since we are talking about gold and lets mention silver as well, I have been swamped on conference calls, talking with wholesalers, investment professionals, etc.....Folks all I can say is that someone BIG is buying the living crap out of gold and silver.....A wholesaler in business for over 30 years told me there is nothing out there for the last 2 months...NEVER before has he seen this. He is being told the metal is not even making it to the refiners. There is heavy accumulation. Silver is in worse shape....
Just took on another new client taking physical delivery from the COMEX....PEOPLE FORGET about GLD, GOLD MONEY , BULLION VAULT.COM, PERTH MINT, ETC....GET the dam physical and stop going for convenience and cost savings....you will be very sorry......
GLD and SLV has had there biggest month ever in the last 30 days....They obviously do not own all physical metal otherwise the price would be going up not down....Read the prospectus on GLD, their sub-custodians can do what ever they want.....and there is no recourse......
STOP Screwing around with your future if you do not have the physical you are in the same boat as those who do not have it at all....MEANING these programs and ETFs will settle in paper not physical
sorry to be blunt
I also sent a letter to the CFTC and CME last week about taking significant delivery from their warehouses....The letter was picked up on the internet."Taking delivery" dated 10/17 http://www.silver-investor.com/
dharma
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dharma
, Oct 23 2008 01:57 PM
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