The price of gold in Canada has risen about 48 per cent over the past year, which is why one local Costco store recently sold out of its entire stock of gold coins.
Dave, who asked that his last name not be used to lessen his chances of getting a visit at home from someone who wants to own gold but not pay for it, also يعرف people who keep gold behind the drywall in their house, and one who keeps it in his sock drawer.
He doesn’t advise against that, in part because he’s heard multiple stories about banks wrongly reallocating safe deposit boxes by accident.
“I know somebody who went to open a box at a bank, they gave him a box, he opened it up and there was already gold in there,” Dave said. “It was somebody else’s. And safe deposit boxes are not insured, either, so if something like that happened, you’d be out of luck.”
But if you’re putting gold under your underwear, “it’s a good idea to let somebody know where it is.”
The price of gold in Canada has risen about 48 per cent over the past year, which is why one local Costco store recently sold out of its entire stock of gold coins.
“Gold stock is basically held on your behalf by a broker, and unfortunately a lot of the gold stocks or gold contracts out there are not actually backed by the real metal, they’re not one hundred per cent backed,” Dave explained.
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