Real gold vs pretend gold
“The battle continued in 2019, and rarely has the disparity been this sharp. And what do we mean? Well, on one hand, you have real physical gold. This is gold that you store yourself or at a trusted vaulting company. This is gold that you can actually hold in your hands. This is the gold that is demanded at record levels by central banks around the globe. On the other hand, we have pretend gold. This is the domain of the bullion banks. They offer futures contracts, unallocated accounts, and ETFs…all as an alternative to the real thing and as a way of increasing the total supply of ‘gold’ in what amounts to a modern day alchemy.”
USAGOLD note: For real physical gold, check out our Safe Storage Program or simply take delivery like the majority of our clients. Hemke goes on to detail the differences between real and virtual gold at the link.
Image courtesy of Visual Capitalist
Repost from 1-15-2020