Commodities Firm Gunvor Group Ltd. Has Stopped Trading Gold!

Posted on December 18, 2014 by RonMamita — 4 Comments

Fractional Reserve Banking = FRAUD!
What I gather from Bloomberg ‘s report is:
2 major gold trading corporations have stopped trading gold, and that is BIG NEWS!

“Gunvor’s exit from physical precious metals trading follows that of Deutsche Bank AG, which announced its departure last month.”

I also think the financial centers were interesting locations:

“At least two traders are leaving the company in Geneva and Singapore, “…

And perhaps most telling is this statement:

“Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said. Gunvor’s announcement earlier this year that it would begin physically trading precious metals was unusual as neither Glencore Plc (GLEN), the biggest metals trader, nor Trafigura Beheer BV, the second largest, trade physical gold.”

Perhaps the Ponzi scheme is nearing a collapse…
Please read the Bloomberg report. ~Ron
.

Commodities Firm Gunvor Said to Exit Gold Trading After Year

Gunvor Group Ltd. is giving up trading physical precious metals less than a year after the commodity house started a business dedicated to buying and selling gold.
At least two traders are leaving the company in Geneva and Singapore, according to people with knowledge of the matter, declining to be identified as the decision isn’t public. Seth Pietras, the firm’s spokesman in the Swiss city, declined to comment by phone and e-mail today. […]

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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

Tagged with: abuse, bank holiday, bank run, banking crisis, billionaire, bullion bank, Central Bank Rigging, commodities market, crime story, crisis, Deutsche, Deutsche Bank AG, Deutsche Bundesbank, equity, everything is rigged, financial terrorism, fractional reserve banking, fraud, GATA, Geneva, Gennady Timchenko, gold, gold anti-trust action committee, gold bullion, gold run, Gunvor, Gunvor Group Ltd, institutional investor, invest, investment, investor, London gold fix, lost treasure, lost trust, lost truth, money, ponzi economy, ponzi scheme, precious metals, rehypothecation, rigged markets, rigged system, Singapore, Swedish, Switzerland, Torbjorn Tornqvist, trade, wealth, wealth transfer, where's my money
Posted in Freedom-Expressed

4 comments on “Commodities Firm Gunvor Group Ltd. Has Stopped Trading Gold!”

RonMamita says:

December 18, 2014 at 12:15 pm

Posted 18 Dec 2014
See:

Commodity Trading Giant Exits Physical Gold Due To “Lack Of Physical With A Documented Origin”

http://www.zerohedge.com/news/2014-12-16/commodity-trading-giant-exits-physical-gold-due-lack-physical-documented-origin
Posted 12/16/2014
[…] “the Geneva-based company rarely appeared in the media which is how the nondescript company liked it. Until last week, that is, when Bloomberg reported that the company was giving up trading physical precious metals, real gold, less than a year after the commodity house started a business dedicated to buying and selling gold. Gunvor is, or rather was, one of the few large commodity firms that handles precious metals. The move into gold was part of an expansion into non-oil businesses that now include iron ore, industrial metals and natural gas. Gold trading was done by a handful of people in Singapore and Geneva.” […]
But the biggest surprise in this story was the reason why Gunvor chose to discontinues its gold trading. Per Bloomberg, “executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said.” […]
“Because if the world’s fifth largest trader of commodities has chosen to outright not trade gold, and thus not generate value for its shareholders over risks and fears that another, or two, or three, or a countless number of other prior “owners” may come knocking one day and demanding delivery of gold whose origin could not be documented by its trading intermediaries, and whose ownership link Gunvor is unable to trace, then just what on earth is really going on with the world’s physical gold inventory (here’s looking at you, Chinese gold-backed Commodity Funding Deals), and just what is the catalyst that will unleash what is essentially the infamous US mortgage robosigning scandal onto the gold arena, at which point owners of gold realize the gold they thought they owned, even if held safely in a deposit box deep in a gold vault in a safe offshore location, in reality “belongs” to someone else?” -zero hedge

Large Trading Company: No longer trading gold – Can’t determine ownership
Posted Dec 18, 2014

Interview between GATA’s Chris Powell and James Turk

video was originally posted on Feb 21, 2011
James Turk, Director of the GoldMoney Foundation and founder of GoldMoney, interviews GATA’s Secretary/Treasurer Chris Powell. The 34-minutes interview, recently shot in London, offers deep insights into the workings of the gold market. Chris discloses in detail all of the different actions that GATA is currently taking. The gold price suppression scheme is being explained from A to Z. This video is a must-watch for anyone with a clear interest in gold and free monetary markets.

