- advertisements -
Basketball poles? Theres more important stuff to look out for...
Turk interviews Embry on Gold and the Silver correction.
looking for recommendations on where to buy gold bullion stored in allocated accounts inside and outside of US
Ever heard of Midnight Gardening?
I've heard that the Canadian seeds grow faster than the American or South African varieties. Any truth to that rumor?
plant all three.
looking for somewhere mainly outside US that is in a very secure location, thinking singapore, or switzerland
it would be more than I would feel comfortable with burying in my yard
Jim Rogers and Marc Faber both like Singapore I believe.
SGOL - Swiss vaults.
The Swiss are whores, they will sell you put to the IRS in a nanno second.
NO institution on this planet is as safe as you holding your own.
The tentacles of the Feds is worldwide.
rent a safe-deposit box with a small regional bank in Switzerland, something like Sparkasse or Kantonalbank. Stay away from the big banks in big towns. Singapore is a good diversification as well.
Coming soon in MSM near you:
Soros bullish on US bonds!
Thanks to J.W. this month for showing us what Soros actually is, a whore for the cabal.
My guess is Soros is now SHORT gold...
According to the 13F, he was out on 3/31 - but was rumored to be selling two weeks ago.
Zero Position on 3/31 + Additional selling in May = Short position.
Buy puts. Only 20 implied vol.... they don't get much cheaper than that.
He sold shares in the gold scam gld, but increased his position in gold mining stock.He could have also taken delivery of physical when he got out of gld. Big difference from shorting gold. Media scum bags know when to pull out news, put a spin on it to fuck with people's heads. Shit sounds like the bin Laden BS as well.
Re-read the article. Paulson increased holdings of the Miners, not Soros. Soros, had small increases in his miner holdings... but sold almost $700mm worth of GLD.
And PS, GLD is not a 'paper' scam... it is fully backed by allocated physical Gold. There is an audit and bar list on the website.
From Harvey Organ's blog
he two ETF's that I follow are the GLD and SLV. You must be very careful in trading these vehicles as these funds do not have any beneficial gold or silver behind them. They probably have only paper claims and when the dust settles, on a collapse, there will be countless class action lawsuits trying to recover your lost investment.
Yeah, you should definetaly trust Harvey Organ over the prospectus.
What part of ALLOCATED don't you undertand???????
There is physical ALLOCATED metal backing these ETFs...
ALLOCATED metal means there is only one title.... Are you guys fucking stupid?
Federal employees just learned that their pensions aren't really allocated.
Social security is supposed to be a fund. Those funds aren't allocated.
I don't really trust what Wall Street says. If that makes me "f*** stupid" well, I guess I'm stupid. From my perspective, trusting is stupid.
What part of "past fraud defended as standard industry practice" don't you understand?
Here, maybe an actual example might http://www.reuters.com/article/2007/06/12/idUSN1228014520070612
And it's still going on: http://www.gata.org/files/RamseyV.UBS_.pdf
If "allocated means there is only one title", then why do you keep claiming that metal from SLV can be used to settle demands for delivery from the COMEX? You can't have it both ways.
Dumbshit, any short can buy the shares, take delivery and use the physical to settle.
And actually, I think COMEX lets you deliver the shares directly.
BECAUSE THE METAL IS ALLOCATED.
Did you happen to read the links???? Morgan stanley and UBS said they "bought" ALLOCATED gold on behalf of clients and didn't buy the gold, a small "operational omission" that wasn't noticed until clients asked for delivery. ALLOCATED or not, you get an IOU from a bank telling you there is gold backing that piece of paper that they willingly give you in exchange for your hard earned money....sounds familiar????? No, I won't ask who is the dumbshit now, time give you your place. Do you think you are a genius just because you can type ALLOCATED in caps???? oh, by the way, time is up.... Dumbshit!
Big snipe hunt planned. All the guys would really like for you to come along!
Try geting ALLOCATED out of them.
It sure is funny how you claim they aren't a scam on one hand, while you claim that their gold and silver is available to satisfy those standing for delivery at the COMEX on the other. That's like saying you aren't bankrupt so long as someone who uses your bank has money.
