Our club is exploring possibility of buying gold in order to
balance our portfolio. Here's a question that came up in
our meeting that I need some feedback on.
If the club owns say 10lbs of gold(coins or bar) and a
member wants to withdraw. The member requests to have some
of their payout in gold. How can that be equally and fairly
distributed?
Hmmmmmmmm.

Wayne (03)Edwards wrote:
> Our club is exploring possibility of buying gold in order to
> balance our portfolio. Here's a question that came up in
> our meeting that I need some feedback on.
> If the club owns say 10lbs of gold(coins or bar) and a
> member wants to withdraw. The member requests to have some
> of their payout in gold. How can that be equally and fairly
> distributed?

Not sure what your club agreements says, but in most clubs,
the remaining members decide how to pay the withdrawing
member, cash, stock shares, in your case gold, or a
combination.

Wayne (03)Edwards wrote:
> Our club is exploring possibility of buying gold in order to
> balance our portfolio. Here's a question that came up in
> our meeting that I need some feedback on.
> If the club owns say 10lbs of gold(coins or bar) and a
> member wants to withdraw. The member requests to have some
> of their payout in gold. How can that be equally and fairly
> distributed?
> Hmmmmmmmm.

You could always buy gold etf. It trades like a stock with
the benefits of gold
http://finance.yahoo.com/q?s=GLD&d=t