Well, except, in general, you don't, if you're investing. You have a certificate that SAYS you have X gold. Which if everything collapses is probably about as worthwhile as a bitcoin.
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Replying to @Felgraf_Physics @Zendervai and
Well yeah this is why goldbug wackjobs insist "paper gold" is worthless and you have to physically take possession of the coins and bars
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Replying to @arthur_affect @Felgraf_Physics and
Which entails a lot of costs - it probably means you have to own a house, and a safe, and a security system, and an insurance policy The carrying costs of the investment end up being pretty high
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Replying to @arthur_affect @Felgraf_Physics and
Although I guess a compromise position would be a safe deposit box at a local bank branch
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Replying to @arthur_affect @Felgraf_Physics and
Back in the day people analyzed Ron Paul's tax return he submitted when he ran for President and saw he had a bizarrely high amount of stock in gold mining companies and gold-related companies but didn't actually own any gold itself
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Replying to @arthur_affect @Felgraf_Physics and
Which a lot of people pegged as an obvious sign that the greater part of his wealth was in actual literal gold bars buried on his property somewhere that he wasn't reporting to the IRS at all (which, of course, is illegal but hard to prove)
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Replying to @arthur_affect @Zendervai and
.. Oh, huh. my gut reaction to that was 'he realizes the people he's egging to buy gold are suckers and is putting the money into making money off of THEM', but I also extremely dislike both father and son Paul. But hiding money from the IRS like that would ALSO be very on-brand
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Replying to @Felgraf_Physics @Zendervai and
No, that doesn't really make sense, your investments are strongly correlated with the price of gold either way
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Replying to @arthur_affect @Felgraf_Physics and
As it is it's kind of funny, he has enough of his money in Wall Street for plausible deniability but part of said deniability is continuing to worship gold in all his stock picks
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Probably some kind of philosophical position too where he trusts the companies to honor their deal with their stockholders when the shit hits the fan more than he trusts the government not to just steal his gold from a commodity exchange
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