Physical gold vs. futures, options & shares

By Anonymous Questions, August 26, 2014

You have by far the best newsletter in town…
Will sign up for Premium Membership now…
Have this question re teasers: If case of a correction (or meltdown), pundits say that you must own physical gold as security… What about futures options or just shares? Will the exchanges function? How about an article about gold teasers!

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Jo McIntyreSdnJohn Recent comment authors

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SdnJohn
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SdnJohn

In case of a meltdown, it is best to have physical gold in your possession! Exchanges/banks/etc may not only close, but the government may take some of your assets if they can find them. Just look at what happened in Greece! The Greek government confisicated a percentage of every bank account over one night.

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jomcintyre
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jomcintyre

Also have cash. Specie. US Govt printed paper. Federal Reserve notes. Plus, change – quarters, dimes, nickels, pennies. Some merchants will retain a fondness born of familiarity, for cash. With no experience in actual physical gold – Rqnds, Canadian gold pieces, Mexican gold dollars, Austrian… etc. Or how about a bar? How will the merchant know the “value” of this. All precious metals are denominated in currency. Back in around 1977, when people were again “allowed” to own gold, my husband rushed to the coin store in town to buy as much as he could at $70/oz! The price on… Read more »

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