Thanks, Clavis for posting this. I do follow the Sinclair website 'Mineset" but had not yet seen this item.

Sinclair has been warning for some time about the dangers of dealing through financial intermediaries. I tried to make an enquiry by email as to whether, or to what extent, this might apply to our Canadian Banks and their investment subsidiaries. The reply I received was (to me) rather vague and unspecific. Perhaps that is the only way they could respond.

Theoretically, this issue could become devastating for all of us, and has been in a recent bankruptcy in Australia. Has anyone dealing through intermediaries in Canada looked into this? Again, I tried to explore it with Scotia McLeod Direct Investing without obtaining any satisfaction. They did tell me that each share certificate issued to me directly would cost $50., but that many companies no longer issue share certificates.

I have been telling myself that Canada is at least for the time being, immune from an instant breakdown in the banking/investment activities. I'm wondering if I'm living in a Fool's Paradise?

Any thoughts? This has the potential to reduce all our other concerns to dust!

Regards, Orange Flash