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‘Let them eat warehouse receipts.’

For many this would have been unthinkable only a few months ago. They had been cautioned and warned repeatedly, but chose to trust the financial system. And now they are suffering loss and anxiety, frozen assets, and the misappropriation of their wealth.

I am sitting here shaking my head sadly also I am so grateful that I had no personal dealings with this company.

I’ve said it before here on Free Republic: If you can’t reach out and put your fingers on it, you don’t really control it. That goes for Gold, Silver or anything else.

I learned that lesson real well in the military, oh the stories I could tell about my units ‘assigned assets’ that disappeared just as we needed them because they weren’t under our direct control.

Jives with the Ann Barnhardt rant I posted above. You can read the transcript, but reading it won't do it justice. You really should listen to it, as she is just incensed by the whole betrayal of trust and it very much comes through in the audio.

On the theme of your comment, we have this from that interview:

"But, yeah, to all the people out there listening—you are going to have to get away from paper and get back into physical commodities, the real deal. Anything that is on paper anything that involves a promise or a commitment is no longer valid because as we said there isn’t a rule of law anymore. People can steal from you. Your money can be confiscated. And think how easy now it is to confiscate people’s wealth. Most of our wealth in this society exists as zeroes and ones on a computer server. It takes no effort whatsoever to steal zeros and ones on a computer server. So what I have been telling people is you need to get into physical commodities. And the rule of thumb is if you can stand in front of it with an assault rifle and physically protect it, then it's real—it's a real commodity."

Emphasis added.