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<p>[QUOTE="medoraman, post: 1355600, member: 26302"]Sorry but that is simply impossible. Any physical asset has a risk of loss. There is no way around it. Even if you don't PAY for your insurance, then you are effectively self insuring. If someone broke in, or heaven forbid, did a home invasion, this gold can be taken from you. This fact of life is true however you physically hold any asset, so therefor a cost that must be factored in to returns.</p><p><br /></p><p>I never said PM was not the preferable method of holding commodities, since they do not spoil, and are concentrated enough to allow significant value to be contained in a small space. I agree they are well suited for the purpose. However, this does not eliminate the ability for them, like any physical asset, to be able to be taken from you physically.</p><p><br /></p><p>Anyone who says, "it doesn't cost me anything to hold PM" is simply not accoutning for this risk. I hope you get lucky in life Fatima and do not have anything bad happen, but tell that to someone who has a breakin to their home, or even have SDB, (which are not insured by the bank), robbed. While physically holding PM has advantages, there are also distinct disadvantages. These security concerns were actually one of the main reasons paper PM was invented.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1355600, member: 26302"]Sorry but that is simply impossible. Any physical asset has a risk of loss. There is no way around it. Even if you don't PAY for your insurance, then you are effectively self insuring. If someone broke in, or heaven forbid, did a home invasion, this gold can be taken from you. This fact of life is true however you physically hold any asset, so therefor a cost that must be factored in to returns. I never said PM was not the preferable method of holding commodities, since they do not spoil, and are concentrated enough to allow significant value to be contained in a small space. I agree they are well suited for the purpose. However, this does not eliminate the ability for them, like any physical asset, to be able to be taken from you physically. Anyone who says, "it doesn't cost me anything to hold PM" is simply not accoutning for this risk. I hope you get lucky in life Fatima and do not have anything bad happen, but tell that to someone who has a breakin to their home, or even have SDB, (which are not insured by the bank), robbed. While physically holding PM has advantages, there are also distinct disadvantages. These security concerns were actually one of the main reasons paper PM was invented.[/QUOTE]
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