To Orange Flash

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Clavis

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To Orange Flash

posted on Oct 07, 2008 04:39PM

To protect your retirement accounts you have two avenues of approach.
a. You request direct registration as a book entry at the transfer agent, naming your trust entity and your retirement account name. This creates what equates to a check requiring two signatures and thereby assures a fast settlement and payout by a bankruptcy judge.
b. You require your trust agent to assure you that your IRA is held in a true custodial form. That means the assets of the retirement account are segregated to your IRA account name and is not part of the balance sheet of the financial agent. If those assets are in the nominee name of the Trust agent your assets are on their balance sheet.

Share investments in precious metals entities can be protected three ways. The first is to take paper delivery of your shares where available. The second is by you ordering direct registration as a book entry at the transfer agent. Third is that you keep your shares at a financial agent that offers true custodial accounts. **Note - Canadians cannot get direct registration at the transfer agent for Canadian entities. We are working on that.

All those holding Swiss, Euro and Cando short-term treasuries in their accounts as true custodial form need to take one more step. That is to firmly ask if the broker holding these assets are certain that the depositories for the broker have provided your broker themselves with true custodial form.

This is a systemic problem where we may need to build new forms of protection to rest comfortably. We must be sure that our broker has protected itself (the brokerage house or bank) in order to protect you when offering true custodial accounts.

Each link in the chain of ownership must be firmly segregated, not held in nominee form.

Settle for nothing less.

Sorry, I did not get your other post before replying. I am in the UK so it is different for me. Maybe a retirement account is the answer? Or, email Jim to see if they have any ideas. He suggests 'That is to firmly ask if the broker holding these assets are certain that the depositories for the broker have provided your broker themselves with true custodial form' (Sorry about delay, lost my mobile connection).