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 …