[marron]

So, unless your gold is in your direct physical possession, you don’t actually have any gold.

[ArrogantBustard]

So, unless your gold is in your direct physical possession, you don’t actually have any gold.

Correct, IMO.

And obvious to anybody who has actually thought the matter through.

[peyton randolph]

So, unless your gold is in your direct physical possession, you don’t actually have any gold.

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And the certificate representing ownership will be just as valueless as Federal Reserve Notes once the SHTF.

[RetiredTexasVet]

Bingo, we have a winner. You only have a piece of paper that says you have gold .... and that piece of paper is only worth the paper it is written on. Possibly, they will need to call Corzine in as a consultant. With a straight face he can say “damn, where did all that gold get to?”.