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Tuesday, March 2, 2010

Gold scandal gets form and shape - must read

After various reports of fake gold on one hand and tremendous sales of Gold in London that does not exist we can be sure that a huge scam and fraud is on in Gold (far too much smoke and evidence out there). After all its a huge manipulation as the big demand is met with not existing supply hence the price which should reflect a natural demand and supply balance is obviously not given. Again regulators should be aware of it but do hesitate or ignore the situation and as always JP Morgan who is one of the biggest US stocks manipulators these days probably on behalf of the FED/Treasury is in the game with one of the Rothschild banks HSBC who both seem to account for 95 % of all metal derivatives and are custodians of the high volume ETF's GLD and SLV.
The other usual suspects are also in the game as Soros doubles up on Gold last quarter and calls it a bubble - he is one of the finest snake oil salesman you can find as he pretended at the lows that stocks would go lower but his performance speaks otherwise. Paulson the Hedge Fund manager is also heavy in Gold and the evidence that both work for the same master (Rothschild/Rockefeller gets quite obvious).

Excerpt 1

German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world's largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that "not all the glitters is gold."

Full clip after the jump.



Excerpt 2

Exposing The London Bullion Market Association


Following up on the earlier post in which German TV station ProSieben has disclosed proof of the existence of tungsten "gold" bars in circulation within the bank community, we share with you the following highly informative presentation by Adrian Douglas of Market Force Analysis titled "LBMA OTC Market - "Alchemists" Turn Paper Into Gold." For anyone who has even a passing interest into what, as the author characterizes, could possibly be "the next Madoff scandal, except multiplied by 100", we recommend reading this paper. Go to below link in order to open the paper.

http://www.zerohedge.com/article/exposing-london-bullion-market-association

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