TOO Funny - Bankers Sounding a Siren Today. What is it they are saying? "Stay AWAY from Gold" ! HOW Hilarious! Of course we should trust them, right?

This has just got my day going with a a GOOD Laugh.  Bankers are coming out sounding an Alarm this morning!  They are Yelling 'STAY AWAY FROM GOLD'!  How Funny!  Not just Reuters, carrying that article today but Wealth Briefing is also carrying the same article, with a different title, which sounds more official!

Of course we should all listen to them, right?  Gosh, they aren't the ones trying to steal everyone's houses with false paperwork now?  They aren't the ones that took Trillions of dollars from us either..... they aren't the ones who are bankrupting the middle class.... they aren't the ones who have caused this economic problems in the first place due to their fraudulent practices, right?  

I guess we should just listen to all they say and follow their advice.... correct?  

OH but before doing that..................... I would like all those who are sounding this alarm.... to REVEAL how much in metals do they PERSONALLY have!  I bet that would astound people in finding out how those top bankers are preserving their own wealth and protecting the value of the dollar at what it is right now!

So Are you going to listen to the bankers?  :)   

If there is one thing I have learned, whatever the Bankers say to do - DO THE OPPOSITE! 

People have learned to do the opposite of what Cramer says to do and have made money.  But I have to give "The Street" credit today.  They came out with an article yesterday that explains GLD and SLV in that they are simply Paper. 

The article says not to buy GLD or SLV either - due to it simply being paper and not real gold or silver being purchased and that big banks use that paper to short the metals in the futures market.  Great article and I advice reading it, to understand what GLD and SLV really are.


Portions of the Street Article:

When you buy gold and silver physically backed ETFs, you do not own the physical metal, you own a paper representation. With respect to the gold ETFs, for every share you buy, you "own" one tenth of an ounce of gold; for silver, it's one ounce. 

Because you own shares and not the physical metal, precious metal ETFs may be sold short, so two people can own the same "gold" -- the original owner and the investor who is borrowing the shares. Although baskets of shares are allocated to specific gold bars, which can be found in the ETF's prospectus, an investor must share ownership. 

Owning a precious metal ETF can also be more expensive than owning and storing the physical metal. Expense ratios can range from 0.25% to 0.50%, while storage fees at GoldMoney.com, according to founder James Turk, for example, cost 0.15% to 0.18%. 

Profits made on investments in physically backed ETFs are taxed like collectables, at a maximum of 28%, if the investment is held for more than a year. If an investor sells before the year is up, he is taxed at his regular income rate. Basically an investor gets taxed as if he owned bullion, when in reality he just owns paper. 

There are also two types of gold stored in the ETFs, allocated and unallocated. Allocated gold is the bullion held by the custodian. Custodians provide a bar list of all the individual allocated bars daily and are typically audited twice a year, paid for by the sponsor, by an independent party like Inspector International. 

Unallocated gold relates to authorized participants like JPMorgan or Goldman Sachs who trade gold futures. Futures contracts are often bought if the trustee needs to create new shares fast and doesn't have the time to buy and deliver the bullion. Typically allocated gold far outweighs the unallocated gold and the amounts are tallied each day by the custodian.

Silver and Gold, FINALLY Manipulation about to End?

Adrian Douglas wrote a Great article about how Silver and Gold deliveries notices are delivered and how it all happens.  It seems Millions of ounces of silver are suppose to be delivered this month, but they have not gotten their Delivery notices.

Here is his explanation on how it is done and why the shorts might be caught.  But as always time will tell......

