Australia's largest stock trading and investment forum Australia's #1 stock forum

SILVER

0.30%

$15.25 silver futures

Silver spike coming????, page-49

First 49 Last

Share
Profile

Follow
mikeyjon

1,536 Posts.

545

08/04/18

12:27

Post #: 32299108
Share

Originally posted by Skol ↑

Insurance!

My assets are insured also
=================================================

They might need to be. You get a private company to store your gold and silver?
-------------

This scenario should come as no surprise to those who lived in any one of the heydays of investor fraud in South Florida. A decade ago, nearly four dozen shops offered to buy and safely store precious metals for clients. The industry was lightly regulated, which attracted unscrupulous operators who generated $91 million in losses for customers. The most famous Ponzi scheme was Global Bullion Exchange, which accounted for a third of that amount.

Look back to the ’80s and you’ll find nearly the same scam with nearly the same name. International Gold Bullion Exchange, which became the largest retail gold dealer in America, stole $44 million from investors before it was shut down. To help perpetuate the fraud, organizers showed customers the glistening inside of a vault which appeared to hold their gold ingots. The fraud victims didn’t know they were looking at painted wood blocks.

Expand

Another totally implausible remark from a person with a huge chip on his shoulder.

So your saying there has never been any fraudulent or Ponzi schemes in the asset classes you hold in your portfolio.

property bubble in the US in 2008
Storm financial,
Commonwealth bank (on going inquiry)
just to name a few.

Buyer beware.
1 Upvote

0 Great analysis

Reply

Top Stories

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week