Cash In A Mattress? No, Gold In The Closet.
http://www.newsweek.com/id/188138
On the day I held the gold bar in my hand, it was worth nearly $100,000. My companion—an established, accomplished, affluent businessman of retirement age—had bought it as a hedge against the sinking Dow and his fear that Obama's stimulus package will inevitably trigger wild inflation. We had picked it up in the basement of an HSBC bank branch in midtown Manhattan. When I handed it back to him, he put it in his briefcase. We went upstairs, past guards, through metal doors. Out on the street, we said goodbye and I watched him go, a tall, thin man carrying a $100,000 briefcase. He doesn't want me to tell you his name—or, really, anything about him—because he's keeping the gold in a safe in his basement. His friends, he says, are doing the same thing.
- Lisa Miller
Useful links:
www.thegartmanletter.com
www.gold.org
www.apmex.com
www.dailyreckoning.com
www.monex.com
www.1stfederalcoin.com
www.amnumsoc.org
www.kitco.com
http://goldmoney.com
People are buying/hoarding gold in case the unimaginable happens. It's a state of mind. Old habits die hard.
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