All that glitters
Despite the move from the stock market to more solid , like gold, the average price of gold has still remained in the region of $900US per ounce.
INVESTORS BEWARE
Investors in gold have two traditional routes – one is to physically store gold coins and/or bars in the house or a bank vault – or to accept a certificate from the seller. The seller must have at least 90% of physical gold to back the certificates they issue.
We have all seen the results of fractional lending by the major banks getting out of control -as the dollar gets closer to total collapse expect to see that 90% rule breached – as it stands at the moment I would bet if 50% of certificate holders wanted their gold it would cause a very serious problem.
Investing in gold and silver is a wise move – but a piece of paper may end up being just that!
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