pseydocyst

Gold's Just Getting Started - Barron's Interview

I agree with jt ETFs are not the way to go
if you wanna own gold. Sure, it's convenient,
there is little spread, you don't have to worry
about storage, but at what cost???

You're basically handing money over to an
entity, giving control over to them, in return
for a paper claim to the gold which may or may
not be there. This was a great idea for the gold cartel to absorb the recent growing investment demand for gold without having to give in to physical delivery.

For those of us with investment assets in the hundred thousand dollar range, you need to own
physical gold to protect yourself. You never know
if tomorrow everything's gonna go to crap and Bush signs an executive order banning gold ownership - "for the good of the country". This has happened before in 1933, and lasted some 40 yrs. So it could happen again. Basically you'd have to take your gold and move out to some other country like switzerland for safe keeping.