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Originally Posted by mineistaken
That pretty much beats the purpose. You just have a "note" that says you have gold somewhere.
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As i said, you have the metal in your hand if you want it.
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Having physical gold is real thing, having a note in some major economical or doomsday collapse is another...
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I am not saying custodian like GoldMoney is the end all (its better to have it in your possession) but its convenient and I prefer it to GLD or certificates or some of the other options especially if I want physical abroad but am forced to keep it with me in the US where it can be stolen or worst, where it was confiscated during the last doomsday by the US government:
Roosevelt's gold confiscation: could it happen again? - Telegraph