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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

Kek. Makes reasonable toilet paper in a pinch. -edit He ‘thinks’ he owns gold. He does not in that scenario. He does if he gets physical delivery before that.

[–] • 1 pt

The general public cannot take physical delivery from an ETF. He can settle his account in cash and go buy real money.