Jim Rogers : The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt

Jim Rogers :It is (what Venezuela has done ) certainly significant especially if they (the banks ) find out  that they do not have it , it will be quite a turmoil if all of sudden the banks will say we do not have all that gold we do not find it because you know a lot of gold has been mixed with other gold it might just mean more and more people do want to hold their gold in their own hands , I would suspect so , we are coming in more and more turmoil more and more banks will be going bankrupt and The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt or which has to suspend redemption , so I suspect you'll see more of it





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)