Storing Physical Gold - Coins etc., page-25

Renege on what? They’re only selling bits of paper. You don’t have any gold, you don’t own any gold, you’d need a minimum of AUD750,000 to have anything allocated in your name ....

Gold is bought as the ultimate insurance. What happens if the financial markets seize up? How do you sell bits of paper, even if they are backed by allocated physical gold held by a bank on the other side of the world?