Aug 24

From the article:

“I put the ever-resourceful Nick Rizzo on the task, but he came up with little more: the market in physical gold is tiny, and largely comprised of nutcases.”

Yeah, right only nutcases (= individuals still using their brain, shaking their head in disbelief at the unlimited stupidity of society) invest in physical gold and silver!

Here is the performance of investing in physical gold and silver ( I’ve told everybody to invest in physical gold and silver since 2000 and from the first day of setting up Infinite Unknown):

Gold in 10 Years: +567,62%

Silver in 10 Years: +899,05%

And please take a close look at all those billionaires and world famous investors that are heavily invested in physical gold and silver.

The Rothschilds who own Reuters are heavily invested in physical gold and silver. (Obviously nutcases, all of them!)

It is difficult for the elitists to destroy the middle class, if the people hold physical gold and silver.

Got gold and silver?


How to get $12 billion of gold to Venezuela (Reuters, Aug 22, 2011):

Ever since the news broke last week that Hugo Chávez wanted to transport 211 tons of physical gold from Europe to Caracas, I’ve been wondering how on earth he possibly intends to do such a thing.

There are 99 tons already being held at the Bank of England; according to the FT, the plan is to transfer other gold to the Bank of England from custodians such as Barclays, HSBC, and Standard Chartered; then, once it’s all in one place, um, well, nobody has a clue what might happen. Here’s the best guess from the FT:

Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated.

“It’s going to be quite a task. Logistically, I’m not sure if the central bank realises the magnitude of the task ahead of them,” said one senior gold banker.

I put the ever-resourceful Nick Rizzo on the task, but he came up with little more: the market in physical gold is tiny, and largely comprised of nutcases. The last (and only) known case of this kind of quantity of gold being transported across state lines took place almost exactly 75 years ago, in 1936, when the government of Spain removed 560 tons of gold from Madrid to Moscow as the armies of Francisco Franco approached. Most of the gold was exchanged for Russian weaponry, with the Soviet Union keeping 2.1% of the funds in the form of commissions and brokerage, and an additional 1.2% in the form of transport, deposit, melting, and refining expenses.

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