TSX:SGR.UN - Post by User
Post by
Vanhopeon May 13, 2013 9:44pm
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Post# 21387830
WHAT ? You Don't Have My Gold ?
WHAT ? You Don't Have My Gold ? What? You Don't Have My Gold?
The banks and those who claim to back up their paper gold with true physical inventories are defaulting on their redemptions.
Rumours of the LBMA (world's largest gold trading house) not willing to deliver gold, and news of JP Morgan's inventories at the COMEX having gone from 2.4 million (ounces) down to 160,000 ounces (see staggering bank outflow,) are beginning to surface everywhere.
One of the largest European banks, ABN Amro, recently defaulted on their gold contracts and informed their clients that they would only settle their gold bullion contracts in cash and not in physical.
I've also talked about silver manipulation by the big banks many times before.