Community Voice Response: Dec. 17, 2019

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.

No.

Ron Brown
Oroville, Calif.

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.

Johnny Widener
Lincolnton, N.C.

No, I would not have paper gold. I’m more hands-on. I would want physical gold only such as a coin, bar, etc.

Montague Bakasy
Address Withheld

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.

Horst Seeley
Manchester, N.H.

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.

Sean Moffatt
Oklahoma City, Okla.

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