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Matthew Piepenburg: Beyond gold confiscation, note risks of gold vaulting
By Matthew Piepenburg
Mattherhorn Asset Management, Zurich
via King World News
Thursday, July 8, 2021
For informed investors who have successfully traversed the tired Bitcoin vs. Gold debate and recognized the critical importance of owning physical (as opposed to paper or exchange-traded fund) gold as an obvious antidote to globally debased currencies and openly systemic financial and banking risk, you have, thankfully, recognized precious metals as historically unmatched safe-haven assets.
For years we have bluntly explained why precious metal ownership is so essential to the farsighted wealth-preservation objectives of sophisticated investors, both individual and institutional.
... Dispatch continues below ...
Asante Gold Acquires Key Exploration Land
on Ashanti and Asankrangwa Gold Belts in Ghana
via Globe Newswire, Omaha, Nebraska
Friday, May 28, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE: ASE / Frankfurt: 1A9 / U.S. OTC: ASGOF) reports that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 square kilometers have been recommended for transfer to Asante.
These licenses are comprised of the Diaso (104.1 km2), Juabo (59.2 km2), Manhia (18.69 km2), Dunkwa Gyimigya (32.72 km2), Gyimigya (5.52 km2), Agyaka Manso (40.0 km2), Amuabaka (28.86 km2), and Nkronua-Atifi (24.97 km2) prospecting licenses. All licenses are being acquired as issued by the Minerals Commission from Goknet Mining Co. Ltd. pursuant to the terms of agreement with Goknet dated December 28, 2016.
The concessions were variously explored by Canadian exploration juniors Nevsun Resources, Tri-Star Gold, and Golden Rule Resources in the late 1990s and most recently by PMI Gold Corp. (now Galiano Gold) from 2002 through August 2014, when rights to the land were acquired by Goknet. ...
... For the remainder of the announcement:
But on the wise and hence contrarian road to precious metal ownership, what good is the journey if the destination itself is unsound?
That is, does it make any sense if your safe-haven assets are then stored or held in unsafe institutions (that is, commercial bullion banks or other precious metal dealers) that are themselves integral parties to the very broken system (and systemic risk) you set out to avoid?
Therefore, below we look at the many and all-too-real (yet all-too carefully hidden) risks of holding gold within a fractured banking system, and underscore the need to select only the safest private-vault options for serious gold storage and liquidity. ...
... For the remainder of the analysis:
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