>>Ruh-Roh.<<
My thoughts exactly. There has been speculation for a few years now that those that do not take possession of their physical gold may find out, if they ever try to collect it, that they don’t have any. The accusation was being floated that there is more gold being sold that actually exists and the same tons are being sold over and over again.
Same thing happened a couple years ago when someone, during their foreclosure trial, challenged the bank to supply the paperwork showing they had legal standing and they were unable to. And we all know where we are today.
Just sayin’...
It is one reason that any precious metals I own are actually in my hot little hands.
But are you sure the “gold” you have in your hands is really gold ? Hasn’t there been counterfeit gold bars and coins discovered ? Made from tungsten with a heavy gold plating applied ? I’m not sure I’d believe it was really gold unless it was gold dust.
Something a little like that happened to me about 35 years ago. Later, I got a letter from the state's Attorney General asking for information about my dealings with the broker in question. I knew that there were a number of much larger clients with big lawsuits against the broker and that I wouldn't be able to add much to the AG's case.
I never found out if they eventually nailed the broker.
Ditto.
But you and I had better be willing to defend our ownership of metals as well as our guns.
When I pointed out to a lib I know that Roosevelt confiscated gold and silver (well, the government did pay, but the private citizen had no recourse about the "selling" or the price), she haughtily replied that couldn't happen again, because we (the government?) have learned a lot since then.