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Aug 04
2010
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Physical Gold and SilverPosted by Darryl Schoon in Untagged |
As the crisis moves closer to resolution, physical possession of gold and silver becomes important. If precious metals are held by a third party, they should be held in allocated, not non-allocated, accounts.
This distinction is critical. Non-allocated accounts do not give buyers title to physical gold or silver. Buyers only have a claim for the value of the holdings. Allocated accounts give buyers actual title to specific metals.
When the run on gold and silver begins, those holding paper claims against precious metals will be left with paper claims instead of the precious metals they thought they owned.
Last year this was not important.This year it is.
Good luck,
Darryl Robert Schoon
www.survivethecrisis.com
www.drschoon.com



