| GoldMoney
guarantees: Absolute ownership, THIS IS NOT PAPER GOLD. You, not GoldMoney, are the absolute owner of your gold and silver. GoldMoney stores it securely on your behalf. When you purchase precious metals through your GoldMoney account, you actually hold and own the metal in your name. GoldMoney is not a "paper gold" product, which means that your gold ownership is not dependent upon an exchange traded fund's (ETF's), certificate issuer's or pool account operator's ability to obtain and redeem metal for you when you want to sell it. Nearly all of these types of "paper metal" programs work on a fractional reserve basis, so if the majority of the program's customer wanted to redeem their metal for cash, the program operator would not be able to meet all of its obligations. In other words, "paper metal" products represent merely a promise to pay metal; they are not products that give you direct ownership of metal, and therefore expose you to counterparty risk since you are dependent upon the program issuer's ability to meet all of its obligations. Contrary to the fractional reserve nature of "paper metal" programs, the quantity of customer metals recorded in GoldMoney's database is always equal to the quantity of metals in the vaults. GoldMoney guarantees it. OPEN YOUR FREE GOLDMONEY ACCOUNT TODAY.
- GOLD NEWS - gold and another great depression, JANUARY 15 2009
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All articles on this website are result of personal researches. This is not financial advice and you should not consider it as such. All investments involve risk and you should always consult your financial advisor before placing yourself in a position of risk. While best efforts have been made in preparing these articles, you should always validate and research the facts yourself. |
