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<p>[QUOTE=&quot;myownprivy, post: 4002930, member: 84588&quot;]You can say that, but I don&#039;t think this really falls into that tinfoil hat area. </p><p><br /></p><p>People who buy bullion do so on the margins of normal. Let&#039;s start with that. We&#039;re dancing on a fine line between normal and paranoid. But I&#039;d argue it&#039;s the amount of bullion you own even more so than your reasons for owning it that determine which side of that line you&#039;re on.</p><p><br /></p><p>When you put money in the bank, your deposit is FDIC insured, but it&#039;s also transparent to the federal government in exchange for that insurance safety. As long as you are following the law and paying your taxes, you get protection for your money in exchange for being an upstanding citizen. </p><p>Your cash deposits at banks, stored in USD, are also vulnerable to how our country manages its currency and how the rest of the world views it. While we are the strongest currency in the world and likely will be for all of our lifetimes, that&#039;s not quite a guarantee. So, again, in exchange for us keeping our money in US dollars, deposited at a US bank, the federal government protects our money from bank failure. </p><p><br /></p><p>I don&#039;t think it&#039;s tinfoil hat territory for a person to not have complete faith in that trade off I described. Not all of us trust the government completely. Not all of us follow the laws 100% and have never lied on our taxes. Not all of us believe our economy is wonderful and will always be managed correctly.</p><p><br /></p><p>For those reasons and all sorts of others, some of us put some of our US dollars into gold and silver. But in exchange for the anonymity that comes with owning bullion and the separation from the USD system that comes with owning bullion instead of cash, we sacrifice the piece of mind that comes from FDIC covering our cash deposit and/or that comes with purchasing a rider to our HOA policy to cover our bullion.</p><p><br /></p><p>So having said all of that, that leads us to this topic. So, you&#039;ve decided to buy bullion, now how will you protect it? It&#039;s not covered by FDIC. There&#039;s no investment manager who is a fiduciary handling this for you. There is no HOA covering your bullion. It&#039;s YOU, and only you protecting your bullion. </p><p><br /></p><p>I say it&#039;s perfectly rationale for a normal person to have concerns about our tax laws, our government, and our economy. And with that concern, putting 5-10% of their assets into bullion. However, if your concern with our tax laws, our government, and our economy is greater than 10%, you might need a tinfoil fat, because you&#039;re looney tunes. There&#039;s reasonable concern, and there&#039;s paranoia.[/QUOTE]</p><p><br /></p>

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