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Gold/Mining/Energy : Silver prices
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To: AurumRabosa who wrote (1391)11/17/1998 6:59:00 AM
From: long-gone  Read Replies (1) of 8010
 
Ron,
While you are correct in suggesting there is nothing fraudulent about leasing anything one ownes, that does not fully describe the current metals situation. The problem (as I and others see it) is not that some large public, central banks, and major brokerage houses have loaned metals at a lower price than production cost, it is that these same factions were in the business of shorting the metals for profit of select customers & themselves, while telling the investing public not to invest one single dollar in metals as it was a poor investment, and releasing of "news" with each rally. These actions with the (only slightly limited) control of the investment vehicles sold to public and investment advice assured a control of monies which could be invested in metals. I heard that less than 1% of Americans have available for investment of their 401K a precious metals fund. When you put these factors together, it nears market manipulation, and Bishop Desmond Tutu(and others) of South Africa have called it manipulation.
rh
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