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Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London

 
Face Palmer
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07/05/2013 05:40 AM
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Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
As the rampant criminality in bullion markets becomes more and more apparent (even to outside observers); we get another anecdote from the Corporate Media illustrating the level of fraud/manipulation in unequivocal terms. We’re told that bullion-buyers in London must now wait more than 100 days to take delivery of the bullion for which they have already paid.

The comedic drones at Bloomberg, and officials of the London Metal Exchange itself would have us believe this is due to "warehouse queues." While precious metals bulls undoubtedly appreciate the imagery implied of a 100-day line-up of armored cars waiting to load their bullion – in the middle of this "bear market" – the implication is fallacious.

In an era of just-in-time inventories; the notion that there can be a 100-day backlog to load bullion into armored cars with the metal already sitting in the warehouse is ludicrous. Clearly what the LME is really reporting here is a greater-than-three-month delay to refine the gold (or silver) being purchased here – and then ship it to their warehouse.

[link to www.bullionbullscanada.com]

siren2

Last Edited by Face Palmer on 07/05/2013 05:41 AM
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Face Palmer  (OP)

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07/05/2013 05:43 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
How large are the bribes? Even as far back as 2009 it was rumored that the normal size of the “premium” paid to buy-off traders was approximately 25%. Naturally such bribes will be accompanied by non-disclosure clauses – conveniently prohibiting buyers from confirming these serial inventory defaults at the LME (and New York as well?).

With current delays to take delivery having now reached such absurd extremes, there is no longer any doubt that the LME bullion warehouses are empty. This means that any cash settlements taking place can no longer be characterized as mere attempts to “conserve inventories.”

Rather, what we are dealing with here is now open fraud. Selling futures contracts to purchase bullion at specific dates, knowing that (in fact) that “bullion” does not exist. The cash settlement becomes the legal “consideration” confirming the fraudulent transaction: bait-and-switch.

Buyers think they are purchasing “bullion”, when all the LME banksters are really offering buyers is interest on their paper. It’s a generous rate of interest, to be sure, but it in no way alters the nature of the bait-and-switch being perpetrated at the LME – and thus the size of the bribe itself can in no way negate the serial acts of fraud being committed by the LME.

pin
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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07/05/2013 05:47 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
I love the WAY they lie...line ups for bullion...the ride is about to begin and darn it it couldn't happen sooner. Metals to the moon...India massively switching to silver...it is unreal, surreal and well...ya'll know.
Anonymous Coward
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07/05/2013 05:48 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
You better be careful what you post about. Or you might have to do a Snowjob.
Face Palmer  (OP)

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07/05/2013 05:53 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
You better be careful what you post about. Or you might have to do a Snowjob.
 Quoting: Anonymous Coward 42846033


The writings are on the wall for years now. Since Ted Butler called out JP Morgan charging warehouse fees for non existing metal.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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07/05/2013 06:21 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
How large are the bribes? Even as far back as 2009 it was rumored that the normal size of the “premium” paid to buy-off traders was approximately 25%. Naturally such bribes will be accompanied by non-disclosure clauses – conveniently prohibiting buyers from confirming these serial inventory defaults at the LME (and New York as well?).

With current delays to take delivery having now reached such absurd extremes, there is no longer any doubt that the LME bullion warehouses are empty. This means that any cash settlements taking place can no longer be characterized as mere attempts to “conserve inventories.”

Rather, what we are dealing with here is now open fraud. Selling futures contracts to purchase bullion at specific dates, knowing that (in fact) that “bullion” does not exist. The cash settlement becomes the legal “consideration” confirming the fraudulent transaction: bait-and-switch.

Buyers think they are purchasing “bullion”, when all the LME banksters are really offering buyers is interest on their paper. It’s a generous rate of interest, to be sure, but it in no way alters the nature of the bait-and-switch being perpetrated at the LME – and thus the size of the bribe itself can in no way negate the serial acts of fraud being committed by the LME.

:pin:
 Quoting: Face Palmer


Thanks, Great summary.
Face Palmer  (OP)

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07/05/2013 06:42 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
BRICS preparing for silver backed money?!


"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Face Palmer  (OP)

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07/05/2013 07:30 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
bump
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
ac
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07/05/2013 07:47 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
The the banks need time to for their delivery of Tungston bars to be proccessed or covered with with a small amount of actual gold .
Horus of the Two Horizons
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07/05/2013 07:47 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
Failure to Deliver.

They don't have the metal.

Imagine if you called Dominos for a pizza and they said it will take 100 days.

"Do you have to build the restaurant first?"

WTF?

2-3 days tops for metal they honestly have. 100 days for metal they don't.

