Hacker News new | ask | show | jobs
by roenxi 2143 days ago
> do you really believe that people will begin taking delivery of their physical gold positions in their garages

They could set up a trusted storage facility to hold the gold in a vault for them. It isn't that hard to imagine. They could call it a "bank" if they really wanted to be traditional.

Just because you don't feel like being imaginative doesn't mean that people won't be when large amounts of money are on the line. People are downright ingenious when it comes to securing their wealth.

1 comments

The story of Alan Turing and his plan for securing his wealth comes to mind:

https://www.reuters.com/article/us-markets-saft/saft-on-weal...

Fascinating.

>perhaps fearful of confiscation by a successful enemy or a government tax on capital, a plan that was mooted in Britain in 1920 ...

Hard asset confiscation, in the US case of gold, has been mooted, passed into law, and enforced:

https://en.wikipedia.org/wiki/Executive_Order_6102

Wow that's sad. So he correctly knew to buy silver, but lost it because of the complexity of where he hit all the different pieces of the collection?