Kitco Charged With Massive Tax Fraud Scheme, Business Viability In Question

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Fri, 06/10/2011 - 09:40 | 1357575 bigdumbnugly
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he he he

Fri, 06/10/2011 - 09:58 | 1357650 Clueless Economist
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Jon Nadler...isn't that the fat liberal congressman from New York City?

He is another Weiner, just not as arrogant and vile.

Fri, 06/10/2011 - 10:00 | 1357677 AnarchoCapitalist
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I have had many email exchanges with Nadler. Trust me, he is very arrogant and also an idiot.

Fri, 06/10/2011 - 11:56 | 1358129 chumbawamba
chumbawamba's picture

But where will we get our current gold and silver price charts if goes away?

Damn, I hate when they do this to us.

I am Chumbawamba.

Fri, 06/10/2011 - 12:08 | 1358169 tmosley
tmosley's picture is good.

What I am wondering is where will we be able to get historical prices?  I've used those to out trolls before.  Not having access to them will make future troll hunts (for certain types of trolls) harder.

Fri, 06/10/2011 - 12:15 | 1358200 DoChenRollingBearing
DoChenRollingBearing's picture

tmosley, you are an expert (and bull) on silver, no?

I really, really need an expert to write "The Case for Silver" at my blog.  NOT as a strawman article, but to prepare the ground for a gold vs. silver article.  Hey, I want to learn!

Fri, 06/10/2011 - 14:04 | 1358537 mrgneiss
mrgneiss's picture

Is this Kitco crisis a possible domino?  I mean, they have a huge pool of unallocated gold and silver, isn't there going to be a run on that with this news, and a run on their allocated stores as well?  Have they leased or leased out huge amounts of precious metals to and/or from other bullion banks?  Will investor's be clamouring to get their physical out of Kitco, and as Avery Goodman said, if the fractional precious metals system is levered 100:1 paper to physical, for every one ounce of physical that is withdrawn, how many paper ounces does that affect?

Sat, 06/11/2011 - 22:18 | 1362186 jeff montanye
jeff montanye's picture

you bring up a superbly salient point.  i am inclined to agree with you though i bring precious little pm experience to the table.  however i am liking our chances just a little bit better for the actions of the quebecois. 

Sat, 06/11/2011 - 22:21 | 1362187 jeff montanye
jeff montanye's picture

but who should ron paul's vice president be?  to avoid president boehner. 

Fri, 06/10/2011 - 12:16 | 1358191 DoChenRollingBearing
DoChenRollingBearing's picture is the source of the gold, platinum and silver charts at my blog.

My local coin dealer uses to price his gold coins when I go to buy.

Fri, 06/10/2011 - 12:56 | 1358338 glenlloyd
glenlloyd's picture and there's always for charts also

I wonder whether there's any truth to the allegations..

Fri, 06/10/2011 - 14:22 | 1358601 akak
akak's picture

I have had many email exchanges with Nadler. Trust me, he is very arrogant and also an idiot.

I have had several quite lengthy email exchanges with the vile and malevolent Jon Nadler as well (portions of one of which can be read here:, and while it is tempting to dismiss him as a raving idiot, I do not in fact believe that he is --- he chooses his words and consistent, persistent anti-gold/pro-bankster words and tack precisely.  His innumerable disingenuous arguments, outright lies and general poormouthing against gold (and silver), and his implicit support of the bankster elite and the financial and monetary status-quo, speak much less of idiocy, and much more to the peddling of a purposeful pro-Establishment ideological agenda. 

Nadler's arrogance and inability to honestly debate and confront the truth about gold, much less his refusal to even acknowledge the ten-year bull market in the precious metals (and not to mention his frequent malicious and hysterical attacks on the advocates of gold as "Radical Goldbug Extremists" --- but never, ever any bad words for the vastly larger number of "Radical Equities Extremists" or all the "Radical Bond Extremists"), make his position as the official spokesman of a prominent precious metals dealer all the more inexplicable and suspicious, as well as infuriating and galling.  It was with great probity, and propiety, that Peter Grandich labeled Jon Nadler "The Tokyo Rose of Gold".

Fri, 06/10/2011 - 17:13 | 1359537 Botox4U2
Botox4U2's picture

Same here. I got so fed up with his anti-gold and silver commentaries that I refuse to read his crap. Because of him and him alone I hope Kitco closes down. I've alwas suspected them of being crooks.  ARROGANT + KITCO + ARROGANT

Fri, 06/10/2011 - 10:09 | 1357696 bigdumbnugly
bigdumbnugly's picture

uh, that would be jerry nadler, ce.

