Physical Gold and Silver, in your possession, are some of the very few assets that have no corresponding liability or counterparty risk.
Here's what this means:
Money in your checking account or brokerage account is an asset to you but it is also a liability to the bank or brokerage that owes you the money. When someone owes you money, there is always the very real risk that they will default on their obligation to you. This is what is currently happening in the financial markets as we speak.
When you own physical gold and silver in your possession nobody can go bankrupt on you. Read that last sentence again in light of current market developments.
The current financial system is cracking and there is a very real possibility of a full-blown financial meltdown. If this happens, you will be glad you protected yourself with physical gold and silver. Read the following news story that illustrates what can happen when your counterparty defaults on their obligation to you:
Today's News Story:
Lehman Hedge-Fund Clients Left Cold as Assets Frozen
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Trust in Gold
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