With regards to recent comments made by Ted Butler in the article "RENT A SAFE" where he strongly recommends buying physical Silver....
I would like to ask anyone for their opinion about the KITCO POOL ACCOUNT: Is this a safe and hassle free way of buying physical silver without actually holding it yourself? Kitco says you can take delivery of the physical metal whenever you wish. Or is Kitco also a risky place to store your Silver, just in case Kitco suffers a sudden and unforeseen demise like the renown Handy & Harman!?
Any comments will be very appreciated.
TIA
Raja
online.kitco.com
Pool Accounts - Defined
Pool Accounts, also often referred to as unallocated storage accounts, refer to a precious metal account deposit in which the client does not have title to specific (allocated) bars or coins. The client instead owns a defined unsegmented interest in a pool of precious metals held by Kitco. However, the client is entitled to receive physical bullion in the form of any type bar or coin normally carried by Kitco upon payment of quoted fabrication charges.
About Kitco Pool Accounts
Whether you?re an experienced or first-time investor, Kitco?s Pool Account service makes purchasing precious metals easier than ever before. We?ll add dimension to your portfolio and enhance your investment strategies when you open a Pool Account.Kitco?s Pool Accounts are perfect for those who want to invest in precious metals, but still aren?t sure about what to buy (coins or bars) or in what quantity. Simply open a Pool Account and decide the rest at a later date. When the price is right and you?re ready, you then simply arrange for shipment or sell them back to us at market price.
Kitco Pool Accounts are free and hassle-free!
Pool Accounts let you purchase gold, silver, platinum, palladium and rhodium to hold on account at no charge.You can add to this account, take physical delivery, sell your account holdings, or even transfer to a third party or depository at any time. When exchanging pool account holdings for physical metal, a small premium plus shipping and handling charges would apply.
Pool Accounts allow you to buy from Kitco without taking delivery of your product, since your purchases are held with us. You pay no safety deposit fees or monthly depository charges. You also pay no premiums, bar charges, shipping, or insurance unless you?re ready to receive physical bullion products in exchange |
