Storing Precious Metals, Gold – Part 1, Gold ETFs Versus Physical Gold, Gold Bullion, Paper Gold
Catherine Austin Fitts discusses options for storing precious metals and issues of precious metals ownership in part 1 of this 2 part audio. Physical gold bullion and silver bullion storage methods and custodial accounts in such vehicles as GoldMoney.com, The Perth Mint, and The Central Fund of Canada are contrasted against paper gold alternatives like the SLV silver ETF and GLD gold ETF. In reality, these ETFs are complex, highly leveraged debt instruments. This 09/21/2010 interview is from GoldSeek.com radio, conducted by Chris Waltzek, a very informative, weekly Internet radio show focusing economic events and gold and silver investments. Catherine Austin Fitts is the president of Solari, Inc., the publisher of The Solari Report, managing member of Solari Investment Advisory Services, LLC. She is also a GATA (Gold Anti-Trust Action Committee) board member. Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer. How to Store Gold.
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With worldwide central banks in a race to debase their currencies, gold is rising in all currencies and has been for ten years. It will continue to rise much higher. QE (money printing) to infinity!
with all the trouble in europe…irland majorly in debt,spain on strike,greece riots,why isnt gold rising more in euro’s vs £ and $….whats next? good luck