Compared to the magnificent security of an online trading account for example or the e-banking of your bank? Both have been hacked multiple times in the last years.

It's more likely your bank gets hacked than robbers coming to crack your safe lol. These crazy arguments start to become very amusing.

Update on the status of the "repatriation-effort" of the German Bundesbank-gold in the US:

http://www.spiegel.de/wirtschaft/soz...a-1068861.html

"Only 300 (of more than 1500) tonnes will be repatriated from the US in the end".

One should not forget that Germany is an occupied country!!

Why the Regime Hates Gold (Debunking Anti-Gold Propaganda)

it will be interesting to see how the gold price responds to the next fed hike. assuming of course if the fed hikes on a schedule that everyone thinks they will...

time to put down your markers: Gold price prediction

OK on that. I worked in an embassy when they switched from mechanical to electronic safe locks. (I still have a VHS promotional tape from the manufacturer: "Nothing can go wrong ... nothing can go wrong ..." Like the old joke about the broken-record loudspeaker announcement on the first self-piloting airplane flight.)

Suffice to say, something did go wrong and the safe would not open. The embassy called in a tech security guy from the ministry back home and he opened it in minutes: apparently he knew just where to drill and what to do.

I had a key-operated floor safe in a former house and it somehow locked itself. It took the locksmith who sold it to us minutes to get it open.

But in the case of the Rondo the burglars will first have to find it. It's a demolition job with very little room to work in. And in the end, for a couple of ounces of gold (bought in 1961, so cheap) and some inherited jewelry not worth the trouble. If they know that in advance.

(True, a gang of thieves thought to be from Eastern Europe broke into the basement storage rooms of our building once. But our safe isn't there: mostly stuff brought over from Costco and bought in gross lots.)

If I had valuable stuff I'd install Internet-linked cameras and an app on my iPhone to beep upon a break-in.

Yes the 1 million CHF overnight rated safe at work was made in 1973 & has got drill marks, so it has been opened in the past. It's dual combination & key.

I thought you were retired on a Mediterranean Island?

So did I, however I have done a few days here & there. As the only person who knew the combination it was inevitable I would get a call

I've read the last 3 pages of this thread and dear me, the tinfoil hattery is approaching the looney bin levels of zerohedge.

FWIW I'm stocked on guns, bullets and canned peaches so I await the collapse of the western civilization well prepared.

Are those cans gold plated?

Gold price (in US$) is creeping up back towards 1,200!

Daily Telegraph is forecasting a major worldwide recession

Certainly it seems the central banks are all moving towards ever more negative interest rates. Maybe even the Fed will have to reverse course

A number of major countries seem to be sliding downwards economically including most the South American countries plus Japan, Russia, Turkey and Saudi Arabia - it is claimed that even China is burning around 100Bn US$ monthly from their reserves.
EU is also not looking financially healthy.

Switzerland is looking OK so far but if we burn the EU bilaterals then who knows where next?

Anybody know a good source for canned peaches?

So buy some gold for insurance (a 10% diversification)

Was over 1200 today for a short time!

Investors 'go bananas' for gold bars

The Telegraph reports...
...buyers "queue round the block" to purchase the precious metal
Well, waddayaknow !!

Gold is up almost 20% from last year's lows, so with perfect 20/20 hindsight it would've been a good trade!

Then again it is still down 35% from the 2011 highs, so with a bit less of hindsight it would've been a bad trade...

The world history of paper money is virtually 100% loss. Almost every paper currency which ever existed became worthless at some point, and stayed there. The few currencies which circulate today have lost 70% to 99% of their original buying power. They are on a road to zero. The USA has defaulted 3 times, twice in the last 100 years.

Since the beginning of time, man has been able to buy something of value using gold. That's as true today, as it ever was. Even the world's biggest dis-believer in the value of gold would take my gold in exchange for something valuable if he thought it was a good trade.

50, 100, 1'000 or 10'000 years ago an ounce of gold would buy you a lot of bread, beer, girls or paper currency. That's as true today as it ever was. Try buying any of those things with German ReichMarks, Confederate Dollars, or any of the thousands of expired currencies.

The worlds longest surviving currencies, the US dollar, the Pound Sterling and the Netherlands guilder (now converted to euros), Indian Rupee and Japanese Yen are worth but a tiny fraction of their original value.

Try spending bank notes printed in 1970 from virtually country on the planet. At best you will get the value as a collectors item, usually far less than they were worth at the time. Currencies like the Yougoslav Dinar, Zimbabwe dollar, Brazil cruzado, Albanian lek, Serbian dinar, Latvia ruble, Oman rial, Argentine peso, Russian ruble, Bahrain dinar, Peru inti, and hundreds more have become worthless in the last 50 years.

I'm off to dig a big hole in my garden to bury my Vrenelis, Pandas, Sovereigns, and Krugerrands. I think if the sh*t hits the fan I will still be able to barter the gold for beer, bread, and all the other things a man needs.

So don't hold cash, hold stocks rather than gold.

Last time I looked the stock markets were in free fall.