There is one main reasons for buying Physical Gold and Silver with cash.
This reason is because, by paying cash, you make it very difficult for the Government to know exactly what you own. This becomes VERY important if and when the Government decides to ban ownership of the metals.
Don’t think that this will ever happen??? ………Think again!
It happened here in the United States of America in 1933. President Franklin D. Roosevelt signed Executive Order 6102 criminalizing the possession of monetary gold by any individual, partnership, association or corporation.
It is now being considered in India….The Finance Minister of India, in the wake of the demonetization of the 500 and 1000 Rupee notes, is said to be “considering imposing limits on domestic Gold holdings.”
The sad fact is that we are experiencing a world wide financial melt down of fiat currency, not just in India, Uruguay, Austraila and Spain. It is only a matter of time before we see a huge rush to the only true store of value, Silver and Gold as we just saw in India.
When this happens, you will see prices go parabolic and the physical metals will be VERY costly to get…… If you can get them at all. When this happens, it is only a matter of time before the Government tries to ban ownership and requires all citizens to turn in their Silver and Gold.
THIS IS WHY YOU NEED TO PAY CASH AND HAVE NO RECORD OF THE GOLD AND SILVER THAT YOU OWN!!!
Happy investing!!! ( And preparation for the coming financial collapse!!! )