This is a lesson some learn the hard way. Even in March 2020 the market for the two was drastically different. In a full economic collapse an exchange to trade in paper may be inaccessible, it may be confiscated by the government for the “national interest”, or the paper deemed flat out worthless if there’s fuckery by whoever is holding the metal.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (31)
sorted by:
Possession is 9 tenths of the law, and if you buy physical you have receipts to show it and the actual product. Any other claim to it is meaningless.
Usually. But when push comes to shove, governments have a habit of declaring it to be theirs. The US government has even done this in the past. At that point your ability to own it is linked to your ability to conceal it.
Physical purchases are crucial, especially if we want to stop the manipulation and punish the banks. The more we the people hold, the less the banks have to work with to manipulate.