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Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Wed Sep 16, 2020 8:16 am
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?
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Wed Sep 16, 2020 9:10 am
by Alphaville
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/
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Wed Sep 16, 2020 3:29 pm
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!
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Wed Sep 16, 2020 6:37 pm
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.
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Wed Sep 16, 2020 8:36 pm
by Alphaville
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)
Posted: Wed Sep 16, 2020 10:48 pm
by Jean
Have y'all never watched Forest Gump?
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 6:23 am
by Kriegsspiel
You mean Pulp Fiction?
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 8:06 am
by Jean
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)
Posted: Thu Sep 17, 2020 8:22 am
by Campitor
That was pulp fiction - the Bruce Willis boxing segment.
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 9:48 am
by Alphaville
so, to answer the original question then: clench?
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 10:18 am
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.
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 10:37 am
by Alphaville
lmfao (literally)
due to size/weight though, wouldn’t diamonds transport better? (eta: even though diamonds aren’t “currency”)
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 1:20 pm
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!
Re: Gold: how to hold it (ETF vs account vs physical)
Posted: Thu Sep 17, 2020 1:47 pm
by RealPerson
Jean wrote: ↑Thu Sep 17, 2020 10:18 am
... in case of shtf...
Was the pun intended?