The Real Cost of Owning Gold May 30, 2012 – Posted in: Press

by Lewis Braham
Published Wednesday, May 30, 2012
Bloomberg News

The House of Kahn Estate Jewelers is proud to be featured in Bloomberg News, one of the most trusted news sources worldwide. Tobina Kahn, Vice President of House of Kahn Estate Jewelers, provides an interesting outlook on Gold and its future. Please click the excerpt below to read the full article:

ANXIETY

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.