Wednesday, March 27, 2013
Store Physical Gold Abroad to Protect Against Meltdown: Faber
In a February article, Faber contends the world may become so ugly that having gold in your home or safe deposit box may be a losing strategy. When Governments get greedy, they outlaw everything - and mere possession of an Eagle in some future America may become a serious crime.
We have seen this before.
Faber suggests we could see it again.
Very few have the ability - or would surrender America for gold - to keep physical assets offshore and the means to get them when needed.
So we come full circle: Lead is the new gold.
Here's the link to the Faber piece.
I hope you are being nuanced in your planning and contingencies.
Posted by K at 6:58 PM