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RE: Physical Gold Secured by Blockchain and Guarded by the Royal Canadian Mint

I guess we must have been picking up on the same waves the other day because @mountainjewel said they had seen two posts back to back on the same topic. I was curious who it was and that's you! Ha ha.

You can see my unfiltered opinion in my post, but I would be hesitant to invest in something like this. It's just my opinion of course. Like you, I'm not a financial adviser. I actually didn't know that financial advisers were advocating people put money into metals. All I've heard is "stocks, stocks, stocks."

I understand that having metals in the house is risky. There are other places you can keep it, sometimes close by. I would say to be careful if you have it in a safe deposit box, because whatever is in there could be restricted, or could easily become property of the bank when everything hits the fan. Also, some banks (like Chase) don't actually allow you to put gold/silver in your box there. Not sure what they do if they find out you have it.

My thinking is that if you can't reasonably get to your metals that are stored in a facility that's not a bank, then you likely won't get them at all. And if the fan gets messy, you likely won't want fiat money anyways, so even if this company can sell your gold and send it to you, the dollars you get will likely have less purchasing power when you get them than when you bought the gold. (Hyperinflation).

That's just my (rather wordy) opinion. If you got any value from it, great. If not, feel free to disregard, and no hard feelings at all. As investors, we need to do what we're comfortable with. And as Steemians, we should try to help each other without forcing our ideas on people.

Nice to meet you. I hope your portfolio-balancing goes well! :)

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