Re: On Capital Flight and Forced Repatriation
When you buy gold and keep it in a private vault, you are taking on a silent partner in the form of the insurance company that provides insurance to the vault. No private vault company can provide sufficient physical security for your bullion at a competitive price. It would literally require the resources of an army to stop a determined crew of 30 men intent on getting your gold. So you tell yourself that everything is OK and that if anything happens "at least the insurance will pay off" ( surprise! The contract is written in such a way that it will never pay off ). More over, the guarantee is bogus from the get go. The insurance company doesn't have the resources to pay off if a major bullion vault is raided. Did you think you where somehow escaping from the FIRE economy by buying from Bullion vault or even using Das Safe? Guess again.
Originally posted by doom&gloom
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