In my last post I was angry at Gerald Celente. I feel bad about that now. I’m still am critical of him dabbling in futures, but one should not gloat at others misfortune. If justice is done, one should look dispassionately at it. Not gloat. So sorry Gerald. I hope you can forgive me.
Gerald asked for publicity to this. He sounds very down. He must have lost a lot. And yes, I know it’s 10 days old.
The lesson is deal(/trade) with REAL physical gold. The gold you completely own. Get out of futures. If Celente got burned, you will probably burn too.
If you did, then to me, you deserve to have lost your money. In my eyes it’s not much different from investing in Goldman Sachs, or getting financially involved with the IMF.
“MF Global invested in the Debt of Italy Spain Portugal and Ireland. leveraged by 40:1”
So here we have a leech company living off the debt difficulties of others.
And guess what, Gereld Celente, that ‘Knight of the little people”, had investments in this company. So Gerald, your lovely man of the people’s image – rather like your rather questionable investment – has crumbled.
haha.
I don’t give a monkey’s if you say Farmers invest in futures. That sounds like spin to me. Don’t try and put yourself in with Farmers. Somehow, just somehow, I doubt it’s the same kind of futures your investment with MF Global involved.
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