This is originally from Harvey Organ's blog

We talk of longs and shorts but when it comes to the current front month contract we should talk of buyers and sellers because at that point there must be a delivery process instigated. The current front month contract is SEP. Anybody who held contracts long going into what is known as "First Notice Day" (August 31 for SEP) is now OBLIGATED to take delivery and anybody holding contracts short is OBLIGATED to make delivery to the longs. (There can always be agreements to settle in cash but only if both parties agree but the obligation is for delivery). If you don't want to take delivery or you don't want to make delivery you have to roll or sell or cover your position BEFORE First Notice day.
The process is that if you are still holding a long contract on First Notice day you are "standing for delivery". You have to pay in full for your contract to your broker. The sellers (the shorts) must now issue "delivery notices" to inform the buyers that they will deliver bullion to them. Let's take SEP. On first notice day there were 3,002 contracts long and the same number short. But those holding the longs don't know who the holders of the 3002 short contracts are. So the delivery notice process is to match up the buyers with the sellers. Let's say you are holding 100 contracts. You need some one to tell you where your silver is going to come from. So the sellers of the 3,002 contracts have to issue a delivery notice to the clearing house to let them know they are a seller and they are ready to hand over the appropriate amount of silver. The sellers have 30 days to issue these notices. In theory the holders of 3,002 should ALL have received a delivery notice by the end of the 30 day notice period (Last Notice Day). These are assigned by the clearing house to the longs who are said to have "stopped" the notice while the seller has "issued" the notice. The delivery notice is sent by the clearing house to your broker. The clearing house assigns them in proportion to the holding. Once you have the delivery notice your broker will then transfer the money you have paid in full for your contract to the account of the seller at his broker. Now that he has confirmed his readiness to deliver and the money has been transferred you will then receive a "Warehouse receipt" with specific bar numbers and weights and with that you can collect your metal and take it away from the designated Comex depository. You can not take delivery with a "delivery notice" you have to pay the money and get the warehouse receipt.
Until the warehouse receipt has been issued the silver storage and insurance is paid by the seller. So they should want to start the process as soon as possible and issue delivery notices on the first notice day. Delaying issuing delivery notices indicates that the sellers don't have metal in the "registered inventory" of the Comex. If a delivery notice is issued and money is transferred the Warehouse receipt MUST be issued but if the seller doesn't have registered metal he can not enter specific weights and serial numbers on the warehouse receipt because he doesn't have any warehouse metal. So the seller delays issuing the delivery notice (which he can do because he has 30 days to issue). He then has to find some metal to put on the exchange or see if he can lease metal from an investor who has metal on the exchange or see if he can offer cash to buy a delivery notice from a long who has already received one. So a "dearth of delivery notices" means that the sellers don't have the bullion available because if they did the notices would be instantly issued on First Notice day. For example if we had seen 2600 delivery notices issued on first notice day this would have been bearish because it would mean there is plenty of bullion to meet deliveries and a large proportion is being offloaded to the buyers at the first opportunity.
Taken to the limit, if the seller FAILS to issue a delivery notice by last notice day then that is a "default". The seller is obligated to deliver and he has failed in his obligation to start the transfer of metal from him to a buyer.
It doesn't mean we will see a default this month but it suggests that the sellers are in trouble and scrambling for supply as signaled by the reluctance to issue delivery notices and the price action.
Adrian Douglas

Great Article out at Huffington Post about the manipulation of Metals and JP Morgan!

Very Small Portion:

 

Andrew Maguire of London blew the whistle on JP Morgan Chase's very likely profound manipulation of the silver market to the CFTC. As financial government watchdog agencies are wont to do these days, they did their best to sweep it all under the carpet. How the SEC handled Bernie Madoff's ponzi scheme is a prime example of this. This matter is not a ponzi scheme but it is a the largest scam ever going into the trillions of dollars territory. But back to Maguire who was quite determined to clean up the business of commodities trading. He goes public with powerful compelling evidence of JP Morgan Chase's manipulation of the silver market. This happens on a Kingsworld radio show. The next day someone tries to kill him by ramming a car into Maguire's car. Maguire and his wife who was also in the car are hurt pretty bad but survive. After this in their infinite wisdom the commodities watchdog the CFTC decides to have a meeting with most of the key players in commodities trading but exclude Maguire from attending. At this meeting a secret is revealed that could easily tear apart the fabric of our barely functional financial system. The secret is that for every 100 ounces of gold and for every 100 ounces of silver traded on paper there is only one actual ounce of gold and one actual once of silver to back up these trades.

London Metals Exchange Raided by Smart Investors and Emptied of Gold?

Seems there may be evidence of the London Metals Exchange being raided and emptied of Gold.  For a couple of months the numbers out of the Metals exchange have not made sense.  Many experts have been commenting on it over and over.  Also, remember BIS admitted to swapping gold in July.  But one thing that has been for sure... from GATA, to Harvey Organ - they all have been saying the same thing..... the numbers of inventory and what is going out have not matched and all of it, has stopped making sense.

This article could be the explanation of what has occurred.  Very smart investors working together with unlimited amount of money, in a sophisticated way, raided the vaults of the London Metals market in July and may have emptied it. 

If this is the case, then will the manipulation FINALLY Be Broken in the very near future?

TPTB, have been able to keep the manipulation going much longer than many had expected.... but is it Finally about to be over?  Lets Hope So!

A MUST READ Jim Willie Article - About U.S. Debt, Treasuries, Gold and How MERS is Fraud!

This article from Jim Willie, puts everything together!  The fact the U.S. is monetizing the debt through the Treasury bonds is obvious!  How the U.S. Treasury Bonds are some how selling better and more than ever, than before, yet those buying it are "other investors".  He also states MERS is complete Fraud in the article!  

He literally discuss everything going on with the U.S. and what is really happening, including China and other countries, are stopping buying the U.S. debt and buying Gold.

