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Post by concrete on Sept 8, 2011 22:53:49 GMT 10
www.bbc.co.uk/news/world-africa-1483192529 tonnes. Hmm... Thats a lot of gold. Now the question is. Was it physical gold, or, was it paper gold? The other question is. If they know that it was 'sold' they should also know the buyers (that list should be interesting). Glad I haven't invested in gold. Coz that would make me a war criminal. You know, funding a government that nato doesn't like. Well, it would if I was a private investor.
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Post by brillbilly on Sept 9, 2011 1:01:37 GMT 10
Ummm intresting crete! I just found this The Bank of England, Gold and Libya Published on August 25, 2011 As an investor in bullion, there’s something you should know about this Libya business. You’re not going to hear about it on the BBC and in my opinion, it is being held from you on purpose. It is something you should know and you can see its immediate effect in the price of gold. Since the close of play on the 8th of August ‘til the am fix today ( 25th August, 2011), gold has risen from £1035.601 per troy ounce to an all time high of £1139.55 and back down to £1049.59. This is an upwards shift of 10% and then downwards by virtually the same – that’s a lot of movement for 13 trading days! So you have to ask “why did this happen and how does it affect me?” because your money is in this deal and it is your responsibility to know. That’s why. Obama, Cameron et al are now busy capitalising on these events, acting as if they led the invasion personally. Some of us have a different idea in that the invasion of Libya is yet another act of war which permits the pillage of asset rich (oil, mainly) countries that can hardly defend themselves. The next likely target is Syria because their oil fields are huge – 25.1% of their GDP is derived from oil. And yes, we are now at war with Libya – British planes have dropped bombs and the boots of UK troops are on their soil. We. Invaded. Them. But how do we pay for such a war? We are already at war with Iraq, Afghanistan and now Libya and the common link is not oil but gold. The financial backers of NATO will now share out the plunder – all 144 tons of Gold Bullion that has been removed from Libya. I’ll do the maths for you – 144 metric tons is 4629707.476 troy ounces and at todays fix price of £1049.59 per troy ounce, that’s roughly £4,859,294,669 and 74p. Stolen by us, from them. Now I’m not over cynical but I am suspicious by nature. If that amount of gold were to be added to the reserve of the world banking system, then by the current fractional reserve banking policy, it would allow a huge amount of cash to be released into the world’s economies. The US employs a policy of FRB at 10:1 so you figure it out. It goes from Billions of pounds to Trillions. And it would all be outside the world of Quantative Easing! And did you know that the Bank of England has no requirement for such a reserve? Think about it – we have no reserve policy, just fiat money. This is from Wikipedia: United Kingdom The Bank of England holds to a voluntary reserve ratio system, with no minimum reserve requirement set. In theory this means that banks could retain zero reserves, effectively allowing an infinite amount of credit money creation. However, the average cash reserve ratio across the entire United Kingdom banking system is higher, with a 3.1% average as of 1998. So all in all, it’s nothing short of robbery. Daylight Robbery sounds more exact. Piracy may be a more accurate description because when there are troops on the ground and the media are banding around phrases like ‘regime change’, ‘massacre’ and ‘torture’, then you know that something is not quite right. Where is it all going to go? Follow the money... What’s next? My guess is not Syria but Venezuela because President Hugo Chavez has just declared the nationalisation of their precious metals production and has requested that the countries gold reserves are returned to its sovereign territory. Can you guess where their gold is currently held? That’s right, the Bank of England... www.bullion-dealer.co.uk/index.php/blog/the-bank-of-england-gold-and-libya/
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