[ReneCM]

The broker told me I could remove the Margin feature of my account if I was worried about them lending my stocks to short sellers. I may be overreacting to the possibility of broker induced poverty--but I'm acutely sensitive to the fact that I only own a promise that I will be able to redeem my shares at their market value. Promises are only as good as the people who make them, and those people are losing credibility daily. I'm coming rapidly to the conclusion that the only safe investment is one with no counterparty risk--that is, physical PMs. Paper is riskier now than it ever has been. Ponce's solution is the best one.


Hatha