View gold as the stock you wanted to own. If you do not presently own gold and you want to protect your holdings, pick an amount monthly to invest in gold. Take possession of that gold. You do not want something “weird” to happen to your gold in the future when the entity holding your gold goes bankrupt or gets “nationalized.” It’s a crazy world we live in. Don’t buy commemorative “coins” by a non-government mint. That is always the worst value in gold. Buy either gold bars from a very reputable firm (FYI – watch out for the fakes. Read THIS ARTICLE!) or buy very popular bullion coins from a government mint. I am a coin collector, and I would recommend against buying collector coins such as old US gold coins for gold investing. You will end up paying a premium in a sharply down market. You want gold with the lowest fees attached.

Again – take possession of the gold. Don’t keep it “on account” somewhere. I know many gold sellers offer that. It’s a strange new world. You don’t want your gold where the asset can be “frozen.”  Read back on the elimination of the gold standard in the US to see that holding this precious metal can be made illegal. The first step in that process would be to freeze gold on deposit with reputable firms.

If you already hold gold what should you do?