Former New Jersey Governor Jon Corzine's MF Global has gone bust and a good deal of money may be missing as well. Here at the Daily Bell we've often preached the merits of gold, including physical gold. Delivery is always good. Then you know where it is.
Ironically, one of the brightest of the Internet's alternative media analysts, Gerald Celente (founder and director at Trends Research Institute and publisher of The Trends Journal), has apparently lost a lot of money by buying futures rather than gold.
He was waiting to take delivery, he said, until he had enough money to buy. Meanwhile, his money was lodged in an MF Gold account, and now he can't find it, no matter how hard he presses.