Precious Metals Thread

see-thru's picture

For E_Gold:

Please use this thread to post your questions, observations, physical bullion reports from coin dealers, or anything else that has to do with precious metals.

To start us out, I would like to present the following article that provides further evidence of manipulation in the paper precious metal markets. The article was posted on Kitco, on Monday, just before the $20+ drop in the gold price today. You have to love the powers that be for providing us buying opportunities at artificially low prices.

http://www.kitco.com/ind/Wallenwein/may262008.html

Khomar's picture

Must Read Article

This is huge.

And here’s what the Chinese allegedly uncovered:

Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.

http://news.goldseek.com/GoldSeek/1258049769.php

The article goes on to say:

In light of what has occurred – regarding the Gold ETF, GLD – after reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these “salted tungsten bars” where they would never see the light of day – hidden behind the following legalese “shield” from the law.

This is bad. Really bad.

And look who else is going to be selling gold:

"Lawmakers agreed to Obama’s request to include $5 billion to secure $108 billion in aid, primarily in the form of a line of credit, to the International Monetary Fund. The legislation would permit U.S. representatives to the IMF to agree to its planned sale of 13 million ounces of gold, one-eighth of the organization’s holdings, to help finance aid to poor countries."

Criminals

http://www.bloomberg.com/apps/news?pid=20601103&sid=azS1VwKeTbKo

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ciao.

Poca's picture

E-Gold's Dream...

Gold sold like chocolate from German vending machines
Shoppers in Germany will soon be able to buy gold as easily as bars of chocolate after a firm announced plans to install vending machines selling the precious metal across the country.

TG-Gold-Super-Markt aims to introduce the machines at 500 locations including train stations and airports in Germany.

The company, based near Stuttgart, hopes to tap into the increasing interest in buying gold following disillusionment in other investments due to the economic downturn.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5554972...

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A real friend is one who walks in when the rest of the world walks out. ~ Walter Winchell

and that

is pretty cool.

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ciao.

Poca's picture

nothing like convienence...

Pop in a $~grand~$ and your good to go!
(LOL They better anchor those machines and make them like armoured cars.)

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A real friend is one who walks in when the rest of the world walks out. ~ Walter Winchell

Khomar's picture

That was my thought. I am just having a hard time seeing this working out. Silver, sure. Gold... should be interesting. :-)

Poca's picture

I can see the headlines now!

LOL! That could be something to watch for!

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A real friend is one who walks in when the rest of the world walks out. ~ Walter Winchell

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