Because they are NOT a scam and backed 100% by physical, they can be used.
Is that too hard to understand? Because you can take physical delivery from the ETF through an AP, you can use them to settle a COMEX contract. There is real GOLD there...
And, PS, the short is the one who forces delivery on the long, not the other way around. Any short can buy shares of GLD or SLV and use the physical backing for settlement... and actually, it is my understanding that COMEX allows you to directly deliver the shares now. BECAUSE THEY ARE THE EQUIVALENTS.
lol, except there are fewer than 30 market participants that can actually redeem the shares for metal.
And you seem to think we should all sell our gold and silver before all this buying pressure hits GLD and SLV from the COMEX. What the fuck is wrong with you, you blithering moron?
Wrong again... Any player can have the AP do the exchange ON THEIR BEHALF. Just like Einhorn did.
And, FYI, the volume for one contact is nothing compared to the average daily volume.
Uh-huh. An insider did it, so ANYONE can do it!
Enron called, they want their accounting strategies back.
Duh, remember the dudes that tried to remove THEIR Phys Silver from Crimex?.
They could not get Silver, they were forced to take 20-40% cash instead.
FRN's are not Silver.
Do the math, Man.
$700 million is 2.5% of his $28 billion fund.
That's hardly a major move for Soros. I would guess he took the easy money and ran. On the other hand, it's could also be in response to the safety of the ETF, which is becoming increasingly unsafe.
Yo are the one who should re-read. I'll quote and make it easy for you "This would allow Soros to discreetly accumulate bullion away from the public and media spotlight that result from SEC filings."
"George Soros, the billionaire founder of Soros Fund Management LLC, sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust funds in the first quarter, while buying shares of mining companies Goldcorp Inc. and Freeport-McMoRan Copper & Gold Inc. " You should learn how to read the article before you spread your bullshit,or in your case BEARSHIT.
He sold $650mm+ of GLD, while buying 15mm of FCX and 350k worth of GG....
Great swap... he bought back 2.3% of the Gold he sold in Miners...
You cannot know how much he bought back...again, re-read "This would allow Soros to discreetly accumulate bullion away from the public and media spotlight that result from SEC filings."
-deleted double post-
You can bet your ass SOROS has a shitload of Physical.
That scummy bstd is as crooked as GS.
According to GuruFocus:
Most held ETF by "guru" followed investors: GLD
Most bought ETF last quarter: GLD
Second most sold ETF last quarter: GLD
According to Alphaclone, GLD ETF positions were increased by 53 in the Q4/10 quarter (Q1/2011 data not yet in their service)
Question: Soros could have 'cashed in' his GLD for actual physical metal from GLD. Perhaps that happened. So the queston is, did Soros cash in his shares and take physical delivery of gold from the ETF?
I bet he did, MT, I bet he did !
Yeah, he's storing it in coffe cans in the back yard. He'll schlep it down to the local coin dealer during armageddon to buy more ammo and turkish carpets.
Sure. Yeah. That is it. He still has it, even after it went up over 5x in in 10 years and he called it the 'ultimate' bubble.
Seriously, you still have time to get out. Sell your Gold NOW... it is going to be much lower. The Chinese and Indians are the biggest buyers because they have an inflation problem. Now that they are both tightening, Gold demand is only going lower... Have fun back below $1000.
Your agenda is showing.
He called it the "ultimate bubble" while secretly buying it.
I guess the troll brigade saw that we caught them shifting sentiment from telling people to sell ALL PM's to "sell silver buy gold", so now jackass here is trying to make up for it. He knows he is the least credible of his bunch, so he is trying to pretend as if sentiment hadn't shifted.
You guys need to find a dumber audience. Really.
HE said it would be the ultimate bubble. That does not imply that it is a bubble yet.
He is SELLING.
Why aren't you?
No, he sold two months ago, dumbshit. No-one but him knows what he is doing now.
Can you spell P_A_P_E_R??????????????.
He NEVER owned any physical in GLD.
Because I'm not a bumbling dumb fuck like you.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.