Big Brother is after your Gold

We have warned repeatedly that the Western 'Democracies' are on the slippery slope to a totalitarian Superstate that will make anything seen in History like child's play. Latest confirmation is the remark by Paul Volcker about the possibility that intervention in the Gold Market by governments may be justified 'at any critical point'. The next step will be 'interventions' by our trusted friends, the political establishment/congregation of Spenders of Other People's money, who will 'request' that you put your gold at their disposal to help 'needy causes' - such as spendthrifts in Greece or Portugal. Intelligent Investors know that the only way to store Gold safely is in physical form and away from any place where states can trace it or have the access blocked.

And you thought you owned that Silver?

A new court case in the USA highlights the risks of leaving your holdings of physical precious metals such as Silver or Gold with a bank. That the belief that one owns 'hard' assets is naive to say the least is proven by the fact that often all that you really own is a claim on a bank. Should that institution get into trouble you are only the owner of a claim on that bank and have to joins the queue of creditors. In all likelihood you would at best receive a fraction of the worth of your holdings in the eventual settlement of the bankruptcy.