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Topic: Price of gold manipulation - page 4. (Read 17900 times)

legendary
Activity: 1708
Merit: 1049
February 24, 2014, 02:28:46 PM
Quote
Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.

This is obviously just a made up theory.

The "story" arose because of a citizen's action initiative in Germany that asked to audit Germany's gold reserves. That then escalated when it was found oout him much of Germany's gold was not actually in Germany and then a group of politicians and citizens took up the cause to repatriate the gold. It is all well documented in Der Speigel if you were truly following the 'story'.

No conspiracy or "leaked story" for those 'crazy goldbugs'. Try harder for another meme?

Since when do the governments do what small groups of active citizens desire?

Does the US audit the Fed or the Fort Knox because Ron Paul and his supporters -in the millions- ask that? No.

Do small groups of people, or even a few politicians, have any influence on how the government will act regarding its strategic resources like gold? The answer is again no.

Look, here in Greece for example there is a push from below to ask for the German loan during WW2 (occupied Greece was forced to loan Germany a few billions and then Germany never paid them back despite the end of the war and such). Do you really think citizens or politicians dictate if the government will actually demand it? 99% of the citizens are in favor, yet the government won't do it. Politicians from the entire spectrum are in favor and again the government won't do it.

The decision of Germany to ask repatriation has nothing to do with citizens activism. These are strategic decisions taken at an entirely different level. "Citizens action initiative" = null and void for the elite.

You are simply dumb Alex. I read a lot of your posts and you are either trolling or are dumb and you cannot even realize that. I dont even get a lot of the time what you really mean.

As far as i know it really came from "the people" there was simply probably too much pressure for a longer time and the gov. simply had to react, so he told the bundesbank to react and it had to "somehow" react. But hey, they still didnt see their gold...

Your assumption that the whole thing is just a trick how to discredit the gold bugs doesnt really seem plausible to me, its just too much work and risk for what? Its simply not worth it. If you fail to see it, than sorry but as i said your are not really bright... Also the term you are using "the elite" seems to me indicate something about you and its not a nice thing. Didnt mean that offensively, im just saying.

I'm dumb because I'm pointing the obvious that ordinary people don't have the power to effect strategic decisions of this type? Like activists can tell the government how many tons or what time plan for delivery will be followed. This is bullshit - you should have realized it the moment you were typing it. Activists demanding repatriation and the government caving in. Yeah, right. Like activism of auditing the fed and fort knox (wonder why that didn't happen... maybe activism doesn't work?)...

The Elite play the news game. Some times they create the scenarios and the news. Other times they play with the story itself that has evolved organically. That's how it works with commodities and you have no idea how the game is played - you think what you read is truth and repeat it like a parrot. Anyone who has a different view than the mainstream theory is "dumb" for your standards and, apparently, people who let the media and alternative media to guide their thinking process are the "smart" ones, like you.

So if today Germany is not getting its gold it means that there are "gold shortages" and if tomorrow Germany gets it, what will this mean? That gold is ok and there are no shortages? Don't you get it? No, apparently you don't.

As for the term elite, call them as you like... globalists, controllers, plutocrats, the 0.00001%, elite, the rulers of this planet etc. These guys own every politician, company, bank etc of the globalized nations. The globalized nations are, essentially, acting as one country with one government giving them directions for all things important like resources (and appear to be in disputes for the unimportant things like fiat money).

The yet-to-be-globalized countries are countries like China, Iran, Venezuela etc. These do not conform to the same type of universal over-control. Globalized countries will not push gold demand upwards precisely because they are controlled, in an orchestrated manner, from atop. They will sell their gold reserves together, they will move gold where needed etc. Non-globalized countries however are quite interested at pursuing their own national interests and as such they will be buying gold, demanding it where there is a problem etc etc.

Germany is a globalized country. On a superficial level "it wants its gold" without any other moves that show that Germany is serious with gold.

On the globalized level its irrelevant if the gold is in the vault of a globalized country or another globalized country. It's like a pair of trousers with 10 pockets. If you have 100$ in one pocket or the other pocket, it doesn't matter - it's all in the same pair of trousers. The only thing that globalists/elite etc care, are that the majority of gold won't leave for non-globalized destinations, or, worse yet, individuals like the citizens of India who are massive hoarders.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 24, 2014, 01:26:57 PM
just a dumb question but what about the private gold ( non-government ) groups ? how they affects the price ?

