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Another Gold Shortage? Dutch ABN To Halt Physical Gold Delivery

Tyler Durden's picture




 

Based on a letter to clients over the weekend, it appears Dutch megabank ABN Amro is changing its precious metals custodian rules and "will no longer allow physical delivery." Have no fear, they reassuringly add, your account will be settled at the bid or offer price in the 'market' and "you need to do nothing" as "we have your investments in precious metals."

 

 

 

Via Google Translate,

Changes in the handling of orders in bullion

 

On 1 April 2013,. ABN AMRO to another custodian for the precious metals gold, silver, platinum and palladium. This we your investments in precious metals otherwise handle and administer. In this letter you can read more about it.

 

What will change?

 

With the transition to the new custodian will include the following from 1 April 2013 for you to change.
• You can have your precious metals to your investment account no longer physically let us extradite
• Gives you order in precious metals via the giro ABN AMRO? Then the settlement of orders that henceforth performed at bid prices or at the offer prices prevailing on the market for precious metals. No longer based on the mid-price, as you used to.
• The bid price is the price that merchants offer for precious metals that are offered for sale, so if you sell.
• The ask price is the price at which traders want to sell precious metals, so if you buy.
• We are the positions in these precious metals in your investment statements against future bid prices appreciate

 

You can read more about investing in precious metals in Chapter 4 (Supplementary conditions for investing in precious metals) of the Conditions Beleggersgiro. You can find these at abnamro.nl / Conditions invest

 

Should I do anything?

 

You need do nothing. We ensure that we have your investments in precious metals now the new way to handle and administer.

 

(h/t MDG by way of Frank Knopers)

 

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Sun, 03/24/2013 - 16:46 | 3369402 Joebloinvestor
Joebloinvestor's picture

We don't have your shit, we are fucked and so are you.

Trust us.

Sun, 03/24/2013 - 16:47 | 3369411 Spider
Spider's picture

They will settle in Tungsten...

Sun, 03/24/2013 - 16:50 | 3369422 jaap
jaap's picture

en we mochten ook al geen goldmoney account meer hebben....

and we were already not allowed to have a goldmoney account....

 

Good that they protect us from stupid investments in relics..

Sun, 03/24/2013 - 16:54 | 3369444 RuiNsPro
RuiNsPro's picture

LOL. What are you guys complaining about? If Germany has to wait 7 years to get their gold, you should not expect a speedy delivery (or at all) either.

Sun, 03/24/2013 - 17:10 | 3369542 francis_sawyer
francis_sawyer's picture

I'm actually starting to think that the 'Annunaki' have airlifted most of the gold off this planet & we're left here to duke it out with joobux for having not bowed down to "Zod" the lizard lord at some critical moment in history...

Sun, 03/24/2013 - 17:21 | 3369598 WmMcK
WmMcK's picture

The lizard king, the snake is long, doors of perception, Huxley.

Sorry, I get carried away in the stream of consciousness sometimes.

Back to the Earth Chronicles -- we are all gold miners now.

 

Sun, 03/24/2013 - 17:30 | 3369630 AnonymousCitizen
AnonymousCitizen's picture

Perfect. They hold my gold. I hold their cash.

Actually, I don't. I use it to take delivery of real gold.

Sun, 03/24/2013 - 17:42 | 3369670 Big Slick
Big Slick's picture

Is YODA the Google translator?

Sun, 03/24/2013 - 18:01 | 3369731 macholatte
macholatte's picture

 

You need do nothing. We ensure that we have your investments in precious metals now the new way to handle and administer.

Ain't that the "Old Way" of stealing.

Q. How do you say "Fuck Off" in Bankster?

A.  Trust me

 

Braha ha ha ha

ROFL 

Sun, 03/24/2013 - 18:29 | 3369812 deKevelioc
deKevelioc's picture

I see no problem here.  It's just a blue-chip company keeping in touch with its valued customers.  There must be a reasonable explanation for this communique, and that must be, THERE'S NO GOLD! PANIC!  GET OUT TO SAVE YOUR LIVES!

Sun, 03/24/2013 - 18:31 | 3369817 strannick
strannick's picture

Banks keeping the (dutch) gold, keeping the (cypriot) money.

CONfidence is gone.

Sun, 03/24/2013 - 18:41 | 3369853 Supernova Born
Supernova Born's picture

It puts the paper in its wallet. If it asks for gold it gets the hose again.

Sun, 03/24/2013 - 19:07 | 3369911 fockewulf190
fockewulf190's picture

That was the signal I was looking for to pull the trigger with the last of my fiat. It has been said time and time again, don't keep your gold or silver within the banking system! If you don't physically possess it, you don't own it!

