Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (8533)	5/23/2004 4:13:24 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 313022

grusum - Maybe I'm naive, but I think the risk of not being able to get your money back out of GoldMoney is no different than the risk you take opening a savings account or a brokerage account. If anything, I'd probably trust J. Turk more than most brokerages. I thought about the fees too, it is something to consider. On the other hand, you don't have to worry about losing your gold in a house robbery. Also, the gold is insured by Lloyd's of London. I wonder how many people that own bullion purchase a rider on their homeowner's to cover it. I know I haven't. So, it looks like the fees may offset some of those other considerations, possibly. I set up an account last night and it was very easy to do. Point, click and fill in the boxes. You can transfer money into the account using an electronic check which is easier and cheaper than doing a wire transfer and almost instantaneous. I haven't done that part yet, I'm still checking it out. So...them's my two grains.

To: grusum who wrote (8533)	5/23/2004 10:48:16 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 313022

<< minor reason is that the account didn't seem easy to set up>> call me stupid but I gave up on it for this same reason. I simply couldn't figure out what they wanted in order to set up the account. Its a brilliant idea but when it is as easy as setting up a bank account then it should get better response. Oh well, I tried.