Hooimijt December 2011

[Adamus]

Speciaal voor de doven en hard horenden....

Transcript for Ann Barnhardt Interview

Link interview reeds op youtube geweest en hier al gepost

Merci.

[Obi-Wan]

Toch eigenaardig dat Westerse media hier totaal geen aandacht aan besteden. Hoe zou dat toch komen

Venezuela’s second gold shipment reaches home

Venezuela’s central bank received the first shipment of gold on November 25 without providing details on the amount. Venezuela had 211 tons of gold reserves held abroad as of August.

Venezuelan President Hugo Chavez on Tuesday announced the arrival of the second batch of gold in the country, coinciding with the 13th anniversary of his first electoral victory according to Prensa Latina



Dit is volgens mij de hoofdreden waarom Chavez zijn goud in eigen land wil hebben. De schrik zit erin dat door de nationalisaties (olie- en mijnmij.) die hij doorvoert een instantie een schadevergoeding bekomt. En dat hij dan zijn goud kwijt is. Liever wat fiatforex kwijt dan the real deal

How long will we keep that Gold there? Who knows if a king or NATO (North Atlantic Treaty Organization) comes and issues an insane decree-law? That gold is ours,” added the Venezuelan head of State.

Link Vietnambusiness

[Obi-Wan]

How one could really have any standard criterion other than GOLD

[doubleyou]

Hey gasten, heb tussen 16:30 en 18:00 verschillende malen proberen in te loggen.
Site onbereikbaar. Voor jullie ook ?

En nu geen tijd meer om te posten. Ben weg. Misschien tot morgen dus.

[Obi-Wan]

Hey gasten, heb tussen 16:30 en 18:00 verschillende malen proberen in te loggen.
Site onbereikbaar. Voor jullie ook ?

En nu geen tijd meer om te posten. Ben weg. Misschien tot morgen dus.

Yep maar dat zou nu opgelost zijn. Er werd hierover een kleine mededeling gedaan onder about this forum

[Spruitje]

Ik werd er ook 'n paar keer uitgegooid. Maar we zijn weer in!

[Indiana Jones]

HSBC Sues MF Global Over $850,000 of Gold

An HSBC Holdings Plc (HSBA) unit sued the MF Global Inc. brokerage trustee to establish whether he or another person is the rightful owner of gold bars worth about $850,000 and silver bars underlying contracts between the brokerage and a client.

Five gold bars and 15 silver bars underlie eight Comex contracts between the brokerage and its client Jason Fane of Ithaca, New York, the unit of London-based HSBC said in a court filing yesterday. Both parties have asserted claims to the bars, creating difficulties for HSBC, which is storing them, the bank said. HSBC asked a judge to decide who the rightful owner is.

“HSBC has received conflicting instructions regarding ownership and disposition of the property,” it said. “Accordingly, HSBC is exposed to multiple liabilities with respect to the disposition of the properties.” The unit is HSBC Bank USA National Association.

Bullion is selling for about $1,717 an ounce on the Comex in New York, up about 21 percent this year, as investors bought the metal to protect their wealth from Europe’s escalating debt crisis, and reached a record $1,923.70 in September. Treasuries returned 9.3 percent, a Bank of America Corp. index shows.


‘Bars Are Mine’

“These bars are mine,” Fane said in an e-mail today. “We had a letter from HSBC that they were on the loading dock to be shipped to our warehouse contractor when there was some action taken by a third party to stop or delay shipment.”

The trustee, James Giddens, expects this “relatively minor and not unusual dispute” to be successfully resolved, his spokesman, Kent Jarrell, said in an e-mail.

Fane wrote HSBC after the bankruptcy, asking the bank to transfer the bars to his account at Brink’s, according to a copy of his letter filed in court. The trustee wrote HSBC saying the gold and silver was “customer property,” and the bank shouldn’t turn it over to Fane, HSBC said in the filing. Brink’s provides vaults and other services for the safekeeping of valuables.

The judge handling the bankruptcy said today that in January he would address the matter of distributing physical goods, such as gold and silver bars, after lawyers for some customers said they couldn’t get their share of the payouts because bars can’t be broken into pieces.

According to Fane’s letter, the five Comex gold contracts are for an average of 99 ounces of each.


Account Transfers

Giddens, who is liquidating the brokerage, has transferred about 38,000 commodity accounts to other firms. Three transfers of collateral made and pending will give commodity customers more than $4 billion of their assets, according to court filings.

