Loading ...The real question is, who owns it. Precisely. And as I said a couple of weeks ago, that will be very difficult to prove for the 360,000 bars (if they’re there).
However, whether a couple of my neurons synapsed “digital currency” and “gold bars” or not I don’t know but I’ve just come up with the solution to ownership. The whole issue of ownership of the gold bars revolves around the digital, in the literal, physical, sense of the word, characteristic of the bar. The serial number on the bar. Take that away, and all ownership issues go away too.
So, audit the bars and issue the list of digital identifiers and give everyone three months to make any claims they may have as a result of loans, leases etc. and subsequently melt them all down and just have 360,000 anonymous gold bars. Just as my sovereign, gold eagle or krugerrand is anonymous. He who holds the gold, owns the gold.