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Thread: Interesting Article "The Disappearing Gold"

  1. #31
    Quote Originally Posted by Danke View Post
    I didn't see any mention of "metric" tons until your post.
    It is the spelling. Tonnes is metric, tons is the other one (2000 pounds).

    That is assuming full passenger load right?
    You may be right on that. Not a point worth arguing- they probably won't use a commercial airliner anyways.
    Last edited by Zippyjuan; 01-28-2013 at 11:04 PM.



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  3. #32
    Quote Originally Posted by Zippyjuan View Post
    It is the spelling. Tonnes is metric, tons is the other one (2000 pounds).



    You may be right on that. Not a point worth arguing- they probably won't use a commercial airliner anyways.
    149,800 kg is easily converted to Tonnes. Right, metric. That is the cargo version of the A380.

    The 747 has a payload capacity of 134 tonnes.

    Assuming the A380 has a larger capacity. I'd say it is around 10 flights.
    Pfizer Macht Frei!

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  5. #33
    "Sure, we got your gold right in our vault. Want proof? You're paying a storage fee ain't ya?"

    In the middle of 2007, Morgan Stanley paid out $4.4 million to settle a class-action lawsuit initiated against it by its own clients. Why were Morgan Stanley's clients suing it? They alleged 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.
    Morgan Stanley (reading from the standard Wall Street script) denied the allegations, but settled the case "to avoid the cost and distraction of continued litigation." Before moving on to Morgan's Stanley's latest exploits in the precious metals market, this deserves a few comments.

    First of all, if Morgan Stanley did only pretend to purchase bullion on behalf of its clients, while charging them for the "bullion" and storage fees on that imaginary bullion, we have a word for such actions: fraud. So if Morgan Stanley was guilty of swindling its own clients in this manner then why wasn't it required to acknowledge its guilt?

    The answer is simple. Morgan Stanley is based in The Land of Fraud (aka the United States of America). In The Land of Fraud swindling people (whether total strangers or long-term clients) is a way of life - just ask a former Goldman Sachs employee. Thus the Wall Street banksters can commit fraud without ever having to admit fraud.

    Indeed, Bloomberg explicitly confirmed that the SEC's commit-but-never-admit policy has been standard practice for more than four decades, with such settlements then rubber-stamped by the U.S. judiciary. Bloomberg noted this institutionalized corruption when it criticized a (lone) U.S. judge who has had the temerity to challenge the commit-but-never-admit doctrine:

    …As part of the agreement, New York-based Citigroup neither admitted nor denied the allegations, a clause which has been standard in such settlements for at least four decades.

    But it gets better for the Wall Street fraud factories. Not only can they commit acts of fraud with impunity while never having to admit to them, but the "fine" they receive after being caught in the act is rarely more than 10% of their proceeds of crime - and often much, much less.

    http://www.gold-eagle.com/editorials...son041012.html
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

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  6. #34
    Another:

    The question which ETF-holders must ask themselves is this: when it comes time for the Wall Street bullion-banks to have to choose between covering their own short positions, or honouring their custodial agreements, is there a single, rational individual who doesn't believe that Wall Street will protect itself first?

    As the Morgan Stanley bullion-fraud demonstrates, there is no chance of any court ordering “performance” of these agreements, that is, to force the Wall Street fraudsters to go out into the open market to purchase enough bullion necessary to honour their contracts. Instead, all they get is a slap on the wrist, and a fine. And what is typical with corrupt, U.S. regulators (or in a court settlement) is that the fine handed out is only a small percentage of the profits 'earned' in the fraud – thus encouraging Wall Street to engage in fraud whenever they see the potential for profits.

    Therefore, we have a scenario today where investors have poured tens of billions of dollars into bullion-ETF's to protect themselves from suffering currency-losses on their un-backed fiat currencies – and many of whom will ultimately end up getting nothing out of their “bullion-ETF” investments other than more paper.

    http://www.silverbearcafe.com/privat...9/damages.html
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  7. #35
    Acala's law: The longer an asset or financial instrument has been under the sole control of bankers, the more likely it has become the false front for a confidence scam. Piles of gold, the uber-currency, sitting in bank vaults with little signs on them, gathering dust, untouched by the owners for decades, are like fields of ripe opium poppies to a heroin addict. The chances of their NOT having been some shenanigans is, in my opinion, very low indeed. I would give it even odds that the banks have been playing so fast and loose with "tradition" that when it breaks, it will unravel the world banking cartel. I am poised to laugh my ass off.
    The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.

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    "Who overcomes by force, hath overcome but half his foe." - Milton

  8. #36
    Quote Originally Posted by Brian4Liberty View Post
    Another:
    It is standard, and long-standing contract law to NOT order specific performance as a remedy for breech, but rather to order payment of compensation in cash. There are several reasons for this, but the main one is that courts don't like to have to police their judgements by following up to make sure the contracts were actually performed as written. They prefer to just order X dollars to be paid. It is simpler and easier to enforce. But the defendants WILL have to pay market value for the loss they caused. Of course if the banks who have lost the gold are also manipulating the "market" price of gold, they could still get away with a very big haul indeed.
    The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.

    "Who would be free, themselves must strike the blow." - Byron

    "Who overcomes by force, hath overcome but half his foe." - Milton

  9. #37
    I located a picture of the vault:


  10. #38
    Quote Originally Posted by ghengis86 View Post
    I foresee one of those "unfortunate boating accidents" I keep hearing about from precious metals owners.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  11. #39
    The gold was in tower 7, you are all now aware
    A society that places equality before freedom with get neither; A society that places freedom before equality will yield high degrees of both

    Make a move and plead the 5th because you can't plead the 1st

  12. #40
    Quote Originally Posted by Zippyjuan View Post
    From Wiki:The Federal Reserve Bank of New York maintains a vault that lies 80 feet (24 m) below street level and 50 feet (15 m) below sea level,[8] resting on Manhattan bedrock. By 1927, the vault contained 10% of the world's official gold reserves.[6] Currently, it is reputedly the largest gold repository in the world (though this cannot be confirmed as Swiss banks do not report their gold stocks) and holds approximately 7,000 tonnes (7,700 short tons) of gold bullion ($415 billion as of October 2011), more than Fort Knox. Nearly 98% of the gold at the Federal Reserve Bank of New York is owned by the central banks of foreign nations.[9] The rest is owned by the United States and international organizations such as the IMF. The Federal Reserve Bank does not own the gold but serves as guardian of the precious metal, which it stores at no charge to the owners, but charging a $1.75 fee (in 2008) per bar to move the gold. Moving the bars requires special footwear for the staff, to protect their feet in the case that they drop a 28 pound bar on their feet. The vault is open to tourists.[10]
    Oh ok. So just like the United States foots the bill to police the world on behalf of other countries, it foots the bill to put armed guards on Manhattan real estate to guard half a trillion dollars of gold.

    This government is just one big scam after another.



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  14. #41
    Anyone taken the tour?
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

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  15. #42
    Quote Originally Posted by kpitcher View Post
    Anyone taken the tour?
    Zippy has.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

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