Kind of defeats the entire purpose of having gold or silver though. Cuz you'r gold and silver are still held in a custodial service. If the custodian decides to steal your assets, I mean he already has them. It's like buying gold or silver on the stock market, you don't actually have gold or silver you just have a promissary note that says that it's yours, like an old greenback.
If I could store my assets in a non-custodial manor like a safe we're only I have the combination or the key, that's significantly more secure because then if somebody wants it they have to come get it.
That's why I like my private wallets. They're non-custodial so for somebody to steal my crypto they would have to bust into my house and steal my recovery keys.
I live in Canada so this is something I think about because my prime minister and deputy Prime Minister and finance Minister of all decided that they can just steal your money whenever they want.
Kind of defeats the entire purpose of having gold or silver though. Cuz you're gold and silver are still held in a custodial service. If the custodian decides to steal your assets, I mean he already has them. It's like buying gold or silver on the stock market, you don't actually have gold or silver you just have a promissary note that says that it's yours, like an old greenback.
If I could store my assets in a non-custodial manor like a safe we're only I have the combination or the key, that's significantly more secure because then if somebody wants it they have to come get it.
That's why I like my private wallets. They're non-custodial so for somebody to steal my crypto they would have to bust into my house and steal my recovery keys.
I live in Canada so this is something I think about because my prime minister and deputy Prime Minister and finance Minister of all decided that they can just steal your money whenever they want.