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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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[–] • 1 pt

Paper commodities are all futures contracts. Futures contracts have value in good times. But in bad times...unless you have a way to force collection, they arent worth the paper they're printed on.

[–] • 0 pt

Really hope we never see those bad times. I can't imagine a crash... Well, I can, but I don't want to have to live in that world.