Maybe when you were a child your father gave you his old pennies. And then you began collecting more unique coins, seeking out those rarities that would some day make you rich. It was like a treasure hunt. It was a thrill.
Our local economists claim that the new figures are once again rosy. That July is typically a time when new graduates enter the job market, summer employment starts to wind down so they believe the numbers shouldn’t really be a sign of weakness in our local economy. As an economist by education only, I know how these people crunch the numbers. Apparently the concept of considering all the economic data to make forecast is too troublesome to put into the economic modeling software. The data is rosy, my fanny.
We are not aware of any at all. I hope that does not suggest complacency. We reconcile all our cash statements and bar lists every day, and publish the result on-line. We send statements to all customers monthly. We provide extensive feedback to registered email addresses when things happen on their accounts, and we notify log in to cellphones via our Burglar alarm. There is a subtlety about the Burglar alarm and the mandatory return of cash to a customer’s own bank account which is worth sharing. If a criminal logs into an account the account owner will probably contact us immediately – if their cellphone is switched on.
We charge a monthly fee. It is 0.12% per annum charged monthly in arrears, and it is subject to a $4 per month minimum. You will pay $4 a month if your holding is less than $40,000. $100,000 stored will cost you $10 per month. You can use all three vaults if you wish, as this doesn’t escalate your storage bill. Those fees includes insurance. Gold is very easy to store because there are no complex stock splits, dividends, rights issues etc to administer. It simply sits quietly in a highly secure vault. That’s why our storage rate at 0.12% per annum (less than 1% after 8 years) comes in at less than a tenth of share portfolios which I read recently charge an average of 1.31% per annum in management fees.
If you want to avoid the extra expense of having to plan a trip to Egypt in order to see pyramids, and just happen to be in Rome, then why not take the subway to see a real pyramid? It was built in honor of one of Rome’s top magistrates by the name of Caius Cestius Epulo around a decade before the birth of Jesus Christ. The pyramid of Cestius reaches 100 feet in height and is made of white Carrara marble. Cestius’ edifice eventually became part of the Wall of Aurelian during the 3rd century.
Do not forget to thoroughly inspect a particular dealer’s policies before returning an item. Make sure that once you receive your coin, immediately inspect it for authenticity or damage. The coin you must have must be just as you ordered and what you expected.