Do You Trust the British Mint to Hold Your Gold? The US Mint?

Coinosaurus

The Royal Mint announces that they will now allow buyers to store purchased gold at their facility.

It's the hallmark of a classic 1970s-era gold scam, although I have not yet received any high-pressured sales calls from our friends in the UK.

Would you be comfortable leaving your gold in the UK under the control of the Mint? Or, if the US Mint got in on the action, how about in Philadelphia?

ms70

No.

WTCG

This is coin people you're talking about, a largely neurotic, paranoid bunch who are paranoid for the sake of being paranoid. They don't trust their own mothers let alone a government agency. I assure you the universal answer is an overwhelming NO.

BAJJERFAN

<< <i>This is coin people you're talking about, a largely neurotic, paranoid bunch who are paranoid for the sake of being paranoid. They don't trust their own mothers let alone a government agency. I assure you the universal answer is an overwhelming NO. >>



Truer words were never posted.

johnny9434

no and i do not even want them snooping round my neighborhood.

BAJJERFAN

<< <i>The Royal Mint announces that they will now allow buyers to store purchased gold at their facility.

It's the hallmark of a classic 1970s-era gold scam, although I have not yet received any high-pressured sales calls from our friends in the UK.

Would you be comfortable leaving your gold in the UK under the control of the Mint? Or, if the US Mint got in on the action, how about in Philadelphia? >>



Does the Royal Mint in the UK sell direct to the public?

DeepCoin

If I lived in NY, I would happily let the West Point Mint store my gold. I have seen where they keep it and it is quite safe. An NO, they are never going to open the vaults at Ft. Knox to store gold. The Philadelphia Mint is not secure enough to keep precious metals. I have been in that Mint as well.

Justacommeman

<< <i>

<< <i>The Royal Mint announces that they will now allow buyers to store purchased gold at their facility.

It's the hallmark of a classic 1970s-era gold scam, although I have not yet received any high-pressured sales calls from our friends in the UK.

Would you be comfortable leaving your gold in the UK under the control of the Mint? Or, if the US Mint got in on the action, how about in Philadelphia? >>



Does the Royal Mint in the UK sell direct to the public? >>




I just received a shipment from the Royal Mint. Received my order 5 working days from when I ordered.

MJ

BryceM

No. Owning gold that isn't in one's physical possession defeats most of the primary purposes of ownership. However, if forced to chose between the Royal Mint and the US Mint, I go with the former.

BillJones

No, I don't trust them, and you can call me paranoid, anti-government or any other pejorative you wish to heap upon me, but I've read too much history to trust government bureaucrats. Many government employees are out for themselves and view us as sheep, cattle or in a better light "civilians."

pennyannie

NO!! If I buy it, I want to hold it in my hands and bury next to the dogs bones outside. I would rather have fido guard it.

BAJJERFAN

<< <i>

<< <i>

<< <i>The Royal Mint announces that they will now allow buyers to store purchased gold at their facility.

It's the hallmark of a classic 1970s-era gold scam, although I have not yet received any high-pressured sales calls from our friends in the UK.

Would you be comfortable leaving your gold in the UK under the control of the Mint? Or, if the US Mint got in on the action, how about in Philadelphia? >>



Does the Royal Mint in the UK sell direct to the public? >>




I just received a shipment from the Royal Mint. Received my order 5 working days from when I ordered.

MJ >>



The U. S. Mint of course sells to the public, but the drawback is that they don't sell anything that I'd buy in sufficient quantity to warrant them storing it for me. If they sold one or five ounce bars or AGEs or Buffalo coins direct, that would be a different story. I've no desire to have them store gold Kennedy coins for me. I do not think that I would be sending anything to them for storage.

What does the Royal Mint sell that would be worth storing there?

ernie11

<< <i>This is coin people you're talking about, a largely neurotic, paranoid bunch who are paranoid for the sake of being paranoid. They don't trust their own mothers let alone a government agency. I assure you the universal answer is an overwhelming NO. >>



Agreed.

ms71

Just because you're paranoid doesn't mean they're not out to get you.

Kaline6

If it's not in your possession, you don't own it.

CaptHenway

Think 1933.

BillJones

<< <i>

<< <i>This is coin people you're talking about, a largely neurotic, paranoid bunch who are paranoid for the sake of being paranoid. They don't trust their own mothers let alone a government agency. I assure you the universal answer is an overwhelming NO. >>



Agreed. >>



Some day you guys might learn the truth. In the mean time keep chugging that big government Kool-Aid.

I learned my lesson with I was 30 years old. Paraphrasing Winston Churchill, "If you are not liberal when you are young, you have not heart. If you are not conservative when you are old, you have no brain."

Kudbegud

NO to government holding my precious metal and NO to a private company holding my precious metal. As pointed out: if you don't hold it you don't own it.