The EU bigwigs are in full panic mode right now, and they are going to fly this bitch, on full afterburner, straight into the ground. Make no mistake about it. But before hand, they are going to tell you that the flight is on time, with only some light turbulence expected...while at the same time they double lock the escape exits and confiscate as many parachutes as possible. There is little time left to jump people. Get your phyzz before it's too late!

Sun, 03/24/2013 - 19:43 | 3370051 krispkritter
krispkritter's picture

I think I need to update this?

http://www.youtube.com/watch?v=PqvDUEVbIbk

Input fellers?

Sun, 03/24/2013 - 20:04 | 3370134 macholatte
macholatte's picture

 

Everyone who has no gold in their portfolios get out now!

Timely.

LOL

Tanks!

 

Sun, 03/24/2013 - 20:31 | 3370279 Scarlett
Scarlett's picture

is it just me or is this thing truly accelerating?

Sun, 03/24/2013 - 20:48 | 3370357 Temporalist
Temporalist's picture

Gold shines in Dubai as trade said to hit record $70bn in 2012

"Dubai’s gold trade is estimated to have exceeded $70 billion in 2012, hitting record highs as more of the precious metal is exchanged and stored in the emirate.

Official figures show the gold trade was worth around $56 billion in 2011, and the figure for last year is estimated to be at least 25 percent higher."

http://english.alarabiya.net/en/business/2013/03/24/Gold-shines-in-Dubai...

 

Of course this is meaningless...

Sun, 03/24/2013 - 20:57 | 3370393 fiftybagger
fiftybagger's picture

Hmmm,  looks like they be in for some "instability". Gaddafi style.

Silver For The People

The Bitcoin Channel

Mon, 03/25/2013 - 00:51 | 3371195 zhandax
zhandax's picture

I'm actually starting to think that the 'Annunaki' have airlifted most of the gold off this planet

Spring is around the corner, and scuba gear is being readied across the country to verify that the decentralized ZH stash survived winter intact.

Sun, 03/24/2013 - 23:51 | 3371078 kchrisc
kchrisc's picture

Great visual! Straight down at full afterburner.

That will leave some mark.                      hujel

Sun, 03/24/2013 - 18:04 | 3369738 WmMcK
WmMcK's picture

Harder to translate than Galactic Basic, Dutch is. Yes, hmmm.

Sun, 03/24/2013 - 18:22 | 3369791 RockyRacoon
RockyRacoon's picture

Can somebody translate the translation for me?  You'd think ZH had access to a righteous translator rather than relying on a Google translation from Chinese to English as the fourth iteration.

Mon, 03/25/2013 - 08:26 | 3371608 Agstacker
Agstacker's picture

Safe your gold is.  Or is it...

Sun, 03/24/2013 - 17:53 | 3369707 fourchan
fourchan's picture

funny thing about a finite supply of real money, 

it's unaffected by every mistake and fraud perpatrated with jewbux in every country around the globe.

 

gold stands tall where all others fall.

 

Sun, 03/24/2013 - 18:34 | 3369829 Silver Garbage Man
Silver Garbage Man's picture

Gold and Silver will be the last man standing.

Sun, 03/24/2013 - 18:36 | 3369836 DoChenRollingBearing
DoChenRollingBearing's picture

Men?  But, yes...   :)

Sun, 03/24/2013 - 18:28 | 3369805 DoChenRollingBearing
DoChenRollingBearing's picture

 

AnonymousCitizen

Correct.  Take their gold with cash.  2013's best trade.  And the Dutch economy is slowing now...  

Cash in a European bank???  Or gold?  Hmm.  Duh.

Sun, 03/24/2013 - 17:30 | 3369629 imbrbing
imbrbing's picture

ROFL!

Sun, 03/24/2013 - 17:59 | 3369718 Dungeness
Dungeness's picture

Yes, what other reason could there be?

If no one can deliver physical gold, why? Where is it?

Sun, 03/24/2013 - 19:10 | 3369771 Cap Matifou
Cap Matifou's picture

You ask us, how and why it was sold 100 times the amount of underlying physical?

To supress the apparent price with HFT traded paper gold promise.

Sun, 03/24/2013 - 18:11 | 3369764 The Heart
The Heart's picture

'Annunaki'?

Darn, there goes the neighborhood.

Sun, 03/24/2013 - 19:37 | 3370037 francis_sawyer
francis_sawyer's picture

Fuckin' kinda shit ALWAYS happens...

Sun, 03/24/2013 - 17:21 | 3369546 JustObserving
JustObserving's picture

7 years to get 300 tons which is just 3 Lufthansa flights.  And the Fed claims to be holding 6720 tons in its vault.

