I personally think that having control of one’s own gold is a prudent thing to do. The topic of repatriating gold is getting a lot of play in Europe as a consequence of the Swiss referendum, which you reminded me is coming up on Sunday.
And I think there is an undercurrent, an intelligent undercurrent frankly, of voters in Europe, particularly older voters, who remember that times aren’t alway good. Who believe this (gold) is part of their national patrimony, it’s part of their wealth, why should we store it in a repository that doesn’t subject itself to an audit? Why don’t we keep it ourselves?
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