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Alamos Gold CEO: Some are losing confidence in storing their gold in the U.S. - CNBC

Source: CNBC

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DW NOTE

The CEO of a mid-tier gold miner says some clients no longer want their bullion stored in U.S. vaults. He's describing a trust problem that gold was supposed to solve. When buyers start worrying that the safest jurisdiction will seize or freeze their metal, the asset has stopped being a hedge and become another counterparty risk. Gold is up 26% this year and still falling as a share of serious money.

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Alamos Gold CEO: Some are losing confidence in storing their gold in the U.S. - CNBC

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