[DesertRhino]

Whatever....if you cannot put your hands on it at home, you are nothing but a claimant.

[Worldtraveler once upon a time]

---- "...if you cannot put your hands on it at home, you are nothing but a claimant."

Apt.

---- "But to me this has a FDR 1933 confiscation, or a Sam Bankman-Fried sharpshooter “I don’t know where it went” vibe about it."

Hugely apt.

[algore]

“effortlessly ... redeem it for physical gold”

but a very high shipping fee and a minimum redemption amount no doubt.

[LegendHasIt]

"Whatever....if you cannot put your hands on it at home, you are nothing but a claimant.

That's pretty much what I was going to type.

If it is not in your possession, it's not really yours.

[Hardastarboard]

Exactly - If you can’t hold it in your hand, you don’t own it. And - you know that retrieval / sale / transfer will be via internet. What happens if there is an EMP, or a major disaster that takes out the electrical grid and / or the internet? The very scenario where you most need gold.