Gold News

Thundering Berks

Can you imagine? People with something to lose are demanding physical Gold Bullion to defend their wealth...

PERHAPS YOU missed it too, but the thundering herd of Merrill Lynch just spotted a badly-kept secret...

Investors and savers with something to lose are choosing physical gold to help protect their wealth.

A shock revelation? Apparently so on Wall Street!

"People are genuinely worried about what the world is going to look like in 2009," said Gary Dugan, chief investment officer for the US bank and its famous army of advisors, to The Daily Telegraph last week.

"It is amazing how many clients want physical gold, not ETFs," he gasped, citing the still-popular exchange-traded Gold ETFs that give you paper – not gold – through a trust-fund structure built on counter-party and balance-sheet risk.

"They are so worried," Dugan added in awe of these wealthier charges, "I never thought I would be getting calls from clients saying they want a box of Krugerrands."

Two fresh concerns leap out from Wall Street's sudden moment of clarity:

  • First, why is Merrill Lynch so amazed by its clients' No.1 aim – not losing their wealth?
  • Second (if not more pressing), just what kind of mark-up does Merrill Lynch charge for selling gold Krugerrand coins?

Not being a client of Merrill's, I can barely guess at the fees. But I know for certain that your costs will be very much lower if you buy (and sell) gold live online here at BullionVault.

This simple, ultra-safe service "cuts the costs of gold ownership dramatically," as the Financial Times puts it. The Telegraph calls BullionVault "the most secure way to invest in physical gold" too. Which might appeal if you're looking to defend your wealth today.

Because even before the credit bubble went bang, a US study of 2006 found that "Not losing everything" was the primary worry for almost 90% of high-net worth individuals (Cultivating the Affluent Client, CEG Worldwide).

Yet incredibly, when asked if just one-in-five of their clients worried about losing their wealth, a mere 15% of the financial advisors surveyed thought that might be true.

To learn more about BullionVault now, keep reading if you are Ready to Buy Gold...?

Adrian Ash

Adrian Ash, BullionVault Gold News

Adrian Ash is director of research at BullionVault, the world-leading physical gold, silver and platinum market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and he has now been researching and writing daily analysis of precious metals and the wider financial markets for over 20 years. A frequent guest on BBC radio and television, Adrian is regularly quoted by the Financial Times, MarketWatch and many other respected news outlets, and his views from inside the bullion market have been sought by the Economist magazine, CNBC, Bloomberg, Germany's Handelsblatt and FAZ, plus Italy's Il Sole 24 Ore.

See the full archive of Adrian Ash articles on GoldNews.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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