H/t reader squodgy.
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“The “official” price of gold for the past 6 months has been held at roughly $1250/oz.
We morons are told the London Bullion Market (Rothschilds) decide every working day at 0600 what to value it at, presumably based on supply & demand. (At least in THEORY)
So, why is it that if Joe BigMac wanted to buy a 1oz American Eagle Gold Coin, he would be forced to fork out at least an extra $500 or 40% above the official price.
The question is rhetorical, we all know the Comex & London are keeping the price down to hide the fact that the 100 year old Fractional Reserve Banking system, which removed itself from the Gold Standard in 1972, and has been used to create so much unfunded debt that benefits Banksters only, is unsustainable and MUST either reset or collapse.
We all know too that as those with a brain and digital savings set to evaporate, plus solvent Governments Worldwide, have been clamouring for Gold Bullion for at least 5 years, knowing the USD with no gold backing cannot survive.
The proof is in the OPEN MARKET PRICING, which looks to have jumped 40% in the last six months.”
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Sweden’s central bank claims to hold 10,000 large gold bars but is unwilling to provide any details of these gold bars, citing official State Secrecy.
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A tidal wave of inflation is rapidly moving through the financial system.
Most investors only pay attention to the Federal Reserve. And they are missing the BIG PICTURE for Central Bank monetary policy.
The Fed is tightening policy by hiking rates. But the rest of the world’s Central Banks are printing a combined $200 BILLION in QE every single month.
The Brexit was only the beginning.
Four months ago, Great Britain voted to leave the European Union (EU). The decision caught investors by surprise and triggered one of history’s most violent selloffs.
It erased more than $3 trillion from the global stock market in just two days. And the pound sterling, Britain’s currency, plunged 8% in one day. The pound is now trading at its lowest against the U.S. dollar in three decades.
Yesterday, ahead of the London Fix, Gold was monkeyhammered lower on yuuge volume, only to rip back higher. Today, having failed to keep the precious metal down, they went for it again with a $3 billion notional pummeling in futures…
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The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile.
The Turkish Central Bank has come up with an idea of how to confiscate private gold while pretending they are helping you earn more money. Their objective is to make the private gold stocks of the citizens available to the financial system for themselves, but how to sell that to the people?
H/t reader squodgy:
“Precious metals price rigging by Bank of England…..and who owns the Bank of England??? The English??? Not on your life! The Rothschilds.”
The BoE is also among those who financed Adolf Hitler.
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The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.
According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.
According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a “very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia.
Credit Suisse has confirmed that the Swiss bank, some of its employees and hundreds of account holders are the subjects of a major tax evasion probe launched in UK, France, Australia, Germany and the Netherlands, setting back Swiss attempts to clean up its image as a haven for tax evaders.
According to Bloomberg, Dutch investigators seized jewellery, paintings and even gold bars as part of a sweeping investigation into tax evasion and money laundering in the Netherlands. They added that the sums involved amounted to “many millions” of lost tax revenue.
Perhaps even more brazen than the infamous theft of a bucket full of gold woth $1.6 million from an armored truck in broad daylight in Midtown Manhattan last September 29, moments ago local German press has reported that thieves broke into Berlin’s Bode Museum and made off with a massive 100-kilogram (221-pound) gold coin worth millions.
According to German media, the stolen coin is the “Big Maple Leaf”, a commemorative piece issued by the Royal Canadian Mint in 2007. The three-centimeter (1.18-inch) thick coin, with a diameter of 53 centimeters (20.9 inches), has a face value of $1 million. By weight alone, however, it would be worth almost $4.5 million at market prices.
It’s official: The Germans will not allow debt relief for Greece. Instead, Berlin wants to send in the repo man.
The untold story of the Greek “bailouts” is that it wasn’t a “bailout” — it was an auction of Greek assets. Real, tangible things with real, tangible value were seized in exchange for pieces of paper that guarantee Athens will be chained to Berlin and Brussels for the foreseeable future.
H/t reader squodgy:
“The quiet raping of Greece and its people.”
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