seems like people make such a big deal about holding physical gold. A 100 ounce bar worth about $900,000 aint that big people (a 5 year old can carry it). 20 of those bars ($20 millon worth) can easily be stored in a small home safe or a safedeposit box at a bank (or a number of banks), or a rent a storage unit or buried in your backyard. Unless you are a big institution and have hundreds of millions of dollars worth of gold I dont see why people fret about holding physical gold. Unless you go around and advertise that you buried a gold hoard in your backyard or in your attic, its much more secure and safe than an ETF with potential counterparty risk.
I agree holding gold is not a big deal...However if you hand a 5 year old a gold bar worth 900,000 dollars you better call a doctor and a handyman because after the bar crushes the kids feet it is probably going to go through the floor.
you are right...meant 100 oz bar is worth 90,000....so 10 of those worth 900k.....easily stored in a home safe....probably when you start getting over 30 bars youd want an extra safe and diversify by keeping some at safe deposit box, other locattions etc....but my point was that unless you are dealing with really large amounts, holding physical gold is not that cumbersome...
Just because it's at your bank doesn't make it safe. Remember, the US gov't confiscated private gold in the thirties and can do so again. Roosevelt ordered that no safety deposit boxes could be opened without an IRS agent present. So if this happens again, how will you get your gold out?