My personal view is that you keep the bulk of the gold allocation overseas. Since there are relatively few transactions on it required and no interest/dividends involved it is easiest and it provides the most safety.KevinW wrote: I'm curious about the scope of geographic diversification that people use. Is the idea to have a couple thousand dollars in a savings account as "bug out" money? Or something like 1/3 of all assets?
If the foreign accounts hold cash and gold, do you count those toward your domestic PP? If so how do you handle currency exchange rates? Or do you build a full four-asset PP in the foreign country? Do foreign banks transact in all four assets?
Does it matter whether the country in question speaks your native language? Has anyone researched English-speaking, former UK colonies aside from Canada: Australia, New Zealand, South Africa, Hong Kong, etc.? What about the Phillipines? Or Caribbean banking centers?
I wouldn't trust any Carribean country or any third-world country with my money. I would like it to be in a place with a historically stable government and well established legal system for protecting private property. Hong Kong concerns me simply because of the relationship with China. Although frankly the Chinese are likely to leave Hong Kong alone because it is a major financial center that does nothing but help them. Australia and New Zealand are viable alternatives in some respects. Japan may be as well but I haven't looked at it closely. Same with Singapore. South Africa I think is on the way to becoming Zimbabwe and I would avoid it. Their government is corrupt and incompetent.