In the aftermath of the MF Global theft and scandal, a new discovery is surfacing in the legal capabilities of bankruptcy trustees.
The right to confiscare property, even if it is owned by clear deed or receipt by a customer not associated with the failed company.
With MF Global, we first learned the diabolical consequence of Re-Hypothicaton. Now, the other shoe drops and the system is showing its bite and is claiming the right and power to take legitimate private property, albeit the gold and silver investors own and have stored in warehouses.
The old axiom every investor should know: If you don't hold it, you don't own it.
Cant wait for the owners to sue the CME and the judge awards them fiat currency, while the exchanges get to keep your gold.