J Taylor’s favorite way to buy and store gold is through GoldMoney. Go to goldmoney.com for more information.
Gold Money allows you to hold gold as long as you like at a very inexpensive price and then when you need to convert it to cash, you can easily do so with simple instructions to have as many of the gold grams you hold into U.S. dollars, Canadian dollars, British pounds or Euros. In fact, my friend James Turk and his company owns a patent to use the Internet as a gold money payment system. I have found this method of owning gold to be as inexpensive and reasonable a way there is for all but the smaller gold holdings. The cost of buying and selling gold is about as competitive as any place you will find and the chart to your “holding” is 1/10 gram per month no matter how much gold you are holding. To put that charge into perspective, realize that one gram of gold is equal to about $15.85. So no matter how much gold you hold at GoldMoney, the charge to hold your gold and to have it available for electronic transfer, no matter how large your holding given the current price of gold is approximately US$1.60 per month.
One hundred percent of the bullion you purchase is stored in the Channel Islands. Regular audits are made of the gold held for by GoldMoney and an audit certificate is posted at GoldMoney.
This page was last modified on October 02 2006