Faber is talking about gold that is held on account with a broker or depository. If you have a large net worth it is a good idea to spread it around. We prefer starting with physical bullion, in your possession, that you can get to when you need it (a home safe guarded by your security system, attack dog, and shotgun). Nothing beats having your gold/silver within reach.
Thanks for posting this. He mentions holding gold outside the US. Why is that important?
ReplyDeleteHal,
ReplyDeleteFaber is talking about gold that is held on account with a broker or depository. If you have a large net worth it is a good idea to spread it around. We prefer starting with physical bullion, in your possession, that you can get to when you need it (a home safe guarded by your security system, attack dog, and shotgun). Nothing beats having your gold/silver within reach.
Bullion Insider