Letter Re: Physical Gold Versus Electronic Gold

Mr Rawles,
The letter from the gent who recommends investing in synthetic gold startled me. Prior to the Great Depression my family was very wealthy. My great-great grandfather, was an assemblyman from New York State who [had] moved to the backwoods of Pennsylvania and built what was at one time the largest tannery on the east coast. The family also owned a large hotel, at least two other tanneries, a general store and a gristmill. When his son took over the reins of the family wealth he invested the bulk of it in silver stock. When the stock market crashed the family was plunged into stark poverty. My great grandfather had to build a home for his family out of the packing crates that the produce for the store was shipped in. Stock [or shares] of any kind are dangerous if that is where the bulk of a person’s wealth is invested.

Make your readers aware of how dangerous the financial situation is at this time and to steer clear of investing in anything that you cannot hold in your hands, or eat or walk on or wear. Thank you. – DM from the Mountains of Northwest Pennsylvania