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While I somewhat agree, there's likely some irony in the upvotes since this is a mantra more often said than done. How many here self custody their gold? The p
by trompetenaccoun 4y ago
While I somewhat agree, there's likely some irony in the upvotes since this is a mantra more often said than done. How many here self custody their gold?
The problem is exactly the same as in crypto, where they also say "not your keys, not your coins": You can self custody and it's 100% yours, until someone takes it off you and then it isn't. Trusting third parties is a risk, but so is taking care of your own security. In reality it depends a lot on the situation, you have to weigh the pros and cons of different strategies. As always, it's a lot more important that people are informed, not that everyone follow the same advice. A computer illiterate person who has no idea what a private key is better just leave their coins on a reputable exchange (obviously not Binance). And if I had no place to safely store my gold, I'd not take the risk of self custody with any substantial amounts.
- HideousKojima 4y ago>How many here self custody their gold? I'll have you know I keep all 1 ounces of silver that I own in my physical possession