Jim Sinclair Warns Investors To “Instruct Their Broker Dealers To Not Register Stock Certificates in Street Name.”

by Tekoa Da Silva, Bull Market Thinking:

In what may be recognized as a prophetic call within a few years time, legendary gold investor Jim Sinclair (also known as Mr. Gold), issued a dispatch this month entitled “Street Name Review” to readers of his highly followed jsmineset.com, urging investors to hold stock certificates in an ownership form other than “street name registration”.

Says Mr. Gold, “Investors should avoid margin accounts and instruct their broker dealer to not register stock certificates in street name…99.9% of brokerage account investors have no idea what is being done to them when their stock certificates are registered in ‘Street Name‘. It allows their broker to lend their shares to short sellers, driving down the price of your investment.”

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