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My understanding is that holding physical gold is a big hassle when you want to sell. Sensible buyers will want to verify that it is real and not gold-plated tu
by eva_cananim 3y ago
My understanding is that holding physical gold is a big hassle when you want to sell. Sensible buyers will want to verify that it is real and not gold-plated tungsten.
Fake gold bars are common.
If you want to hold gold as a hedge against high inflation then you want "good delivery" gold, which stays in a vault with chain of custody records.
- ZiiS 3y agoUnless high inflation topples the banks.
- SilverBirch 3y agoAnd if the banks topple... good luck finding someone who will take your gold.
- L_226 3y agoI think you mean "finding someone who will pay you for your gold". WROL means people will just be looting your corpse.
- manonthewall 3y agoYep they will be converting a couple hundred grams of lead into a gold fortune if society collapses if they're aware you're hoarding it :(
- koheripbal 3y agoIf one bank collapsed you can collect your non-can assets because they are custodians not owners. If the entire system collapsed then you should be holding food, not gold.
- BeFlatXIII 3y ago> If the entire system collapsed then you should be holding food, not gold Or hoard bullets and high explosives to redirect food from the rubes who collected gold.
- 0cf8612b2e1e 3y agoThat’s exactly my question as well. If you turned around and immediately tried to sell the bar, what kind of loss is likely? The dealer is not going to trust a random lump of gold is legit, so they have to have some testing/risk to hedge.