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S W
Member since May 2012
668 commentaries - 5 followers

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Better "Safe Haven" ? Switzerland or Canada? - Julian D. W. Phillips - Gold Forecaster

From what I have read Oz has practically NO GOLD RESERVES. Costello sold most of it.

That leaves gold in the ground and owned by mining companies.
In a crisis the Federal Gov't will nationalise the mining industry.

I do not own any physical metal except kitchen utensils and a few hammers etc and an old car.

BTW when I get to 300 comments I will vanish.

Commented 4219 days ago

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Beginning of the headline :Despite the well-engineered ?bear raid? conducted by some U.S. banks together with some hedge funds ?which knocked the gold price back on its heels down to $1,344? the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover. The dilemma facing most gold investors remains.?Where does one hold their physical gold?? More to the point, where does one hold one?s gold away from in... Read More

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