Guest Post by Jeff Thomas
Recently, an eminent gold advisor, whom I know and have a high regard for, stated that holders of precious metals would be well served by keeping their metals in a remote location, saying, “Distance equals security.” (He lives in the US and recommends storage in New Zealand, as it’s as far away from him as possible.)
Another prominent metals advisor, whom I also know well and respect, contacted me after the release of this statement to say that he doesn’t necessarily agree with the idea, even though he himself stores gold in a country outside his own.
So, what’s the real answer? Is the investor better off keeping his metals as close to home as possible or as far away as possible?
Well, the answer should not be defined by distance at all. It should be defined by accessibility and safety.
Continue reading “How Close Should Your Wealth Be?”
