It’s surprisingly difficult to find a place that can offer complete security for your gold holdings. From Jeff Thomas at internationalman.com:
In this publication, we warn regularly of the risk involved in storing wealth in banks. They’ve made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your money. To add insult to injury, they’re creating reporting requirements with regard to the contents of safe deposit boxes and restricting what can be stored in them – again, at risk of confiscation.
More and more, banks are becoming one of the more risky places to store wealth in any form. Not surprising, then, that many people are returning to those facilities that treat wealth storage the way the first banks did millennia ago – vault facilities that store your wealth for a fee but engage in no other banking activities.
But, in suggesting to our readers that such facilities are a better bet, I’ve also repeatedly warned readers that many such facilities don’t store actual, physical gold. They instead provide a contract to you that states that they will deliver an agreed-upon amount of gold upon demand. The trouble with this idea is that it becomes tempting for such facilities to sign such a contract with you and collect the purchase price but never actually purchase and store any gold. It’s been estimated that the total worldwide value of such contracts equals 150 times the amount of gold in existence in the world.
Uh-oh.
This is why it’s imperative that you purchase only physical, allocated gold.
Comrade commissar FDR (CPUSA) branch of the UNI-Party set that precedent.
It’s for the good of the collective comrade, we’re all in this together, no shirking, now give me that gold.
Si se puede!
Maybe the old ice box trick of money stash or hiding it somewhere that only you know about and tell no one if you want to keep it.
When the Chicago jesus was immaculated in Year Zero grammaw turned to me and said…you better nail down everything that you want to keep the CPUSA (D) is back in power.