What makes a gold bar actually legitimate? In this episode, Ed Blight breaks down how metal credibility is determined in the global market — and why it’s not as simple as “gold is gold.” He walks us through how geopolitical sanctions (like those against Russia) can suddenly turn a $30,000 bar into one no bank will touch. We also get into how the physical gold market handled massive disruptions during COVID, when bars couldn’t move between major trading hubs like London and New York — and the industry had to scramble to figure out solutions. From vault logistics to the LBMA’s role in “good delivery” standards, this one pulls back the curtain on the rules, risks, and realities of storing and selling precious metals.