hold solid assets, you are left in times of troubles without any means of payment for your basic needs. When access to bank cards, cash or other traditional means of payment is not possible, you need to have access at least to your gold assets.

Do not overlook the risk of bank failure. This is, in fact, more serious and real than ever as many top economists have warned recently. And, with the banking system in the modern world entirely inter-connected, any bank failure happening somewhere in the world may affect your bank as well.

Government Confiscation

The risk of government confiscation is real and, in fact, confiscation had happened before. For instance, in the US it has occurred in 1933 during the Great Economic Depression, per Roosevelt’s Executive Order 6102. In our times, confiscation could happen just before announcing a new monetary system or following panic in the banking system. Owning gold in your country of residence could be risky in such situations because you can lose it due your government seizing order.

In order to avoid most of the risks you have to protect your wealth by investing in gold and store your gold outside the banking system. Select a trusted and reputable gold broker such as Goldbroker.com. The company maintains storage facilities in Switzerland, a neutral country with the reputation to host the most secure financial system in the world. This greatly eliminates the risk of gold confiscation for you.

Price manipulation, risk of confiscation, risk of bankruptcy, re-hypothecation, great inter-contentedness of the banking system, are all real risks that you should take into consideration before choosing a place to store your physical gold. The investment and storage solution offered by Goldbroker.com provides maximum security for rightful ownership of physical precious metals such as silver, platinum and gold.