Quote:
Originally Posted by DraX
Just trying to protect myself. I suspect it could soon get worse than the 2008 real estate crisis. Even if it won't I still have my gold without loss.
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I think you're talking about eliminating counter-party risk:
Kyle Bass loves Gold:
Bloomberg sees possibility of wild card event leading to $64,000/oz Gold (over 50 times current price):
Chinese Gold Standard Would Need a Rate 50 Times Bullionā€™s Price - Bloomberg Business