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Jim Sinclair: "Today it was confirmed to me, that the Canadian mint’s present problems are not unique and that other depositories (vaults) have had an army of auditors descend on them in the last two weeks. Some of these depositories have names so famous that it would scare the hell out of you....I suggest to you now that you take delivery of all gold held in vaults and depositories on your behalf, but this time even from the most prestigious."
Holy alarm bells batman! But he's cried wolf so many times, I find it hard to believe him anymore.
Canadian mint: We've lost track of $20,000,000 worth of gold , but don't worry.... *cough* "Your gold is safe with us ;)" *cough*
In other (older April) news, ECB saves Deutch bank & Comex from default. :eek::confused: . This was based on part 1 of the original Seeking Alpha article, and part 2, which states:
"When a willing regulator creates a situation like this [allowing illegal naked short selling] in the world of high finance, corruption and fraud will always follow. The allegations of conspiracy theorists take on new urgency, because they are likely to be correct, at least in part. If the gold really exists, let’s get to the bottom of it, and calm the fears of the market. If it doesn’t exist, commercial so-called “hedgers”, taking short positions in excess of the speculative limits, are committing fraud. "
Is this going to turn out like the black swan that so many saw, but everyone else didn't believed was real? Or will co-operation between banksters and the various Western governments, with a lot of power & interest, protect COMEX from ever defaulting? Or..or... will Russia, China & Saudis force an eventual default through continuous large hedge purchases against their US dollar reserves? You know, slowly buy enough PM's while they are cheap, and overbuy a bit to offset the eventual US dollar dump. When the dump takes place, PM's surge and China,Russia,etc sell off their excessive build up to make-up most of the losses on the dollar dump. Tadaa!
Holy alarm bells batman! But he's cried wolf so many times, I find it hard to believe him anymore.
Canadian mint: We've lost track of $20,000,000 worth of gold , but don't worry.... *cough* "Your gold is safe with us ;)" *cough*
In other (older April) news, ECB saves Deutch bank & Comex from default. :eek::confused: . This was based on part 1 of the original Seeking Alpha article, and part 2, which states:
"When a willing regulator creates a situation like this [allowing illegal naked short selling] in the world of high finance, corruption and fraud will always follow. The allegations of conspiracy theorists take on new urgency, because they are likely to be correct, at least in part. If the gold really exists, let’s get to the bottom of it, and calm the fears of the market. If it doesn’t exist, commercial so-called “hedgers”, taking short positions in excess of the speculative limits, are committing fraud. "
Is this going to turn out like the black swan that so many saw, but everyone else didn't believed was real? Or will co-operation between banksters and the various Western governments, with a lot of power & interest, protect COMEX from ever defaulting? Or..or... will Russia, China & Saudis force an eventual default through continuous large hedge purchases against their US dollar reserves? You know, slowly buy enough PM's while they are cheap, and overbuy a bit to offset the eventual US dollar dump. When the dump takes place, PM's surge and China,Russia,etc sell off their excessive build up to make-up most of the losses on the dollar dump. Tadaa!
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