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Where's the Gold - odd things happening down at the Comex
#31
Peter Lemkin Wrote:What were the composition of most of the fake bars? Lead covered in gold? A gold amalgam? Other? These days there is so much DU around, that might even be cheaper than gold by a long shot. Hey buddy, your gold bars are radioactive!.....

They're Tungsten Peter - a lot heavier than lead.

Specific gravity just 1% ish less than gold so near impossible to spot without drilling - though I've no doubt some form of electrical impedence gizmo could be produced.
Peter Presland

".....there is something far worse than Nazism, and that is the hubris of the Anglo-American fraternities, whose routine is to incite indigenous monsters to war, and steer the pandemonium to further their imperial aims"
Guido Preparata. Preface to 'Conjuring Hitler'[size=12][size=12]
"Never believe anything until it has been officially denied"
Claud Cockburn

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#32
Peter Presland Wrote:
Peter Lemkin Wrote:What were the composition of most of the fake bars? Lead covered in gold? A gold amalgam? Other? These days there is so much DU around, that might even be cheaper than gold by a long shot. Hey buddy, your gold bars are radioactive!.....

They're Tungsten Peter - a lot heavier than lead.

Specific gravity just 1% ish less than gold so near impossible to spot without drilling - though I've no doubt some form of electrical impedence gizmo could be produced.

Well the tricked can hope against hope for a rush on Tungsten futures....Stupid:bird:

Just checked. W - specific gravity; 19.3 Au - specific gravity 19.32 - very clever! W now at about $35/Kg....quite a 'margin'! Caveat Emptor!
"Let me issue and control a nation's money and I care not who writes the laws. - Mayer Rothschild
"Civil disobedience is not our problem. Our problem is civil obedience! People are obedient in the face of poverty, starvation, stupidity, war, and cruelty. Our problem is that grand thieves are running the country. That's our problem!" - Howard Zinn
"If there is no struggle there is no progress. Power concedes nothing without a demand. It never did and never will" - Frederick Douglass
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#33

Financial Fraud in the Gold Market: Banks Pledge Same Gold to Numerous People

By Washington's Blog
Global Research, December 22, 2012
Washington's Blog



Banks Pledge Same Collateral Numerous Times

Big banks pledged the same mortgage to numerous people.
Similarly, big bullion banks borrow gold from central banks, and then rehypothecate it numerous times:
* * *



A 1999 study by the International Monetary Fund found that 80 central banks lent out 15% of their official gold reserves.Central banks now appear to have too little gold to meet their commitments.
And private banks are raiding allocated gold accounts.

Are Banks Raiding "Allocated" Gold Accounts?


Beware: "Allocated" Gold May Not Really Be There

In 2007, Morgan Stanley paid out $4.4 million to settle a class-action lawsuitby its clients alleging that Morgan Stanley took money from them for buying precious metals on their behalf, took money from them for "storage" of these precious metals accounts, but only pretended to purchase the bullion.
Avery Goodman points out that MS has just launched a similar scam, offering "allocated" metals, butgaming the definition so that the holdings are not really allocated.
On May 21st, Matterhorn Asset Management's Egon von Greyerz alleged that Swiss banks are trading physical gold bullion which is being held in special "allocated" accounts for its customers:
We are stressing to investors to take their gold out of the banking system, not only because there are runs on banks that will continue, but the risk of being in the banking system is major. So you should take the additional step of not just owning physical gold, but also owning it outside of the banking system.
We (just) had an example of a client moving a substantial amount (of gold) from a Swiss bank to our vaults, and we found out the bank didn't have the gold. This was supposed to be allocated gold, but the bank didn't have it. We didn't understand why there was a delay (in our vaults receiving the gold), but eventually we found out why there was a delay (the bank didn't have the gold). It's absolutely amazing, but not surprising.
This confirms what I've always thought. Not only should you not have gold in banks or even unallocated gold, but even allocated gold. It seems that some banks don't even possess that. So the risk of having gold in the banking system is major."
On May 23rd, John Embry Chief Investment Strategist of Sprott Asset Management, with $10 billion under management added:
When the customer finally got his gold, it was 2011 minted bars. This made no sense because he had been holding the allocated gold for years. That's just another example that even the allocated gold in the banking system has probably been loaned out. Many of these customers will wake up one day and realize they entrusted their gold to the wrong people."
Jim Willie claims that :
Swiss face hundreds of $million lawsuits, for refusal to deliver Allocated gold.
Similar reports have come from Canada and other countries.
Given the numerous reports of supposedly "allocated" gold not being there, it should not be entirely surprising that wealthy investors are taking matters into their own hands … literally.
Kirby Analytics notes:
We are hearing anecdotal accounts that beneficial owners of "allocated" gold bullion in London and other European centers have showing up at bullion banks and demanding their physical metal be a] viewed and assayed, and then b] withdrawn from the vaults of banks.
And as we pointed out in 2010:
Omnis' Jim Rickards, GATA's Adrian Douglas and others have demonstrated that the big bullion dealers and ETFs don't have nearly as much as physical bullion as they claim.
Should a substantial portion of investors in these vehicles demand physical delivery at the same time, it could cause a panic in the gold market which would cause a huge run up in gold prices.
http://www.globalresearch.ca/financial-f...le/5316607

