The Real Cost of Owning Gold

By Lewis Braham - 2012-09-27T20:30:53Z

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Ever see "Treasure of the Sierra Madre?" Hoarding gold at home can make you paranoid. But even investors who don't keep their gold at home tend to worry. "There's no doubt in my mind that if gold goes as high as I think it will, the government will confiscate it," says Tobina Kahn, a Chicago-based jeweler. Kahn's clients are so angst-ridden about the potential for a socialist Guignol that some now favor diamonds over gold, which they consider less likely to be confiscated. "They ask how many diamonds fit in a suitcase," she says.