A Formal Declaration of War Has Been Delivered to Your Grace

While at court today, a young squire approached me and asked for my opinion of GLD, the exchange trade ETF pertaining to gold. Before having him executed for his insolence, I explained to him that buying GLD is equal to supporting the fiat standard. I will have none of that.

For over 500 years, my family, all of noble blood, has sought out to secure mining rights, also known as royal privileges,  across the globe. Because of their due diligence and business acumen, I am happy to report a personal net worth of well over 900 billion euros, all held in gold bullion. Let me repeat, I do not own any paper currency whatsoever. Everything that I buy is done through the bartering of gold.

I read the daily rants of Jakegint and find him to be an educated young fellow, albeit somewhat misdirected. For one, there is no point in buying mining equities or exchange traded ETF’s, related to precious metals. If you want to own gold, do so in the physical form. If you are interested in mining, take a majority, or minority, interest in a well thought out mining expedition. I strongly suggest  properties in South Africa and Peru (cheap labour), where my family’s interests lie.

As King, I hereby declare war on Jakegint and shall pursue this conflict until his head is twisted tight on a pike.

BEAS

King of iBankCoin, and other things