KITCO Fiber Optics is a major provider of fiber optic connectorization items and consulting solutions to the military and commercial communications industry. The goals of this page are to alert folks to the recognized relevant facts, to explain why I think that that a prudent investor does not currently have adequate data to safely invest in the Kitco Pool, and for Kitco Pool consumers to request the essential information from KITCO reviewed .
I believe that one of the principal causes it became really well-known is that Kitco claimed that it was one hundred% backed by physical valuable metals, that have been not component of Kitco's assets, belonging entirely to Kitco's consumers who are Pool holders.
No prudent investor would invest in an unallocated account (such as the Kitco Pool) instead of an allocated account, unless the advantages (such as low expenses) outweighed the drawbacks (usually the concern of loss of money in the occasion of a bankruptcy).
Metals business Heraeus at one particular point attempted to hold $1.8M of Kitco Pool inventory, claiming they had been entitled to hold it as collateral when Kitco owed them funds but did not have the liquidity to pay them (Kitco did contest this try).
<img src="http://silverprice.org/charts/history/silver_30_year_k_cny.png" width="252" />
In July, 2014 when I asked the CCAA monitor some queries, they referred me to the documents I had already reviewed (CCAA documents and the Kitco internet site), and then chose not to comment when I mentioned that I felt the information permitted the Kitco Pool to not be one hundred% backed by metal.
<img src="http://www.kitco.com/LFgif/ag0182nys.gif" width="252" />
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columnroom26
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