[epithermal]

Hmmmmmmmmmm???

[353FMG]

If the whole gold market is but a hoax, then.......?

[deadrock]

Banks were allowed lend more money than the owned/had, why can’t the same principle apply to gold?

[gorush]

Fractional Reserve Banking....the life blood of the Fed, the bane of the individual. Hamilton was for it, Jefferson was against it. Jefferson was right, Hamilton was victorious.

[stylin19a]

wait til the investor finds out his bars are made of tungsten

[Nam Vet]

Lots of pretty bad poopie in the precious metals markets worldwide, but mainly in the COMEX and LBMA. Seems there are millions and millions and MILLIONS of paper ounces of especially silver, but gold too, with no physical to back it up.

Think of the precious metals market as a giant game of musical chairs. For every hundred players, there are but ONE or TWO chairs !! Yes, it really is that bad.

If you think gold and silver prices are high now ....... Wait til the music stops !!

Nam Vet

[Born to Conserve]

The FDIC insures cash accounts to protect depositors and banks from ‘runs’. If there is a run, the FDIC will have money printed to cover the run.

If you have an unallocated account for silver or gold, and there is a run, there is no way to print gold and silver. You are screwed.

[Sawdring]

However the analysts will also tell you that the amount of gold or silver traded in virtual transactions exceeds the global holdings by a large multiple and if everyone insisted on physical delivery of their metal, this would be completely impossible to provide.

So is virtual Gold the same as real Gold? Just like virtual dollars?

[jiggyboy]

Our earlier thread on the initial report by Jim Rickards is here http://www.freerepublic.com/focus/f-news/2638982/posts

[Lancey Howard]

No big deal - - it’s just “fractional reserve” gold.

[Mad Dawgg]

If you have gold Buy a big METAL safe (the Older the Better) bolt it down in your house and make sure it is well hidden. Put your gold and silver in there!

Buy a few shotguns (one for each family member of shooting age) and lots of ammo.(If people find out you have such valuables some may wish to relieve you of them.)

Don't trust banks, they are under control of the government. They can seize assets both digital and physical stored inside bank at the drop of a hat.

How do we know this?

Because they did it before...

Google "Executive Order 6102"