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Spartan of Truth says:

December 18, 2014 at 4:56 pm

Reblogged this on Spartan of Truth.

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RonMamita says:

December 23, 2014 at 11:29 am

Chris Powell: Central Banks Secretly Rigging all Futures Prices

Greg Hunter’s USAWatchdog.com (Early Sunday Release) Chris Powell, Secretary/Treasurer of the Gold Anti-Trust Action Committee (GATA), says recent bombshell evidence shows intense central bank “interventions” at the CME Group, which handles $1 quadrillion ($1,000 trillion) worth of business annually. Powell explains, “The greatest documentation that’s come out recently has been filings by the CME Group which operates the major futures exchange in the United States. They filed a letter with the U.S. Commodity Futures Trading Commission (CFTC) . . . showing that central banks are receiving special volume discounts for trading futures on all the major futures exchanges, not just financial futures contracts and metals futures contracts, but even agricultural futures contracts. The CME Group’s most recent 10-K filing with the U.S. Securities and Exchange Commission (SEC) lists its customers. Included in that list are governments and central banks. This is really a sensational development. Nobody can trade against central banks, they create infinite money. If central banks are secretly trading in the futures markets, there are no markets. The CME Group defended this as a matter of adding liquidity to the futures markets, but it’s liquidity in the sense of the Atlantic Ocean.”

Powell goes on to say, “Again, central banks create infinite liquidity. Nobody can trade against them. That means central banks are controlling all futures prices in the United States. Remarkably, this cannot be reported in the financial news media. GATA has sent these documents to many news organizations around the world, and it simply cannot be talked about. No major financial news organization dares to ask CME Group or any central bank ‘what about this secret trading with volume discounts by central banks in all the major U.S. futures markets?’ It simply cannot be discussed. The documents don’t prove that any particular central bank is trading any particular futures contract on any given day, but they do show the central banks are trading secretly in all U.S. futures markets. That means our market economy has been destroyed. It really means our democracy has been destroyed because they don’t tell us what they are doing. This is a real failure of financial journalism. In fact, I argue that the greatest asset of central banks is not their power of infinite money creation right now, it is their power to control financial journalism.”

On the recent announcement by CME to enforce so-called trading collars on COMEX, Powell says, “Trading collars are not new in the futures markets. They just happen to be new in the gold and silver futures markets on the COMEX. The plan, as CME Group has explained it, is to close the gold futures market and the silver futures market for five minutes if there is a variation of $100 in gold and $3 in silver from the previous day’s close. The timing of this is very interesting. It is raising suspicions that something is up. . . . We have to ask ‘why now’ in gold and silver? Is there some special strain in the market that we don’t know about? If we had financial journalism on planet Earth, somebody would call CME group and ask not only about the central bank discount trading program, but also about the timing of this restrain time on the gold and silver markets, but nobody does that.”

So, what does this mean for the price of gold and silver? Powell contends, “GATA wants free and transparent markets and limited and accountable government, at least, in the western world. We are not a gold standard organization. We are not arguing that gold and silver prices ought to be anywhere in particular, but the logic of our research is that there is a vast un-coverable short position in the monetary metals, a fractional gold and silver backing system that essentially is being underwritten secretly by central banks, and the logic of that research is the free market price of the monetary metals is multiples of where they are now.” Join Greg Hunter as he goes One-on-One with Chris Powell of the Gold Anti-Trust Action Committee (GATA).
http://usawatchdog.com/central-banks-secretly-controlling-all-futures-prices-chris-powell/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter%E2%80%99s+USAWatchdog%29

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RonMamita says:

December 30, 2014 at 1:33 pm

Gold Poker Game

Posted 19 Dec 2014

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