Gold's role as a 'safe haven' asset in times of uncertainty is widely acknowledged, but according to the chief executive of The Pure Gold Company, it's all about how you hold it.
Physical stores of the precious yellow metal could prove far superior to the other growing varieties of gold holdings, Josh Saul told CNBC Friday, highlighting its security and tax benefits.
He also noted the metal's attributes as a hedge against unpredictable monetary policies, economic risks and cyber-attacks.
These benefits are also what have caused gold to evolve from the somewhat antiquated bullion vaults of old, however. It is now available in various forms, including electronically and via exchange-traded commodity funds (ETCs).
Germany's Bundesbank is one of the biggest gold holders in the world. Saul said this points to the significance of having the physical metal as a cash reserve.
Reference: CNBC
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