gold & precious metals shares ..., page-7

The days of gold being a currency will never ever happen again, add to this there simply ain't enough gold to be used for starters. But I agree gold is a store of wealth but so is cash. So how much would it cost someone to maintain $5m worth of gold in a safe location compared to maintain $5m worth of stock in say CBA or a property? I'd personally go with stock or simply a savings account. All assets have their risks if we want to look at the worst of worst scenarios. CBA could go bust if you've got $5m in a savings account. $5m could be lost in CBA stock if the bank goes broke(very highly unlikely).$5m of gold could be stolen but you have to account for storage costs and a highly possible loss of value or appreciation. Add to this insurance costs. The least risky asset is cash, protected in a savings account.