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That is the same BIG question I have been asking myself for a while now.I wish I had an answer.Hopefully, if that happens, the news comes in an orderly fashion.If not, then I think the U.S. stock market would tank on the news.The last time the market went down hard, everything else did too, even PM's.A study I made last week showed that Gold will outperform Silver if the market really tanks.I think that is only because Silver has risen so quickly compared to Gold.Both G&S will outperform Equities.PM's will probably be the first to recover because of flight to safety, and I think it would be physical instead of derivatives.I am not sure our Financial Markets would be left unscathed, the possibility exists that a fundamental change could take place that would do away with speculation.After the initial shock, depending on what replaces the Dollar as reserve, we all get to adjust our lives to "The New World Order" we keep hearing about.Then gold and silver ownership becomes illegal.This is starting to sound like a Sci-Fi novel...Don't get me wrong, I don't want any of this to happen, it's just what I see on the horizon if we keep marching in the direction we are headed.
"Then gold and silver ownership becomes illegal"Then we should probably close out our positions on PM ETFs before that comes true as it will be illegal to even take delivery.I'm sure all the States would balk at handing over their holdings to the Fed.
Mr Loaves, if anything near this scenario were to actually happen, the only precious metal that will be worth anything is Brass and Lead. And of coarse firearms to run it through.DanDisclosure: Long AMMO