There are vault storage firms in London and Switzerland that hold gold for Americans. But which are safe? Which are cheap?
There is now a ratings firm that lets you compare the services.
To find out which firms offer what for how much money, click the link.
Interesting. I'll be doing some homework tonight…
I highly recommend against holding in London. London is the financial headquarters of the Money Cabal, and they seem to control everything in Britain. In a worst-case scenario, I would fear that the Money Cabal would seize my gold and silver, contractual obligations to the contrary notwithstanding, just as happened with MF Global here in the U.S.
I hold all of my gold and silver in Switzerland: the largest portion at a single location, 200 year old, custody-only (i.e., no business or consumer loans, only modest investing for their own account) private Swiss bank, and a small 'transaction' account at GoldMoney.
I sleep well at night.
NEITHER is safe. If you can't hold gold PERSONALLY, you are not holding gold. A piece of paper stating someone else holds gold you own is worth LESS than a blank sheet of paper. In ANY scenario where the safety of the gold is an issue, your chances of withdrawing it form ANYWHERE other than a vault YOU control make lottery tickets look like a sound investment.