Dear Comrades In Golden Arms,
How many times have I warned you that FRAUD is rampant in gold storage, gold deals and internet financial anything.
I predict billions will be lost by gold investors who sent money to people just because they like what they write, like the pay in the USA and get gold somewhere else deals or are simply to lazy to do what is so easy and requires no agent.
I have told you not to leave a penny with any coin dealer, to distance yourself from all financial agents and not to deal with internet financial anything.
Did you listen? Many have not!
If you did not and have gold in anything like this get your gold or your money tomorrow.
FORGET EXCHANGE TRADED FUNDS.
Buy your gold on the Comex at the world gold price and take delivery out of their warehouse.
Your only insurance is gold in your hand. Do what I have done.
Respectfully yours,
Jim (Sinclair)
COMMENTS: It has happened in the past and will happen again, except on a much WIDER SCALE!
AUDIT AFTER GOLD DEALER'S SUICIDE SUGGESTS CUSTOMERS LOST MILLIONS
By ROBERT J. COLE
Published: October 5, 1983
Some $60 million worth of gold, silver and platinum sold to thousands of individuals and then supposedly stored in Rocky Mountain vaults may never have existed, an investigation suggested yesterday.
The possibility emerged in an audit conducted by the accounting firm of Touche Ross & Company in connection with the suicide last Wednesday of Alan David Saxon, 39-year-old chairman of Bullion Reserve of North America, a gold dealer with offices in Los Angeles, Dallas and Hong Kong.
Bullion Reserve has 30,000 to 35,000 customers. If the missing assets cannot be found, most of their investments may be lost.
Vaults Near Salt Lake City
Lawyers for the company said the audit showed that a depository, owned by Perpetual Storage Inc. of Salt Lake City and buried 200 feet in a nearby mountain range, contained only about $900,000 in bullion and coins. Another $140,000 to $150,000 worth of coins were found at Brinks Inc. of Los Angeles, another Bullion Reserve storage center.
The discovery, made over the weekend, prompted Bullion Reserve to file a bankruptcy petition Monday in Los Angeles, seeking court protection from its creditors.
you cannot eat gold if all else fails , but what you say is true.
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