Paper Gold Verses Real Gold! This is scary! What happens when people demand their gold to possess? If only 10% of the 293 ounces held were requested to be delivered as actual metal, that would drive the price of gold to $13,000 per ounce!
“Before 1933 the people themselves had an effective way to demand economy. Before 1933, whenever the people became disturbed over Federal spending, they could redeem their paper currency in gold, and wait for common sense to return to Washington.” — Howard Buffett, father of Wall Street legend Warren Buffett
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