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Re: Tuff-Stuff post# 431456

Sunday, 12/18/2011 5:52:33 AM

Sunday, December 18, 2011 5:52:33 AM

Post# of 648882
That last paragraph is a doozy! So those old geezers stuffing cash in their mattresses were not crazy after all.

At stake is an unspecified, but apparently large, volume of gold and silver bars slated for delivery to traders through accounts at MF Global, which filed for bankruptcy on Oct. 31. Adding insult to the injury: Of the 28% haircut, attorney and liquidation trustee James Giddens has frozen all asset classes, meaning that traders have sat helplessly as silver prices have dropped 31% since late August, and gold has fallen 16%. To boot, the traders are still being assessed fees for storage of the commodities...

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