“You don’t want paper gold, you don’t want ETFs, COMEX futures or London Bullion Market Association unallocated gold. The reason is they are all paper contracts. When you most want the gold, they’ll terminate early, close the exchange, the Comex will say ‘trade for liquidation only,’ you won’t be able to get the physical. They sell 100 times more gold than they have and that’s okay because futures exchanges always have large open interest, “ said Rickards.