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Hosea 4:6 My people are destroyed for lack of knowledge…

Posts Tagged ‘gold manipulation’

Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals (Stunning Pictures)

Posted by truthpills on 2013/07/04

Mac Slavo
June 14th, 2013

One day in the near future Americans will finally realize that their money is being devalued at a rapid pace. For the time being the price increases are somewhat muted by official announcements of inflation being under control at around 2% and purported economic recovery on the horizon. The Federal Reserve and the US government are doing everything in their power to maintain a perception of stability.

But what happens when all the machinations are proven to be fruitless during the next stock market crash and currency crisis?

That’s when people panic. That’s when they start mass selling assets that hold no true value, and shift their capital to physical goods that store and preserve wealth.

In China, where the central government has manipulated the currency, economic and financial markets for decades, the people have seen it all before. And they aren’t taking any chances.

While the paper price of gold and silver may have dropped nearly 25% this year, it’s clear that demand in the real world is soaring.

If you want to know what it’s going to look like in front of precious metals dealers when confidence in our government’s ability to manage this crisis is finally lost for good, then look no further than the streets of China.

The following pictures, taken in Jinan in the last 48 hours, depict some 10,000 Chinese citizens lining up to buy physical gold, providing all the evidence you need for the argument that gold is, in fact, money.

These are absolutely stunning.
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Your gold is safe with us, mint tells clients

Posted by truthpills on 2009/06/18

Reassurance comes amid fears there will be a ‘run’ on holdings

By Ian MacLeod, The Ottawa CitizenJune 13, 2009Comments (11)

To halt a possible “run” on the gold it safeguards for private businesses, the Royal Canadian Mint is reassuring customers their deposits are fully accounted for and in secure vaults as the investigation continues into as much as $20 million in lost precious metals.

Since the scandal broke last week, some precious metals market advisers have been trying to instigate “some kind of a run” on the custodial accounts of the Ottawa mint and other mints around the world, said Jon Nadler, senior metals market analyst with Montreal-based Kitco, one of the world’s leading precious metals bullion dealers.

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Truthpills:
There is no such thing as a run on the mint or vault if the gold is accounted for. If they sold or leased or leveraged the gold without permission and they don’t have enough in the vault as the books say they should, then when all their clients withdraw their gold, there’s a run. There’s a run on the bank because they are leveraged 9 to 1 in the old days but now they are 50 to 100:1; just a few percentage of clients with full withdrawal would put the bank out of business.

run on the

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Gold Manipulation with Negative 1-Month Lease Rates

Posted by truthpills on 2009/04/07

Gold is manipulated by international bankers to keep the fiat money going.  The two most common ways to manipulate gold is by selling naked short and by cheap leasing.  Central bankers like Chase, Bank of America, Goldman Sachs sell naked shorts of gold through the COMEX to push the spot price down.  Naked short selling means selling what they don’t have and cannot borrow.  They will flood the “create out of thin air” supply of gold to overwhelm the demand until there are little to no more intersted buyers.  If the investors call them bluff, they will lose their shirts.
The second method is leasing.  Bankers, investors, jewelers and other industries can lease gold from the central banks.  The central banks can manipulate gold prices by changing the lease rate.  The diagram below shows lease rate from short term to long term.  If you look at the 1-month lease rate, it’s NEGATIVE!  This means you can lease from the central banks and they will PAY you to lease their gold.    It’s like you lease a car and the dealer will pay you to lease their car.  This is a way to get as many sellers of gold as possible; BUT the opportunity is not for you but for bankers with connections.
It is possible to expose the manipulation; people buying contracts from COMEX must take physical delivery!  Once COMEX goes bankrupt, gold prices will go through the roof!
Gold Negative Lease Rate

Gold Negative Lease Rate

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