Jun 26

Turkey’s “200 Tons Of Secret Gold” Trade With Iran: The Biggest, Most Bizarre Money Laundering Scheme Ever? (ZeroHedge, June 25, 2014):

The topic of Turkey’s Oil-for-Gold ‘deals’ has not been far from our thoughts over the last few years (here, here, and here) but as Bloomberg reports, after accessing a report leaked on March 14 of a network that spanned Turkey, China, Dubai and Iran, the plot reveals “one of the most complex illicit finance schemes [prosecutors] have seen.” It included the classic money-laundering techniques of over-invoicing and false invoicing (exactly as in the case of the Chinese commodity financing scandal underway) but the secret government plan to juice Turkey’s exports goes much deeper; and if you think that the exposure of this scheme is slowing Turkey’s manipulation, think again. Turkey’s trade balance continues to fluctuate unpredictably as gold stocks flow out of the country in bursts.  “Turkey’s going to continue it,” the Turkish economy minister said. “If those casting aspersions on the gold trade are searching for immorality, they should take a look in the mirror.”

We first started noticing major ‘odd’ exports of gold from Turkey to Iran in May 2012. But in 2013, with a plunging currency, surging inflation, slowing growth, and specter of rapid QE-driven hot money outflows leaving his nation desperate; Zafer Caglayan, the minister in charge of Turkey’s $800 billion economy decided that the only way to ensure success in the looming election… was to cheat…

Continue reading »

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Jun 25


Added: June 23, 2014

If the above video does not play watch it here: YouTube

Description:

The lies bankers have disseminated to the four corners of the earth regarding inflation rates and stock markets prevent people from making informed decisions about converting fiat currency into physical gold and silver. Don’t get left behind when gold and silver soar and fiat currencies collapse as the Central Bank currency wars enter their final stage. Continue reading »

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Jun 23

Aaaand it’s gone …

- THE BLAZE: What Really Happened To The German Gold Housed In The United States? (Video)

- China Slowly Buying Up The Physical Gold Market – Germany’s Gold Is Gone (Video)

- Bundesbank Moves Away From Specific Gold Repatriation Schedule

- Dr. Paul Craig Roberts: U.S. Gold Gone (Video)

- Dr. Paul Craig Roberts And Dave Kranzler: The Hows And Whys Of Gold Price Manipulation

This, by the way, is post no. 26,000!!!


Gold-gold-GOLD

Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed’s “Safe Hands” (ZeroHedge, June 23, 2014):

Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep “it” (by “it” we don’t mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China’s gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the “safe hands” of former Goldmanite Bill Dudley.

Via Mike Krieger’s Liberty Blitzkrieg blog,

Just last week, I published a post titled, Video of the Day – “End the Fed” Rallies are Exploding Throughout Germany, which subsequently went viral. Interestingly, only a few days later we find out that Germany’s very own criminal political class has decided it will continue to store the nation’s gold in New York rather than bring it back home as had been the intention. It’s quite ironic that just as protests against the fascist Federal Reserve are spreading throughout the land, the political class officially decides to keep Germany’s treasure across the Atlantic, in care of none other than The Fed itself. Continue reading »

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Jun 14


Added: Aug 27, 2013

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Jun 11


Added: Jun 8, 2014

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http://usawatchdog.com/negative-inter… – Andy Hoffman of Miles Franklin warns the negative interest rates installed by the ECB last week signals big trouble. This is a major alarm bell for everyone and a major inflection point. Now, the central banks have dared go where even the Bank of Japan has not gone, which is to take rates to a negative level. You can’t go lower than negative. You go too negative, and people realize it doesn’t work, and people realize there is nothing left.”
Continue reading »

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Jun 07

empty crate_0

- Western Banks Scramble As China’s “Rehypothecation Evaporation” Goes Global (ZeroHedge, June 7, 2014):

While we have warned about the problem with near-infinitely rehypothecated physical/funding commodities/metals, be they gold or copper, many times in the past, and most recently here, it was only this week that China finally admitted it has a major problem involving not just the commodities participating in funding deals – in this case copper and aluminum – but specifically their infinite rehypothecation, which usually results in the actual underlying metal mysteriously “disappearing”, as in it never was there to begin with. It would appear our fears of global contagion (through various transmission channels) are now coming true as WSJ reports that as many as a half-dozen banks are trying to determine whether the collateral for loans they made to commodities traders was used fraudulently by a third party to obtain other loans. As we detailed previously, it appears the day when the Commodity Funding Deals finally end is fast approaching… and as we note below, why that will certainly be a watershed event. Continue reading »

