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Paper Gold vs Physical Gold

From sprottmoney.com

The old adage is: "If you don't hold it, you don't own it". While that's not necessarily true if you're dealing with trusted storage companies, it is 100% true if you're dealing with untrustworthy Bullion Banks in London, Zurich, and elsewhere. As I type this on Tuesday, March 24, we are seeing an unusual confluence of events overwhelm the global gold market: 1. The U.S. Federal Reserve announced yesterday that they will now provide "unlimited quantitative easing" to combat the financial contractions related to the coronavirus. This is what we've known was an eventuality for the past decade...QE∞. 2. ... (full story)

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  • Category: Fundamental Analysis