From the last thread >>60956103 an anon posted a great video from a notorious silver liar.

Jeffery Christian, who I regularly criticize for being a Goldman shill who regularly lies about silver, did a video where he talks about how if you don't hold it, you don't own it isn't true, and then he explains all the many different ways that YOUR externally vaulted gold may not actually yours, and can be lost through no fault of your own.
https://youtu.be/Bn3Ge0hI8x8

TLDW;
1. Vault steals your gold (goes broke, bankruptcy, fraud, etc)
2. Broker (who contracted the vaulting on your behalf) steals your gold (goes broke, bankruptcy, fraud, etc)
3. Government seizes the gold in the vault. (has happened before see the Liberty Dollar story)
4. Allocated vs, unallocated (unallocated means you don't own anything, you merely have a claim for the cash value of a certain amount)
5. Vault storage fees will eat up your gold (1%-2% per year)

While Jeff Christian says "if you don't hold it, you don't own it" isn't true, he actually proves it is true will all of the exceptions where if you actually don't hold it, it can legally or illegally be taken without compensation.

If you do hold it, it can only be taken away by physical robbery which is cost prohibitive for the government and extremely difficult for criminals if you keep your mouth shut and take steps to secure or hide it.