Unless your gold is "bought" by at a cheap rate by that company to be sold to you. Ever heard of Gold bars filled with Tungsten metal ?
Unless you have a high-tech machine which can detect tungsten metal in your gold bar .. paper gold doesn't seems bad to me.

Could be tungsten filled gold since no one ever dare to slice their gold in half just to confim it.

So anyway, how about the one who hold the Genneva gold anyway. Since the Genneva company is call ponzi and will be shutting down soon.

Question.

1. How can the person who hold the Genneva gold get back his cash ? Since the Genneva give you gold for assurance, without the company, how much your gold will worth ?

2. Due to Name strap on the gold bar, wont the gold bar value from the company eventually be bought by goldsmith in a low price.

3. Risk buying a gold from Genneva.. Could be tungsten filled assumed by gold smith..

Its not about the price .. Its about reselling it. Even there is a market price for gold, the person who wants to buy it will want it for a lower price compare to the market.

Sad for people to hold Genneva gold .. lose both side but at least still get some of his/her money back via solid gold sale than those who dont recived anything at all.