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<p>[QUOTE="desertgem, post: 2354747, member: 15199"]And those that trade options based on precious metals such as GLD SLV options, they have prospectus publications filed publically with ( in US)the SEC. Without such the firm can use the gold deposits to satisfy debts, legal claims by others, etc. as part of their business in case of default and the 'paper' or 'digital owner' ends up as a claimant in line rather than 'first off the top' reimbursement. Especially beware of those incorporated in countries with loose or nonexistent participant rights laws. </p><p><br /></p><p>This is not saying that the mentioned firm is one of these, just that since you have values with them, you should have a firm legal document that will protect you if and when it disappears. Many people have a problem using GLD and SLV to have a basis in gold or silver ownership, but if you read the prospectus , every possibilities is discussed. Yes a long work, but that is what you will have behind you.</p><p><br /></p><p>Especially look for 'settlement' as many, including GLD, SLV, and the Bank of China's Gold savings plans, and others say that they can cash out to the participants rather than deliver the metal if they have any. A popular thought is to pretend to hold metal while they play the markets hoping to increase their value and paying off debts in cash or credit card values. Just be careful and get all of the background before committing any funds.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2354747, member: 15199"]And those that trade options based on precious metals such as GLD SLV options, they have prospectus publications filed publically with ( in US)the SEC. Without such the firm can use the gold deposits to satisfy debts, legal claims by others, etc. as part of their business in case of default and the 'paper' or 'digital owner' ends up as a claimant in line rather than 'first off the top' reimbursement. Especially beware of those incorporated in countries with loose or nonexistent participant rights laws. This is not saying that the mentioned firm is one of these, just that since you have values with them, you should have a firm legal document that will protect you if and when it disappears. Many people have a problem using GLD and SLV to have a basis in gold or silver ownership, but if you read the prospectus , every possibilities is discussed. Yes a long work, but that is what you will have behind you. Especially look for 'settlement' as many, including GLD, SLV, and the Bank of China's Gold savings plans, and others say that they can cash out to the participants rather than deliver the metal if they have any. A popular thought is to pretend to hold metal while they play the markets hoping to increase their value and paying off debts in cash or credit card values. Just be careful and get all of the background before committing any funds.[/QUOTE]
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