Tuesday, February 3, 2009
YOU JUST CAN'T TRUST ANYONE ANYMORE
AUDIT AFTER GOLD DEALER’S SUICIDE SUGGESTS CUSTOMERS LOST MILLIONS
By ROBERT J. COLE
Published: October 5, 1983
NEW YORK TIMES
Some $60 million worth of gold, silver and platinum sold to thousands of individuals and then supposedly stored in Rocky Mountain vaults may never have existed, an investigation suggested yesterday.
The possibility emerged in an audit conducted by the accounting firm of Touche Ross & Company in connection with the suicide last Wednesday of Alan David Saxon, 39-year-old chairman of Bullion Reserve of North America, a gold dealer with offices in Los Angeles, Dallas and Hong Kong.
Bullion Reserve has 30,000 to 35,000 customers. If the missing assets cannot be found, most of their investments may be lost.
http://query.nytimes.com/gst/fullpage.html?res=9C01E5DE173BF936A35753C1A965948260&sec=health&spon=&&scp=1&sq=AUDIT%20AFTER%20GOLD%20DEALER%27S%20SUICIDE%20SUGGESTS%20CUSTOMERS%20LOST%20MILLIONS%20&st=cse
LINK AVAILABLE ON JSMINESET.COM
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1 comment:
I sure am glad I took everyone's advice early on and bought physical.. GT - in reading the marketwatch forum from time to time, the character "unwashedmass" reads almost just like you, in terms of opinion, commentary. There are a few funny ones on there. Hope all are having a great week-
Clymer
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