Hi
I own Krugerrands. I own them for a number of reasons.
* Paper investments in gold, such as gold shares, warrants and ETF are very dangerous in financial crises.
* Gold accounts, again not good.
* Cheapest way to own gold safely
* I believe we have entered the worst financial crises in history
Think about it for a moment, if the world banks are surpressing the gold price by lying about how much gold they have then you cant trust them to hold gold for you! Remember that ETF and gold shares are paper they are not the real thing, thats right guys you basically own an IOU from the very banks that, a lot of you say, are lying about how much gold they have! So when you cash it in I wonder if they will be worth anything?
Gold Accounts same problem: Have you seen your Gold in those vaults? Have you seen the paper work, does the amount of gold balance with their clients amount, or is it less as some seem to believe? Also remeber if currency goes out the window because the FED printed more money than it should, then how will your redeem your gold?
The point is if you believe that the majour banks have less gold than they actually have, then how can your paper, saying that you own x amount of gold of said bank, be redeemed? I believe this, thats why I own gold out right. However please remember what happened the last time gold went through the roof, it became political! So it might be wise to own gold in another country, never have your wealth in the same country when a financial crises hits. The good old government will try and take it from you LEGALLY! And when its gold whooooo. I also believe that we are facing the worst crises in modern history. If you ask a private investor who has been investing for 50+ years will tell you, the situation now has never been seen. This is unchartered waters. 'May you live in interesting times'.