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

[RealPerson]

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]

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]

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!

[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]

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

[Jean]

Have y'all never watched Forest Gump?

[Kriegsspiel]

You mean Pulp Fiction?

[Jean]

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

[Campitor]

That was pulp fiction - the Bruce Willis boxing segment.

[Alphaville]

so, to answer the original question then: clench?

[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]

lmfao (literally)

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

[classical_Liberal]

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]

... in case of shtf...

Was the pun intended?