Question: If a government goes tits up in the woebegone (bankrupt) there would be runs on banks and the banks would not have enough cash. Would there be runs on collecting gold from certificates of deposit and possibly not being able to get your gold?
Never buy gold certificates. It's never really yours until it's in your possession. If you have bought certificates, get the real stuff now. We've seen too many institutional lies to keep on trusting institutions.
I agree 100% on that. My son being a university educated military guy and a classic millennial requires acceptable "sheeple" answers to such things that he himself can easily confirm. Mom, being very determined to protect him, needs to be able to convince him a small fireproof safe hidden in an unusual spot on the main floor and completely unknown to any of his six children will be safe for hiding the real thing in quantity. Bank runs he understands, and he is aware world current economic status is somewhat dicey.
There is more honor among thieves than in government or the FED. The last few years, they have broken every rule.
Executive Order 6102 could easily get reactivated saying Pres. Gerald Ford's repeal of the Gold reserve Act was unconstitutional. It's a threat to their democracy hrumph hrumph
I am talking about the Canadian government, obviously no less nefarious than our current piece of excrement, but different none-the-less.
@toronto_Georgia ah....I seen a meme somewhere
@toronto_Georgia I see ads all the time for buying gold on paper holdings, i figured it was like the bank, they only have so much cash/gold on hand the rest is just on the books
@Weltansicht Great meme! The one you really have to worry about is the psycho Chrystia Freeland. She is the Deputy PM and Minister of Finance, also a WEF graduate and truly vibrates with crossed wires in her brain. I have never seen anything so terrifying as her announcing the seizure of truckers' bank accounts. She was shaking, vibrating and had serious shoulder ticks at the time. I believe she was giddy with power.
@toronto_Georgia not sure who the meme creator is, but was on Slug the last day or 2. I started collecting Elon lol
Her and Turdeau are definitely megalomaniacs. She was coursing with the adrenaline of narcissistic supply.
@Weltansicht Frankly I think she was orgasming at the time.