Wednesday, July 6, 2011

And now, the other side of the bullshit written about gold

Your humble scribe is sent this link to WeAllGonnaDie Central, aka Zerohedge, which features a new report from Ronald Stoeferle of Erste Group, which is a bank in Europe somewhere. Apparently and according to both Zerohedge and your humble scribe's missive counterpart*, the key point of the report is the following line contained:

"The possession of gold is tantamount to pure ownership without liabilities"

We can therefore 100% cast-iron, no-doubts guarantee that Ronald Stoeferle is not married.

Sheesh, a serious load of old wank gets written about gold, doesn't it?

UPDATE: Reader 'DM' writes in with the following to back up the point being made:
"Re today's post, my ex wife was accumulating gold the year previous to our divorce.  Being South Asian this was not so alarming but the timing makes me think insider trading."

*trans: the dude who mailed me