Relevant:
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- Retail Gold & Silver Demand Surged 135% since June, 365% More First-Timers
- Two Traders Sued by US regulators for ‘Spoofing' on Gold and Silver Futures
- Watch Gold/Silver/Oil Price Ratios
- $100 Silver in 6 Months, says $9B Sprott Asset Management
2011-12-17 — blogspot.com
`` The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets--gold, silver, cash, options, futures and commodities--into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver--and hold "warehouse receipts" to prove it--they'll have to forfeit 28% of the value.''
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Comments:
pkskypilot at 06:37 2011-12-18 said:
It just goes to show that you do not own your gold unless you take delivery or put it in an allocated account somewhere dependable--that is why they are probably selling the gold--to cover up that it was sold many more times than once and they cannot deliver it to more than one owner---everyone should demand delivery and expose the Comex and GLD for what they, in my opinion, probably are----- Permalinkadd a comment | go to forum thread
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