I think everyone is feeling a little uneasy about this. But what is the alternative? Turn 1 mill into gold and bury it in the woods somewhere? If a bank employee sells the information to some criminal the person's life can be in danger. They kill for far less than $1mill.
You can put the money in gold where it's a lot more safe than the woods.
Comapnies such as Goldmoney.com allows you to buy, sell and store precious metals in their vaults. They are a debt free company, insured and their holding are independenly audited by a third party.