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Jun 06

fake gold 3

One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal (ZeroHedge, June 6, 2014):

Two years ago, stories of fake tungsten-filled gold coins and bars began to spread; it appears, between the shortage of physical gold (after Asian central bank buying) and the increase in smuggling (courtesy of India’s controls among others) that gold fraud is back on the rise. As SCMP reports, a mainland China businessman, Zhao Jingjun, discovered that HK$270 million of 998kg of gold bars he bought in Ghana had been swapped for non-precious metal bars. What is perhaps even more worrisome, given the probe into commodity-financing deals and the rehypothecation evaporation; these gold bars were shipped to a Chinese warehouse before Zhao was able to confirm the fraud. Continue reading »

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Jun 05

gold-123

The Gold Conspiracy (ZeroHedge, June 5, 2014):

As increasingly more conspiracy ‘theories’ become conspiracy ‘facts’, The History Channel discusses “The Gold Conspiracy” in this brief documentary.

As The History Channel introduces:

Gold. It is one of the most precious metals in the world. A glittering commodity so rare that people will go to great lengths to obtain it. But who sets the price? And what are the secret methods to control its value? Uncover the clandestine world surrounding the highly prized precious metal. How much gold does the United States really have–and where is it locked away? Is the American government overstating the amount of gold in its reserves to create the mystique of financial superiority?

Continue reading »

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Jun 04

From the article:

“So if tens of thousands of tons of copper and aluminum are suddenly “missing”, one can assuredly say: “at least the gold is still there.” Right?


- China Scrambling After “Discovering” Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing (ZeroHedge, May 4, 2014):

“Banks are worried about their exposure,” warns one warehousing source, “there is a scramble for people to head down there at the minute and make sure that their metal that they think is covered by a warehouse receipt actually exists.”

The rehypothecated catastrophe that we discussed in great detail here (copper financing), here (all commodities), and here (global contagion) appears to be gathering speed as the China’s northeastern port of Qingdao has halted shipments of aluminum and copper due to an investigation by authorities after they found “there is a discrepancy in metal that should be there and metal that is actually there.”

20140604_cop

Copper prices are tumbling already (despite Gartman’s most recent prognostication on Dr. Copper’s China recovery meme) as the world’s 7th largest port disallows any shipments until the probe is complete. Continue reading »

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Jun 03

stacks-of-gold-bars-close

Gold Price Manipulation Was “Routine”, FT Reports (ZeroHedge, June 3, 2014):

Two weeks ago when news broke about the first confirmed instance of gold price manipulation (because despite all the “skeptics” claims to the contrary, namely that every other asset class may be routinely manipulated but not gold, never gold, it turned out that – yes – gold too was rigged) we said that this is merely the first of many comparable (as well as vastly different) instances of gold manipulation presented to the public. Today, via the FT, we get just a hint of what is coming down the pipeline with “Trading to influence gold price fix was ‘routine.” We approve of the editorial oversight to pick the word “influence” over “manipulate” – it sound so much more… clinical.

What the FT found: Continue reading »

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Jun 02

You can’t make this stuff up!

Related info:

- THE BLAZE: What Really Happened To The German Gold Housed In The United States? (Video)

Gold_being_melted


- Ecuador to Transfer More Than Half its Gold Reserves to Goldman Sachs in Exchange for “Liquidity” (Liberty Blitzkrieg, June 2, 2014):

This is a great example of how the game works. In a world in which every government on earth needs “liquidity” to survive, and the primary goal of every government is and always has been survival (the retention of arbitrary power at all costs), the provider of liquidity is king. So what is liquidity and who provides it?

In the current financial system (post Bretton Woods), the primary engine of global liquidity is the U.S. dollar and dollar based assets generally as a result of  its reserve currency status. Ever since Nixon defaulted on the U.S. dollar’s gold backing in 1971, the creation of this “liquidity” has zero restrictions whatsoever and is merely based on the whims and desires of the central planners in chief, i.e., the Federal Reserve. As the primary creator of the liquidity that every government on earth needs to survive, the Federal Reserve is thus the most powerful player globally in not only economic, but also geopolitical affairs.

The example of the so-called sovereign nation of Ecuador relinquishing its gold reserves to Goldman Sachs for “liquidity” which can be conjured up by the Fed on a whim and at zero cost tells you all you need to know about how the world works (read my post: Why Fiat Money is Immoral).

Now from Bloomberg: Continue reading »

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Jun 02

Aaaand it’s gone!



