The Nadler/Kitco Con

Hi Bill -
Not to beat a dead horse but all this talk about Jon Nadler is a waste of breath. As I discussed before, Nadler invented the gold derivative product called “Pooled Accounts” and is constantly talking down gold because the brilliant business idea he implemented at the Perth Mint, Kitco and the Royal Mint of Canada is blowing up! He has to talk down gold or his paper gold ponzi scheme will blow up.

Have you ever noticed the gold pricing structure at Kitco Products?

online.kitco.com/bullion/completelist.html

Kitco charges one of the highest premiums in the gold business for bullion coins that they sell. About 10% above spot for gold eagles!

Similar high mark ups are charged for all bullion products compared to operations like Tulving. It would be ridiculous to buy physical bullion from Kitco.

BUT LOOK AT THE POOLED ACCOUNT PRICING!

With gold at $1090 Kitco is offering “Pooled Account Gold” at $2.40 over spot or a premium of .0023%!

How in the world can Kitco EVER make money on a “Pooled Account” program if they charge .0023% to store physical gold??!!

Not to mention the cost to run the operation just the Insurance and storage alone would blow that charge out of the water!

The TRUTH is that Kitco, the Perth Mint and Royal Bank are all running paper gold ponzi schemes that are blowing up with the rise in the price of gold.

Jon Nadler is not stupid…he is trying to preserve the paper gold derivative product he invented.

The Perth Mint and Royal Bank claim that the unallocated pooled accounts are “working inventory” but Kitco doesn’t have a Mint as far as I know. Where is their “working inventory” backing up their pooled accounts”?

Multiple claims to physical gold in a rapidly rising price environment spells trouble for Jon Nadler and the businesses he sold his “Pooled Account” concept to.

He will continue to talk his book and slander gold until his scam is shut down.
Bix