There is a nice point in here... people who are investing in gold to avoid the currency crash are investing in the exact same problems...
You cannot beat the house. Start your own business.
Feel free to forward this by email to three of your friends.
This is an accident waiting to happen, because when enough holders of paper gold ask for delivery, the default that will follow will trigger the biggest bank run for gold in history, which due to gold’s significance as a monetary proxy, will shake the entire monetary system.
When there is no longer any physical metal to deliver, the ensuing shortage will result in a disconnect between prices, in which paper gold will become worthless while the price of real physical gold will be revalued at a much higher level based on the market equilibrium for physical supply and demand of gold.
You cannot beat the house. Start your own business.
Feel free to forward this by email to three of your friends.
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