No matter what the U.S. MSM says and the Government says, the truth is in the numbers and when those are looked at closely, what is really happening is figured out.

There are other signs too - including LBMA - is closing it's data bank info on bullion purchases and information about Gold, as of last week.  They are now going to hide the information, due to those who look at it and see the truth through the numbers.

Also, China a couple of months ago, decoupled from the U.S. dollar, though it was still pegged to the dollar. Now, they are saying they are going to no longer peg it to the dollar either.  They will be pegging it to a basket of currencies.  That means, they know something, we don't about the dollar and what is going on.

Then we have this article about the U.S. dollar and the expectations, due to the charts and indexes of it falling much more within days.

China came out and said the U.S. is insolvent and is going to go bankrupt, last week.

The simple fact of the matter is...... the U.S. is bankrupt, the government has been printing money to buy the treasuries, they have been buying them through the U.K. which has mysteriously come up with billions and billions of dollars to buy the treasuries and has tripled their purchases this year, yet no real source where the money is coming from.

From the Jim Willie Article linked above:

This category supposedly purchased $15 billion worth of USTreasurys in 2008, then jumped with ink jet assist (printing press) in 3Q2009 to a staggering $528.7 billion in purchases, a 35-fold increase. The Household is on track to buy $704 billion worth in all fiscal 2009. The bottom line is a shocker! What is the Household Sector? It is a combination of miscellaneous, ledger adjustments, and blatant monetization. Sprott calls it a PHANTOM that does not exist, but serves the purpose to balance the ledger in the US Federal Reserve Flow of Funds report. In the past, this ledger item was calculated as residuals, securities on loan across groups, even inclusive of rounding error. The monetization is no longer hidden. He concludes that USTreasurys have become one giant Ponzi scheme, just like Bill Gross of PIMCO quipped. This is a smoking gun.
Many, including myself had expected for the fraud to come to light long ago, but in my opinion, due to the Mainstream Media looking the other way and never bringing attention to it, as they do as the government wants, they have been able to continue the Ponzi and Fraud schemes, including the constant manipulation of the metals market.
But, is it now coming to a fast end, due to other countries being totally fed up with the fraud from the U.S.?

Ask yourself these questions.... how is it the stock market is able to go up without any real recovery and the lowest trades, what fraud has been committed there?  Why is it at 9am for the last couple of weeks, the metals are all hit and sink in price on no news?  Is this the last desperate attempts to scare people out of the metals and the worst hits come on option expiration days?  There are thousands of questions that can be asked and by asking them, you will see the data does not make sense to what is going on.

So, all anyone can do, is protect yourself in all ways.... getting out of the markets, buying Metals and buying commodities that can get you through what is going to be coming very soon.  The can has been kicked down the street for a few years now, but it has hit the Large Looming Metal Wall and it can't go further.  The problem is.... most are asleep to that fact, but won't be able to be asleep for much longer.

If you want to read a very chilling article out today - The Death of Paper Money -  it is about what happened in Germany and what is about to happen here.  What I did not know and just learned through the article, is ... Germany passed a law during the time of hyperinflation there, that linked the price of gold to loans taken out previously, so the loan amounts went up as the price of gold did!  That I did not know.  So, will the U.S. government also pass such a law? So, the loans we have right now, will go up in what we owe as gold goes up, thus people can not get out of debt if they protected themselves?  So does that mean, there may be a very short time frame of those who have purchased metals to pay off their loans, before some outrageous law is passed that of course protects the banks and not the people?

Adrian Douglas - Proof of Gold Manipulation - Price of Gold Should Be $54,000 Per Ounce! Also another Article - Massive Fraud in Silver!

Adrian Douglas has laid out the Price Manipulation of Gold, in doing so, he has said the Price should in effect be $54,000 per Ounce right now.

It is a shell game being played.  He uses the analogy with Wine in place of Gold in explaining how it is done.


If people would take their physical Gold instead of accepting the paper gold it would be broken.

What I have found interesting is a report out today that over 6 Tonnes of Gold has decreased from the SPDR GLD fund.  Does that mean people are getting out of paper and into physical?   I hope so.

This Blog - Harvey Organ - does an Awesome job of letting us know what is going in and out of the Metal Comex warehouse.   I highly suggest reading his blog, to keep up with the numbers and other information about Metals.

This information about the Silver Market - is a MUST READ!  It is simply Outrageous the amount of manipulation of the Silver Market.  The fact is 90% of all Silver has been used and the physical is not there.  Silver is used in many industries and there is actually very little silver left.  If you don't have Silver, it is advisable to buy some.  Please Read this information.... Inventory Fraud Increases in Silver.