Warning For Those Of You Storing Metals From A 20 Year Trader In The Metals Business
SteveQuayle.com
Hello Steve,
Please share this with your fans.
I have been a broker for 20 years. Recently the major broker dealer I work
for asked me and my clients to leave due to too high of a concentration in
physical metals. After 4 months of trying to find a new home for my
business, and being denied by every major broker dealer in the US, I had
no choice but to become and RIA.
After three months of complete BS getting my RIA approved I am now in the
process of moving my clients and metals to the new custodian. Here is
where things get interesting. Every transfer is being rejected multiple
times for the any reason the old major broker dealer can come up with.
More interesting is all of the metals which have variable weights like
1,000 Silver, 100 oz gold and 50oz platinum, when the old broker dealer
finally does transfer the metals to the new custodian, NONE of the bars are
the same in weight or serial number as my clients statements. The old
broker dealer is having to come to me and my clients with bars of different
serial numbers and weight than the one listed on the statements or from
old trade confirms.
This mis-match on transfers proves to me that the old broker deal NEVER had
the metals and are now having to go acquire them to make good on client
transfers. Coincidentally, I was also a broker at Morgan Stanley in 2006
when MS got busted for excessive storage fees and it turned out MS never
owned the metals that were printed on client statements either.
Moral to the story, if you own metals at a major broker dealer, just
because they are printed on your statement, does not mean they exist. I
highly recommend shipping them home, even if they are in a qualified
account. If there too much to take out of a qualified account, transfer
them to a new custodian, for the new custodian will not accept the transfer
without video taping and verifying the move of metals from the storage
depository to the new storage depository.
Last thing, I am 100% for sure that the most of the metals have been
removed from the United States, and when the stock market and bond market
crashes this fall, all metals in private accounts will either not be there,
or confiscated.
Heed this warning people, then end is HERE.
God Bless Steve… Keep Telling The Truth… We Are Making A Difference
Stephen (20 year financial advisor from four of the largest broker dealers)
http://www.stevequayle.com/index.php?s=33&d=406
Jun 6, 2013
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Whistler Blowers, Insiders
Called this one two years ago. Anyone who looked at the amount sold vs extracted would have seen this.
The GLD prospectus is a joke in that is so obviously a fraud. That GLD was permitted to go on market with terms as stated in its prospectus shows how fraudulent the system is. GLD does not insure its gold. GLD has no right to inspect the vaults. GLD has no control over its subcustodians. GLD’s custodian is HSBC, which settled a civil suit for drug money laundering.
Steve Qualye is a jerk, a liar. Not saying that there are not some truths that come from Quayle sources. No doubt allocated gold was leased out, and stolen.
/spirit/2013/06/hide-under-your-bibles-2478766.html
/spirit/2013/06/world-council-churches-backs-un-arms-treaty-2478710.html
Jesus H. Christ – is no one honest?
Just another BS story… this site is 2/3 BS …
B/S story!?! You gotta be kidding me, right?. Does MF Global-Jon Corzine ring a bell? Cyprus? or, this
http://www.zerohedge.com/news/2013-06-04/jpm-comex-gold-slides-new-all-time-low
It is getting real and I really hope you are either ready for a financial implosion, or getting ready for it.
LOL, no suprise, its all lies. Sweet umicore 250 loaves (top left).
It’s not going to matter in the end anyway because it specifically says in the Bible that people will be throwing their gold and silver in the streets because it won’t be of any use to them.
I’m thinking we will be bartering for the things we need…. like food/clothing/matches/lighters/tools/guns/ammo/water, etc. you can’t eat gold or silver people and it won’t keep you alive.
Stupid People Hater,
Yours is the only INTELLIGENT comment to date!
The rest of the TRUTH about the world situation is free to read on-line …
http://www.theakurians.com … just follow the links, especially the Book cover
Colonel Robert F. Cunningham,
Albuquerque
I wish someone could explain to me why big banks and the rest of the monied elite hoard gold and silver if it is such a worthless commodity.
I think peoples trashing metals all of the time is just sour grapes because they don’t have the means to aquire it for themselves.
Life is hard, but it’s a lot harder when your stupid.
Smart guy please tell me; when you have aguired all the things you need to suvive THEN what should you do with your toilet paper (currency) after that?
Metals are a form of wealth preservation, but I think I’m just preaching o the choir.
True, depending on the degree of potential collapse. That’s not stopping me from being a “collector” though.
I’m expecting a true EMP/CME/Meteor/Earthquake/pole shift/economic “Walking Dead” zombie apocalypse scenario. I highly doubt I’ll be seeing animated corpses…but..if I do, I’ll be as ready as possible.
Hidden in a wall or buried in your back yard is safer than in a bank or brokerage house.
Never, never, never trade in paper gold or silver. That is your first mistake. Take possesion and BURY it.
Mr. People Hater has the right idea … but I would add that we should all include some small volume non-denominational silver coins — forget gold, way too expensive for even fractional coins — in our preparations kits … No need to hoard but get .999 fine silver coins from ingots … these are dealer coins or even mint coins and they sell for about $1 over the spot price … a few hundred dollars worth should be all you need.
Also, buy a few boxes of ammo in calibers you don’t need but that are commonly used … great trading stock if the end does come.
I’m a big believer in edged weapons … folding knives, fixed blade knives; even something like a big Bowie Knife or a Roman-style short sword… not only are these useful defense & offense weapons they’re wonderful additions to your survival kit tool box …
Understand this: even now your paper money isn’t really worth much … ‘precious metals’ probably won’t be as useful as the salespeople in the metals industry claim when the currency finally dies … but it will have some value and a little of it is worth having … if for other reason that to a custom loader/reloader these coins can be melted down and alloyed to make new bullet projectiles …
I don’t think collapse is as imminent as a good many of us think it is but collapse is not impossible so it behooves us all to think rationally and make reasonable preparations for surviving it.
WHERE can you get .999 silver coins for a dollar over spot? Thats a joke! the premiums are INSANE as we speak! I’ve seen some coins at close to 50% premium! (yuan 1oz, CC purchase) 31.16 Thats almost a 10.00 premium!
SPOT price this am 21.75
Apmex price for one 1oz coin (bullion, check or wire) 24.94 thats a 3.19 premium
Apmex price for one 1oz coin (credit card) 25.69 thats a 3.94 premium
PLEASE oh wise one… please tell me where I can get a .999 coin for a 1.00 premium.
Shame he does not have sentence check… or use spell check or proof read what he writes…
Hope ium is a suckers game.
Definitely NOT BS….Jim Sinclair’s million dollar friend had to sue to get his phyzzz gold delivered and took almost a year.
Let’s see, you buy the gold from an honest banker, who is selling it through an honest lawyer, and you haven’t actually ‘seen’ the gold, but you think it exists? duh…
or there is a good bit of tungsten in the gold bars and no way to trace back to the seller ~ with different numbers on paper ~
This is accurate.
I use the best custodian around. Me. Playing the paper chase is going to leave a lotta folks holding the equivalent of toilet paper.