I am curious because I saw that advertise (sorry) btw, I have not connection at all with this particular website but they say "BullionVault . com is part-owned by the World Gold Council and is the world's largest online investment gold service. We take care of $2 billion for more than 50,000 users "

I dont understand your question, "the private groups, how do they affect the price" :-)?

Well the more i look into it, the more i belive there are 2 conspiracies, one on the part of gov. which really have problems with gold, but also on the part of the "gold sellers" which i really more and more belive have a strategy in promoting the "economic collapse" issue and "gold going to 15 000 USD per ounce" just to boost up sales. As far as i know, there gold organizations that have world scale to them, there are international conferences about the issue, so i really wouldnt be suprissed if the gold bugs (sellers etc.) would be over-blowing the importance of gold... There are "bitches" everywhere :-), its hard to tell who to belive, but as i said previously i like the "neutral" look which Jim Rogers and Marc Faber have on gold. Which is a possitive view, but really not a "golds going to 15000 oz" view...

Also i red somewhere that in 2011 i belive, anually, the gold demand consisted of around
40 % gold was for (non gov) investment
40 % gold was for rings, decoration, etc. "fancy stuff"
only 10% of gold was used in industry (? wow)
and only 10% of gold demand came from central banks...

so "private" demands affects the price hugelly (around 90%).

heres some other info:



Thanks. I would like to know your opinion about the other side, about...production

..For instance .. In South America ... when Vale do Rio Doce and Rio Tinto get a governmental authorization to mine gold in Amazon again (still some political conflicts in the area, btw )  ... where that gold will be storage ? for example, looking back history in 80's ( http://en.wikipedia.org/wiki/Serra_Pelada , http://www.articlesbase.com/investing-articles/colossus-minerals-a-colossal-opportunity-365315.html ) Uruguay/Paraguai and other countries that does not have any big gold reserve became graters Latin America gold exporter (?) ...  I know a bit about that particular golden rush ...

The reason I support bitcoin instead gold is because is more ecologically acceptable isn't it ?


ps->
for more details info in Portuguese (you can try google/bing translator)
http://andradetalis.wordpress.com/tag/cade-o-ouro-de-serra-pelada/
sr. member
Activity: 371
Merit: 250
February 24, 2014, 11:38:11 AM
just a dumb question but what about the private gold ( non-government ) groups ? how they affects the price ?

I am curious because I saw that advertise (sorry) btw, I have not connection at all with this particular website but they say "BullionVault . com is part-owned by the World Gold Council and is the world's largest online investment gold service. We take care of $2 billion for more than 50,000 users "

That's all 'paper' gold - just numbers in a database. If major economies start to collapse, do you think anybody with their names and money with bullionvault.com are going to receive any real gold?

I've never invested with Bullionvault but as far as I know their gold is indeed "allocated," and definitely not paper. I actually think it's a good, pertinent question. I've seen a chart somewhere that shows private ownership of gold in India alone is the biggest stock of gold in the world. Bigger than Ft Knox. (similar to how facebook is the 3rd biggest country in the world by population). It doesn't really impact the daily price of gold because private holdings are not part of the daily price fix.
sr. member
Activity: 742
Merit: 250
February 24, 2014, 11:24:58 AM
just a dumb question but what about the private gold ( non-government ) groups ? how they affects the price ?

I am curious because I saw that advertise (sorry) btw, I have not connection at all with this particular website but they say "BullionVault . com is part-owned by the World Gold Council and is the world's largest online investment gold service. We take care of $2 billion for more than 50,000 users "

I dont understand your question, "the private groups, how do they affect the price" :-)?

Well the more i look into it, the more i belive there are 2 conspiracies, one on the part of gov. which really have problems with gold, but also on the part of the "gold sellers" which i really more and more belive have a strategy in promoting the "economic collapse" issue and "gold going to 15 000 USD per ounce" just to boost up sales. As far as i know, there gold organizations that have world scale to them, there are international conferences about the issue, so i really wouldnt be suprissed if the gold bugs (sellers etc.) would be over-blowing the importance of gold... There are "bitches" everywhere :-), its hard to tell who to belive, but as i said previously i like the "neutral" look which Jim Rogers and Marc Faber have on gold. Which is a possitive view, but really not a "golds going to 15000 oz" view...

