Honestly, that is an extremely poor idea. You are paying 15% over current market to take possesion. Then what? What would liquidation costs be another 15? You need 30% movement to the upside to break even?
If you feel you must invest in gold, then buy shares of GLD on the NYSE in an account from anyone you want. Each share is 1/10 of an ounce that is stored in a vault in London. Do some research on this. You get the same benefits as far as apreciation goes with none of huge costs you are considering.
My own personal opinion is that it is far too late to buy gold. The easy money has been made already and only fools buy high.
A much better option would be to look at other commodities. My personal favorite is oil, and I own shares in several oil companies and oil service providers in Canada. This will serve the same function as gold if you are trying to protect yourself from inflation or the falling value of the dollar.
Owning businesses that produce various commodities is a much better alternative IMHO, but good luck to you in whatever you decide.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
