I want to provide yet another example of why physical metal is so important. Mining shares is not the same as owning physical metal. The following will illustrate why you can not blindly trust the system with your financial life. I hope everyone who reads this understands there are serious risks facing the markets today. Please protect yourself and if you own physical gold and silver, think very carefully where you store it.
Look at the non-borrowed reserve column. This represents the depository
institution's assets on their books. The current release shows the
number going negative this past week.
http://www.federalreserve.gov/releases/h3/current/
This has never happened in the 50
years of data (see the historical data link below).
http://www.federalreserve.gov/releases/h3/hist/h3hist1.pdf
The strain in the system and the volatility in the markets represent great stress. In short, these reports show the over-leverage and over-extended financial positions in the banking system.
This report is a great example of why individuals need to own physical metal in order to protect their wealth. I have a great solution to securing and protecting your wealth through physical ownership of gold and silver. Please see my previous articles for more information.
Please feel free to contact me if you have any questions.
Bob Coleman
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