The parent company’s Oct. 31 bankruptcy filing, the eighth- largest in U.S. history, listed assets of $41 billion. Jon Corzine, the former co-chief executive officer of Goldman Sachs Group Inc., quit as MF Global’s CEO on Nov. 4.

The brokerage case is Securities Investor Protection Corp. v. MF Global Inc., 11-02790, U.S. District Court, Southern District of New York (Manhattan). The parent’s bankruptcy case is MF Global Holdings Ltd., 11-bk-15059, U.S. Bankruptcy Court, Southern District of New York (Manhattan). The HSBC case is HSBC Bank USA National Association v. Giddens et al., 11-02924-mg, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

http://www.bloomberg.com/news/2011-12-0 ... rs-1-.html

[Obi-Wan]

HSBC Sues MF Global Over $850,000 of Gold

An HSBC Holdings Plc (HSBA) unit sued the MF Global Inc. brokerage trustee to establish whether he or another person is the rightful owner of gold bars worth about $850,000 and silver bars underlying contracts between the brokerage and a client.

Five gold bars and 15 silver bars underlie eight Comex contracts between the brokerage and its client Jason Fane of Ithaca, New York, the unit of London-based HSBC said in a court filing yesterday. Both parties have asserted claims to the bars, creating difficulties for HSBC, which is storing them, the bank said. HSBC asked a judge to decide who the rightful owner is.

“HSBC has received conflicting instructions regarding ownership and disposition of the property,” it said. “Accordingly, HSBC is exposed to multiple liabilities with respect to the disposition of the properties.” The unit is HSBC Bank USA National Association.

Bullion is selling for about $1,717 an ounce on the Comex in New York, up about 21 percent this year, as investors bought the metal to protect their wealth from Europe’s escalating debt crisis, and reached a record $1,923.70 in September. Treasuries returned 9.3 percent, a Bank of America Corp. index shows.

Wat al langer gesuggereerd werd door leden van dit en het oude forum.... Het enige wat je kan doen koop fysiek en zorg zelf voor de bewaring ervan. Zij het in een kluis of in ergens in je tuin begraven... Laat niemand anders dan uzelf uw goud bewaren Amen to that

Probably the core primary consequence of this discovery, which obviously has a factual basis, or else it would not lead to an actual lawsuit between two "reputable" firms (aka ponzi participants), is whether gold in the GLD warehouse, supervised by HSBC, is truly theirs, or has it all been hypothecated from some other broker who never really had the asset or the liquidity, and so on in what effectively can be an infinite chain of repledging one asset to countless counterparties.

So in other words, is this the eureka moment when everyone realizes that any gold, be it paper or physical, is either a irrelevant electronic binary claim held in some semiconductor, or at best an asset in some vault, that the brokerage next door suddenly also has claims over?
The end result is that the biggest loser is Joe Sixpack who bought the gold, and decided to keep it in a bank warehouse for "safekeeping" only to realize said gold will never be seen or heard of again.
I think on Monday we will have a "bank run" on GLD as everybody vacates this fraudulent vehicle for safer funds like Sprott and Central Fund of Canada.
I know that many of you are questioning how on earth the gold and silver are settling at the comex without any metal arriving at the dealer's doorsteps. I have been writing the CFTC and the SEC for quite some time explaining that the only way that I see settling occurring was through the GLD and SLV paper and that multiple owners have claims on the same asset. The holders of gold and silver at registered comex vaults may have only unsecured paper claims on that same bar of gold that HSBC claims is theirs as well as the trustee of bankruptcy James Giddens and Mr Fane and.....

[Obi-Wan]

JP Morgan Crashed MF Global to Avert COMEX Failure, European Derivatives Implosion

We had a COMEX system failure in November. COMEX was ready to default on gold and silver in November. Rather than honor delivery demands in gold and silver- JP Morgan simply stole the money in the accounts that were going to stand for delivery. They had their pockets picked while they were standing in line at the delivery window. Notices of delivery were replaced at stolen accounts!

I think MF Global was set up to fail a long time ago to go down in flames- to steal clients' accounts when the inevitable finally happens. We were on the verge of the sovereign debt in Europe imploding. We saw a near event of an implosion in some of these sovereign bonds markets.

Link silverbearcafe

[wimilio]

Beste Indiana, 6100 % op 75 jaar is geen 80% per jaar hoor.

Je vergeet de samengestelde interest. Je mag 6100 niet delen door 75 maar wel :

61 tot de macht (1/75), en dan kom je aan 5.6% per jaar.

5.6% per jaar komt quasi overeen met de 'volkswijsheid' 'Geld halveert in waarde iedere 12 jaar' ...