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.
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I never understood why people bought gold stock as a “safety plan”. Exchange paper for paper. The fact that all of these gold buying companys popped up over night should have made if very obvious you should keep your gold.