Also i red somewhere that in 2011 i belive, anually, the gold demand consisted of around
40 % gold was for (non gov) investment
40 % gold was for rings, decoration, etc. "fancy stuff"
only 10% of gold was used in industry (? wow)
and only 10% of gold demand came from central banks...

so "private" demands affects the price hugelly (around 90%).

heres some other info:

sr. member
Activity: 742
Merit: 250
February 24, 2014, 11:15:13 AM
Quote
Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.

This is obviously just a made up theory.

The "story" arose because of a citizen's action initiative in Germany that asked to audit Germany's gold reserves. That then escalated when it was found oout him much of Germany's gold was not actually in Germany and then a group of politicians and citizens took up the cause to repatriate the gold. It is all well documented in Der Speigel if you were truly following the 'story'.

No conspiracy or "leaked story" for those 'crazy goldbugs'. Try harder for another meme?

Since when do the governments do what small groups of active citizens desire?

Does the US audit the Fed or the Fort Knox because Ron Paul and his supporters -in the millions- ask that? No.

Do small groups of people, or even a few politicians, have any influence on how the government will act regarding its strategic resources like gold? The answer is again no.

Look, here in Greece for example there is a push from below to ask for the German loan during WW2 (occupied Greece was forced to loan Germany a few billions and then Germany never paid them back despite the end of the war and such). Do you really think citizens or politicians dictate if the government will actually demand it? 99% of the citizens are in favor, yet the government won't do it. Politicians from the entire spectrum are in favor and again the government won't do it.

The decision of Germany to ask repatriation has nothing to do with citizens activism. These are strategic decisions taken at an entirely different level. "Citizens action initiative" = null and void for the elite.

You are simply dumb Alex. I read a lot of your posts and you are either trolling or are dumb and you cannot even realize that. I dont even get a lot of the time what you really mean.

As far as i know it really came from "the people" there was simply probably too much pressure for a longer time and the gov. simply had to react, so he told the bundesbank to react and it had to "somehow" react. But hey, they still didnt see their gold...

Your assumption that the whole thing is just a trick how to discredit the gold bugs doesnt really seem plausible to me, its just too much work and risk for what? Its simply not worth it. If you fail to see it, than sorry but as i said your are not really bright... Also the term you are using "the elite" seems to me indicate something about you and its not a nice thing. Didnt mean that offensively, im just saying.
sr. member
Activity: 252
Merit: 250
February 24, 2014, 06:24:23 AM
just a dumb question but what about the private gold ( non-government ) groups ? how they affects the price ?

I am curious because I saw that advertise (sorry) btw, I have not connection at all with this particular website but they say "BullionVault . com is part-owned by the World Gold Council and is the world's largest online investment gold service. We take care of $2 billion for more than 50,000 users "

That's all 'paper' gold - just numbers in a database. If major economies start to collapse, do you think anybody with their names and money with bullionvault.com are going to receive any real gold?
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 23, 2014, 09:24:23 PM
just a dumb question but what about the private gold ( non-government ) groups ? how they affects the price ?

I am curious because I saw that advertise (sorry) btw, I have not connection at all with this particular website but they say "BullionVault . com is part-owned by the World Gold Council and is the world's largest online investment gold service. We take care of $2 billion for more than 50,000 users "
legendary
Activity: 1708
Merit: 1049
February 23, 2014, 09:14:16 PM
Quote
Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.

This is obviously just a made up theory.

The "story" arose because of a citizen's action initiative in Germany that asked to audit Germany's gold reserves. That then escalated when it was found oout him much of Germany's gold was not actually in Germany and then a group of politicians and citizens took up the cause to repatriate the gold. It is all well documented in Der Speigel if you were truly following the 'story'.

No conspiracy or "leaked story" for those 'crazy goldbugs'. Try harder for another meme?

Since when do the governments do what small groups of active citizens desire?

Does the US audit the Fed or the Fort Knox because Ron Paul and his supporters -in the millions- ask that? No.

Do small groups of people, or even a few politicians, have any influence on how the government will act regarding its strategic resources like gold? The answer is again no.

Look, here in Greece for example there is a push from below to ask for the German loan during WW2 (occupied Greece was forced to loan Germany a few billions and then Germany never paid them back despite the end of the war and such). Do you really think citizens or politicians dictate if the government will actually demand it? 99% of the citizens are in favor, yet the government won't do it. Politicians from the entire spectrum are in favor and again the government won't do it.

The decision of Germany to ask repatriation has nothing to do with citizens activism. These are strategic decisions taken at an entirely different level. "Citizens action initiative" = null and void for the elite.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
February 23, 2014, 08:44:54 PM
Quote
Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.

