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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (56656)10/19/2009 8:42:23 PM
From: Secret_Agent_Man  Read Replies (2) | Respond to of 217978
 
The gold will be held at J.P. Morgan Chase & Co.'s bank in London.

GATA’s Chris P…

"Ordinarily the announcement in the news story appended here might be construed as growing recognition that gold is money. But it may be most important for the disclosure in the story's last line: "The gold will be held at J.P. Morgan Chase & Co.'s bank in London." So one has to wonder if this isn't just part of the ongoing fractional-reserve gold banking scheme by which Morgan Chase -- that is, the trading arm of the Federal Reserve -- enlarges a pot of gold that can be presented as belonging to any number of claimants at the same time, claimants like the shareholders of the gold exchange-traded fund GLD, for which Morgan Chase is also custodian."

zerohedge.com
margin-requirement-collateral



To: TobagoJack who wrote (56656)10/19/2009 10:01:37 PM
From: Joe S Pack3 Recommendations  Read Replies (2) | Respond to of 217978
 
"Many of the houses hold quite a lot of physical gold and would welcome using it more efficiently," he said.

The gold will be held at J.P. Morgan Chase & Co.'s (JPM) bank in London.

Is this the reason (http://www.professorfekete.com/articles%5CAEFGoldBasisIsDeadLongLiveGoldBasis.pdf ) why bankster J.P Morgan is desperate to get gold wherever they can find? It seems their naked shorting of gold futures has started haunting them. I will be really happy if it is true. The fiat enabling day time robbers Karma will eventually catch all these wastrel evils.



To: TobagoJack who wrote (56656)10/20/2009 3:07:38 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 217978
 
WOuld not be surprised if after few months gold bars will go missing in this scheme dreamed up by thieves and swindlers