Nap

<< <i>Some day you guys might learn the truth. In the mean time keep chugging that big government Kool-Aid.

I learned my lesson with I was 30 years old. Paraphrasing Winston Churchill, "If you are not liberal when you are young, you have not heart. If you are not conservative when you are old, you have not brain." >>



One of the most blatantly wrongly quoted passages.

There is no record of Churchill having ever said this. Furthermore, if he did, the context was surely the "Conservative" and "Liberal" British political parties.

Now who's drinking the Kool Aid?

Nap

I see no need for this service. I am comfortable with storing tangible assets in a safe box. But I don't see a huge difference than trusting a bank, whose motives are completely profit driven and whose assets are insured by the same much maligned government.

ms71

The exact quote:

"Show me a young Conservative and I'll show you someone with no heart. Show me an old Liberal and I'll show you someone with no brains". - Winston Churchill

Google it. Seems to me like Bill was close enough.

Nap

<< <i>The exact quote:

"Show me a young Conservative and I'll show you someone with no heart. Show me an old Liberal and I'll show you someone with no brains". - Winston Churchill

Google it. Seems to me like Bill was close enough. >>



Please tell me the reference. If you know the speech, book, or newspaper article in which it appears, I'll happily eat my words.

droopyd

And the New York Fed is pretty unsafe too, at least according to that "Die Hard" documentary.

PerryHall

<< <i>Think 1933. >>



Bingo. There are several naïve posters here that must have flunked U.S. History.

OPA

<< <i>

<< <i>The exact quote:

"Show me a young Conservative and I'll show you someone with no heart. Show me an old Liberal and I'll show you someone with no brains". - Winston Churchill

Google it. Seems to me like Bill was close enough. >>



Please tell me the reference. If you know the speech, book, or newspaper article in which it appears, I'll happily eat my words. >>



Often attributed to Winston Churchill., The phrase originated with Francois Guizot (1787-1874): “Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head.” It was revived by French Premier Georges Clemenceau (1841-1929): “Not to be a socialist at twenty is proof of want of heart; to be one at thirty is proof of want of head.”
It has been borrowed by or attributed to many notable figures who lived after Guizot. Variations on this general idea have also been attributed or misattributed to many others, most commonly Winston Churchill, who is not known to have actually made any similar statement.

ebaytrader

<< <i>

<< <i>The exact quote:

"Show me a young Conservative and I'll show you someone with no heart. Show me an old Liberal and I'll show you someone with no brains". - Winston Churchill

Google it. Seems to me like Bill was close enough. >>



Please tell me the reference. If you know the speech, book, or newspaper article in which it appears, I'll happily eat my words. >>




"Not to be a republican at 20 is proof of want of heart; to be one at 30 is proof of want of head"
See page 327 in The Yale book of quotations, Fred R. Shapiro & Joseph Epstein, Yale University Press, 2006 attributed to François Pierre Guillaume Guizot with a variation by French Premier Georges Clemenceau: "Not to be a socialist at twenty is proof of want of heart; to be one at thirty is proof of want of head."

Nap

<< <i>Often attributed to Winston Churchill., The phrase originated with Francois Guizot (1787-1874): “Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head.” It was revived by French Premier Georges Clemenceau (1841-1929): “Not to be a socialist at twenty is proof of want of heart; to be one at thirty is proof of want of head.”
It has been borrowed by or attributed to many notable figures who lived after Guizot. Variations on this general idea have also been attributed or misattributed to many others, most commonly Winston Churchill, who is not known to have actually made any similar statement. >>



Thanks for the research. I have heard the quote attributed to Churchill, which is nonsense, but I didn't know who actually said it.

jmski52

Do You Trust the British Mint to Hold Your Gold? The US Mint?

lol, that's a good one!

BLUEJAYWAY

<< <i>Think 1933. >>

Yes, it would make it a bit easier to "acquire".

410a

In a word...........................NO!!!!!!!!

PerryHall

<< <i>Do You Trust the British Mint to Hold Your Gold? The US Mint?

lol, that's a good one! >>



This was an I.Q. test. I'm glad you passed. A few here unfortunately didn't.

BillJones

<< <i>

<< <i>Think 1933. >>



Bingo. There are several naïve posters here that must have flunked U.S. History. >>



What people do not realize about FDR's gold surrender executive order is that he did it on his own based upon a law that had been passed during the First World War that been passed during different circumstances. Congress passed a law later that supported FDR's action, but so far the initial confiscation was concerned FDR did it on his own. In an age when the Attorney General of The United States has the gall to tell a group of states attorney generals that they have "the right" to ignore laws that they don't personally support, I would not put anything past the current leaders.

TwoSides2aCoin

I made a $2.50 deposit and they credited my account with $2.50

Great deal.



The problem is I got forty hours work in , with no benefits.