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Physical risks

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By physical risks, I don’t mean that you may hurt your back from picking up precious metals (heavy metal is a different animal altogether). It just means that if you have gold in physical form, you have to understand that having it has risks, as does owning any valuable property. You have to keep it in safekeeping. For some, that means keeping your physical metals (such as gold, silver, and platinum) possessions in a safe-deposit box at the bank. For others, it means keeping them in a secure hiding place at home. For still others, it means getting storage with vendors such as bullion dealers.

You have to decide. Gold as a physical holding means you have to be concerned about the risk of loss or theft. Then there’s the relative risk — what if your relative finds out? Removing some risk always means common sense. After all, if gold hits $3,000 an ounce, I don’t think you should be boasting about your investing skills at the local bar.

Investing in Gold & Silver For Dummies

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