As opposed to “SECRET Gold”
Revealing the hidden manipulations of governmental and financial institutions leads us to the GOLD.
.
Loaning and Insuring GOLD…
Derivatives, Leveraging, and Monetizing GOLD…
Accounting, Shipping, and warehousing physical GOLD…
Wars and global domination cost a lot of GOLD and there lies the secrets…
http://www.gata.org/node/11961
Austrian Press Agency cites GATA in report on possible audit of Austria’s gold
Submitted by cpowell on Mon, 2012-11-26 17:45. Section: Daily Dispatches
12:43p ET Monday, November 26, 2012
Dear Friend of GATA and Gold:
The Austrian Press Agency today cited GATA at length in its follow-up story about the status of the Austrian central bank’s gold and the possibility of an audit. The story has been published by the Austrian national newspaper Die Presse in Vienna —
http://diepresse.com/home/wirtschaft/boerse/1316941/GATA_Goldinventur-de…
— and as well as by other Austrian news organizations:
http://www.format.at/articles/1248/938/347245/es-teile-goldreserven
http://www.news.at/a/scheitert-goldinventur-von-oenb-gold
A translation of the APA story by our friend the German freelance journalist Lars Schall is appended.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Auditors Could Fail in Taking Reliable Inventory of Austrian Gold
The U.S.-based organization Gold Anti-Trust Action Committee alleges that Western central banks have manipulated the price of gold for decades.
By Austrian Press Agency
via Die Presse, Vienna
Monday, November 26, 2012
http://diepresse.com/home/wirtschaft/boerse/1316941/GATA_Goldinventur-de…
The Oesterreichische Nationalbank (OeNB) last week revealed a lot about the 280 tons of gold held by the Republic of Austria, but to which part of it they really have access is hard to identify, according to a U.S. organization that has been working for 15 years on the international gold market.
“In order to know that, the bank would have to disclose not only how much it has lent out up to date, but also whether the gold is held in allocated or unallocated accounts,” Chris Powell of the Gold Anti-Trust Action Committee (GATA) told APA over the weekend.
_______________________________________________________________
http://chasvoice.blogspot.com/2012/11/the-us-organization-gold-anti-trust.html
Action Committee” doubts that the Austrian gold reserves can be tested reliably
Can be allocated to gold means that the bars accurately weighed and Seriennnummern provided the owner can be attributed directly and have to be followed upon request. Not definable gold is merely a claim against the institution in stock. In this case, the OeNB had neither the right, nor would there be bars get back a list that could be used for an inventory of the physical assets.
“Examination virtually impossible”
“As a consequence could arise that it is virtually impossible to consider large portions of the gold reserves reliably,” says GATA Secretary Powell.
The Austrian Court had announced in the coming year by lighting the National Bank and its foreign exchange reserves, has been left open, however, if the first time also includes the physical gold holdings. The OeNB was forced to admit last week in Parliament that 80 percent of the gold in London are and explains that they have in the past decade, earned 300 million euros with Goldleihegeschäften. After an expert had commented, this suggests wonder that a large part was given, leaked the bank that currently only 16 percent of the stocks concerned. One explanation for the relatively high income from gold lending they did not deliver.
__________________________________________________
Max Keiser: Global political issue of owning gold and silver
“…plans by Germany to force European nations to use their gold reserves as collateral.”
.
We can expect the current manipulated and inflated bubble (derivatives, shadow banking, bonds, sovereign debt and below zero interest rates) to burst and a massive wave of defaults and bankruptcies to follow; allowing yet more looting for the central bankers as they grab real assets on the cheap and customers left out in the cold with another broken promise to pay them or return their assets.
“Future Generations Have To Deal With The Financial Carnage”
During the off-hours on Sunday, when few people were willing to ruin whatever remained of their weekend and when even astute observers weren’t supposed to pay attention, the National Association of Insurance Commissioners approved new rules that would allow life insurance companies to lower their reserves for future claims—at the worst possible time—having already forgotten all about the financial crisis.”
Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz
Ronmamita's Blog 
Is a global financial boycott coming?
Stop supporting the financial terrorists.
SAMI DON’T PAY!
