Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
Just as you said it all depends on the location. Here in my area in the Southern Part of the Philippines we do not use paper gold. We are engaging in small scale mining operations and for us physical gold is much better than paper gold. Majority of the people who engaged in mining doesn't know about computers and paper gold has no value or useless for them. What they value the most is physical gold since its easy for us to exchange it to our local fiat currency.