Fri, 06/10/2011 - 10:24 | 1357757 goldfreak
goldfreak's picture


Fri, 06/10/2011 - 10:26 | 1357770 JonNadler
JonNadler's picture

Do they know who they're messing with? HA? Am the Great Jon Nadler, do they know who my friends are? Friends.... Jamie you're still my friend aren't you? You will pay for my defense won't you? Oh I couldn't bear it in prison with all those rough, smelly characters


Oh my, oh my am screwed and for tax fraud! All these years of engaging in all kinds of underhanded business dealings and they get me on taxes!! I won't be another AL Capone!!

I know where the bones are burried I will tell all, I know where Blythe's files are hidden !!!

Nobody can touch me

am untouchable! am great! am bawaaaaaahhhhhh! am screwed


DOChen will you at least visit me in prison?

Fri, 06/10/2011 - 10:40 | 1357812 Canucklehead
Canucklehead's picture

If you know where the bones are buried, you can have breakfast or lunch with Leo.  He will make you sound like the most loveable rascal this side of Huck Finn, or is it Mickey Finn?

Fri, 06/10/2011 - 11:31 | 1358036 Gordon Freeman
Gordon Freeman's picture

Now, that is funny!  "lunch with Leo"--excellent!

Leo Kolivakis: the toady's toady

Fri, 06/10/2011 - 11:08 | 1357931 Bay of Pigs
Bay of Pigs's picture


I tried to reach out to you years ago....but you're on your own now.

The Swiss Bandit is going down.

It couldn't happen to a more deserving person.


Fri, 06/10/2011 - 12:02 | 1358146 JonNadler
JonNadler's picture

oh man, I should have listened to you and DoChen, you tried to warn me but NOOOOOO, I had to be seduced by the glamour at Jamie's house


oh ohh woe is me!

lunch with Leo? you mean lunch alone by myself?..... who do you think Leo is you shmuck

Fri, 06/10/2011 - 12:24 | 1358233 DoChenRollingBearing
DoChenRollingBearing's picture

Glamour at Jamie's house is completely different than tax problems in Canada.

Well, if you do spend time in the pokey, at least you will have the memories...

So, tell us JonNadler tell us true, did you hit Blythe or just the usual Ukrainian hookers out there at Jamie's while drinking his Lafite Rothschild?

Sat, 06/11/2011 - 14:29 | 1361410 akak
akak's picture

lunch with Leo? you mean lunch alone by myself?..... who do you think Leo is you shmuck?

Hmm ... Leo and Jon Nadler do both reside in Montreal ... curiouser and curiouser ....

Fri, 06/10/2011 - 12:18 | 1358214 DoChenRollingBearing
DoChenRollingBearing's picture

Damn right JonNadler!

Hey you should send me a gmail at my name if you want to check out my blog.

I regret that I had to use 24hgold's charts at my blog.  Sorry.


Yeah, you should blackmail Blythe!  Hell yeah!  Have to fight dirty to stay out of jail!


Fri, 06/10/2011 - 13:05 | 1358379 SlipStitchPass
SlipStitchPass's picture

 Just called and pulled my pool account. Heres to hoping that check does not bounce. Fucking Nadlers

Fri, 06/10/2011 - 09:37 | 1357578 Poor Grogman
Poor Grogman's picture

never could comprehend what nadler was on about

Fri, 06/10/2011 - 09:50 | 1357622 Arius
Arius's picture

what is next...dennis gartman of the famous TGL get hit by a stone walking by CNBS parking lot...

Fri, 06/10/2011 - 10:50 | 1357857 Manthong
Manthong's picture

Hmmm.. so what's this going to do to the price of rhodium?

Sun, 06/12/2011 - 10:27 | 1362899 Roger O. Thornhill
Roger O. Thornhill's picture

Nadler... I have never seen someone so wrong, for so long, as Jon Nadler.

If you listened to him, you missed the boat, long, long ago. Shill, useful idiot, or reverse barometer - it is anyones guess. Somehow I think the problem with him is that he was in gold in the heady days when equities saw better returns than metals and still sees gold only as something used in india during india's wedding season - for jewelry - and he can't understand gold as money at all. He doesn't understand gold's utility as a store of wealth, hence his retarded ramblings.

Regardless, personally, I can't stand him, and his ever annoying, cutesy headlines. Just nausea inducing. Needless to say, Nadler's only real utility is to make people's blood boil.

Sun, 06/12/2011 - 16:24 | 1363436 Roger O. Thornhill
Roger O. Thornhill's picture

Had to add this - Nadler shilling for rhodium. Ha!

YouTube - KITCO's Jon Nadler Wrong On Rhodium?


