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 Understanding the Gold and Silver Bullion Business, Andrew Schectman Interview, Miles Franklin7 comments to Understanding the Gold and Silver Bullion Business, Andrew Schectman Interview, Miles FranklinLeave a Reply |
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Many big bullion companies have gone
bankrupt in the past.
If they go bankrupt while your coins
are in transit, you can loose all
your money.
I have been collecting coins 50 years
and know most coin and bullion outfits.
I must say, I like these people LESS
then I like lawyers.
They are opportunists and the shadyest
of all people. They are not heros
because they happen to be selling the
right commodity at the right time.
You are dealing with sharks.
If I recall correctly, even Tulving went bankrupt for a while. Why would the US want to confiscate gold? I understand why they did it back then because gold was still circulating as money but it doesnt anymore, so what would be the purpose? Now if they need more money they just print it.
They would confiscate, otherwise known as steal because they know it is real wealth. At one point even the Romans would not accept their own currency as payment on tax.
I am an ancient coin collector. Most coinage was silver
in the Roman Empire besides bronze). There was extremely
little gold coins in the ancient world.
Basically gold became popular after Coumbus discovered
the New World. Silver was the money.
Between Columbus and when Cortez landed 8 million
Tainos Indians were killed. Columbus was a mass murderer.
After his third voyage, Ferdinand and Isabella had him
bought back to Spain in handcuffs and stripped of
all his wealth.
He was unknown, until Napoleon invaded Spain and one
of his generals found the diaries of Columbus in
a vault.
Columbus spent the last years of his life walking around
in a monks garb. When he died, no one even noted his death.
“Now if they need more money they just print it.”
Yes, they do. Unfortunately for them, money zapped up out of thin air is worth just that… air. Gold and silver are REAL money and have been for over 4,000 years. That is a record of success that no fiat currency ever created can hope to match. They keep trying, though. Unbacked paper money usually lasts about 80 years before it collapses. We left the gold standard in 1971… 41 years ago… 39 to go… maybe. :-/
He says that the govt would target the ETF’s in a confiscation – I think they already have.