An amusing difference between those using MF Global and those using Mt. Gox is that, as I understand things, most typical users of Mt. Gox were made whole by Mt. Gox (and by extension, the Bitcoin currency system.) This has yet to happen for Celente et-al who put their faith in the regulatory structures supporting the USD currency system {chuckle}.
But when (not 'if') Celente is made whole, I bet it will by my tax money that pays him off in the interest of 'supporting market confidence'. {frown}
I'll chock this up as a win for the Libertarians (as much as I hate to admit it.)
Topic: Gerald Celente Gox'd by MF Global/Lind Waldock (Read 2083 times)
I don't exactly get why people don't just buy retail bullion. Even people with enough money to get a contract, can limit order at a bullion dealer and pay maybe 1% more.
i don't blame him for what he was doing with the futures contracts. he was taking delivery from the Comex which is contributing to pressure on supplies.
it was part of a diversified strategy.
OTOH, i think pm's and the miners are on the precipice.
it was part of a diversified strategy.
OTOH, i think pm's and the miners are on the precipice.
Of all people, he should have known better. Gambling is not the same as investing.
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