GoofyHoofyKnowing in advance that your questions are a form of ascribing unbelievability to one or two notions by making other unbelievable assertions, I will attempt to answer some of the points to illustrate how little weight this approach you've taken should be given.The gold Germany thinks it has at the Fed doesn't actually exist, is that right?The issue raised by those who are really looking for answers to that question is one of putting any questions to rest by having a full audit of the (alleged) gold reserves. There has not been an audit done of those reserves in over a half a century. Given the value involved, the lack of audits, and the nature of some politicians and some lobbyists and a lot of the financial industry over the last half-century, which would seem to be more implausible: that all of these actors adhered to strict ethical conduct (thus all the gold is still there and none of it leased or hypothecated); or that, perhaps, some measure of it has vanished? I would think the true skeptic would find most foolish the notion that it is all still there.Also, the gold in the vaults in Canada doesn't actually exist, or in dramatically short of what is claimed, is that right, too?This is a fine example of an assertion made to help build the case for the whole notion of missing gold being an absurdity. But it is an ignorant assertion. Any that have objectively followed the gold market for the period of the last dozen years would be aware that Canada has performed audits of their gold reserves. Several years ago their audit did show some discrepancies but those were explained, eventually, by a conclusion that some rounding errors over the years had just had a cumulative effect. While the cynics might think it a convenient answer, the overall tenor of the gold bulls was that of relief that at least one country was honest enough to have an audit and provide the results to the public.Also Australia is fudging the books.Interesting that you pick two countries with a pretty good record of open disclosure to bolster your original derision. Australia paid off its national debt a few years ago. Since then they have added to their debt somewhat in response to the world recession. I've seen no real criticism of Australia's handling of their fiscal issues nor their gold reserve accounting. But then, I've put more than 20 minutes into the understanding of the issues instead of arguing from a prejudicial point of view.And the various places where you buy gold but don't take delivery aren't actually storing the gold, they're just selling you pieces of paper so you think you own the metal, correct?Well, one would first ask, are you are buying the gold or buying the paper? Have you read the prospectus of GLD or SLV? I have. And have recommended to my clients that they find other methods of participating in the sector (some here have mentioned PHYS and CEF, both of which are far clearer in outlining the consumer safeguards they offer).Are you suggesting that an investor who is skeptical of an entity which does not allow the auditing of the underlying asset or that does not hold itself responsible if said audits are performed and discrepancies uncovered, would be a safe place for responsible investors?So there's a worldwide conspiracy between the various central banks, and a separate one among several gold stocks and ETF's which claim to have gold storage facilities but actually don't, right?That central banks cooperate/collude on any number of issues is a matter of public notice and many reports, public and private. That publicly traded companies make claims that later are proven to be of no more substance than the morning mist are also matters of public record (Enron, Worldcom, MF Global, etc ad nauseum). That central banks have entered into agreements to sell gold are also of public record.Whatever the answers one derives for themselves in an honest appraisal of the issues surrounding the currencies in use today, those who denigrate the actual process of questioning seem more like children whistling while walking past the graveyard on a dark cloudless night.That all being said, are there sites which hype the more bizarre conspiracy theories? Sure there are....and they exist both for and against the issue of gold. Are some sites more clinical in their approach? Yes, there are those as well. But that has been so since the first communication and it has always fallen as a responsibility of each investor who attempts to exercise prudence to try to ferret out the few morsels of fact from the vast swell of bilge. For, in the end, when serious cataclysms occur in the financial arena the pundits and wags of such popularity yesterday, will be missing along with your money.We have only ourselves to look to for how best to make our wealth and then how to preserve its purchasing power for at least one day longer than those we have left to us, so we don't outlive it.Poz (spending some excess internet time that is paid for, but unused, on an "at sea" day in the Caribbean on the Celebrity Equinox)
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