"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
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#34
Well, not much of a surprise here...and I doubt our former expert on Gold [DG] would be surprised. Banks 'NORMALLY' loan out the same money several times over, so why not gold and mortgages too? New word for the day....rehypothecate. Banking is just high crime in Armani suits and expensive suites....and to think they basically run the world - and definitely run the intelligence and media apparati - own the majority of the politicians...very clever...and very sinister.
"Let me issue and control a nation's money and I care not who writes the laws. - Mayer Rothschild
"Civil disobedience is not our problem. Our problem is civil obedience! People are obedient in the face of poverty, starvation, stupidity, war, and cruelty. Our problem is that grand thieves are running the country. That's our problem!" - Howard Zinn
"If there is no struggle there is no progress. Power concedes nothing without a demand. It never did and never will" - Frederick Douglass
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#35
It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold



Submitted by Tyler Durden on 01/16/2013 17:16 -0500

........
What can one say: politics, fully, theatrically and embarrassingly "endorsed" by the children sitting behind the president.
* * *
But the biggest news of the day comes from the official Buba announcement that, in its official capacity as a prudent central bank, it - as first of many - is looking to repatriate some 300 tons of gold from the New York Fed. That, however, is not today's news - that was Monday's news.
What is news is that courtesy of the supplied calendar of events in the Buba statement, it will take the Fed some seven years to procure Germany's 300 tons of gold. This is the same Fed that, in its own words, holds some "216 million troy ounces of gold" or some 6720 tons, in its vault 80 feet below ground level.
Putting the above in perspective, the amount of gold that Germany will have to wait 7 years for is shown in red. The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess...
unless of course, the bulk of the gold in the column on the right has been rehypothecated numerous times to serve as collateral for countless counterparties, and it is no longer clear just who own what to anyone.
[Image: German%20Gold%20vs%20Total%20Fed%20gold.jpg]
* * *
We can only wonder how many centuries it will take the New York Fed to deliver all the gold held by third parties in its vault, once the demand notices start rushing in...
For all those curious how the Fed itself describes the gold vault and its contents, can read more in the pamphet below:
Scribd link here



"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
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#36
HA! The FED is broke....worse...in debt beyond what can ever be repaid...even though they can invent money.....its all over!.......say bye-bye. :poketongue:
"Let me issue and control a nation's money and I care not who writes the laws. - Mayer Rothschild
"Civil disobedience is not our problem. Our problem is civil obedience! People are obedient in the face of poverty, starvation, stupidity, war, and cruelty. Our problem is that grand thieves are running the country. That's our problem!" - Howard Zinn
"If there is no struggle there is no progress. Power concedes nothing without a demand. It never did and never will" - Frederick Douglass
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#37
They can always blame a very naughty Pussy....



"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."

Gravity's Rainbow, Thomas Pynchon

"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
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