History in the Making
There will be a run on physical precious metal, and only those who…
Continue readingThere will be a run on physical precious metal, and only those who…
Continue readingBasel III compliance has driven a top-tier bank to unload the last of their unallocated gold contracts?
Continue readingCustomers were charged storage fees every month, even though the bank was not actually storing anything?
Continue reading“….this is proof, and shows, how this game works…”
Continue readingThe banks will own these bullion assets ahead of their customers, and the banks will do their best to…
Continue reading“You might think that’s simple conspiracy theory…it’s actually conspiracy fact.”
Continue readingWhat banks do and what they say are very different things. Basel III is just another attempt to make the…
Continue readingThis fractional reserve system risks collapse with every run on true physical metal, and recent…
Continue reading“The Perth Mint completely refutes any claim that it is running a “fractional reserve” bullion storage program…”
Continue readingPending “Basel III” regulations emanating from the Bank for International Settlements could destroy the clearing and settlement system for unallocated “paper” gold…
Continue readingIn a bid to buy time to unwind massive interconnected unallocated positions…
Continue reading“This is also putting additional pressure on top of the…”
Continue readingThe movement to convert accounts from unallocated to allocated has seemed to stretch an already tight supply chain to the edge of breaking…
Continue readingThe last thing you want is to be at the back of the line with all of the other fools caught flat-footed and…
Continue readingIt’s quite probable that the silver and gold bar custodial business is likely one big shell game…
Continue readingThe last few delivery periods for gold and silver on the Comex have experienced a record number of longs standing for delivery. For gold…
Continue readingThe BIS long has acted on behalf of the Federal Reserve and has done so via swaps and crucially has been prepared to take on credit risk. This invites…
Continue readingAn unallocated gold account is nothing more than security interest in the account – it’s a paper derivative. In this regard, the LBMA is little more than…
Continue readingThey will need to sell their gold by April 1st, or the bank will sell it for them…
Continue readingWith an unallocated account the customer doesn’t have an entitlement to any specific bullion bars, and is a creditor of the bullion bank. So long as the customer is […]
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