GOLD 0.51% $1,391.7 gold futures

even "allocated" gold may not be safe, page-7

  1. 1,418 Posts.
    You probably real serious gold bug Pinto and don't use no money. But perhaps you do.

    Maybe you even keep quite a bit of that money in the bank. Hmmmm?

    Ever lost money?
    Ever had money stolen?
    What about the money you had in the bank . . . ever lost that or had it stolen while it was there?

    You probably trust some bank with your money . . . which let's face it, is more important than gold. But you don't trust no one with your gold.

    So what you now do? Hide your cash and your gold?

    That good for no one and no thing. You must live one nervous life worrying about your cash and gold being found by someone.

    Of course having money in a bank is a risk. And of course having gold stored by someone else is a risk.

    But my point is: storing the stuff yourself is a massive risk too.

    People can't comprehend that.

    But if Big Kerry Packer was still around, you could ask him how risky it is too hold your own gold.

    Oh, yeah, I love the gold bug bit about "well hidden . . . if no one else knows aobut it"

    Why do you think that stashes of gold coins are still being found from centuries ago. Because someone hid it and died and all their wealth was lost with them. Great economic strategy that one. What a risk for your family to miss out on everythingk you have. Or you could tell them where you hide it. No, no, that wouldn't work 'cos loose lips sink ships.

    Gold holders in a predicament whichever way they go. Just the ones with physical are deluding themselves to the risks that they face.

    Just google Kerry Packer and stolen gold bars. I've said it many times here: if someone can steal something from Kerry Packer: they can steal it from you too.
 
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