Loading ... Let me tell you about one Institutional Holder by the NAME of VANGUARD…When they are in SilverMining stocks its not for your benefit …Several years ago I was in their VGPMX gold & Silver Fund what an outrage they pulled on the Stockholders .They were clearly steEring investors away from Gold & Silver in order to protect their larger clientel of S&P holders.JUST WHEN THE METALS WERE GETTING UP A HEAD OF STEAM THEY DROPPED THIS ON THEIR METALS INVESTORS…THEY BARRED ANY NEW PURCHASES OF GOLD & SILVER AND DECLARED HOLDERS OF THE FUND COULD ONLY SELL…NEW PURCHASES WERE BARRED…i WAS SO ENRAGED i IMMEDIATELY ORDERED THEM TO SELL ALL MY ASSETS IN THE FUND AND WENT TO TOCQUEVILLE (TGLDX)GOLD FUND DID IT JUST IN TIME TGLDX PRECEEDED TO MOVE UP 300 % FROM THERE AND VANGUARD FUND WENT NOWHERE …IT WAS CLEARLY SUCH A ANTI GOLD & SILVER MOVE .I WOULD HAVE MISSED OUT ON A 300 % MOVE !
I WILL NEVER FORGIVE VANGUARD FOR THAT ! VANGUARD IS ONE OF COEURS INSTITUTIONAL HOLDERS …WHEN IT COMES TO GOLD & SILVER I DONT TRUST EITHER OF THEM.VANGUARD WILL SELL YOU OUT TO PROTECT THEIR LARGER s&p BUSINESS ..COEUR WILL REVERSE SPLIT YOU TO ZERO TO PROTECT MANAGEMENTS HIGH SALARY INTERESTS NOT YOURS.
Peter Lynch Guru Analysis for Coeur Mining,