Scott Schamber is the Partner & Managing Director of BFI Bullion, where he leads a team specializing in the purchase and secure storage of physically allocated metals in Switzerland. Since joining BFI in 2002, Scott has played a key role in the firm, most recently heading the relationship management and client advisory team. In addition to his work with BFI Bullion, Scott is also the co-editor of the “Digger Quarterly” and a contributor to the BFI Capital Group blog. Prior to his time at BFI, Scott gained valuable experience as a supervisor at a major U.S. insurance company in Milwaukee, Wisconsin.In this episode, Philip and Scott Schamber discuss: Gold as a crisis hedgeProtecting your assetsPreserving your wealth against volatility and uncertaintyKey Takeaways:Gold is historically significant and has been used as money since the ancient times. Its scarcity makes it a reliable store of value. Physical gold can be useda as a crisis hedge, especially in times of economic uncertainty. Diversify your portfolio and have assets outside your home country as a safety measure against political concerns and civil unrest. Stay informed about potential economic and political changes and have a backup plan to preserve your wealth. Gold can be used as a downside protection in a diverse investment portfolio. There is a huge difference between investing in physical gold and using EFTs or mutual funds that invest in precious metals. Having physical gold is good for long-term wealth preservation and to hedge against market volatility and economic uncertainty. “Gold has been money for 6000 years. There's only so much amount of gold - it will always have value.” - Scott SchamberConnect with Scott Schamber: LinkedIn: https://www.linkedin.com/in/scottschamber/?originalSubdomain=chConnect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ 

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