http://www.zerohedge.com/news/2013-0...s-all-time-low
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Frickin' amazing: lightning wipeout of gold inventory. We are witnessing a panic to physical gold for sure. Can the central banks quell the flames and calm the markets?
Quote:
Originally Posted by mamboni
Yes they can, by simply manipulating the price lower and giving the impression that precious metals are of little value... that should work :rolleyes:
let's just be thankful that they're not lifeguards.Quote:
Originally Posted by ximmy
with their competence level ... people would drown.
maybe we should let Dave Wassell & Mark Cunningham (North Shore Hawaii lifeguards) take over the Fed.
You mean like dousing a fire with gasoline to extinguish it. Very dangerous and unpredictable.Quote:
Originally Posted by ximmy
Couldn't they call in loans from players with large amounts of gold, forcing them to liquidate?
I think we are seeing the great magic trick.
Gold MUST be removed from the vaults where it is counted and registered. It will be sent off to invisible and unknown places for the personal benefit of the insiders. In the vaults it is subject to attack.
The little people who do not belong to the club will be put off initially with offers to buy out their positions with soon-to-be worthless paper. Club members are given wheelbarrows to remove their gold. After the jig is up, the failure of JPM will be lamented and the lack of any gold or other valuable assets will be hailed as one of the great mysteries of life that can never be untangled.
MamboniQuote:
Originally Posted by mamboni
Sounds like an introduction to a Batman episode.
Can our cape crusader get out of this........
Stay tuned! Next week! Same Bat channel!
I think big money insiders are taking their physical gold out of COMEX and LBMA depositories as we speak. COMEX is just a paper front that probably has only a fraction of the gold it claims to have. They are looting the GLD gold now to feed COMEX deliveries. Only the connected few are getting their gold. Also, I think China and Russia via soveriegn wealth funds have moved in for the kill and are taking out multiple tons per day. I know we have been predicting the COMEX/LBMA default for years. But I think the day of reckoning has finally arrived. The banksters are cornered. If they let the paper gold price rise sharply to quell physical demand, then a bond market failure and run on the dollar will likely ensue. This will surely supercharge the gold buying international as everyone rushs out of the US dollar at the same time. If they do nothing but hold gold in this narrow trading range then they will continue to hemorrhage physical bullion with weeks to go before they are busted. If they hit gold with one more massive short sale raid and knock the price down another $200-300 dollars, hoping to despirit gold buyers and kill the physical demand, they risk the opposite reaction: total wipeout of retail gold inventories forever and a massive run on wholesale physical gold bullion by central banks, sovereign wealth funds, institutional investors and large cap private investors. All three scenarios lead to the same outcome: force majeure default on gold deliveries at COMEX/LBMA declared and all outstanding claims are settled in cash. Within 24 hours, the gold price will gap higher, probably $500 or more as investors scrambel to lock in the physical gold. However, there will be no physical gold for sale at any price. We will hit the FEKETE MOMENT. I expect that certain paper gold investments of stellar reputation and backed by audited unencumbered gold bullion will skyrocket in price: CEF, PHYS and GTU. All of this will transpire within a 24 hour time frame, so you must be positioned now to benefit.Quote:
Originally Posted by Libertarian_Guard
http://1.bp.blogspot.com/_TS68mTgxcj...-DR-EVIL-2.jpg
I called the dealer who supplies all the smaller coin shops with gold in the Chicago area and he has no gold eagles, in any denomination at all! :o