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***Poll: Would you store your PM's with Gainesville????***

Comments

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    Hell no. I wouldn't trust any third party to hold my gold.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TheBigBTheBigB Posts: 942 ✭
    No, I prefer my safe deposit box.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    You could have put in any 3rd party name, bank, brokerage, or private vault....the answer still would have been NO.

    Didn't MF Global promise segregated storage too? Possession is nine tenths of the law. And you won't have possession.
    If Gainsville runs out of vault space I have extra room in my segregated storage vault. I won't even charge the 0.6%.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    image
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>You could have put in any 3rd party name, bank, brokerage, or private vault....the answer still would have been NO.

    Didn't MF Global promise segregated storage too? Possession is nine tenths of the law. And you won't have possession.
    If Gainsville runs out of vault space I have extra room in my segregated storage vault. I won't even charge the 0.6%. >>



    You wouldn't trust Jon Corzine to hold your PM's?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    No, the only person I trust is myself and I
    have questions about that !!!
    Timbuk3
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    I wanted to answer "NFW", but that was not an option, so I had to choose "No".

    You could replace "Gainesville" with any other name and my answer would be the same.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    no, no, no.

    Did I mention? no.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • nibannynibanny Posts: 2,761 ✭
    Nope!

    I don't even like leaving my PM's in the save deposit box in my bank (2 minutes from my apartment)!

    MM
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    No way!!

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • VikingDudeVikingDude Posts: 1,342 ✭✭✭
    Hmmm, 0% yes...
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    If I had to choose, I would rather send it to a number of people on these boards - who I've never met before - rather than send it to Gainesville or another big company. NFW.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • JimDepotJimDepot Posts: 958 ✭✭


    << <i>I wanted to answer "NFW", but that was not an option, so I had to choose "No".

    You could replace "Gainesville" with any other name and my answer would be the same. >>



    image


    image
    image

  • JulioJulio Posts: 2,501 ✭
    Sure. Why not? image. Take care. jws
    image
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>If I had to choose, I would rather send it to a number of people on these boards - who I've never met before - rather than send it to Gainesville or another big company. NFW. >>




    There is some real truth in this statement!
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Hell no. I wouldn't trust any third party to hold my gold.
    image

    What happens when they go out of business and your on vacation? Had a similar occurence happen, it wasn't fun trying to get MY stuff back.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • 1jester1jester Posts: 8,637 ✭✭✭
    I'd rather my gold be held in a safe place, like at the Fed....NOT.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    Wow. So far 60 votes and no one voted yes. I wonder if anyone from Gainesville is reading this thread.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Besides the obvious already mentioned one has other risks as well. Bullion dealers/brokerages/vaults will be getting increased scrutiny from the FEDs, IRS, HS, etc.
    in the coming months and years. Why would you want your stuff kept with theirs when any number of unforseen events could happen? What if your
    stuff is sitting in their vault when an "FDR-like" executive order comes out tomorrow? Any heavy-duty tax audit, esp. with negative findings could easily see your
    gold held up for months, or even years. At one time in the past I sent some coins to a national dealer that were tied up for months in a money laundering investigation.
    I never did get them back, just a check for about 80% of their market value. The firm dissolved during that investigation.

    I wonder why 7% of the pollers are unsure?
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No, not at all. I would never store my PM's anywhere but within my control... and that is NOT an SDB. Anyplace beyond your reach is liable to be removed from your reach permanently. Of course, proper security is mandatory. Cheers, RickO
  • johnny9434johnny9434 Posts: 28,305 ✭✭✭✭✭
    no, i dont trust any of them.
  • GoldbullyGoldbully Posts: 17,303 ✭✭✭✭✭


    << <i>Wow. So far 60 votes and no one voted yes. I wonder if anyone from Gainesville is reading this thread.image >>



    Looks like Gainesville just voted!!! image
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    What's the upside? (besides for the Gainesville?) Get it, they gains yer money AND the use of yer gold in the Gainesville? I'm just askin, what's in if for the customer?

    Liberty: Parent of Science & Industry

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>Wow. So far 60 votes and no one voted yes. I wonder if anyone from Gainesville is reading this thread.image >>



    Looks like Gainesville just voted!!! image >>



    I think it was just someone's idea of a joke.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Poll results are no indication of Gainesville's reliability as a dealer. It only reflects concern of metals owners' of ANYONE else holding their metal. Any gold stored with anyone else stands to be lost if that firm goes under. While I would not let Gainesville or anyone else hold my physical, I have done business with Gainesville and will continue to do so.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    It seems like somebody from Gainsville joined the board.image

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • curlycurly Posts: 2,880 ✭

    I would never do such a thing.
    Every man is a self made man.
  • SpoolySpooly Posts: 2,108 ✭✭✭
    It's best to keep your gold within rifle range! (Evil grin)
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    For those who voted 'unsure', let me offer you MY storage services. Totally secured, monitored 24 hours a day, seven days a week. Reasonable rates depending on quantity. Inquire by PM. Cheers, RickO
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>Gainesville Link >>


    You must have received the e-mail from Gainsville this week...image
    ......Larry........image
  • StorkStork Posts: 5,205 ✭✭✭✭✭
    Not just no but (add every expletive known to mankind) NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO.

    If only because when I inquired about a purchase I was somewhat rudely told that my military billing zip code was unacceptable and they had no interest in having an active duty military customer. I would understand if their problem was the mailing and their business model would not allow USPS for shipping, which is fine because I have a reshipper and have a non FPO address I can use, BUT it was for BILLING. Not accepting customers BECAUSE they are in the military is an absolute no go for me...which is funny as I've only got a little over a year left and was looking for a new long term source. Oh well, I'm not a big fish, but I'm a consistent fish. Or bird as the case may be.

    Too bad their 'customer service' representative couldn't find a polite way to either take an order manually or even just explain the issue.

    Did I mention NO NO NO NO NO NO NO NO NO and NO WAY.

  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
    In light of what has happened to MF global customers amongst other things to leave ANY amount of tangible assets with a company
    is not an option for me nor should it be for anyone else!!!
    I've got a question for anyone caring to respond, currently I have some stuff locked up in 2 safes but the bulk of my holdings are in 2 large safe deposit boxes at my local bank. How many of you fear losing your holdings kept at a bank in a locked box???
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i> How many of you fear losing your holdings kept at a bank in a locked box??? >>


    Fear yes, but not as much as I fear having a gun pointed at a loved ones head when told to open my safe. I feel I have better odds of keeping my gold if it's not in my safe.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • GoldbullyGoldbully Posts: 17,303 ✭✭✭✭✭


    << <i>For those who voted 'unsure', let me offer you MY storage services. Totally secured, monitored 24 hours a day, seven days a week. Reasonable rates depending on quantity. Inquire by PM. Cheers, RickO >>



    Love it!! image
  • nibannynibanny Posts: 2,761 ✭


    << <i>

    << <i> How many of you fear losing your holdings kept at a bank in a locked box??? >>


    Fear yes, but not as much as I fear having a gun pointed at a loved ones head when told to open my safe. I feel I have better odds of keeping my gold if it's not in my safe. >>



    I have my PM's in three different places. Though, I agree with derryb, a safe is safe only if you and your family are not at home. MM


    edited to ask: if you keep your PM at Gainesville, that should mean that they may be forced to disclose the list of their customers, correct? Or there is some sort of law (like in journalism) that allows them to keep it secret?
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • TwobitcollectorTwobitcollector Posts: 3,366 ✭✭✭✭✭
    No way
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