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9700596/Restaurant-boss-starts-pay-revolt-on-bank-swaps.html
“Sami Wasif, the co-founder of Michelin-starred Chinese restaurant Hakkasan, said he has already missed one payment of nearly £4,000 on an interest rate swap and would not be making any further payments to RBS as a matter of “principle”.
“I feel very strongly about this. I trusted the bank to charge me fairly and I don’t know what I’m paying for,” said Mr Wasif, who says he has already paid nearly £200,000 to RBS for an interest rate hedge he claims he never wanted.
Mr Wasif wrote to RBS last month to tell them he was no longer prepared to pay for the swap, but said he has yet to receive a reply from the lender despite sending a follow-up email to explain the action he was taking.
A spokesman for RBS said: “Customers are reminded of their contractual obligations with the bank. If any customer has concerns over payments they should talk to us and we will deal with them on a case by case basis.”
Barclays and HBSC have begun allowing some small-business customers to suspend their swap payments ahead of their cases being reviewed as part of an independent compensation scheme for victims of mis-sold interest rate derivatives.”
_________________________________________________________________________________
.
http://www.telegraph.co.uk/finance/rate-swap-scandal/9631784/Banks-ordered-to-pay-compensation-to-swap-mis-selling-victims.html
“Banks ordered to pay compensation to swap mis-selling victims
Banks face a raft of new claims over interest rate swap mis-selling after the Financial Ombudsman Service overturned two of its earlier verdicts and ordered lenders to pay compensation to victims.”
_________________________________________________________________________________
http://www.testosteronepit.com/home/2012/11/19/sacrificing-the-will-of-the-people-on-the-altar-of-the-euro.html
” Sacrificing The Will Of The People On The Altar of The Euro
Monday, November 19, 2012 at 4:01PM
The Eurozone debt crisis is exacting its toll. Convoluted undemocratic taxpayer-funded bailouts of bondholders and banks designed to keep the Eurozone together can’t kick the can down the road far enough. But the price has been huge, and people have expressed their anger in massive protests. Now, these efforts are also tearing up the fabric of the 27-member European Union: the first one out may be the UK.
If offered a referendum, 56% of the British would vote for a UK exit from the EU (with 34% definitely and 22% probably). Only 30% would vote to keep the UK in the EU. It wouldn’t even be close! It would be a landslide. Thus, if it came to a referendum today, the UK, a cornerstone of the EU, would bail out.”
LikeLike
http://www.reuters.com/article/2012/12/05/korea-economy-reserves-idUSL4N09F03Z20121205
South Korea central bank bought 14 tonnes of gold in Nov!
by Christine Kim, http://www.reuters.com/ , 5 Dec 2012
Bank of Korea increases gold reserves to 84.4 tonnes
* Gold holdings at 1.2 pct of total foreign reserves, up from 0.9 pct
–
South Korea’s central bank said on Wednesday it bought 14 tonnes of gold in November using its foreign reserves in order to spread its portfolio risks, while
releasing data showing total reserves rose after talk of market intervention.
–
The Bank of Korea bought the gold for $780 million, the fourth purchase in about one-and-a-half years and lifting the proportion of gold in its total foreign reserves to 1.2 percent from the previous 0.9 percent, it said in a statement.
–
“Gold is a physical, safe asset and allows (the country) to deal with changes in the international financial environment more effectively,” it said in a statement, without providing more details on the purchase.
–
The Bank of Korea now holds 84.4 tonnes of gold, valued at $3.76 billion in terms of purchase prices, up nearly six-fold from 14.4 tonnes before June last year. The Bank of Korea made its first gold purchase in more than a decade between June and July last year, joining some central banks in diversifying their increasing foreign reserves away from the U.S. dollar and low-yielding government bonds.
–
Official sector buying has become a key factor supporting gold demand and prices in recent years.
–
“It (South Korea’s gold buying) points to stronger support for gold prices from central banks,” said Philip Klapwijk, global head of metals analytics at Thomson Reuters GFMS, a metals consultancy.
–
read more!
http://www.reuters.com/article/2012/12/05/korea-economy-reserves-idUSL4N09F03Z20121205
LikeLike
everything is very open and very clear explanation of issues. it contains truly information. your website is very useful. thanks for sharing. looking forward to more! lista de email lista de email lista de email lista de email lista de email
LikeLike
[…] https://ronmamita.wordpress.com/2012/12/04/gold-secret/ […]
LikeLike