re: the silver deficit, woddonnee Hello W...,Re allocated vs...

re: the silver deficit, woddonnee Hello W...,

Re allocated vs unallocated, this is from James Sinclair on Puplava's FSO. This guy is brilliant. Anyway -

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Tuesday, September 3 "OWNING GOLD VIA THE PERTH MINT"
Q: Do you have any opinions on the relative safety of purchasing allocated vs. unallocated gold via the Perth Mint?
A: Mints can be government owned or private. Never -Ever buy from either as unallocated gold. Do not be seduced into unallocated gold by cheaper fees. That means that the gold you own is amalgamated with the gold owned by others and can be sold short to you or to you against paper gold. Unallocated gold is part of the assets of the mint and you are a liability of the mint. If the mint wants, they could hold gold futures or derivatives as the gold you own in an unallocated condition. If the mint goes broke, you will more than likely never see your gold. Private mints have and can go broke. Always buy your gold as allocated and as held in CUSTODIANSHIP. Be sure it is true custodianship which means the gold or asset is not on the balance sheet of the mint. This is a safe way of owning gold if the mint is run by transparent people.

Q: Do you have any opinions on the safety of owning gold via the Perth Mint vs. other ways (hoarding gold bullion at home, storage in Swiss bank, etc.)?
A: Consider one ounce common bullion coins in safety deposit in a bank safety depository with a gold trading department as part of the same bank is another way to own gold. The Swiss are not the Swiss of old. Nothing special in Switzerland anymore except the highest banking charges on earth. They went derivative nuts in the 1970-2001 instant gratification economy like everyone else.
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bye.dub