by Nick Hodge, Wealth Daily:
Is what we’re all chasing even real? Trades and investments we make today are largely done electronically.
You aren’t trading gold-backed dollars for commodities or equity in a company. You’re trading a string of ones and zeros for another string of ones and zeros.
Think about it… When’s the last time you took delivery of a commodity or were sent a stock certificate after you bought shares?
Half the time, I’m in and out of trades faster than something could be stamped and delivered. So, how do we even know those commodities or shares are real?
JPMorgan, for example, is estimated to have sold between $1 billion and $3 billion of silver that doesn’t even exist. You or I would call that fraud. On Wall Street it’s called something like “naked short selling” or a “derivative” or “leverage” or some other bogus term to pull the wool over our eyes.