I have seen many more investors coming to us, saying they are selling their gold (GLD) and silver (SLV) ETFs and wanting to buy physical gold and silver. What would be there reasoning to do so? One reason is that gold and silver ETFs should be viewed as trading vehicles and not counted as real wealth ownership. Here is what …
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3
2011
Increase In Bank Sub-investment Grade Derivatives Reveal A Need For Gold Insurance
By: Doug Eberhardt
Category: Gold
Tags: bank failures, bank of america, Bank sub-investment grade derivatives, Credit Contraction, Deflation, FASB, FDIC, Federal Reserve, foreclosure, Gold, J.P. Morgan, mark to market, occ, TARP, too big to fail
The financial crisis started with banks getting burned in the derivatives market. Then TARP was manipulated to help banks get cash. Next came the Federal Accounting Standards Board (FASB) allowing banks to mark to model (fantasy) their real estate assets (cheat). And now we have come full circle once again as banks own more sub-investment grade derivatives today than at …
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