Thursday, 16 April 2020

Paper Gold vs. Physical Gold.....................from Rico

Paper Gold [COMEX] is $1716 at 'close' while Physical Gold is $1743.10.
 
You can have all the 'paper' derivative bets on Gold that you want, the paper being worth what paper backed by a third-party liability is worth...
- COMEX stopped being an honest broker many years ago (about the time Ann Barnhardt quit being a futures broker; remember Bernie Madoff?).
 
An ounce of Gold remains one ounce of Gold, no matter what a Ponzi scammer or a crooked accountant says...
- If you do not hold it, you do not own it.

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