the paper gold price collapses.
Physical gold goes through the roof
Discussion
I don't think that would happen for lon though. This self custody lesson is a hard one for people to remember. Greed will drive them back to paper very quickly and reduce the premium for physical gold
no I think that this revelation could break the custody model for a generation.
It might even lead people to question how many other assets are being rehypothicated.
people that hold the paper are being driven by convenience, not greed.
I agree, if by revolution you mean Bitcoin and not gold. Gold is imo almost impossible to verify in massive quantities like Ft. Knox.