Recent articles being put out about fake units of gold being sold and not being delivered. Possible hush money being offered to those who have holding. 125% increase of spotted price payed in paper money being offered. J.P.Morgan and Deutsche Bank are being mentioned as the counterparties involved. News of this would cause a GOLD RUSH on banks and would further prove that fake units of gold being sold.
Gold Fraud UK Style Certain central banks such as the Bag Lady of Threadneedle Street (nickname of the Bank of England) has rushed to the rescue of her agents, the bullion banks, trying to bail them out by offering substandard (22 carat) gold in settlement of contracts at the verge of being defaulted. There seems to be circumstantial evidence that this month the gold exchanges are unable to honor their expiring contracts for which delivery notices have been issued in September.
It has occurred in spite of a robust, even increasing, contango. Furthermore, circumstantial evidence exists that counterparties to these expiring contracts for future delivery – bullion banks, to be precise, the name of J.P.Morgan and Deutsche Bank being prominently mentioned – have offered bribe money up to 125 percent of the quoted spot price to holders of long contracts if they would take settlement in paper, on condition that the embarrassing affair will be kept secret.
If true, these maneuvers are motivated by the desire to conceal the real gold basis, and to deny that gold is in or approaching backwardation. If the truth were widely known, then there would be a run on the bullion banks. The “let’s get physical” movement would trigger a chain-reaction culminating in all offers to sell physical gold being permanently withdrawn around the globe. “Gold would not be for sale at any price”, whether quoted in US or in Zimbabwe dollars – or, for that matter, in any irredeemable currency – the only kind of money people are allowed to have nowadays. The curtain would fall on the “Last Contango in Washington”. The day of permanent gold backwardation would dawn. The chapter on a reactionary episode of history, irredeemable currency, allowing the Treasury and its central bank to create unlimited liabilities out of nothing which they have neither the means nor the intention to honor, but could use them for check-kiting purposes to mesmerize gullible people around the world, would be closed and become but a bad memory.
Central banks are aiding and abetting the plunder of the sovereign assets of their countries to bail out their agents or friends in an attempt to “sweep the whole bloody mess under the carpet”. Toronto analyst Rob Kirby�s recounting of the behind-the-scenes activity that recently drove up the price of gold is but one example of this on-going battle. On the last day in September, Kirby reported large buyers of gold entered the futures market and demanded immediate physical delivery on the September contract.
The counterparties, allegedly JP Morgan Chase and Deutsche Bank, both complicit in the central bank suppression of gold, counter offered with premiums 25% above spot if the contracts could be settled with paper money instead of physical gold but the buyers refused, sending gold to record highs as the banks scrambled to deliver gold they did not own. Questions were also raised about the quality of the gold bars delivered. Evidently, the bars provided by the Bank of England had to be re-cast as to meet the .999 quality necessary for delivery