What a buncha turkeys running the Mint! It's incredible the lengths the Cartel fanciers will go to stretch out the fallacy of ample Gold & Silver bullion supplies in the real world. Just goes to show how desperately low large users must be on supply. But the story also has an interesting twist. Kitco recently introduced a new Silver/Gold bullion investment vehicle named the "Kitco Royal Canadian Mint Prestige Account." Here's quick blurb that explains what investors get for buying into this scheme:
Peace of mind like never before.The Kitco Royal Canadian Mint Prestige Account enables investors to own unallocated (un-segregated) gold and silver held by Kitco on their behalf at the Royal Canadian Mint. As there are no purchase or sale minimums, it is extremely easy and affordable to invest in precious metals via the Kitco Royal Canadian Mint Prestige Account.
Link the two pieces of the puzzle together and you get the full picture which hardly inspires "peace of mind." When you buy into this Kitco account, what you get is not a piece of real Silver or Gold but rather the opposite - a debt and promise to deliver to the RCM's creditors, all the ounces held in your account! What a complete joke!!!!
Thanks very much for the offer Mr Kitner but I'll stick with my shares in ECU, in a company that actually owns the bullion locked up safely in an unhedged underground vault, waiting patiently for starving users to begin submitting bids!