[hackernewds]

You could get robbed of your physical key. simpler than an actual burglar. however they could not even do an autopsy of your brain to recover your cloud keys.

I don't feel too strongly about this, just replying since you were being an absolutist.

[_Algernon_]

If they can rob you they can also use the 5$ wrench attack to force you to give up your cloud password manager master password. So even in that case having a local vault is at least as secure as a cloud vault.

https://xkcd.com/538/