Physical possession of Gold

Gold bugs got caught in a scam because Gold is a damn bulky money! Zero Hedge is on the case.

The problem stems from the customer for gold, not the gold banks. Customers want possession of the gold they buy, but they do not have the facilities, home safes, deposit boxes, secure transportation and the like to take possession. Possessing gold is expensive because the stuff is bulk. This was a problem during the Great Depression crisis when asset values moved faster than a ship full of gold while wire transfers of electronic money was instantaneous.

The rule here is simple. Morgan Stanley knows you are a gold bug with no facilities to store and transport gold, so they hedge the stuff (delay delivery and use float) The hedging they do with gold deliveries saves the customer the cost of gold facilities, so customers should quit bitching or go buy a gold safe and an armored car.

Is there a way to make gold virtually liquid? Sure, digital communications helps here. Gold bugs need to demand video surveillance of their gold, and have the gold banks send all real time video streams to me. I will use my expertise in computer vision analysis to verify that the various simultaneous streams are in fact separate piles of gold. If gold bugs want the service, let me know I have access to venture firms willing to invest in the technology.