This is obviously just a made up theory.

The "story" arose because of a citizen's action initiative in Germany that asked to audit Germany's gold reserves. That then escalated when it was found out him much of Germany's gold was not actually in Germany and then a group of politicians and citizens took up the cause to repatriate the gold. It is all well documented in Der Speigel if you were truly following the 'story'.

No conspiracy or "leaked story" for those 'crazy goldbugs'. Try harder for another meme?
sr. member
Activity: 336
Merit: 250
February 23, 2014, 07:47:01 PM
(2) On paper, this is all good and true. However, as I said, Germany isn't interested in things coming apart. They clearly helped the US to cover their gold-lies, for the following reasons: (1) To not cause on uproar within their own population, (2) To let the games continue and for the leaders to stay in power (seems like the only thing that matters to them!)

Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.


That's your opinion. I strongly disagree when looking at the overall picture (Bundesbank lying about smelting process, etc, etc..).

In regards to India, as far as I remember, it was not just a tax, but a huge restriction. And yes, they probably did it because they were asked to do it by the west. However, those restrictions will probably not hold up much longer, as Indian elections are coming closer.

I never claimed I believed anything the governments tell us.  Grin

Yes it was an imports restriction, a severe one.

There were two stories:

a) The bullshit story about the trade deficit and the need to curb gold as the culprit for the problem (=bullshit, the numbers don't add up, yet the ban was enforced and thus smuggling started to take effect)

b) The other bullshit story about reduced demand in India because the people could not affort the tax, that supposedly made gold expensive. Well, even with the tax it was lower than what they were getting it a few months earlier = bullshit. But it was enough to send gold some shockwaves of "oh, people of India stopped buying aggressively, gold demand is doomed".



Ok, I see.

Yeah, I hardly watch any MSM anymore, they are generally there for misinformation. A couple of websites is where the good stuff is at!
legendary
Activity: 1708
Merit: 1049
February 23, 2014, 04:53:16 PM
(2) On paper, this is all good and true. However, as I said, Germany isn't interested in things coming apart. They clearly helped the US to cover their gold-lies, for the following reasons: (1) To not cause on uproar within their own population, (2) To let the games continue and for the leaders to stay in power (seems like the only thing that matters to them!)

Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.


That's your opinion. I strongly disagree when looking at the overall picture (Bundesbank lying about smelting process, etc, etc..).

In regards to India, as far as I remember, it was not just a tax, but a huge restriction. And yes, they probably did it because they were asked to do it by the west. However, those restrictions will probably not hold up much longer, as Indian elections are coming closer.

I never claimed I believed anything the governments tell us.  Grin

Yes it was an imports restriction, a severe one.

There were two stories:

a) The bullshit story about the trade deficit and the need to curb gold as the culprit for the problem (=bullshit, the numbers don't add up, yet the ban was enforced and thus smuggling started to take effect)

b) The other bullshit story about reduced demand in India because the people could not affort the tax, that supposedly made gold expensive. Well, even with the tax it was lower than what they were getting it a few months earlier = bullshit. But it was enough to send gold some shockwaves of "oh, people of India stopped buying aggressively, gold demand is doomed".

legendary
Activity: 1708
Merit: 1049
February 23, 2014, 04:50:00 PM
Also why the fuck not audit the fort knox and FED... if theres nothing wrong, there no need to disagree with the audit, just make it happen and you will have a nice PR (if the gold is there)...

That too is meaningless. They are moving around the gold as needed. One day it is here for the audit, the next day the gold is 10.000 miles away to cover some delivery for a paper contract and a week later it is back again in the vault arriving from another vault.

The Elite control the network of central banks and private repositories and thus have no issue to "present" gold when needed for an inspection, or deliver as needed. It's not like it will be needed simultaneously at every single point - that's when they'd have a problem.

sr. member
Activity: 742
Merit: 250
February 23, 2014, 12:46:50 PM
Also dont forget that there was some "semi-audit" of something? (gold? fed, fort knox)...? I dont know what exactly in autumn/winter 2013 or 2012 (i think) and a lot of interested people were waiting for the "audit" documents come out, it took them (US) government several months to just release the documents (they were delaying it as much as possible i belive) and when the papers came out, it was only around i dont know 15 pages, which is really small for "audit" (i belive) and only 1-2 pages were really talking about the gold reserves (the point of the audit), the previous 13-14 pages was just some legal crap by which the audit was made, what it means etc., just plain worthless legal text. And on those 1-2 pages it was actually i belive only an audit of the "books", like "do the books tell us that we have the gold? Yes they do, ok cool, so everyone calm down, the books say that the gold is there, no need to worry" :-D...

