John Adams Legal Defence Fund
Donation protected
John Adams
Independent Australian Economist and Silver Market Analyst
John Adams has been on a global campaign for the past 2 months warning about the risks of investing in synthetic silver products - that is unallocated, pool allocated and exchange traded funds (or ETFs).
These products do not give retail investors direct legal ownership and title to physical bars and coins; rather, they provide investors with promissory notes (or silver certificates) that carry significant counter party risk.
These products - or promissory notes - are sold by many bullion dealerships and mints around the world on the claim that they are 100% supported or backed with the requisite bars of physical silver.
However, in reality:
- these products are not properly audited;
- these products are bought and sold in opaque market environments with little transparency and market information; and
- a significant number of providers manage these products on a fractional reserve basis (meaning that they don't have all of the required silver).
John Adams has explained the risks associated with 'synthetic silver' investments in multiple interviews and discussions through alternative media platforms such as YouTube as well as through social media platforms such as Twitter.
By leasing the discussion on this issue, John Adams has developed powerful enemies within the international gold and silver industry.
These enemies are trying to intimidate and silence John Adams with the threat of litigation and financial ruin.
On 29 April 2021, John Adams received a Cease and Desist demand from Dentons Australia Limited on behalf of their client, Kitco Metals Inc. (Kitco).
Kitco alleges that several Tweets published by John Adams from 7 to 11 April 2021 were advanced with the intention to harm Kitco's reputation.
Kitco alleges that John Adams "caused and will continue to cause Kitco severe, unlawful and irreparable damage, including but not limited to reputational damage and financial loss and damage."
Kitco alleges that John Adams' Tweets "constitute injurious falsehood, for which there is an entitlement to relief and damages in tort".
Kitco did not specify where the falsehoods lay in John's Tweets, nor did they identify any financial loss that they have suffered.
Nevertheless, Kitco gave John Adams just 24 hours to bend to their demands or face litigation from Kitco.
Kitco's actions are that of pure intimidation.
Kitco seeks to silence the discussion about its own activities, which has long been described by American and Canadian silver analysts as highly dubious.
Kitco's lawyers, Dentons Australia, are also trying to intimidate and silence John Adams.
On 1 May 2021, John made Kitco's 'Cease and Desist' demand available to the public; after which he was immediately served with a copyright infringement notice from Dentons Australia.
The battle for transparency in the global silver market rages on and the fight between John Adams and Kitco is just the tip of the spear.
You can join the battle by making a contribution to this legal defence fund.
Funds raised from this campaign will go towards covering John Adams' legal costs which includes legal fees, consultants, filing charges, photocopying, etc.
Independent Australian Economist and Silver Market Analyst
John Adams has been on a global campaign for the past 2 months warning about the risks of investing in synthetic silver products - that is unallocated, pool allocated and exchange traded funds (or ETFs).
These products do not give retail investors direct legal ownership and title to physical bars and coins; rather, they provide investors with promissory notes (or silver certificates) that carry significant counter party risk.
These products - or promissory notes - are sold by many bullion dealerships and mints around the world on the claim that they are 100% supported or backed with the requisite bars of physical silver.
However, in reality:
- these products are not properly audited;
- these products are bought and sold in opaque market environments with little transparency and market information; and
- a significant number of providers manage these products on a fractional reserve basis (meaning that they don't have all of the required silver).
John Adams has explained the risks associated with 'synthetic silver' investments in multiple interviews and discussions through alternative media platforms such as YouTube as well as through social media platforms such as Twitter.
By leasing the discussion on this issue, John Adams has developed powerful enemies within the international gold and silver industry.
These enemies are trying to intimidate and silence John Adams with the threat of litigation and financial ruin.
On 29 April 2021, John Adams received a Cease and Desist demand from Dentons Australia Limited on behalf of their client, Kitco Metals Inc. (Kitco).
Kitco alleges that several Tweets published by John Adams from 7 to 11 April 2021 were advanced with the intention to harm Kitco's reputation.
Kitco alleges that John Adams "caused and will continue to cause Kitco severe, unlawful and irreparable damage, including but not limited to reputational damage and financial loss and damage."
Kitco alleges that John Adams' Tweets "constitute injurious falsehood, for which there is an entitlement to relief and damages in tort".
Kitco did not specify where the falsehoods lay in John's Tweets, nor did they identify any financial loss that they have suffered.
Nevertheless, Kitco gave John Adams just 24 hours to bend to their demands or face litigation from Kitco.
Kitco's actions are that of pure intimidation.
Kitco seeks to silence the discussion about its own activities, which has long been described by American and Canadian silver analysts as highly dubious.
Kitco's lawyers, Dentons Australia, are also trying to intimidate and silence John Adams.
On 1 May 2021, John made Kitco's 'Cease and Desist' demand available to the public; after which he was immediately served with a copyright infringement notice from Dentons Australia.
The battle for transparency in the global silver market rages on and the fight between John Adams and Kitco is just the tip of the spear.
You can join the battle by making a contribution to this legal defence fund.
Funds raised from this campaign will go towards covering John Adams' legal costs which includes legal fees, consultants, filing charges, photocopying, etc.
Organizer
John Adams
Organizer
Figtree NSW
