I wouldn’t be buying gold in say the EU, UK, US.
Friend recently (6 months back) converted his entire life savings into gold in Europe.
Didn’t seem to understand it’s trapped in the system and he should have moved his funds to Asia where he lives and has lived for 25 yrs - and convert to physical.
If there is a gold seizure in Europe it will be seized and with the debts and collapse of the EU pretty much set - I can’t see how he will have anything but a worthless claim at the relevant time.
Others say the caymans - that’s on Americas doorstep - in a chaotic world those will be seized.
Others say Dubai - perhaps - I think it’s generally against Islam to steal - so that will be tested.
Because either their record search system isn’t in sync, or they are not backed.
One other thing on paxos
Not sure where I read it but my understanding is it’s related to some questionable banks in the Caribbean known to be related to the guy that did banking for SBF there.
More on the Dubai one also - geopolitically they are protected for which ever power is vying for coercive control in the region.
In a chaotic world that’s gonna be up for grabs and perhaps from that perspective the risk is very high.
Also one thing of note - it appears what ever happens in the future we will have a CBDC of sorts.
Even with a collapse and rebirth that appears set in because any new governments that come out of the ashes even in the worst case scenarios will want absolute control.
Even holding billion physically in the West will be problematic converting into that system IMO.
Then there’s the elephant in the room - deflation
In Japan there’s places you can pick up a home and acres of land for about 10k
That’s what a world of deflation looks like as demographics collapse and assets de-freeze and supply outstrips demand.