"However, with all this madness going on around the world I for one am happy to hold onto my physical Gold as insurance against having to food forage in waste bins or being reduced to the Australian pensioner pet mince diet!"
Insurance against having to food forage in wast bins comes from the accumulation of wealth during the appropriate period in one's life cycle, wealth that should be diversified and not concentrated in a single component. Governments are known to have confiscated gold when in need to support their currencies.
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