The only way to invest in gold, is to take physical possession. Owning a picture of a Ferrari, is not owning a Ferrari.
Physical gold is a hedge against fiat currency becoming worthless, like having a bomb shelter, you hope you don’t need it, but it sure is a good feeling to know you have it.
But this bill is for the state to take possession.
And agreed.
Gold’s merit is based on a Goldilocks scenario (pun—lol).
The currency collapse must be great enough for gold to be a great safe haven...
But not great enough for government and civilization to collapse and gold trading become impractical.
I find the Goldilocks scenario very unlikely.
“Physical gold is a hedge against fiat currency becoming worthless,”
How do you get change when you take your gold bars to the market to buy groceries?