(By The Daily Coin)
We begin the conversation discussing the latest global ponzi scheme coming out of South Africa, the Rand Gold Bond. According to Eric Dubin this is similar to the GLD or SLV ponzi schemes but the target market are people on a fixed income with a promise of exposure to gold. While Dave Kranzler explains there is nothing in the sales brochure or terms of the agreement that says you the “bond” is tied to allocated gold in your name. Oh yeah, you have to fly to the Rand Refinery to pick up your Krugerrands in the event the paper-ponzi scheme actually matures. Good luck with that plan.
We then take a look at the gold and silver market. Eric and Dave break it down for the near term and the long term. Towards the end when China, Russia and India are brought into the conversation I ask a very simple question–”What does China, Russia and India acquiring gold and silver have to do with my stack and why is it important?” For anyone, but especially the new listener, this is crucial information.