We are living in Times of Change. There is financial and economic turmoil around us. Peak oil is forcing a change of energy creation and use upon us. Political change is a must. And in order to survive we require an inner change, a change in attitude, a change in expectations, a change in life-style - a philosophical change.
Saturday, December 10, 2011
Whose gold bar is it?
The referenced article is a must read for all GLD holders and even for physical gold holders. Too many financial institutions perform unethical and illegal operations. MF Global brings to daylight some of the problems arising through rehypothecation in the paper and physical gold market. The article "The Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over Disputed Ownership Of Physical Gold" comes to the conclusion that even allocated physical gold held in customers' names by mayor financial institutions is at risk. Is it time to take the metal home?
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