Gold is Not Gold Anymore, They Securitized it!

Silver Bullets
  • As Rick Santelli Describes In His Latest Rant, Buy Physical Gold, Not The ETF'S
March 28, 2013 9:08 am est

Rick Santelli today gave an EPIC RANT on the difference between physical gold and paper liabilities commonly traded on commodities exchanges.

I don’t even look at gold as gold anymore since they securitized it. If things went badly in the world that I used to observe as a gold bug; the gold would end up in the hands of the gold bugs. If things go badly now, they’re going to end up with checks from ETFs!

Sorry, it’s not the same! The reign of paper gold as the Ayn Rand endgame, to me, that’s over. Game, Set, Match!

See Video Here