My bet is he was going to request delivery in London or Switzerland and this is an easy way to do it. The commodity exchange (CME) is familiar with safely delivering silver and gold to a foreign bank and can be trusted to do it right (lol)
Real gold bugs are holding some metal outside of Obama’s jurisdiction. The po’ gold bugs can’t do this
Eric Sprott’s physical gold fund is very popular because Sprott is trustworthy and it is held in Canada which is oil, mining and extraction friendly. Gold was never confiscated in Canada in the Great Depression
“My bet is he was going to request delivery in London or Switzerland and this is an easy way to do it. The commodity exchange (CME) is familiar with safely delivering silver and gold to a foreign bank and can be trusted to do it right (lol)”
Probably true. In Canada you can just buy gold at the Post Office or you can just walk into the bank and buy gold or silver. There are some small banks in Nevada where you can buy silver but not gold. My fiancee’ is in the mining business and he has mined and done business all over the West, Alaska and the Klondike. I hear a lot of people are holding gold somewhere outside the USSA right now. My first choice would be BC as you would probably have a better change of getting your hands on it if the SHTF.