there is also as mentioned above a very real possibility that the price of gold in your hand may on some future date be worth a LOT more than the price of paper gold. There is “conspiracy talk” about a major default on the commodity exchanges where gold is exchanged. That if they really had to settle up a nd deliver actual gold on contracts, it wouldn’t actually happen, and people would want the real stuff instead of a paper promise.
possible? heck yeah. that’s why CEF shares are a middle bet. they actually have the gold and silver in the vault, not a series of contracts and paper bets and derivatives and whatnot.
still, ona chaotic trading day with the us dollar in a true freefall, i would not be surprised to see the spot price of physical gold be twice the paper price or more….
