AnnSofiNovelist on Nostr: It's weird to me whenever I hear someone talking about how they got gold in case ...

It's weird to me whenever I hear someone talking about how they got gold in case things go really bad.
I mean, most of them don't actually hold the gold themselves, they're trusting some random other person, maybe not even in their own State, to be holding the gold for them, and they simply get an IOU, so who knows if the person actually has the gold, and if they do have gold, have they sold the same piece to multiple people?
And even if everything is great, if an emergancy comes along and they want to use the gold cause the Dollar's crashed, how does that even work? Do they go and collect the physical gold, or do they basically just use a bank as a 2nd layer on top of the gold holding?

This is why I like bitcion, cause I can self custody it, it's not going to be double spent, and it's super easy to use and fraction.