Recently there has been many financial institutions that have finally realized that gold is money, namely the FDIC, BIS, CME and LCH Clearnet. These institutions have either classified gold as a Tier-1 risk free asset or they have accepted gold as collateral for a loan. With that in mind consider the following:
FDIC insures cash deposits up to $250,000
(USA Bank deposit insurance)
CDIC insures cash deposits up to $100,000
(Canada Bank deposit insurance)
Gold & Silver in the U-Vault Account is insured up to $1 BILLION.
If gold is money, then where do you think it's safer to store your wealth?
Besides, FDIC is underfunded by $20 Billion.
