I’ve seen a lot of stories like this. Someone buys physical gold, and is robbed.
There’s no point in cleverly hiding your gold, if the criminal holds your wife and children at gunpoint, and demands your stash.
However, you can only be robbed like that if the criminal knows you have gold and silver.
That is the problem with State reporting requirements for gold and silver. When you buy physical gold and silver from a State-licensed dealer, they take your ID, and put your name in a database. All it takes is one leak, and you can be robbed for your gold and silver. A dishonest person could have access to the database. The information could be intentionally leaked, to discourage investing in gold and silver.
That’s the biggest problem with buying physical gold and silver. You can be robbed. As long as the transaction is reported to the State, they maintain a list of “people to rob”. Even if you cleverly hide your gold and silver, that does no good if a criminal is threatening violence and demanding your stash.