[chalst]

> Only funds that you have daily access to need be vulnerable to the latter point

I'm talking about protocol risk: e.g., the software that implements the protocol on some machine is flawed, so the cryptography can be effectively breached. Or there is some issue with the protocol, like but worse than the issue Kaminsky found with anonymity.

>Can you keep N redundant copies of your gold?

Have you ever found that your backups didn't contain what they were supposed to contain?

Gold gets stolen, but besides such things as costume jewellery, I think it doesn't often get lost.