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Johnlaw1971
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Delusions so obvious

- Bron Suchecki - Perth Mint

I don't think it is an accident that the agenda behind Bron's writing centres around the theme that Paper gold is just as good as physical, and that accumulating and
holding physical on a dollar cost averaging basis is for clueless, unsophisticated paranoid goldbugs.

If most of the holders of the Perth Mint Certificates decided to take delivery (like they tried to do in 2008) things would get "interesting" for Bron in a hurry.
His ramblings remind me very much of the trolling of Jon Nadler, whose employer Kitco runs a similar fractional reserve paper gold scheme, which is in the throes of bankruptcy.

Commented 4001 days ago

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Beginning of the headline :Time to catch up on some articles that caught my eye this week. First up is Charles Hugh Smith who picked up a quote that really resonated with me: The obvious can be dangerous. The deluded man frequently finds his delusions so obvious that he can hardly credit the good faith of those who do not share them. because I've often been on the receiving end of this. The problem with much of the precious metal commentary is that it seeks to explain market action in terms of obviousness, black and... Read More

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