FORMER BANKER STATES THE CASE FOR OWNING PHYSICAL GOLD
SEPTEMBER 6, 2012
Until the advent of the FDIC, bank runs and failures meant the client lost everything. That why they call them “bank runs”. You run to bank as fast as you can and withdraw your money. The first one out gets the best deal. The FDIC is a hollow shell that will not protect a multi-trillion dollar failure.
Allocated and unallocated storage facilities are likely to be stripped of all precious metals and valuables. When governments go broke the rule of law is the first thing sacrificed on the altar of saving the people and their way of life.
It will get very interesting when 100 paper golden chairs are surrounded by scores of bankers all trying to get a seat on the single physical golden chair when the music stops.