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Here's something to consider. What about countries other than China, India, etc.?
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<p>[QUOTE="desertgem, post: 3086706, member: 15199"]Besides, the governments you mention have a history of pretending to allow private ownership, but then changing the rules so they own it. The Bank of China in the last big jump, started a bullion savings plan and the value of gold from depositors rose about 20%, but when they went to claim it, it was in paper currency payout. Also in the last 10+ years many mining companies has been leasing the output rather than selling it outright, one of the ways ETFs can function with no delivery problems ( contrary to reports by the bullion companies ( IMO of course).</p><p><br /></p><p>I really do not believe they are coming out of poverty as a country, just the top 1% of their population.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3086706, member: 15199"]Besides, the governments you mention have a history of pretending to allow private ownership, but then changing the rules so they own it. The Bank of China in the last big jump, started a bullion savings plan and the value of gold from depositors rose about 20%, but when they went to claim it, it was in paper currency payout. Also in the last 10+ years many mining companies has been leasing the output rather than selling it outright, one of the ways ETFs can function with no delivery problems ( contrary to reports by the bullion companies ( IMO of course). I really do not believe they are coming out of poverty as a country, just the top 1% of their population.[/QUOTE]
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Here's something to consider. What about countries other than China, India, etc.?
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