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<p>[QUOTE="InfleXion, post: 1309115, member: 29012"]I guess it just depends on the individual. Certainly holding things yourself has a greater risk of common thievery, but having assets held by someone else means you have absolutely no control over the safety, and are putting your trust into that entity to be competent and honest with your dealings. For me personally there is no trust so I feel much more comfortable holding things myself. It actually helps me sleep at night, not the opposite, but to each their own. If I didn't have lead to go with it then that would be a different story, and if all my wealth was off in cyberspace somewhere I would be worried personally. </p><p><br /></p><p>One of the main benefits of precious metals is that there's no counter party risk, no faith required in the backing of an asset with intrinsic value, no trust required or dependency on agencies to remain in existence. It sort of defeats the purpose of this to have someone else hold it for you, although I suppose it would be prudent to have people you trust hold a bit for you so it's not all in a central location.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1309115, member: 29012"]I guess it just depends on the individual. Certainly holding things yourself has a greater risk of common thievery, but having assets held by someone else means you have absolutely no control over the safety, and are putting your trust into that entity to be competent and honest with your dealings. For me personally there is no trust so I feel much more comfortable holding things myself. It actually helps me sleep at night, not the opposite, but to each their own. If I didn't have lead to go with it then that would be a different story, and if all my wealth was off in cyberspace somewhere I would be worried personally. One of the main benefits of precious metals is that there's no counter party risk, no faith required in the backing of an asset with intrinsic value, no trust required or dependency on agencies to remain in existence. It sort of defeats the purpose of this to have someone else hold it for you, although I suppose it would be prudent to have people you trust hold a bit for you so it's not all in a central location.[/QUOTE]
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Something about taking possession of your gold..
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