[traditional1]

"By whom? And how will they know?"

Following the inference in the original post, when you use physical gold to make a purchase, you OBVIOUSLY have gold.

Now; those who see you purchasing, know who has gold. Simple enough.

I wouldn't spend a farthing in the Inner City of any major metro area, and expect not to become a target of the "Have-Nots", would you?

[Atlas Sneezed]

Following the inference in the original post, when you use physical gold to make a purchase, you OBVIOUSLY have gold.

Now; those who see you purchasing, know who has gold. Simple enough.

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I see. Not government confiscation (buy-up), but criminals. same as today with currency, and credit cards, watches, jewelry. Nothing especially risky about gold. What’s risky are the hypothetical times when you might need to spend it.