What bullion to buy and where to store it

“In gold, we recommend buying either the 1 ounce gold coin or bar, or 10 ounce or one kilo bars. In silver, we prefer the 1 once coin, or 10 or 100 ounce bars. We also carry $1,000 face amount bags of "Junk Silver.”


Coins you want to buy

American Gold Eagle:

· Mint: United States Mint

· Composition: 91.67% Gold, 3% Silver, 5.33% Copper

· Years of Minting: 1986-Present

· Denominations: 1 oz, ½ oz, ¼ oz, 1/10 oz.

American Silver Eagle

· Mint: United States Mint

· Composition: 99.9% Silver, 0.1% Copper

· Years of Minting: 1986-Present

· Denominations: 1 oz. Only

Canadian Gold Maple Leaf

· Mint: Royal Canadian Mint

· Composition: 99.99% Gold

· Years of Minting: 1979-Present

· Denominations: 1 oz, ½ oz, ¼ oz, 1/10 oz, 1/20 oz

Canadian Silver Maple Leaf

· Mint: Royal Canadian Mint

· Composition: 99.99% Silver

· Years of Minting: 1988-Present

· Denominations: 1 oz only”

I called Wells Fargo and asked about their safe deposit boxes and this is what they told me as far as the charges go. Wells Fargo safe deposit boxes: 18$ annually and $25 for key deposit. Problem with this option is that if there is a bank run when things get bad you might not be able to get into your branch. This is because in the past there have been bank runs and when they occurred they just shut down branches and you couldn’t even talk to anyone. In some cases with a bank run the bank may shut down entirely and transfer the contents of their safe deposit boxes elsewhere and they may not even notify you and it is possible that the contents may be lost forever.

You can buy and store your bullion at insured places, but they can be pricey. You can also look at the Perth Mint in Australia as a place to store your bullion as they seem to have very good prices and are secure and have the stable government of Australia to back it as far as risk of political turmoil. Australia is heavily dependent on commodities and so if you wanted somewhere that was tolerant of a run up in the price of commodities it’d be there, whereas there is sentiment out there that says this might not be the case in the states in the case of turmoil.