Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade
Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade
Source: SilverTrade
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DW NOTE
Lanci's point lands harder than most gold bulls want to admit. Physical metal stored in jurisdictions you don't control, behind capital controls you didn't see coming, or in allocated schemes with redemption clauses that only matter when you try to use them, isn't insurance — it's a counterparty bet with extra steps. Gold dropped 16.7% from January's high to $4,431 while the Strait of Hormuz stayed shut and 1.3 billion barrels of oil supply vanished. If the insurance premium falls during the catastrophe, you're holding the wrong kind of policy.