There is an Australian exchange traded bullion-backed security - the ticket is ETPMAG. More info: http://www.etfsecurities.com/msl/etfs_physical_silver_au.asp
Peter Schiff - the biggest gold bug of them all - holds gold at the Perth Mint and resells it to his clients.
I suppose whether you want to take delivery of large quantities of bullion yourself depends on whether you buy in to the doomsday scenarios that are so intertwined with the gold story at the moment. Or whether you just think gold is a good investment given the economic conditions.
Something tells me that your gold stash getting robbed is probably more likely than any scenario that would prevent the Perth Mint from delivering your gold.
Given a complete collapse of the financial system, I suppose gold and silver could be used for barter eventually, but in the initial stages your toilet paper would probably be worth more.
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