"VAULTING" Gold and Silver is a really bad idea in 2020.....

Absolutely agree with everything you have covered in this episode BYB. Thanks for sharing your thoughts.

Big believer of "If you don't hold it, you don't own it".

Coming out of the lockdown, I would like to wish all SMEs all the luck in the world. However, the world will be a different place post-lockdown.

Many SMEs may be forced to change working practices to ensure their survival. Be careful, and do your homework.

I was prepared to rip into this video as your aware I do use a private vaulting facility.  But straight away you cleared that up. And by using this storage dedicated to PM's and Diamonds etc, I am fully insured and everything is in an area that upon appointment I can visit, view, inspect and or take delivery or remove. Following a tonne of paperwork!!! But I can just as easily call and they will remove any items from my property to vault in a very secure umm van. 😎😎😎 

The reason is I am not comfortable owning more than my house and contents in PM's and having them sit in one of many safes I own. Despite all my security.  

We all carry risk but when we get to a certain level we need to insure we make the safest options to protect ourselves snd loved ones. 

3 hours ago, jonrms said:

I was prepared to rip into this video as your aware I do use a private vaulting facility.  But straight away you cleared that up. And by using this storage dedicated to PM's and Diamonds etc, I am fully insured and everything is in an area that upon appointment I can visit, view, inspect and or take delivery or remove. Following a tonne of paperwork!!! But I can just as easily call and they will remove any items from my property to vault in a very secure umm van. 😎😎😎 

The reason is I am not comfortable owning more than my house and contents in PM's and having them sit in one of many safes I own. Despite all my security.  

We all carry risk but when we get to a certain level we need to insure we make the safest options to protect ourselves snd loved ones. 

A measured response, jonrms. I agree with your analysis. It all depends on individual risk profiles. 

Absolutely agree. 

There are alot of other points or points where i spoke to BYB over a year ago now on this exact subject matter that could have been explored in more depth. However in a simplistic form your reply is perfect. Risk + Response = Results of a determined nature.