If you own 'paper precious metals' you may as well roll your certificates and store them in the bathroom within arms reach of the toilet because that is about all the certificates are worth.
Greyerz has been warning about not having gold stored in banks for many years. Physical gold goes into Western banks and clients are promised that the gold will be safely stored. What really happens is the gold comes in the front door of the bank from unsuspecting clients, and subsequently leaves right out the back door where it is used in the Western gold price suppression scheme. This is why when the clients come back for their gold, which is supposed to be stored safely in the bank’s vault, it is already gone and only a paper promise remains. Bottom line: Do not store gold and silver in banks because it is not safe.
If you don't hold it, you ain't got it.
Than= I’d rather be rich than poor.
Then= I first became hungry then I ate.
There = She is there now.
Their = They have their things.
They're = They're going to the mall.
To = They came to the house.
Too = That's too bad.
I wouldn't trust the banks at all in this situation, considering how corrupt the banking system is this should not come as a surprise to anyone and yet there are still those that trust their banks! 🙄
we got short of gold in amreica even the american governement dosnt stock gold since 1953
actualy russia and china own most of the global gold
actualy russia and china own most of the global gold
Probably true.
While their central banks are actually part of the country and have been quietly buying gold for a decade, the US Fed has no allegiance to the United States. They're just a bunch of banks that have been quietly moving their assets offshore.
When the end comes for the "giant" US economy, we'll all see it's a hollow shell filled with hot air.