Here's a pair of situations to consider:
- MF Global - its been four months and its becoming pretty clear that the money is not coming back. Doesn't look like anyone is going to jail either.
- ISDA And Greek CDS - forget about collecting from the bankster on that insurance you bought on those Greek bonds.
Both situations demonstrate that the banksters cheat to win and their legal-language wrapped paper promises aren't worth anything if its really going to cost them.
Now consider the two most popular gold investment vehicles:
- GLD (SPDR Gold Trust) ETF
- COMEX Gold Futures And Options
Both are created and operated by the banksters and wrapped in an impenetrable shroud of legal paper, the kind of legal paper that was supposedly there to protect MF customer funds from MF management theft and supposedly there to protect Greek credit-default swap holders.
Put 2 and 2 together. If its ever going to really cost the Banksters, what do you think you'll really get from GLD and COMEX Gold holdings? CONCLUSION: That kind of gold is not going to protect you from systemic problems, even relatively mild ones.
My "real gold" systemic insurance is outside of the Bankster system. I've got some goldmoney.com, some Sprott PHYS and some coins in a vault outside my home. Where do you have yours?