Gerald Celente’s gold account was emptied by MF Global

[ktlight]

"The recent bankruptcy of financial stalwart and Wall Street casino failure MF Global in the US, has claimed a new and unlikely victim. Following the company’s glorious collapse, Trends Research founder Gerald Celente had his own six figure gold investment account completely looted by chapter 11 trustees, and he is fighting to get it back."

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[sygh]

She cut Celente off big time. I bet Gerald was ticked about that. Not months before, no doubt, I'll bet this little RT news station was begging Celente to come on and talk. Now he's down, it doesn't seem right. And that last remark, "We're sorry you lost your money." That went real far.

[Lazlo]

As much as Celente rails on about corruption, I am frankly surprised that he trusted anyone with his "stash".

I expected that it was in a safe in the basement

[Karma Ninja]

I thought it was so pertinent that she pointed out how he is always preaching that people own and purchase PHYSICAL gold and yet he himself got caught trading in the paper gold world! Celente plays the stock game just like anyone. The worlds biggest casino is anything but a sure thing. This man is still an incredibly accurate and gifted trends forecaster but doesn't see it all coming!

Hopefully he is able to get back what was taken from him...

[Taurean]

Tut Tut Gerald, speculating on Futures.

What was that about reaping and sowing ?

I doubt it will dent his wealth too much.

[Fred Steeves]

When I first heard about this yesterday, my first reaction was why in the heck was an informed man like that having ANYTHING to do with ANY business associated with a guy like John (Mr. Bilderberg) Corzine?

Come on Gerald...REALLY?

[Unified Serenity]

I imagine quite a few awake and aware people are trying to make some money using the very system we know is corrupt and can crash in a moments notice. I hope Mr. Celente is not busted, but if he is he will come back. I doubt he had all his gold eggs over there.

[conk]

Sigh,,,,,,,,,if you don't hold it, you don't own it. "Dude, why are you wearing your trousers so low on the hip, trying to look like an urban black"? "No, it's all this gold in my pockets. Sh*t is heavy".

[PathWalker]

There is no accident, and nothing is a coincidence.
Celente is not a victim.
We all play our role in this game.
All are subject to rules of Karma.

[ktlight]

Gerald Celente trades in futures, which means he could not collect until the due date, which he states was to be December 2011.

[Ilie Pandia]

What I got is this:

Celente was trading in futures as a way to invest. That is a risky investment method, so he did not recommend it to every one. Buying physical gold is much safer. However, if you, as a trend forecaster see that gold prices will go up, well of course you will trade in futures. This is just like a person that works with electrical currents will always tell not to touch the stuff, but he is quite comfortable doing it, because he knows what he is doing.

What Celente did not expect is that, in case of trouble, the company he was trading with, took money from his account. That part I am not sure is very legal :). But he should not be surprised. It's always the little guys that pay. (To continue the electrical analogy, Celente had assumed that his tools were well insulated and he won't get a shock, but in fact he did).

Such a coincidence to see this post right after watching "Tower Heist" (http://www.imdb.com/title/tt0471042/) movie :)

[Taurean]

Woah, Gerry is really p**sed off now.

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