This is why the real price to obtain PMs is way higher than the paper price.
Anonymous Coward
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07/05/2013 07:52 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
A low IQ Canadian trying to pass for a box head.
No Dhimmi

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07/05/2013 08:08 AM

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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
bump
ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon)
Face Palmer  (OP)

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07/05/2013 08:11 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
A low IQ Canadian trying to pass for a box head.
 Quoting: Anonymous Coward 37299684


wtf
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
SteamrolledGobias

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07/05/2013 08:16 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
can't wait for the crash
Conjure Woman

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07/05/2013 08:30 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
A low IQ Canadian trying to pass for a box head.
 Quoting: Anonymous Coward 37299684


Bot?
Bad Dog Fly On. No Fear.

I like big mutts and I cannot lie!

Cave Canem!

All comments are meant meant for entertainment
purposes only and should not be construed to reflect the feelings and opinions, implied or expressed, of the author.
Face Palmer  (OP)

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07/05/2013 02:45 PM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
bump
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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Poland
07/06/2013 05:10 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
siren2siren2siren2siren2siren2
Anonymous Coward
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07/06/2013 05:10 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
bumpbumpbump
BoilerBloodline

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07/06/2013 05:14 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
bump 5 Stars. Pin suggested.
We are eternal all this pain is an illusion.
Anonymous Coward
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07/06/2013 05:15 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
Personally i think waiting 100 days while the security needed to move gold bullion through a major city isnt too bad.They arnt going to han it out like sweets ffs.
Its probably the reason why theres never been any stolen during thse transactions.
As for the que do you really thi nk they are just going to line up a load of trucks ?
Criminals would have a feild day i think youll find .

Just think about whats involed and make your own decisions instead of beleving rubbish like this.
Anonymous Coward
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Latvia
07/06/2013 05:16 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
Failure to Deliver.

They don't have the metal.

Imagine if you called Dominos for a pizza and they said it will take 100 days.

"Do you have to build the restaurant first?"

WTF?

2-3 days tops for metal they honestly have. 100 days for metal they don't.

This is why the real price to obtain PMs is way higher than the paper price.
 Quoting: Horus of the Two Horizons 34531932


Reminds me of the cartoon that shows a store with $.99 ground chuck on sale. The lady says I'll take 3 pounds and the butcher says we're all out of the SPECIAL ground beef. Would you like some of the $4.39 ground chuck instead?
Anonymous Coward
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07/06/2013 05:16 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
Sucks for them
Anonymous Coward
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07/06/2013 05:18 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
I wish people on ebay wouldn't advertise and item of a gold bar... a flash disk if they don't have it for sale! I can't help that they sell condom and use a gold bar flash drive as advertisement. I am wondering what they are thinking, can't wait to see what they come up with! :>) That was a gold bar 256gb flash they were selling and I bought it. From England I think, they need another suitable item.

That my Gold Bar story for today!
Anonymous Coward
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Poland
07/06/2013 05:19 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
dynamite
Anonymous Coward
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07/06/2013 05:20 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
If thers 10 people wanting gold and it takes 2 weeks to arrange adequete sceurity thats 140 day que for the last person,you have to assume each perosn wants delivery to them and its all not going to the same place.
Im sure all of those people would expect tight security at all times,if they didnt people would lose confidence in there ability to hold it.
Rememmber even if they collect it themselves they still have to move it through a major capital city.
Anonymous Coward
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07/06/2013 05:22 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
Where i live pitza has far less value than gold bullion.
I must be worth more where you live i supose.

:)
stormer

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07/06/2013 05:26 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
The vaults are empty,as worthless as the paper they print will soon be.hiding2
Emancipate yourselves from mental slavery - Bob Marley
Anonymous Coward
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07/06/2013 05:27 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
If thers 10 people wanting gold and it takes 2 weeks to arrange adequete sceurity thats 140 day que for the last person,you have to assume each perosn wants delivery to them and its all not going to the same place.
Im sure all of those people would expect tight security at all times,if they didnt people would lose confidence in there ability to hold it.
Rememmber even if they collect it themselves they still have to move it through a major capital city.
 Quoting: Anonymous Coward 41281166


Just STFU. I've seen your troll posts in other threads, too. Get back under your rock.
Anonymous Coward
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07/06/2013 05:27 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
100 days is also way less time it takes for invaded coutries like Mali to produce the gold,places like France and America already know this though,dont they.

[link to blogs.the-american-interest.com]

This wasnt long after America said it would take 7 years to repatriate Germanys gold,about the same legnth of time it would take Mali to produce it.
Anonymous Coward
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07/06/2013 06:11 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
This is no surprise when you understand that many gold mines are making a loss selling their gold at current spot prices.

I would suggest that most gold awaiting customer delivery is made up from the people cashing in their false teeth bent jewellery and family baubles.
Anonymous Coward
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07/06/2013 06:23 AM
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Re: Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
America hold 61bn of gold for Germany ,who want it back.
Thats alot of teeth and broken bits n pieces.

:)





GLP