Jim’s Mailbox

Posted at 2:13 PM (CST) by & filed under Jim's Mailbox.

Jim,

No mention of gold, yet one should still take notice.

The only reason for this serious accumulation to begin taking place is the flight to hard assets. Hyperinflation will make a simple rock cost the consumer dearly!

Take note from the actions of big money… and follow their lead (with gold of course – much easier to store).

CIGA Wolfgang Rech

Millions of Tons of Metals Stashed in Shadow Warehouses
By Tatyana Shumsky

The world’s metal is slipping into the shadows.

Banks, hedge funds, commodity merchants and others are stashing tens of millions of tons of aluminum, copper, nickel and zinc in a hidden system of warehouses that span the globe.

These facilities are known to some in the industry as "shadow warehouses" because they are unregulated and don’t disclose their holdings.

They operate outside the London Metal Exchange system of warehouses, the traditional home for these metals.

As of October, a record seven million to 10 million tons of aluminum were being housed in these facilities, in countries as far apart as Malaysia and the Netherlands, according to estimates from several analysts.

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