RealPerson wrote: ↑Tue Sep 15, 2020 12:43 pmFull disclosure: I own a small quantity of bullion gold in a bank vault. Not recommending that, just stating a fact.
I have a question about holding gold in any form other than physically having it in your possession. I heard that a paper certificate of gold ownership, or actually a number of 0s and 1s in a computer somewhere, is not necessarily covered by the actual gold. I.e. if every owner of a certificate asked to take possession of the physical gold, there would not be enough gold to send it to everyone. Is this just another conspiracy theory or is this a valid concern?
Gold: how to hold it (ETF vs account vs physical)
-
- Posts: 875
- Joined: Thu Nov 22, 2012 4:33 pm
Re: Gold: how to hold it (ETF vs account vs physical)
- Alphaville
- Posts: 3611
- Joined: Thu Oct 03, 2019 10:50 am
- Location: Quarantined
Re: Gold: how to hold it (ETF vs account vs physical)
re:conspiracy: risk of fraud much more likely than alien reptile overlord scheme, like with all securities ¯\_(ツ)_/¯
eta:sample: https://bergermontague.com/two-defendan ... -with-sec/
-
- Posts: 2283
- Joined: Sun Mar 20, 2016 6:05 am
-
- Posts: 875
- Joined: Thu Nov 22, 2012 4:33 pm
Re: Gold: how to hold it (ETF vs account vs physical)
I never thought of my rectum as a storage place for gold. Thanks for grossing me out! From now on I will touch any precious metals only when wearing nitrile gloves.
- Alphaville
- Posts: 3611
- Joined: Thu Oct 03, 2019 10:50 am
- Location: Quarantined
Re: Gold: how to hold it (ETF vs account vs physical)
when i was a kid i accidentally swallowed a few coins but none of them were gold
Re: Gold: how to hold it (ETF vs account vs physical)
Have y'all never watched Forest Gump?
-
- Posts: 952
- Joined: Fri Aug 03, 2012 9:05 pm
Re: Gold: how to hold it (ETF vs account vs physical)
You mean Pulp Fiction?
Re: Gold: how to hold it (ETF vs account vs physical)
I don't remember, the one were Christopher Walken tells a story about someone dad's watch.
Re: Gold: how to hold it (ETF vs account vs physical)
That was pulp fiction - the Bruce Willis boxing segment.
- Alphaville
- Posts: 3611
- Joined: Thu Oct 03, 2019 10:50 am
- Location: Quarantined
Re: Gold: how to hold it (ETF vs account vs physical)
so, to answer the original question then: clench?
Re: Gold: how to hold it (ETF vs account vs physical)
We Can all agree that a supo shaped bullion is a good answer if you keep gold in order to escape an area with a currency substitute in case of shtf.
I Wonder if someone could sell rectal safes to preppers.
I Wonder if someone could sell rectal safes to preppers.
- Alphaville
- Posts: 3611
- Joined: Thu Oct 03, 2019 10:50 am
- Location: Quarantined
Re: Gold: how to hold it (ETF vs account vs physical)
lmfao (literally)
due to size/weight though, wouldn’t diamonds transport better? (eta: even though diamonds aren’t “currency”)
due to size/weight though, wouldn’t diamonds transport better? (eta: even though diamonds aren’t “currency”)
-
- Posts: 2283
- Joined: Sun Mar 20, 2016 6:05 am
-
- Posts: 875
- Joined: Thu Nov 22, 2012 4:33 pm