"Fact is, all lies, all evil deeds, they stink. You can cover them up for a while, but they don't go away."
--Dalton Russell (Inside Man)
Interesting comment in this missive by James Turk on storing gold in vaults. Turk suggests using non-bank vaults. Banks are in the business of lending. Non-bank vaults (presumably places like Brinks) are in the business of storing. As such, safe-guarding assets is likely to be a more important part of non-bank vault operator business model.
Interesting thought.
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India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar.
~DEBKAfile
Have you ever interacted w/ non-bank vault operators?
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