Sun, 06/12/2011 - 16:39 | 1363450 akak
akak's picture

Jon Nadler is evil incarnate.

Fri, 06/10/2011 - 09:38 | 1357583 Cleanclog
Cleanclog's picture

Honesty is, honestly, gone.

Fri, 06/10/2011 - 09:38 | 1357588 the not so migh...
the not so mighty maximiza's picture

Always gotta pay the Gmans protection money.

Fri, 06/10/2011 - 09:54 | 1357590 hedgeless_horseman
hedgeless_horseman's picture

The company said it has asked Superior Court of Québec to appoint an interim receiver...

A huge fucking mistake!

Mark my words.  Once the receiver is in it is all over except the wake and burial.


Receivership: One of the ugliest rackets.

Judge      ---$--->    Receiver  (receivership appointments)

Receiver  ---$--->     Lawyer   (company must pay for receiver's lawyer)

Lawyer     ---$--->   Judge      (campaign contributions / mediation$)


Rinse and repeat until the company is out of assets... 

...but there is always another company.

Seen it a million times.  Makes me sick, the looting bastards.

Fri, 06/10/2011 - 09:56 | 1357656 Imminent Crucible
Imminent Crucible's picture

Well, it couldn't happen to a nicer bunch of grifters.

Fri, 06/10/2011 - 10:29 | 1357782 Boxed Merlot
Boxed Merlot's picture

One of the most succinct descriptions of the daily life of the "smartest guys in the room".

I think termites might be the next most effecient creature found in nature capable of devouring widow's houses. 



Fri, 06/10/2011 - 11:20 | 1357981 Problem Is
Problem Is's picture

A retrospective homage to termites... nice...

Fri, 06/10/2011 - 11:19 | 1357975 Bastiat
Bastiat's picture

Well I suppose they are trying to keep the tax nazis from seizing the assets and killing them without due process.

Fri, 06/10/2011 - 11:59 | 1358138 OutLookingIn
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Wrong. Maybe in the U.S. where judiciary positions are political. In Canada judgeships are judicial appointments. No connection between the judiciary and the political arms of government.

Now for the AG's of the states and the very much conflicted judiciary to get off their butts and start indicting and prosecuting with incarceration. Fat chance of that happening! Kitco will just go south of the border and set up shop with the rest of the thieves! 

Fri, 06/10/2011 - 12:12 | 1358176 hedgeless_horseman
hedgeless_horseman's picture

NEWSFLASH:  Canada is not corruption free.

Politics has little to do with it.  There is definitely a FINANCIAL connection between the judiciary (lawyers temporarily in robes) and the lawyers representing the receivers. 


Fri, 06/10/2011 - 20:02 | 1360126 Diogenes
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Don't confuse Quebec with Canada.Quebec law is based on pre Napoleonic French law and Quebec politics is more corrupt than Arkansas.

Sat, 06/11/2011 - 01:32 | 1360685 GeoffreyT
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I call bullshit. Candidates are put forward by an advisory committee comprised of current jurists, but the actual appointment is done by the GG (a political appointee) who follows the advice of the Cabinet.


So while judges are not ELECTED, their appointment is sure-as-balls POLITICAL.  

It's the same everywhere - the political class requires 'safe hands' in the stupid robe-wearing geriatrics that provide the theatrical set-piece that gve a false gloss to the State's codification of its use of force and  fraud.

Sat, 06/11/2011 - 01:46 | 1360715 akak
akak's picture

It's the same everywhere - the political class requires 'safe hands' in the stupid robe-wearing geriatrics that provide the theatrical set-piece that gve a false gloss to the State's codification of its use of force and  fraud.

The black poetry of the damned.

Fri, 06/10/2011 - 09:44 | 1357610 sudzee
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Fri, 06/10/2011 - 09:49 | 1357613 Atchman
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Yep, Nadler delivered lashings and lashings of empty rhetoric on a daily basis.

Fri, 06/10/2011 - 09:49 | 1357614 camoes
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I love their BB app...

Fri, 06/10/2011 - 09:58 | 1357619 Michael Victory
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always liked their forums, though i felt as if they were monitored by big bro.


Fri, 06/10/2011 - 10:05 | 1357682 Alienated Serf
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EVERYTHING is monitored by big bro.


Fri, 06/10/2011 - 10:13 | 1357710 hedgeless_horseman
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It is for your own protection. 

Your compliance is acceptable as gratitude.

Fri, 06/10/2011 - 10:27 | 1357772 Esso
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"EVERYTHING is monitored by big bro."


Only the stuff that occurs in the spectrum between DC and light.

Fri, 06/10/2011 - 10:35 | 1357794 Michael Victory
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tru dat.

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