Added: Jan 8, 2014

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May 26

- Jim Rickards: “It Could Be A Failure To Deliver Physical Gold,” “Physical Gold Is Disappearing, There’s A Mountain of Paper Gold. . . . So A Failure to Deliver Could Cause Panic Buying of Gold.” (InvestmentWatch, May 23, 2014):

And what might be the first snowflake to move? 

“It could be a failure to deliver physical gold,” Rickards suggested. “Physical gold is disappearing, there’s a mountain of paper gold. . . . So a failure to deliver could cause panic buying of gold.”

http://www.moneynews.com/StreetTalk/James-Rickards-Dennis-Kneale-Financial-Crisis-Economy/2014/05/20/id/572264/?ns_mail_uid=33506595&ns_mail_job=1570212_05222014&promo_code=crvzhkqc

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May 26


Added: May 24, 2014

Description:

Dave Kranzler of www.InvestmentResearchDynamics.com joins us today to discuss what is happening with the gold, gold miners and the paper gold “market”. Is mining gold costing China double the current “spot” price just to get it out of the ground? Continue reading »

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May 25

- And The Worst Performing Strategy In 2014 Is… (ZeroHedge, May 25, 2014):

Hedge fund performance continues to be weak so far in 2014 and this week was no different as long/short funds found to their dismay that trading on rational thought and fundamental analysis was for losers. However, global macro strategies are doing the worst of all as carry trades unwind, sanctions create inflows, and geopolitical chaos creates nonsense from sense. The best performing hedge fund strategy… buying-the-most-shorted is beaten only by Bonds.. and in first place of all assets – Gold.

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As Goldman explains… Continue reading »

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May 25

- “I Will Never Sell My Gold,” Marc Faber Warns, China’s “Gigantic Credit Bubble” Unwind Is Just Beginning (ZeroHedge, May 24, 2014)

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May 24

- Caught Red-Handed: This Is What Zoomed In Gold Manipulation Looks Like (ZeroHedge, May 23, 2014)

 

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May 23

Gold-gold-GOLD

- Barclays Fined For Manipulating Price Of Gold For A Decade; Sending “Bursts” Of Sell Orders (ZeroHedge, May 23; 2014):

It was almost inevitable: a week after we wrote “From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold” and days after “Barclays’ Head Of Gold Trading, And Gold “Fixer”, Is Leaving The Bank“, earlier today the UK Financial Conduct Authority finally formalized what most in the “tin-foil” hat community had known for years, when it announced that it fined Barclays £26 million for manipulating “the setting of the price of gold in order to avoid paying out on a client order.” Furthermore, the FCA confirmed that those inexplicable gold raids which come as if out of nowhere, and slam gold with a vicious force so strong sometime they halt the entire market, had a very specific source: Barclays, whose trader Daniel James Plunkett, born 1976, “sent out a burst of orders aimed at moving the price of the yellow metal.”

This took place for a decade. As the FT reports: Continue reading »

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May 21

Putin chess

- As Russia Dumps A Record Amount Of US Treasurys, Here Is What It Is Buying (ZeroHedge, May 21, 2014):

Last week we commented that based on TIC data, while “Belgium’s” unprecedented Treasury buying spree continues, one country has been dumping US bonds at an unprecedented rate, and in March alone Russia sold a record $26 billion, or 20% of its holdings.

So as Russia is selling a record amount of US paper, what is it buying? For the answer we go to Goldcore which tells us thatRussia Buys 900,000 Ounces Of Gold Worth $1.17 Billion In April.”

 Putin-Gold

 

 

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May 20

- Gold Slammed As ‘Panic-Seller’ Dumps $520 Million In Futures (ZeroHedge, May 20, 2014):

You can’t make this up. An initial dump in gold happened when Europe was getting going late last night but as the US wakes up and markets get active, someone (panic-seller) decided it was an entirely optimal time to sell $520 million notional gold futures – sending the price of the precious metal down $7. Intriguingly, though the notional size was large, the actual move is not as large as we have become used to with the ubiquitous Slamdowns (and it’s a Tuesday). At the same time, USDJPY was ramped… because we must maintain the appearance that stock markets are operating normally despite civil wars, coups, global growth slowdowns, and de-dollarization growing.

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May 14

Gold fix teaser_0

From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold (ZeroHedge, May 14, 2014):

Earlier today many were stunned when the historic, 117-year old, London Silver Fix announced that in three months it would no longer exist. However, silver is only one half of the world’s two best known precious metals. Which is why we decided to take a long, hard look at that other fix: gold.

