MF Global ramifications: Property rights under threat?

Corzine of MF Global didn't just steal funds from accounts, via its administrators - physical gold owned by (segregated) account-holders was also purloined. The gold owners might get 75% of it back. ...of their own certificated property.

Theft. Pure and simple.

Gerald Celente was one of the victims of the fraud:



Max Keizer illuminates the gold fraud and asserts that Comex has no gold - which is why customer-owned gold was purloined. More worryingly, he wonders if mortgage-holders are similarly at risk of being defrauded.



Keiser predicted last year that something like this would happen as the likes of JP Morgan and Goldman Sachs have sold more physical silver and gold than actually exists in the world.  (Which is why it's absolutely necessary to take immediate physical possession of bullion or sovereigns on purchase).