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Keep in mind that no investment or asset is without risk, as you find out in Chapter 4. Everything has risk. Life itself is risky. Getting out of bed is risky. Heck, I got out of the bed on the wrong side this morning, but my bed is next to a wall (I moved it away from the stairwell).

Gold and silver certainly have advantages (from a risk point of view) when compared to many assets, paper or otherwise. But gold and silver have risks, too. Here are the two major ones:

 Theft: If you own physical gold and silver, it can be taken from you, so find out about safekeeping ideas. Resources in Appendix A can help.

 Government seizure: This can be an issue given the type of government it is or if the times are risky. During the Great Depression, gold ownership by private citizens was banned as Franklin D. Roosevelt’s administration implemented gold confiscation. Also, governments that are communist or socialist commonly seize private property (it’s called “nationalizing” or “socializing”).

The bottom line is that the prudent investor learns about the benefits and risks of as many common investments as possible and applies reasonable strategies of diversification. Yes, have a diversified mix of stocks, cash, mutual funds, and so on, along with some gold and silver. For investment approaches and strategies with gold and silver for your situation, head over to Chapter 3.