Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree2Likes
  • 2 Post By DSAbug

Reply
 
LinkBack Thread Tools
Old 07-10-2013, 02:50 AM   #1
Ground Beetle
 
mike's Avatar
 
Join Date: Feb 2012
Location: Texan in Sweden
Posts: 549
Liked: 306 times
Which gold broker did Gerald Celente use?

I've been thinking about trying a gold broker, cashing out to physical periodically of course, and I was wondering what gold broker Gerald Celente used, so I can avoid it (if it's still in business). Are there any good brokers, or does Corzine still have his claws in any?
__________________
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

H. L. Mencken

comparegoldandsilverprices.com
mike is offline   Reply With Quote
Old 07-10-2013, 04:53 AM   #2
Ground Beetle
 
bushi's Avatar
 
Join Date: Nov 2011
Posts: 971
Liked: 554 times
He was with MFGlobal for sure, dunno about others(?)
__________________
“...the issue which has swept down the centuries and will have to be fought sooner or later is the People versus the Banks.
Lord Acton
bushi is offline   Reply With Quote
Old 07-10-2013, 05:45 AM   #3
Ground Beetle
 
mike's Avatar
 
Join Date: Feb 2012
Location: Texan in Sweden
Posts: 549
Liked: 306 times
I thought Celente said that the broker was known by some other name, and he had no idea that MF Global bought them.
__________________
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

H. L. Mencken

comparegoldandsilverprices.com
mike is offline   Reply With Quote
Old 07-10-2013, 07:52 AM   #4
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
if you are just going to buy gold for delivery, ask a local dealer to buy buy the bars for you. There is no reason for you to setup a futures account unless you are going to actively trade. Why you'd want to trade futures is beyond my understanding. Especially if you recognize the inherent problems with counter party risk.

btw.. I'm not just a hedgefund guy, I'm also a broker.. I could just as easily say "I can help you with that" but it would cost you more and it would likely cause you more headaches with paperwork than it's worth.
PMBug and bushi like this.
__________________
"A little more persistence, a little more effort, and what seemed hopeless failure may turn to glorious success.: - Elbert Hubbard
DSAbug is offline   Reply With Quote
Old 07-10-2013, 08:55 AM   #5
Ground Beetle
 
mike's Avatar
 
Join Date: Feb 2012
Location: Texan in Sweden
Posts: 549
Liked: 306 times
I'm just trying to improve my savings routine. Currently, I save for months, wait for a bottom, and buy a large volume (to save on shipping and premiums. no LCS here). Sometimes I get weak and dip into my savings, but I never sell my precious PMs no matter what. So I was thinking a broker account would give me that mental division I need to keep my hands off the savings- not to mention the fees that would be incurred by withdrawing, which I don't have at the bank. I think the cost averaging would give better results too.

I would have the physical delivered whenever I've saved enough to take delivery of course.

I'm still gathering the info and haven't decided if I'm going to do it, so thanks for the tips DSABug.
__________________
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

H. L. Mencken

comparegoldandsilverprices.com
mike is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Broker re-hypothecation widespread? PMBug Fiat Ponzi 6 01-21-2012 05:49 AM
Gerald Celente loses his paper gold PMBug Gold Bug 17 12-28-2011 11:29 AM


All times are GMT -5. The time now is 07:45 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.