flow.of.funds

I’ve redrawn Exter’s pyramid to show how I see the flow of funds out of all kinds of “paper” assets, like cash and deposits, all varieties of debt obligations, and derivatives into real money, i.e. physical gold and silver (and the related equities – although that is a source of great pain for me at the moment). Even gold and silver ETFs which are either un-backed or where the backing is questionable (and we all know which ones) could come to grief. http:// http://tr.popatrz.pl