I really dont know what to think about that, but i really belive there is SOMETHING wrong... the goldbugs might be over-blowing the issue and future gold price, but i really belive that in core, there IS something fishy and some kind of manipulation.


Also why the fuck not audit the fort knox and FED... if theres nothing wrong, there no need to disagree with the audit, just make it happen and you will have a nice PR (if the gold is there)...
sr. member
Activity: 336
Merit: 250
February 23, 2014, 11:26:55 AM
(2) On paper, this is all good and true. However, as I said, Germany isn't interested in things coming apart. They clearly helped the US to cover their gold-lies, for the following reasons: (1) To not cause on uproar within their own population, (2) To let the games continue and for the leaders to stay in power (seems like the only thing that matters to them!)

Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.


That's your opinion. I strongly disagree when looking at the overall picture (Bundesbank lying about smelting process, etc, etc..).

In regards to India, as far as I remember, it was not just a tax, but a huge restriction. And yes, they probably did it because they were asked to do it by the west. However, those restrictions will probably not hold up much longer, as Indian elections are coming closer.

I never claimed I believed anything the governments tell us.  Grin
sr. member
Activity: 371
Merit: 250
February 23, 2014, 10:44:55 AM
...(There's a subtext here, to who spreads the mis-information.  They only want to paint a picture against the US).  Its entirely possible to deliver more gold in future years than in the first, so let us wait until at least some way into the forward schedule to declare that the anyone has been unable to deliver.

"so let us wait...."

I think the purpose of this thread is to try and anticipate what gold will do in the future so we can decide whether to invest or not, versus other assets -- so waiting is not an option. I'm not sure when this thread was started but I'm guessing if someone had invested in gold and silver and sold BTC on that day, they would probably be looking at a good return. 

The two previous incidents among many that persuaded me that gold is being manipulated were:

1) 2010(?) when the IMF made one of its sudden announcements that it would sell 400 tons of gold and instead invest in less volatile assets (sic). Eric Sprott said at the time he would buy the gold from them. They never replied to his offer.

2) when the swiss central bank announced that it would peg its currency to the EURO, which should have driven the price of gold much higher. 20 minutes before the announcement, someone started a massive paper sale of gold. But how could anyone except for a central bank have known that the Swiss CB was about to make that announcement?

Btw I like zerohedge but I agree about the "spikes" or "crashes" they talk about are just designed to get people to read. But it is the only media outlet that actually provides a balanced perspective on anything about the markets. CNBC et al are just wall street cheerleaders.
legendary
Activity: 1708
Merit: 1049
February 23, 2014, 09:32:21 AM
(2) On paper, this is all good and true. However, as I said, Germany isn't interested in things coming apart. They clearly helped the US to cover their gold-lies, for the following reasons: (1) To not cause on uproar within their own population, (2) To let the games continue and for the leaders to stay in power (seems like the only thing that matters to them!)

Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.

If people are looking for real gold shortage stories they should investigate India and how the people got blocked from buying physical for cheap.

What did you hear on the news? Trade deficit, blah blah blah, have to take measures, blah blah blah etc.

The trade deficit attributable to gold import was like 3-4% in 2012 - the other 96-97% was imports and foreign payments of all other types.

http://en.wikipedia.org/wiki/Economy_of_India

Imports   $488.6 billion (2012 est.)
Exports   $309.1 billion (2012 est.

(deficit = 179.5bn)

India imported ~860 tons in 2012 x 53.7mn USD per ton = ~45bn USD gold imports in 2012.
They also exported 39 bn USD in jewelry and gems, making the actual deficit in that department around 6bn out of the 180bn trade deficit.

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=198286&sn=Detail

And what was banned? Gold. Why? Because of "trade deficit" reasons Grin

Other bullshit stories circulated later on mid-to-later 2013 on why demand on India had been curbed by the gold tax, when, in fact, gold was actually cheaper (due to extremely low international price) even after factoring in the tiny gold tax.
sr. member
Activity: 336
Merit: 250
February 23, 2014, 08:53:29 AM
Quote
1. It would be expensive

2. More importantly, it would look incredibly stupid in front of the whole world to default on Germany's gold. It would be like a statement in big letters: "Gold supplies of the US and the West are gone. Run and grab all the gold you can, our economy is done with!" System comes apart, game over.

