Foldable Gold: What It Is and How to Use It for Asset Protection
Have you ever wanted to fold up a bar of gold like a piece of paper and put it in your pocket or file it away for a rainy day? While foldable gold isn't exactly that simple, the basic concept is remarkably similar as a means for asset protection. Foldable gold provides an easy way to store, hold and transport gold without having to carry around heavy metals.
Savvy individuals invest in foldable gold when they want the security of gold and the mobility and liquidity of stocks, bonds or other paper investments. It enables buyers to purchase and invest in substantial amounts of gold without having to store physical bullion or bars at home.
What is Foldable Gold?
While "foldable gold" is not an official title, it is used to describe a variety of gold certificate programs. You can purchase a gold certificate from one of several mints or storage vaults for a certain amount of money. You can purchase 10, 20, 50 or any number of ounces of gold at the current price per ounce. The gold certificate's value will be tied to the price of gold because it is redeemable for that amount of gold bullion.
How Does It Work?
When you buy a gold certificate, you are actually buying gold. The certificate issuer stores your gold in its vault, almost like a bank. This enables it to retain its value against inflationary pressures, and it also protects your gold from theft. Finally, even though the assets are stored offshore and thus tax-exempt, you can nevertheless maintain their value and keep them relatively liquid.
If you purchase your foldable gold from legitimate services, you can redeem your gold certificate at any other legitimate sellers and brokers around the world for cash or even for gold bullion. One of the most popular programs for foldable gold is the Perth Mint Certificate in Perth, Australia, though there are others in Hong Kong and London among other places. Be sure to do your research and choose a gold certificate broker or seller with a good reputation.
Nagel Law & Associates is a respected law firm that focuses on developing asset protection strategies for clients with various levels of wealth. Call the office at 412-200-5115 to find out how we can help you with your financial plans.