Gold: how to hold it (ETF vs account vs physical)

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RealPerson
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by RealPerson »

RealPerson wrote:
Tue Sep 15, 2020 12:43 pm
Full 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?

Alphaville
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Alphaville »

RealPerson wrote:
Wed Sep 16, 2020 8:16 am
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/

classical_Liberal
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by classical_Liberal »

Jean wrote:
Wed Sep 16, 2020 8:14 am
I once realised that my whole networth could fit in my rectum if converted to gold, but i don't know if it would be confortable or safe to carry it that way and i don't wan't to try.
After this comment you'd never be able to sell it again anyway! :lol:

RealPerson
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by RealPerson »

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
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Alphaville »

when i was a kid i accidentally swallowed a few coins but none of them were gold

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Jean
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Jean »

Have y'all never watched Forest Gump?

Kriegsspiel
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Kriegsspiel »

You mean Pulp Fiction?

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Jean
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Jean »

I don't remember, the one were Christopher Walken tells a story about someone dad's watch.

Campitor
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Campitor »

That was pulp fiction - the Bruce Willis boxing segment.

Alphaville
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Alphaville »

so, to answer the original question then: clench?

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Jean
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Jean »

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.

Alphaville
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by Alphaville »

lmfao (literally)

due to size/weight though, wouldn’t diamonds transport better? (eta: even though diamonds aren’t “currency”)

classical_Liberal
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by classical_Liberal »

Jean wrote:
Thu Sep 17, 2020 10:18 am
I Wonder if someone could sell rectal safes to preppers.
Make it double as an incontinence product, and I think you are on to something!

RealPerson
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Re: Gold: how to hold it (ETF vs account vs physical)

Post by RealPerson »

Jean wrote:
Thu Sep 17, 2020 10:18 am
... in case of shtf...
Was the pun intended?

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