From the Nov. 22 Numismatic News E-NewsLetter
Would you ever own "paper" (non-physical) gold? Why or why not?
Here are some answers sent in from our E-Newsletter readers.
I would never buy paper (non-physical) gold.I would be afraid more paper than gold could be sold.I want to be able to hold the product in my hand.
No, I would not have paper gold. I’m more hands-on. I would want physical gold only such as a coin, bar, etc.
Any collapse, be it housing or monetary, could happen swiftly. Look at our $22 trillion national debt. What if lenders lost confidence in the dollar and asked for payment in full? Would you want to cash in your paper gold for the real stuff while everybody is trying to redeem theirs? I think not.
No paper gold. If/when the zombie apocalypse or other global disaster hits, nobody will take the paper gold and you won’t be able to get to your physical gold. Hold your gold.
Oklahoma City, Okla.