Posted on 11/17/2011 8:24:25 AM PST by Library Lady
That is Celente’s advice to everyone else. Wonder why he was doing different.
I have come to the conclusion that holding junk gold, like junk silver (and by that I mean old US silver coins) is the most effective way to hold silver. I can easily buy old gold rings at several local dealers and the are readily exchangeable should I need that.
Linn-Waldock was bought up by MF. LW is where Gerald Celente had done futures contracts for years
He must have expected collapseto come after December.
Seriously, he rants about the "white shoe leather boys" and the Princeton/Harvard/Yale bankster mafia elite better than anyone all while being one of their customers.
This was just a small part of what Celente is doing. He is very diversified and most likely does the ultimate which is have your very own physical gold (some of it at least) stored in Canada, London, Singapore and other foreign countries. Far beyond possible US confiscation
Celente was using the futures markets to get delivery on gold. Not to speculate
Zombie Banks Drain Celente’s Account!
http://www.youtube.com/watch?v=HUqOlHe-1hs
Great video. Celente is cursing MF and John Corzine, wishing Corzine had died in his infamous car accident of a few years ago where he was not wearing a seatbelt
CELENTE EXPLODES!
I’m sure that Gerald has other investments but he has just learned a good lesson on ordering gold futures in this kind of a market. I still can’t believe he did it. I saw him ranting and raving about it to Alex Jones.
My bet is he was going to request delivery in London or Switzerland and this is an easy way to do it. The commodity exchange (CME) is familiar with safely delivering silver and gold to a foreign bank and can be trusted to do it right (lol)
Real gold bugs are holding some metal outside of Obama’s jurisdiction. The po’ gold bugs can’t do this
Eric Sprott’s physical gold fund is very popular because Sprott is trustworthy and it is held in Canada which is oil, mining and extraction friendly. Gold was never confiscated in Canada in the Great Depression
“My bet is he was going to request delivery in London or Switzerland and this is an easy way to do it. The commodity exchange (CME) is familiar with safely delivering silver and gold to a foreign bank and can be trusted to do it right (lol)”
Probably true. In Canada you can just buy gold at the Post Office or you can just walk into the bank and buy gold or silver. There are some small banks in Nevada where you can buy silver but not gold. My fiancee’ is in the mining business and he has mined and done business all over the West, Alaska and the Klondike. I hear a lot of people are holding gold somewhere outside the USSA right now. My first choice would be BC as you would probably have a better change of getting your hands on it if the SHTF.
BC is British Columbia? The center of the Canadian mining stock industry. Your fiancee seems like a good guy. Gold is good these days. Fiat currencies are in doubt.
Yes digging up your own gold has its rewards. LOL!
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