I will give you something else to lose sleep over. The bullion banks, globally, where gold is bought and sold by large entities like countries, has allowed payment with US Treasuries. There is little accounting for how much of the world’s gold is actually paper. Credit has rotted even the bulwark of wealth.
I will give you something else to lose sleep over. The bullion banks, globally, where gold is bought and sold by large entities like countries, has allowed payment with US Treasuries. There is little accounting for how much of the world’s gold is actually paper. Credit has rotted even the bulwark of wealth.
My motto is "if you don't hold it, you don't own it". Glad I've built a modest little stack of bullion the past few years. Central banks around the world are loading up on gold. Wonder how much the U.S. has stored, and when the last time it was audited (??)
Ghost
I will give you something else to lose sleep over. The bullion banks, globally, where gold is bought and sold by large entities like countries, has allowed payment with US Treasuries. There is little accounting for how much of the world’s gold is actually paper. Credit has rotted even the bulwark of wealth.
My motto is "if you don't hold it, you don't own it". Glad I've built a modest little stack of bullion the past few years. Central banks around the world are loading up on gold. Wonder how much the U.S. has stored, and when the last time it was audited (??)
Central banks loading up in gold? or US Treasuries? It will probably never be audited, the real story would collapse things.