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I was talking to an older gentleman about the price of gold and he said he had some but not in physical form. how would you access your gold or anything like that if the banks crash and close their doors?

I was talking to an older gentleman about the price of gold and he said he had some but not in physical form. how would you access your gold or anything like that if the banks crash and close their doors?

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[–] • 2 pts

As usual, you wouldn't. Just a reminder, the state of Texas demanded their gold from Fort Knox. The federal government refused. Texas insisted. The government said they could come to inspect their gold but could not physically touch it. Texas sued. Texas won. The federal government said they required some 30-90 days to obtain the gold.

Gold has been pilfered and stolen from us and is obviously not in our own banks/reserve system as federally required.

Texas now runs their own metals depository for themselves and other states. I don't know if it's available to individuals. Regardless, they exist because anything on paper is not physically available, all the way up to the federal government itself.

[–] • 2 pts

Tx working on gold back currency.

[–] • 1 pt

I don't know if it's available to individuals.

I believe Texas's is, but not sure about other states'.