Here are a few of the SINE QUA NON (indispensable conditions) for gold ownership:
- Gold must be held in physical form. No funds, ETFs or bank held gold.
- The investor must have direct access to his own gold bars/coins.
- Any counterparty must be eliminated whenever possible.
- Gold must be stored in ultra safe vaults outside the banking system.
- Gold should not be stored in a major city.
- Gold must be insured.
- Only gold that you are prepared to lose should be stored at home.
- Gold should be stored outside your country of residence and in a gold friendly jurisdiction.
- The country where the gold is stored must have a long history of democracy, political stability and peace.
