“Accounted for”. Big asterisk. “We know who we sold it to, which banks have how much out in leveraged loans, and how much is not available for general use because it’s earmarked to back up failing ETF’s and so on. But we won’t reveal that. We’ll just show you some gold bars sitting in the vault and that will be good enough for you.”
I wonder how many times the ounces now being imported to COMEX for ‘The Big Show’ at Fort Knox have been rehypothecated?
Of COURSE all the gold will show up for The Big Show. The real fun will begin when somebody tries to track where it all goes back to, or on to, after the show is over.
There have been gold bars that are plated with another metal on the inside. You will literally have to drill through the middle of them to see if it's all gold
“Accounted for”. Big asterisk. “We know who we sold it to, which banks have how much out in leveraged loans, and how much is not available for general use because it’s earmarked to back up failing ETF’s and so on. But we won’t reveal that. We’ll just show you some gold bars sitting in the vault and that will be good enough for you.”
I wonder how many times the ounces now being imported to COMEX for ‘The Big Show’ at Fort Knox have been rehypothecated?
Of COURSE all the gold will show up for The Big Show. The real fun will begin when somebody tries to track where it all goes back to, or on to, after the show is over.
There isn't any GOLD in Fort Knox. It's all been moved to an unsecured location!!!
However the show must go on. Move some gold from London for a photo opp and tell everyone that everything is just fine. It's all there. RIGHT
What a great job Musk & Trump are doing.
All smoke and mirrors, deception and illusion.
Asset stripping the wealth of the nation.
sounds as if don old is getting ready to steal an empty fort.
There have been gold bars that are plated with another metal on the inside. You will literally have to drill through the middle of them to see if it's all gold
This could be the best thing since the Geraldo and Al Capone’s safe affair. I might have to watch Bond’s “Goldfinger” again just to get ready.