MF Global collapsed and now the trustee is saying they converted $1.2 billion in customer accounts for the purpose of covering their gambling losses. Worse yet a respected Wall Street Firm, Barnhart Capital Management closed its doors explaining that as a result of MF Global’s failure, they no longer felt that their customers’ money was safe from criminals and that there were much larger failures to come. In such an environment, who can you really trust? You’re better off sticking with your friends and family, at least you know where to find them. Wall Street is rapidly being exposed as a casino where the average play has absolutely no chance of holding on to his money, let alone making a reasonable return. Gold and silver seem to offer the best security and highest returns at this time in history.
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