Same for silver. If the market crashes and silver / gold spike, people are going to try and cash their fake gold / silver paper, only to find out it never existed. IMHO.
I agree. I have a friend who told me she converted her child's money into gold.. I asked more questions and turns out it's paper.. I was like.. hmmm how do you know it's really gold. That didn't seem secure.
My guess is there is more paper gold than physical gold.
Same for silver. If the market crashes and silver / gold spike, people are going to try and cash their fake gold / silver paper, only to find out it never existed. IMHO.
I agree. I have a friend who told me she converted her child's money into gold.. I asked more questions and turns out it's paper.. I was like.. hmmm how do you know it's really gold. That didn't seem secure.