Has the collapse begun? Is paper gold selling in a panic to buy physical?

[mamboni]

Rick Rule says he uses Gold as Cash.

sometimes his cash gets $1600 an ounce, sometimes, $1400 an ounce ... sometimes, $1700 an ounce.


a 1/10 ounce Gold Eagle makes a far better $100 bill than a $100 bill. it's prettier, it has intrinsic value, it takes up less room - and today it's still worth $140+.

Rick Rule is filthy rich. While I aspire to think of my wealth in gold grams and silver ounces, unfortunately the tax man only accepts FRNs. Gold and silver are weak versus the FRN, short term.