Trustee to Seize and Liquidate Stored Customer Gold and Silver Bullion From MF Global

This just in from JESSE'S CAFÉ AMÉRICAIN:

The bottom line is that apparently some warehouses and bullion dealers are not a safe place to store your gold and silver, even if you hold a specific warehouse receipt. In an oligarchy, private ownership is merely a concept, subject to interpretation and confiscation......

For many this would have been unthinkable only a few months ago. They had been cautioned and warned repeatedly, but chose to trust the financial system. And now they are suffering loss and anxiety, frozen assets, and the misappropriation of their wealth.

Please read more here.

Russia Today: Libya Dumping Dollar for Gold A Reason for NATO's War? (videos)

Sounds like Libya has lots of resources others want bad enough to start wars over - oil, gold, pure water...

13 Countries That Control the World’s Gold

Here is a list of the 13 countries that control the world's gold.

Warren Buffett's Words of Wisdom on Buying Gold

Brett Avends writes in the Wall Street Journal

At some levels, gold, as an investment, is absolutely ridiculous.

Warren Buffett put it well. "Gold gets dug out of the ground in Africa, or someplace," he said. "Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

And that's not the half of it.

Gold is volatile. It's hard to value. It generates no income.

Yes, it's a "hard asset," but so are lots of other things—like land, bags of rice, even bottled water.

It's a currency "substitute," but it's useless. In prison, at least, they use cigarettes: If all else fails, they can smoke them..................