I had trouble following the article. Too much technical lingo for me.
The big question (actually the only question): If I have one of those gold certificates, can I go somewhere and pick up the physical gold?
If not, then this seems like just another smokescreen to me.
Side story: I’m old enough to remember going down to my local bank and handing them a $10 bill. I’d get back a roll of quarters, 40 coins that were 90% silver.
Back then, that piece of paper ($10) represented something real. Today, not so much.
Back then, that piece of paper ($10) represented something real. Today, not so much.
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That roll of US silver coinage bought back then for 10 USD, is now worth $271 USD.
Most just can’t wrap their head around just how much our dollar has fallen, it’s purchasing power is rapidly losing ground. Silver or Gold isn’t rising, the amount of USD’s to buy it is increasing.( USD declining).
* $10 pre-64 silver coinage, .715 Troy ounces = $1 face….thats 7.15 ounces of silver, at $37.80 spot, equals 271 USD’s.
“If I have one of those gold certificates, can I go somewhere and pick up the physical gold?”
You can’t buy or hold one.