Sunday, June 06, 2010

I'm moving my savings

I've been having big time problems with my main bank lately. They've not been properly crediting my deposits and then playing around with my withdrawals. Considering they pay a pittance for interest rates, I can easily move my money and get a better return elsewhere. That's why I'm going to buy gold coins to hold my savings. Gold has been on a tear lately and that value just seems to keep rising.

I can buy coins and hold them myself since I'll just be getting a small quantity. However, when I buy through the US Gold Bureau they can also arrange to have them safely and conveniently stored at a independent bank or depository. By keeping the coins in my possession, when gold increases by 10-20% or higher, I can cash them out and make a great profit.

Which will be much more than the anemic interest rates everyone is paying.

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