bindlepete

Gold Stocks vs. Gold: Who's Winning?

Gold Mining shares, outside of the US, can not be taken by our Federal Government . Claims on physical gold and the physical gold itself can. It has been done before.

Further, thieves and others can not take the equity in the miners and the holding costs are as low as they can get.

I prefer to own the producers rather than any claim on the physical material and keep the companies off shore, out of Sam's reach.

Gold Price Manipulation: So What?

This is perverse for the " Free Market " folks.

I too like to buy low sell high but remember the last time this went down it became illegal to hold gold and the owners were forced to sell it back to the e. The last president was purportedly the signator to Presidential Directive authorizing the federal examination of safe deposit boxes. I suspect in prep for the seizure of gold.

Now with the suspicion that we will inflate our selves out of historic debt and all the international work that has been going on to repeg gold at a new level the mining stocjks look better and better rather than the hard gold itself. Out of the country is better yet.

Don't dodge the real problem as it has happened before and in my lifetime here in the US of A.

Just try to buy gold at anythig but a premium in Asia perhaps and don't think you can hide it in Bermuda . Maybe elsewhere but it will be a felony, if undeclared, here in the US. Some overseas mutual funds perhaps - even those controlled by US Banks which I might name but even this is risky with USB leaking like a sieve.

FiNCEN may be pretty stupid but they are getting better although they too are subject to political influence. Ask Senator Dodd.

Canadian gold and oil equities may be a safer haven. It could be hard to commandeer those and a lot of the bigger players are there to protect the front from a political standpoint.


It has happened before and is I regret to say