[Praxeologue]

All customers ought to have known that Comex exchange rules make electronic warehouse receipts unallocated, meaning that there is no direct ownership and that the customer is merely an unsecured creditor in a bankruptcy of the exchange member, in this case MF Global. MF Global at all times had full use of the clients balance for their own purposes. No doubt Corzine et al was relying upon this and customer ignorance about it. The complaints in the Forbes article, which included lawyers who should have, or perhaps did, know better, are an example. Perhaps it is all grandstanding.

I don't recommend holding gold in your basement. Gold should be held as ALLOCATED 400 ounce London good delivery bars, worth about $640,000 each with one of the seven members of the LBMA who are dealers, assayers and storage houses. These are five major banks plus Brinks and Via Mat. Storage and insurance on this basis is cheaper, totaling around 0.12% per year, plus these bars are the most liquid/tradeable form. My preference is HSBC.

[SatinDoll]

Kennie, that’s no fun!

24K coins, whatever the size, can be placed in 18k bezels and attached to bracelets, cufflinks, necklaces, buttons, you name it - but I wouldn’t wear them out and about in certain venues lest one be mugged.

I’m particularly fond of the small gold coins minted by the Isle of Mann, the ones with the different cat breeds on them.