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I agree with the author on his main point but the author is breaking his own rule. If you consider gold as the "last ticket out of town" as he does you must have the physical gold in your possession. The author only owns gold stocks and futures which are nothing but paper proxies.
He actually might also bought physical gold, hes just saying he believes gold demand is getting higher and higher becuz of its nature.
Gold mining stocks are not "just paper proxies". There is nothing to stop a gold miner to pay a dividend or special payment in physical gold. Miners provide leverage on gold asset appreciation.