Warning For Those Of You Storing Metals From A 20 Year Trader In The Metals Business | Gold and Precious Metals

Warning For Those Of You Storing Metals From A 20 Year Trader In The Metals Business

The Gold and Silver markets are very strange. Gold is bouncing onwards and upwards, while Silver is just staying steady. I thought that Gold was becoming over priced, not only for the private investor, but for the big timers,too. Then I began to realise that there is more Gold being sold than is physically in store. This is, I believe,  called paper Gold.  What ???!!!!!  Buying and selling invisible, non existent Gold.  Good game !
I decided to have a bash, in a small way, on Silver 1oz bars. You cannot get them,anywhere!! So who is buying them and why is the price of Silver not moving, accordingly. Is it all, paper, again?  My plan, if all else failed, was to put a light chain on them and sell them as jewellery. Maybe everybody is thinking the same.
This article shows that when some people have demanded their property back, they ain't getting "as described" goods. But they have been charged storage fees for their stuff.  What a good racket!!!  Charge folk to store the stuff that you have sold many times over in paper trails and hope that they can find some if needed.