Paper bullion or various certificates pretending to be actual PMs
The following clip deals with IMHO two main items
The London silver market which although (apparently) has no silver, is dealing with extremely large sales daily, all in pretend silver BlackRock called the UK PM to a meeting of the complete BlackRock board :: Why ? maybe I could do the same ?
Paper PMs have been a problem with me for many years and I have been told "there is plenty pf bullion to cover the paper"
As this clip shows if all the silver that has ever been mined was on the table it would only be about 30% of the current sales
My problem is that there should be two separate listings one for actual, and one for Certificates as IMHO they (the dealers) are committing fraud by selling paper with zero proof that they have it
I don't mind it paper is sold but people must be told of the risks because as it appears that the London Exchange is in default the "general" public should MUST be informed in the same way that a company on **promotion blocked** must inform the public of any matter that may affect the sale price of a stock
Certainly paper is much easier than actual physical to trade, like a CFD and if that floats your boat I have no problem
It is just the lack of transparency and disclosure which I believe is criminal
