Defaulting banks - where will it stop?

[Damien Lloyd]

"Damien, was it "physical metal" you bought or paper gold like gold bullion ETF's? I understand that it is virtually impossible to get delivery of physical metal, even coins like Krugerrands, and most buyers end up owning paper instead. Only the truly wealthy can afford physical metal and they are piling into it in droves as the expectation of defaults of the US dollar and even feasibly Sterling in the next few months are seriously being talked about. This obviously is pushing the price up and up.

Just nosey is all... "


I owned the gold, but never saw it. www.bullionvault.com I can assure you I was extremely unsure about this site at first. But did a little research and gave it a go, I'd also recommend it to anyone. Of course as a british based company I have no idea what would happen if the British government tried to steal the gold the way the federal reserve did. I've been told that keeping it in a zurich vault would protect it but I have no idea if it's true. I'm waiting for a price correction before jumping back in. Have a look at the site and tell me what you think.