Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London | |
Face Palmer
(OP) User ID: 1149868 Germany 07/05/2013 05:43 AM Report Abusive Post Report Copyright Violation | 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. "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 User ID: 40238430 Canada 07/05/2013 05:47 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 42846033 Australia 07/05/2013 05:48 AM Report Abusive Post Report Copyright Violation | |
Face Palmer
(OP) User ID: 42845099 Germany 07/05/2013 05:53 AM Report Abusive Post Report Copyright Violation | 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 User ID: 30938598 United States 07/05/2013 06:21 AM Report Abusive Post Report Copyright Violation | 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?). Quoting: Face Palmer 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: Thanks, Great summary. |
Face Palmer
(OP) User ID: 1149868 Germany 07/05/2013 06:42 AM Report Abusive Post Report Copyright Violation | 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) User ID: 42845099 Germany 07/05/2013 07:30 AM Report Abusive Post Report Copyright Violation | "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 User ID: 18477895 United States 07/05/2013 07:47 AM Report Abusive Post Report Copyright Violation | |
Horus of the Two Horizons User ID: 34531932 United States 07/05/2013 07:47 AM Report Abusive Post Report Copyright Violation | 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 User ID: 37299684 United States 07/05/2013 07:52 AM Report Abusive Post Report Copyright Violation | |
No Dhimmi
User ID: 18280111 United States 07/05/2013 08:08 AM Report Abusive Post Report Copyright Violation | |
Face Palmer
(OP) User ID: 42845099 Germany 07/05/2013 08:11 AM Report Abusive Post Report Copyright Violation | "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
User ID: 15716609 United States 07/05/2013 08:16 AM Report Abusive Post Report Copyright Violation | |
Conjure Woman
User ID: 33382770 United States 07/05/2013 08:30 AM Report Abusive Post Report Copyright Violation | 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) User ID: 42864652 Germany 07/05/2013 02:45 PM Report Abusive Post Report Copyright Violation | "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 User ID: 17477868 Poland 07/06/2013 05:10 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 17477868 Poland 07/06/2013 05:10 AM Report Abusive Post Report Copyright Violation | |
BoilerBloodline
User ID: 38019835 United States 07/06/2013 05:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 41281166 United Kingdom 07/06/2013 05:15 AM Report Abusive Post Report Copyright Violation | 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 User ID: 19138044 Latvia 07/06/2013 05:16 AM Report Abusive Post Report Copyright Violation | Failure to Deliver. Quoting: Horus of the Two Horizons 34531932 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. 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 User ID: 42899843 Canada 07/06/2013 05:16 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1507912 United States 07/06/2013 05:18 AM Report Abusive Post Report Copyright Violation | 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 User ID: 17477868 Poland 07/06/2013 05:19 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 41281166 United Kingdom 07/06/2013 05:20 AM Report Abusive Post Report Copyright Violation | 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 User ID: 41281166 United Kingdom 07/06/2013 05:22 AM Report Abusive Post Report Copyright Violation | |
stormer
User ID: 41295585 South Africa 07/06/2013 05:26 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 40565474 United States 07/06/2013 05:27 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 41281166 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. Just STFU. I've seen your troll posts in other threads, too. Get back under your rock. |
Anonymous Coward User ID: 41281166 United Kingdom 07/06/2013 05:27 AM Report Abusive Post Report Copyright Violation | 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 User ID: 42177242 United Kingdom 07/06/2013 06:11 AM Report Abusive Post Report Copyright Violation | 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 User ID: 41281166 United Kingdom 07/06/2013 06:23 AM Report Abusive Post Report Copyright Violation | |