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

To: TheSlowLane who wrote (8535)	5/23/2004 4:33:43 PM
From: loantech	Respond to of 313036

< 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> Uh just where is that coffee can? <g>

To: TheSlowLane who wrote (8535)	5/23/2004 4:59:41 PM
From: grusum	Read Replies (2) \| Respond to of 313036

thanks for the feed back TSL. i just went back to the FAQ at the goldmoney site. goldmoney.com it seems there is a maximum charge now for storage ($1.25/month) and payments ($1.25/payment). those are certainly fees that i can live with. and the fees of course change with the price of gold. i'm glad that opening accounts has become easier also. however, my main fear is unchanged. i don't feel that my money is safer at goldmoney than a bank account. my feelings may be unjustified, that's true. i'm not questioning Turk's honesty or integrity. i'm concerned that he can't know every possible problem. what if someone either gets my password or cracks my account? if my bank account gets cracked, they work with me to get my money back. they have to because if they don't, people won't trust their money to banks either. the banks have more resources than goldmoney does. will goldmoney have the same kind of commitment to right a wrong? i don't really 'trust' banks either in the final analysis. the government could freeze my bank account easier than they could freeze my gold money account i think. governments around the world 'cooperate' with the US government. how safe is our gold in goldmoney's vault no matter where it is located? if i felt as safe with my money in goldmoney that's where it would be right now. i may put my money in goldmoney at some point anyway. i'm not ruling it out. i just have my reservations. thanks again