home storage #2, how much is 2 much...

home storage #2, how much is 2 much...

I think the following says it all:

Anonymous 8:51pm Jun 30 2011, facebook why buy gold? (and silver!):

"Yes, it's a question of counter party risk on the exchange vs proximity risk and the question of intent for those who know where/how much you have. I don't think the ETFs are going to fail overnight, and I would be willing to have some exposure to them (prefer mining shares really), but retirement accounts that force you to hold those instruments for extended periods of time to avoid penalties are not exactly on my list of things I would like to invest in. Not safe anywhere... sucks... but I guess it boils down to which risk you are more willing to take - the counter party of the exchanges and "funds" defaulting cause of a false paper promise, or your inability to have a physical supply kept somewhere where you know you can get to it and protect it, without revealing to everyone that you have it. It brings up another great point now that you mention it... suppose the shit does in fact hit the fan and you are selling your physical to the locals for other real assets of use to you. Now you've just exposed yourself as the one with the bullion. How do you solve that? Not easy..."

AT LEAST W AN IRA, IF OVER 60.5 ONE CAN CASH OUT, MOVE $ IMMEDIATELY TO NON-IRA AND REINVEST, DURING TRADING HOURS, IF ONE CAN MOUSE CLICK FASTER THAN WHOMEVER...

AND THERE ARE SOME UNDER 60.5, WHO MISTRUST THE GOVERNMENT ENOUGH THAT THEY HAVE TAKEN THE HIT AND GOTTEN OUT (SOURCE MAXKEISER.COM SOURCE, CIRCA JUNE, 2011).

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