Gold is always a trade-off between convenience and safety. Having everything in ETF form allows you to participate in gold's performance benefits during normal times, but you miss out on its "disaster insurance" qualities.
I would recommend beginning to accumulate physical gold slowly, say, a single a coin here and there. Put half in a safe deposit box and keep half in a safe in your home. I would wager that the number of people here who follow the advice to store some gold out of your home country is actually fairly low, myself unfortunately included. Again, it's all about that balance of safety and convenience, and only you can know the right mix for yourself.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
Gold in a safe deposit box is good enough for most people most of the time. I would use this as a starting point if possible for at least a portion of your gold allocation.
It's simple, cheap and very secure.
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frugal wrote:
Please help with your valuable commentaries and opinions.
With my best regards!
Buy gold coins with 25% and hold the other 25% overseas in whatever forms. You won't have any rebalancing issues from what I understand.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
There is no ideal world
My compromise:
SPDR Gold, ZKB Gold EFT (EUR), ETFS Physical Swiss Gold Trust ETF (SGOL), about 70 %
Boullion vault, about 20 %, that's really nice, altough I really don't know how secure it is.
Coins, about 10 %
Last edited by Thomas Hoog on Fri Jan 25, 2013 10:42 am, edited 1 time in total.
