Physical gold you hold in your hand. Paper gold is a certificate that says you own one ounce of gold......the problem is there are 300 people all holding a certificate for the same one ounce of gold.
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Physical gold you hold in your hand. Paper gold is a certificate that says you own one ounce of gold......the problem is there are 300 people all holding a certificate for the same one ounce of gold.
Yea I understood the first part, just crazy that one ounce of gold can be owned by 300 people simultaneously. Why would you ever buy a certificate then?
Never! I would rather buy dirt in a jar.