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◄$$$ CENTRAL BANKS ARE DEEPLY IN HOCK OVER GOLD BULLION LEASES. THE AMOUNT OF TONNAGE IS ASTONISHING. THE STORY IS TOLD, BUT THE EXTENT OF LEASE VOLUME IS WAY WRONG. IT IS MUCH HIGHER. THE CRIMINAL BANKERS DEEPLY SHORT WILL BE FORCED TO COVER, TO LOCATE THE GOLD, AND TO DELIVER IN ORDER TO AVOID PROSECUTION AND LAWSUITS. WHEN THAT HAPPENS, THE GOLD PRICE WILL RISE MULTIPLES HIGHER. $$$
Information has typically been very sketchy on this important topic. Most people in the investment community yawn in boredom when it is cited. Nevertheless, the foundation of central banks and the monetary system will always find its strength from the collateral to money. Dimitri Speck is a gold market researcher and GATA consultant. From research, he estimates says central banks have leased out 4000 to 6000 metric tons of gold, excluding the United States. He specifically mentions the Swiss National Bank and the Bundesbank as involved in the gold leasing. The Swiss and Germans had for decades been the most responsible among the bankers, but no more. Beginning in the 1990 decade, they were lured by the Rubin gang in the USDept Treasury into easy money with leveraged gold sales, from leased gold bullion owned by their respective governmental treasuries. It is hard for the Jackass to perceive such activity as anything but theft and treason. The GoldMoney interview link no longer functions (CLICK HERE) for some reason.
My best gold banker and trader source claims the number is grossly incorrect. He has made repeated claims that the total volume that central banks, AND BULLION BANKS, are short from leases is more like 40 to 60 thousand tons, ten times more!! He fully expects a day of reckoning from these criminal bankers deeply committed in fraud. The Mexican central bank purchase of empty vaults is a prime example When they must cover the shorts, when they must honor contract commitments, when they must go out into the marketplace and purchase gold, they will force the price upward by multiples. They will resort to raids like on the Libyan hoard, which is sizeable but inadequate. They will first depend upon the gold repositories in Switzerland, but in time that source will refuse them, since they own the Mother Lode, much of it obtained (pilfered) during World War II. The Venezuelan demand by Chavez is a prime example. The Swiss titans will permit the gold price to find its true value multiples higher, after the system disintegrates completely. That process has begun, as the sleepy in our society do not see it.
◄$$$ BEHOLD THE MEXICAN PHANTOM GOLD PURCHASE. IT SEEMS LIKE MEXICO PURCHASED 110 TONS OF GOLD THAT DO NOT EXIST. THE LONDON BANKERS PULLED OFF ANOTHER FRAUD. THE BANK OF MEXICO OWNS CERTIFICATES, NOTHING MORE. IT IS NO WONDER THE RECENT BIG PURCHASES BY EMERGING NATIONS HAVE HAD ZERO IMPACT ON THE GOLD PRICE. THE LONDON BULLION BANKERS RAN A SCAM THAT IS BEING EXPOSED. AS THE MEXICANS DEMAND GOLD, THE LONDON BOYZ WILL SCRAMBLE TO OBTAIN IT AT SOURCE. THEY WILL LOOK TO BASEL SWITZERLAND AND THE MARKET. $$$
The following story about Mexico been duped and conned reveals the nature of the grand gold fraud game. The London Bullion Market Assn is a highly fraudulent enterprise, which sells what clients believe is gold, but is actually paper certificates, mere claims. They often are lured into deals that are loaded with complexity on the delivery side, as in almost never. The fraud is compounded by vault fees for gold bullion not actually held.
The LBMA banks are well known to possess only about 1% of all the physical gold they have allegedly sold and supposedly stored, accounting for their vast unallocated storage shenanigans.
They are deeply committed to fractional schemes. They play games in shuttling metal and concealing the absence of inventory. Enter Mexico, whose central bank this spring purchased what they thought was 110 tons of gold bullion. Observers of market activity knew the big acquisitions had no impact on the market price. Like many IMF sales, along with those of Thailand and Kazakhstan and India, they had less of an effect than an observer would otherwise have expected. The transactions merely meant paper contracts shifted from desk to desk. A persistent and diligent Mexican journalist named Guillermo Barba has investigated and provided the answer to this conundrum. He posed a number of questions to the Mexican Central Bank about the gold purchases. The initial forays were blocked on grounds of secrecy. Barba persisted, went to higher management officials, only to learn that the bankers were unable to provide the quantity of bars purchased, the bar serial numbers, the exact weight of each bar, or any other measures that would indicate to someone familiar with the gold industry that certain specific bars were titled in the name of Banxico. They own gold paper certificates in a complex maze designed by London conmen bankers. They bought unallocated gold, probably sold and leased, otherwise known as vault air. This is the same modus operandi seen before....[END SNIPPET]
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