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<p>[QUOTE="medoraman, post: 1308975, member: 26302"]I agree completely. Besides the buy/sell spread if you buy physical PM, the second greatest problem with PM is security. Where would you keep this PM? In a SDB its safer, but not perfectly safe as the bank does not insure the contents and bank robberies have been known to happen. At home the incidents of thefts are MUCH higher, even in safes with home invasions happening now. Just how do you protect your life savings if its in PM? If I wished to have my retirement in PM I would trust a facility like the CME more than any other place, since they are insured, have a full time staff to ensure security, and have a reputation to uphold.</p><p><br /></p><p>Truth be known this is the greatest advantage of "paper assets", and why the financial world has moved that direction. People forget how many people have had their entire life ruined by a theft in years past. How quickly we forget how easy it used to be for a couple of outlaws with guns to completely destroy a family's fortunes in 5 minutes, and after a lifetime of work and savings make them destitute. Having a few hundred thousand sitting in US Treasuries in your account prevents this from happening.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1308975, member: 26302"]I agree completely. Besides the buy/sell spread if you buy physical PM, the second greatest problem with PM is security. Where would you keep this PM? In a SDB its safer, but not perfectly safe as the bank does not insure the contents and bank robberies have been known to happen. At home the incidents of thefts are MUCH higher, even in safes with home invasions happening now. Just how do you protect your life savings if its in PM? If I wished to have my retirement in PM I would trust a facility like the CME more than any other place, since they are insured, have a full time staff to ensure security, and have a reputation to uphold. Truth be known this is the greatest advantage of "paper assets", and why the financial world has moved that direction. People forget how many people have had their entire life ruined by a theft in years past. How quickly we forget how easy it used to be for a couple of outlaws with guns to completely destroy a family's fortunes in 5 minutes, and after a lifetime of work and savings make them destitute. Having a few hundred thousand sitting in US Treasuries in your account prevents this from happening. Chris[/QUOTE]
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