Gyroscopic Investing

For folks in America, opening a bank account at a Canadian bank and storing gold in a safe deposit box there would seem to be an effective approach to geographic diversification. I noticed that in an earlier forum thread this option wasn't highly recommended, and it's not really discussed in Rowland & Lawson's book. Why not? It seems cheaper than the gold storage options in places like Australia, New Zealand, or Switzerland, and relatively easy to put into practice (just take a pleasant vacation north of the border). Am I missing something in terms of legality, safety, or some other factor? Thanks!

How about these two threads?

http://gyroscopicinvesting.com/forum/pe ... /#msg16526
http://gyroscopicinvesting.com/forum/go ... /#msg49286

Seems like we had more threads about this when the price of gold was rising. Same deal for krugs vs eagles vs maples, and all the threads about fakes. Those have largely dried up during this lean year, in which many people seem to be tempted to stray.