Goldman Sachs Group Inc. Files 8k Form Initializing $15,000,000 in Gold-Linked Bonds
By Tekoa Da Silva
…. Additionally–Will the sucking sound of this first filing be one of many to vacuum away market capital which would otherwise have been allocated to mine financing?
It appears likely. But the major elephant in the room remains MF Global. The ramifications of their bankruptcy event have yet to be fully seen in the marketplace, and in this writer’s opinion, MF Global will be the first of many high-profile broker-dealer bankruptcies coming in the years ahead. Although short term pain, setbacks, and competing products continue to mount pressure on gold and silver mining share investors, when the final bankruptcy extinction-level event ripples through the global financial system, physical metal holders and mine owners will the be the kings and queens of tomorrow’s financial elite.