placement should be the base ?, page-24

re: silver etf not yet approved! hendric If you look into the leasing problems with gold and silver you would uncover that the most likely prognosis is that the 130M oz of buffets was sold by the leasing entity and that buffet in the end will probably settle for a cash settlement. The silver's gone! The proof will be as you said at the end of the lease period. I truly suspect they will continue to extend the lease until Buffet demands the physical. Then we may see some fire works. Same goes for the US gold reserves! One day, the US citizens are going to find out that the US has leased and transfered their reserves and that what they actually have is no where near what they thought they had! Why else would the mighty US have every other country selling their own gold reserves to suppress the gold price and not sell any of their own??