Nov 17 2011, 11:44 PM
QUOTE(cherroy @ Nov 17 2011, 10:17 PM)
But I trust the financial system more than security of the physical gold in term of theft.
Because if financial system freeze or in trouble, everyone fight hard and find solution to fix the system, just like what happened during 2008 crisis.
But if your gold being stolen, nobody care.
I'm here just to share my view:-Because if financial system freeze or in trouble, everyone fight hard and find solution to fix the system, just like what happened during 2008 crisis.
But if your gold being stolen, nobody care.
If you read book "Crash Proof" by Peter Sciff , you will understand that the way they fix the system in 2008 is by printing more money - devalue fiat currency. (Which is clearly legally stealing wealth of others). Basically our money / purchasing power got stolen. And nobody cares. but I care.
That is why having physical is important. If you're afraid that you lost your gold, then think of how to reduce the risk.
True story. I got reletives that has gold from great grandma which is more than 80++ years... and those central bankers can't steal the buying power...
Cheers.
This post has been edited by azizulego: Nov 17 2011, 11:46 PM
Quote
0.0157sec
0.35
7 queries
GZIP Disabled