Trustee to Seize and Liquidate Even the Stored Customer Gold & Silver

Discussion in 'General Precious Metals Discussion' started by MelbBrad, Dec 18, 2011.

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  1. MelbBrad

    MelbBrad New Member

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    http://jessescrossroadscafe.blogspot.com/2011/12/attempt-to-seize-and-liquidate-customer.html

    "....The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assetsgold, silver, cash, options, futures and commoditiesinto a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silverand hold "warehouse receipts" to prove itthey'll have to forfeit 28% of the value....."

    Ouch.

    Keep it well hidden, guys. ;)
     
    MelbBrad, Dec 18, 2011
    #1
  2. Ag-ness

    Ag-ness Member

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    uckfay at-thay itshay...
     
    Ag-ness, Dec 18, 2011
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  3. systematic

    systematic Well-Known Member

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    outright robbery
     
    systematic, Dec 18, 2011
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  4. Butch

    Butch Active Member Silver Stacker

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    What are you on Ag-ness! ;)
     
    Butch, Dec 18, 2011
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  5. Ag-ness

    Ag-ness Member

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    Orrysay Utchbay....
     
    Ag-ness, Dec 18, 2011
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  6. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    hmmmm - coincidence that the timing of this decision coincides with the recent drop in prices? :/

    Somehow I doubt it is

    These sneaky buggers are really digging deep into their book of dirty tricks now!
     
    BlackSheep, Dec 18, 2011
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  7. hussman

    hussman Member

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    They invented the game, they make the rules as they go.
     
    hussman, Dec 18, 2011
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  8. Dirtbikepilot

    Dirtbikepilot Active Member

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    That is just so wrong. Perhaps a sign of things to come. :(
     
    Dirtbikepilot, Dec 18, 2011
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  9. jackbrown

    jackbrown New Member

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    More fool them for trusting smiling men in suits I think.
    Perhaps a sign? No, an obvious sign my friend. If you don't hold it, you don't own it.
     
    jackbrown, Dec 18, 2011
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  10. thatguy

    thatguy Active Member

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    if you don't hold it.... Some sneaky crimnal in a suit now does
     
    thatguy, Dec 18, 2011
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  11. Guest

    Guest Guest

    You keep telling people this... but I wonder how many actually listen?
     
    Guest, Dec 18, 2011
    #11
  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    None.

    People just assume someone is looking out for them, when in reality you need to look out for yourself.
     
    RetardedMonkey, Dec 18, 2011
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  13. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    And people think that their super is safe? The criminals in suits are off the leash. They will take everything. And give themselves a pay rise as they do it because their job is so stressful.
     
    Shaddam IV, Dec 18, 2011
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  14. jnkmbx

    jnkmbx Well-Known Member

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    If you can't bone it, you don't own it =_=
     
    jnkmbx, Dec 18, 2011
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  15. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Oh... so that's what the milk spots on your silver are.
     
    RetardedMonkey, Dec 18, 2011
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  16. jnkmbx

    jnkmbx Well-Known Member

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    It's what I call amino acid testing. :p
    It ensures liquidity with no money down - trademark secret :cool:
     
    jnkmbx, Dec 19, 2011
    #16
  17. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    You laugh, but somewhere out there some guy (or girl) is "enjoying" their bullion waaaay too much.

    And then they'll sell it and you might buy it.
     
    Big A.D., Dec 19, 2011
    #17
  18. alor

    alor Well-Known Member Silver Stacker

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    I own it, we own it, many voices say they own it. but the bullion bars say in uniform, stay away from us. :) the bullion can talk. :p heehhe, bullions say we got kidnapped.
     
    alor, Dec 19, 2011
    #18
  19. Nugget

    Nugget Well-Known Member Silver Stacker

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    Pirate (aka Trustee) - "Right, I'm here to seize the GOLD and Silver"

    Victim - "There you go"

    Pirate "WTF? these all say 'copy'!!!!"

    Victim - "Gadzooks I've been conned by eBay"

    Pirate *grumbles* walks away

    Victor *snigger*
     
    Nugget, Dec 19, 2011
    #19
  20. Guest

    Guest Guest

    If this is happening now, imagine what's going to happen to people's super sooner or later. Banker tyrants have largely conquered Greece and are planning on taking islands too add to their loot. Anyone who can just conquer countries like that should be watched closely, these forces could easily do the same to Australia (believe it or not)
     
    Guest, Dec 19, 2011
    #20
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