Guest Post, by Guillermo Barba
Today we have an exclusive note on this blog: the Mexican Superior Audit of the Federation (“ASF” in Spanish), in its “Report of Supreme Audit Results of the 2011 Public Account” delivered last week to the Chamber of Deputies, gave a stern “recommendation” to the Bank of Mexico (Banxico) to audit the Bank of Mexico’s gold reserves held in London at the Bank of England.
Meanwhile, we have to remember that this global financial crisis is far from over, and that it is essential for us to have “in hand” the small gold shield we decided to buy. Not doing so means that we are unnecessarily exposed to expropriation and the real possibility of waking up tomorrow with a “hang over”, after a “dream of gold”.
Originally Posted at Guillermo Barba’s blog