Posted on 09/09/2015 10:12:22 AM PDT by blam
Unless an individual is a short term trader I’d recommend taking physical possession of it. Particularly if it’s intended for retirement. Saves you from getting swindled.
Maybe that would be the proverbial straw, but we have become so used to financial abuses that might not do it either. As I understand it, it’s the same principle (or lack thereof) as fractional reserve banking or hypothecation/rehypothecation, so if one participates in banking or investments at all, it’s pretty hard to get away from.
As for me, I’m a simple sort, if I own something I want to be able to get my hands on it if I need it in a hurry. Guess I’ll never be rich, but I sleep pretty well.
Mrs. AV
Goldbug ping.
Until they do.
I’d like to see a graph of actual prices, including premiums. Does this exist? You would think that with all this paper leverage, we should see a growing divergence between spot and actual price.
If the market continues to implode institutional paper gold holders may need to sell because of margin calls. That being said, the erosion and eventual collapse of the petro-dollar (aircraft carrier dollar) is going on now.
The Fed will do everything they can to defend the buck including forcing their puppets to go to war or at least keeping everyone on the brink. When your currency is only backed by force of arms, that’s all you have left. A war forces your vassal states to stay in line and keep using the buck for payments and reserves.
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