Gold and Silver: An Ounce in the Hand is Worth 77 Million Ounces “On Account”
The recent seizure of eGold’s gold bullion holdings by the U.S. Government may have some more far-reaching unintended consequences. I predict that it might trigger some panic selling of holdings at the various “virtual” precious metals institutions. And it might even spill over to the fairly new gold and silver ETFs. This situation also illustrates a key point that I often emphasize with my consulting clients: There is no substitute for personally holding your precious metals in tangible form. Don’t trust any individual outside of your immediate family or any institution to hold your precious metals for you–not even in …