and finally I make the comment re: European money and gold. If a fair proportion of European money is moving into paper gold EFTs etc and proportionally little into physical, then it would be very interesting to observe the effects on the gold market should Greece and others default. I would imagine that a default may actually precipitate a call for physical delivery. The Europeans would be more likely to actually ask for delivery imo.
A call on physical gold during a crisis is exactly why owning physical in the first place is the real deal. Imagine having to wait 2,3+ months for your delivery only to be denied the sale opportunity of a lifetime.
GC
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