The reason for this particular inquiry is because in the aftermath of the rapid and dramatic departure of the world’s largest bank by outstanding notional derivatives, and Europe’s biggest bank by any metric, Deutsche Bank, from the precious metal fix, something felt out of place: almost as if the participants of the “fixing” process which for so many years took place in the office of none other than Rothschild on St. Swithin’s Lane in London, were suddenly scrambling to disappear without a trace.

In conducting our research we hope to not only memorialize just who are these particular individuals who “fix” gold using nothing but publicly available information of course – because after all it is not as if they have anything to hide or fear – but to connect some of the very peculiar dots behind the scenes of what to some, is the original, and most manipulated market in history – that of gold. Continue reading »

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May 10

- Gold Infographic: The Eclipsing Demand Of The East (ZeroHedge, May 9, 2014)

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May 09

- Marc Faber Redux: “I Don’t Trust Anyone… Hold Gold Outside The US” (ZeroHedge, May 8, 2014)

Related info:

- The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

- RED ALERT: World’s Biggest Gold Storage Company Dumps US Citizens

- Government Cracks Safe-Deposit Boxes

- US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

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May 08

- China Demands Gold As Collateral For Zimbabwe Loans (ZeroHedge, May 7, 2014):

China, as we noted here, is happy to provide the financing to turn Africa into Disneyland – Monorails and all – but there is one catch… the loans must be backed by gold as collateral. As The Source reports, China wants Zimbabwe to use its mineral proceeds to guarantee any future loans having already extended nearly $1.5 billion in the last three years to Harare’s ailing economy. Various minerals have been discussed to back the loans “but we feel gold is more stable,” Zimbabwe’s Mines Minister noted. Of course, China is defending the demand, claiming “it’s in accordance with rules and regulations when granting any loan” and adding that “it doesn’t mean that we will use the collateral.”  Continue reading »

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May 04

Switzerland’s Role in the Gold Market

- Switzerland’s Role in the Gold Market (GoldBroker, Dan Popescu, April 28, 2014)

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Apr 29

- Gold Fix Manipulation Crackdown: Deutsche Officially Resigns London Fix Seat (ZeroHedge, April 29, 2014):

Three months ago, we discussed the increasingly close eye that regulators were keeping on Deutsche Bank (and in fact many other precious metal fix providers) as manipulation concerns shifted from conspiracy theory to conspiracy fact. At the time, Deutsche – among other banks – had suggested it would relinquish its role on the London Fixing committee and was actively marketing its seat to other LBMA members – it failed to find a willing buyer; the WSJ now confirms…

  • DEUTSCHE BANK SAID TO BE UNABLE TO FIND BUYER FOR GOLD SEAT
  • DEUTSCHE BANK RESIGNS SEAT ON GOLD, SILVER FIX, GIVES TWO WEEKS NOTICE – SOURCE

This is hardly surprising given previous comments that possible manipulation of precious metals “is worse than the Libor-rigging scandal.” but it does leave us wondering who is left to do the manipulating? It seems no one wants to be part of the fixing process (critical for so many derivatives contracts) unless they are allowed to manipulate it to their own needs.

As a reminder, Deutsche is one of five banks involved in the twice-daily gold fix for global price setting. Continue reading »

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Apr 29


Added: Apr 25, 2014

Description:

Trends Guru and forecaster extraordinaire Gerald Celente joins Sheila Zilinsky the Weekend Vigilante on his plan for a one-two punch to the globalist agenda and we take back the greatest country in the world

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Apr 26

- Measured by Gold and the Dow, Wheat Is Cheap (But Maybe Not For Long) (OfTwoMinds, April 26, 2014):

Priced in gold and stocks, wheat is near multi-decade lows. That may not last.

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Apr 25

- PBOC Pressures USD Hegemony; Starts Yuan-Denominated Gold & Oil Trading (ZeroHedge, April 25, 2014):

With 23 foreign central banks diversifying from US Dollars to Renminbi and the PBOC actively aiding numerous major financial hubs around the world with bilateral currency swap agreements, it seems yet another nail in the coffin of US dollar hegemony just got hit…

  • *PBOC AIMS TO SET UP GLOBAL PAYMENT SYSTEM FOR YUAN: SEC. NEWS
  • *PBOC TO MAKE GOLD, OIL FUTURES YUAN DENOMINATED: SEC. NEWS

Nothing lasts forever, no matter how much you believe… Continue reading »

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Apr 22

- A Bankrupt World, $26,000 Gold & The Destruction Of Wealth (King World News, April 21, 2014)

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