No way they could afford that, and Germany doesn't want that to happen either.


(1) is not that expensive (printing money is cheap)

As for (2) well, the Germans have leverage. They could blackmail the US to give their gold, or give them the money by saying "if you don't give us the gold OR the money equivalent as a discrete cash settlement that will bypass the "logistics problem" where you'll get off lightly to the press, we'll make it an international issue where we'll state, in rather direct terms, that you've robbed us and that your "logistic problems" are bullshit".

This prospect is a huge threat for the US and thus would have to comply otherwise trust in their role (and UK's role) as a custodian will be destroyed - no one will trust anyone else, everyone will seek repatriation and shit will hit the fan from gold shortages, making paper gold manipulation schemes fail (which, along with the petrodollar conversion, is the cornerstone strategy for preserving the USD's perceived value) and price going through the roof. Can the US afford this for a meager 600 tons or 24bn USD cash equivalent (~40mn per ton x 600 tons) ?

And not only do they have leverage but by deciding WHEN to do that type of blackmail, they can also go out and buy gold (physical or contracts) and benefit from their pre-knowledge of events, maximizing the gain from the squeeze that they themselves can cause.

In general Germans (=the government) don't seem too interested in their gold. Those who are REALLY interested in gold are actively raising their gold reserves, repatriating etc.


(1) True, I hadn't done the calculation either how little it would cost. I take that one back.

(2) On paper, this is all good and true. However, as I said, Germany isn't interested in things coming apart. They clearly helped the US to cover their gold-lies, for the following reasons: (1) To not cause on uproar within their own population, (2) To let the games continue and for the leaders to stay in power (seems like the only thing that matters to them!)
sr. member
Activity: 336
Merit: 250
February 23, 2014, 08:48:53 AM
Its entirely possible to deliver more gold in future years than in the first, so let us wait until at least some way into the forward schedule to declare that the anyone has been unable to deliver.

Hmm...if it's grey and huge and has a trunk and four legs and two big teeth of ivory coming out at the front, then it's probably an elephant.

Now you can say: It's not proven that this is an elephant, don't bet on it yet! I really doubt it's one.

And you are right, it's not proven yet. However, the indications are so overwhelming that I will damn sure assume it's an elephant (in the room) until I get some contrary indicators!

Once it starts roaring and grows yellow fur, I will take my assumptions back. However, it's extremely unlikely that will happen. Until then, my assumptions stand.
sr. member
Activity: 245
Merit: 250
February 23, 2014, 05:57:53 AM
I may well have had made a mis-understanding, as there is much mis-information on this topic from less than genuine sources.  The reference to Venezuela might seem irrelevant but at the time the same sources said they wouldn't get their gold, it would disappear or arrive and be full of tungsten.  This proved false.  Likewise the point about London is to show this plan is not because of fears the gold isn't present (as claimed by some sources), but that its simply what they state: to store half of Germany’s gold reserves in its own vaults.  (There's a subtext here, to who spreads the mis-information.  They only want to paint a picture against the US).  Its entirely possible to deliver more gold in future years than in the first, so let us wait until at least some way into the forward schedule to declare that the anyone has been unable to deliver.
sr. member
Activity: 742
Merit: 250
February 22, 2014, 10:22:00 PM
Also its worth mentioning that Romania cannot get its 90 tonnes of gold back from Russia:

http://www.bullionstreet.com/news/romania-wants-gold-treasure-back-from-russia/3047

But this is a different case, because i belive that Russia has the gold but simply doesnt want to give it back, either because romania is playing with USA and building some radars there or something, or simply by the fact that i doesnt want to give the gold back :-).

I belive russia has the gold.

So i think its also worth considering that US had the germany gold but simply doesnt want to give it back, but  Germany is a big player and i dont belive that  US would like to have any international problems due to this, unless they see some BIG major event in the near future when they will just openly stated that they will confiscate all the gold stored in their vaults and there nothing that the states that owned the gold can go. Ans US is somehow counting with the possibility that after the future event all the states will accept this...
The event might be the economic collapse or something other.

what do you think about the possibility that they have the gold but simply dont want to give it back (and are waiting for some near future event that will change a lot of things)??
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