[wmfights]

...considering there is not nearly enough physical gold to satisfy all paper gold in existence by a factor of about 100x.

I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.

[xzins]

I do accept gold’s historic position as a hedge to inflation, but I do not believe that gold has an intrinsic value that approaches its financial value. Therefore, in a crisis it has no real value.

[mongo141]

“I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.”

If or when TSHTF The “Big Players" will have it taken away from them by some one bigger and nastier than them by whatever force is necessary.

[mongo141]

“I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.”

If or when TSHTF The “Big Players" will have it taken away from them by some one bigger and nastier than them by whatever force is necessary.

[Vermont Lt]

I dont know about that. I own physical gold and silver, in my possession. I am not a central bank. I dont have a ton of the stuff, but it doesn’t take much to take possession.

[matthew fuller]

"Only the real big players actually have possession of it. "

And what exactly stops you or me from buying American Eagles, Canadian Maple Leafs, or Kruggerands...(etc)?

[cowtowney]

“I don’t expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it. “

No. this is exactly why buying gold is a good idea AND only in physical form. You’ve got it backwards, wmfights