While researching umbrella insurance policies this morning, I remembered another reason why physical gold is nice to have in a portfolio: more options in the event of a lawsuit. For most people, 401k's and IRA's have a certain amount of protection against liability judgements. Beyond those protections and the limitations of auto/home/umbrella coverages, your assets are always at risk. The more you have, the more you are a target.
If you have 25% of your assets in physical bullion held in a place only you know about (and perhaps outside U.S. jurisdiction), it's not only easier to make these assets nearly invisible, but also nearly impossible for seizure. Of course, it will be up to your discretion what legal choices you decide to make regarding disclosure, but at a minimum you have options that were not previously available in comparison to, say, TIPS in a taxable account.
As your net worth rises, continue to assess your level of risk and the potential consequences of all "black swan" events.
A hidden benefit of owning gold in a PP
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