Many links to source articles. Brief, understandable explanations for each fraud listed. Some interesting facts about silver. He also links to a past article listing 13 major forms of fraud in the U.S. banking system which is informative also.
Real Silver Protects from Fraud
See the
13 major forms of fraud in the U.S. banking system, in my 2004 essay
here:
Major Frauds of the U.S. Monetary
System Feb 26, 2004 How to Buy Silver & Avoid Getting
Scammed April 20, 2007 That's a good article, but it's a bit outdated now, so here's an
update on the many scams in the silver market, starting with the
biggest.
First, the biggest fraud is the COMEX. 90% to
99% of contracts don't result in delivery, but this market dominates the
price.
The second biggest fraud in the silver market is the
LBMA London Bullion Market Association. These are a collective of
banks who have 75 million ounces of silver, but trade 30 billion ounces of
silver per year The third biggest silver fraud is probably the SLV
ishares silver trust. The fourth biggest fraud in the silver market is
probably the Perth Mint Certificate program.
The fifth biggest silver market fraud is probably
monex.com. The sixth The seventh |
No comments:
Post a Comment