Gold Depositories See A Rise In Withdrawals

[JohnyMac]

I have been hearing for the last 3-months or so, folks who keep their gold in 'gold depositories' are taking their gold out (Withdrawal). Okay, no big deal however, I have heard that gold withdrawal's in the month of August (MTD) are up 100% over July 2022, withdrawals. Again, this just a rumor.

Some folks may have better means than I and can find graphs or charts that prove this to be true. Help out your fellow UP subscribers with info.

Now you may ask yourself why this information is important. Well if this is true, we will be able witness the beginning of the end. Rich people stay rich by preparing for a depression or war. They tend to be ahead of the curve. Most of the rich remained rich post the collapse of the stock market in 1929.

So, lets see what is happening (facts matter). No rumor's just facts.

Thanks.

[pkveazey]

I'm a big believer in, "If you don't hold it, then you don't own it". I keep my stuff at arms length. OK, not literally. With that said, I don't keep it all in one place. If someone finds one spot, then there are several other spots that they missed. Since I'm pretty old, I have informed several close family members of the locations. OK, I know that some folks believe that burying it in the yard is the best place but a metal detector can pretty quickly locate it. I have a counter measure to that though. If you bury your treasure, then throw about 200 or 300 pennies scattered all over the yard to drive them nuts while they are looking for it.

[Jackalope]

[quote author=pkveazey link=topic=10687.msg91742#msg91742 date=1661377944
 OK, I know that some folks believe that burying it in the yard is the best place but a metal detector can pretty quickly locate it. I have a counter measure to that though. If you bury your treasure, then throw about 200 or 300 pennies scattered all over the yard to drive them nuts while they are looking for it.
[/quote]

    That's what backhoes are for.

    I agree with you PK, regarding actually having gold or silver in your possession.  What's that saying, "Possession is 9/10's of the law..."   

[Nemo]

25 pound bag of steel shot spread around scrogs things up too.

Nemo

[JohnyMac]

I have reached out to a few folks in the field to see if they can gather up some charts and graphs to see if this is true.