Executive Summary In order to take delivery of Gold bullion at the lowest possible price investors are opting to take delivery physically of gold futures contracts. They try to get the gold out of the Comex warehouses due to a low price using this method. Investors are having trouble getting their gold from the Comex warehouses. It takes weeks and even months to get the gold out of the Comex warehouse with numerous written inquiries. More restrictions seem to be coming into play. Many brokerages will not help with delivery. Costs involved in getting Comex gold are rising. Some need to retain gold brokers. It is suspected that warehouse receipts exceed the supply of gold in inventory. What else is new?
Afterthoughts We talk to a lot of people who have been storing gold. Then they wake up and say hey I better leave this high tax police state I have been calling home before it is too late. Then they realize they cannot transport their gold easily or at all. Try going out of one of these countries with $500,000 or more in gold and see if they confiscate it for further investigation or just let you leave with it. Then if it is sold inside the high tax country there is a capital gains tax to pay. It is a real problem. Sure we work in nations where gold can be imported easily but getting it out of the high tax police states (there are at least 15 of these) is a big problem.
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