NEW YORK (
Bullion Bulls Canada) -- It is a reality of life that those investors who favor gold (and silver) as their preferred asset-class need to have thick skins. On aggregate, Western investors are holding roughly one tenth the amount of gold and silver which they have held (in similar circumstances) in the nearly 5,000 years since we first began refining
Strip away the "gold bugs," however -- the less-than-5% of the general population who hold virtually all of our gold (and silver) -- and the Average Investor (in Western societies) is only holding approximately 1% as much bullion as in any similar circumstances, in the thousands of years since we first began refining these metals.
This absurd level of under-ownership comes despite the 12 consecutive years of rising gold prices, a statistic unmatched by any other asset class. Obviously "it's lonely at the top."
While the Corporate Media have engaged in an endless stream of juvenile scare-tactics to try to frighten people away from the world's best-performing asset class, probably the most defamatory of these attacks is the continual insistence that gold-bugs are Zealots who worship gold like a "religion."There are many ways to rebut such a ridiculous smear, however perhaps the best way to do so occurred to me while attending a recent international