According to Jim OShaughnessy, Founder, Chairman & Co-Chief Investment Officer, OSAM LLCGold, gold bricks in your backyard or a safety deposit box might be somewhat panic proof, but otherwise, during times like this, when people are panicking, no, no asset is risk proof.

People can intellectually understand the risk, but in practice it is really hard to cope with, especially when it comes crashing down so unexpectedly.