TYHEE GOLD CORP

(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)

Free
Message: Kitco Pool

Kitco Pool

posted on Oct 14, 2008 10:04AM

How is it posssible that Kitco has no silver for sale but they do allow you to buy into their Pool account. I wondered if the pool was a paper account but it clearly states in their info that they hold physical bullion that I can take delivery of if I should so choose.

According to Kitco:

Pool Accounts, also often referred to as unallocated storage accounts, refer to a precious metal account deposit in which the client does not have title to specific (allocated) bars or coins. The client instead owns a defined but unallocated interest in a pool of precious metals held by Kitco. However, the client is entitled to receive physical bullion in the form of any type bar or coin normally carried by Kitco upon payment of quoted fabrication charges.

I don't think they're holding the physical stuff. I think they're buying off comex. It's got to be BS. I think I'll go join GATA.

Share
New Message
Please login to post a reply