Goldnazi says no gold for you ... not for seven years.

Sun, 03/24/2013 - 19:21 | 3369990 NoTTD
NoTTD's picture

"You come back, seven years!"

Sun, 03/24/2013 - 19:45 | 3370057 Dave Thomas
Dave Thomas's picture

Do you think they have special flight paths for bullion flights like that? I mean what would happen if it crashed over a very deep part of the ocean and all. Personally I'd opt for sumbarine, since it's already sunken and all.

 

Sun, 03/24/2013 - 17:19 | 3369573 DosZap
DosZap's picture

If Germany has to wait 7 years to get their gold, you should not expect a speedy delivery (or at all) either.

 

No one said they HAD to wait, it was posted as their decision.

You think Chavez got theirs faster than Germany would if they said NOW?.

No way.

Sun, 03/24/2013 - 18:16 | 3369775 Cap Matifou
Cap Matifou's picture

Turns out, the Chavez chap was right all along, rip.

Sun, 03/24/2013 - 19:01 | 3369930 Bullionaire
Bullionaire's picture

Precisely why he was cancered.

Just sayin.

Sun, 03/24/2013 - 18:37 | 3369842 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 DosZap

Yes, if Germany PUSHED, my guess is they could get their gold now.

Sun, 03/24/2013 - 18:50 | 3369885 Going Loco
Going Loco's picture

DoChen I have the greatest respect for you but I don't agree. The failure to deliver the German gold instantly was the biggest warning sign there could be. You would have thought they would have made delivery quick and painless to maintain confidence. The fact that it is purportedly taking 7 years tells me that it is all over. Like the theft of deposits in Cyprus it is a "no going back from here" moment. In years to come I believe we will point to these months, and the events chronicled on this blog, and say to each other (those of us who survive): "That was the turning point".

Sun, 03/24/2013 - 19:32 | 3370024 DoChenRollingBearing
DoChenRollingBearing's picture

I have no way of knowing, that is just my guess.  I have thought we were at "the turning point", ever since, well, uh, Jimmy Carter...

If this IS the moment, it will LOTS OF FUN sorting all of this out in the coming weeks, months, years...

Sun, 03/24/2013 - 21:52 | 3370652 BoNeSxxx
BoNeSxxx's picture

The Bundesbank and the Fed are involved in an epic '69'.

Not hard to believe that Ben Shalom would have asked for a reach-around on this one - nor that it would have been granted. The Fed is backstopping EU banks and keeping the hot money flows alive (as ZH has exposed numerous times).

 

Edit: heading over to Apmex now to... well... you know...

Sun, 03/24/2013 - 19:37 | 3370034 Haole
Haole's picture

The U.S. and France had to invade Mali to get gold to fulfill Germany's request, or rather to steal Mali's production.  It's no coincidence that Mali's gold production adds-up to ~300 tons over 7 years.  I imagine Libya's gold could have went to fulfill Venezuela's request but who knows...

Sun, 03/24/2013 - 23:01 | 3370918 Flagit
Flagit's picture

wow

Sun, 03/24/2013 - 17:16 | 3369579 franzpick
franzpick's picture

Well, if they can't deliver then let's get physical, with 7 years of tongueston, daily.

Sun, 03/24/2013 - 21:41 | 3370605 Greyhat
Greyhat's picture

Never ever give tungsten to a German! We know some of the best ways to use it! :)

Sun, 03/24/2013 - 16:54 | 3369450 kliguy38
kliguy38's picture

Please remain calm. This is only gold. It really is a relic but just in case you expect delivery, we want you to expect momentary delays....perhaps in the range of "decades".....

Sun, 03/24/2013 - 16:56 | 3369465 JustObserving
JustObserving's picture

We will deliver your gold by drone if you insist.

Sun, 03/24/2013 - 17:07 | 3369485 Manthong
Manthong's picture

I am a little confused.

Per the link in the “might enjoy” below..

http://www.zerohedge.com/article/1-billion-gold-bars-taken-delivery-pension-fund-due-risk-comex-default-and-shortages

Who has “taken delivery” of the pension fund's gold now.. did they.. or the Fed..   or the magic unicorn?

When I see the Fedex guy, I know what absolutely, positively delivered means.

What does it mean to a banker.. or a fiduciary?

Oh, I get it .. banker and responsible/accountable fiduciary are oxymorons.

Sun, 03/24/2013 - 17:09 | 3369541 JR
JR's picture

A bird in the hand is worth two in the bank, er bush.

Sun, 03/24/2013 - 17:11 | 3369555 DosZap
DosZap's picture

ManThong,

Who has “taken delivery” of the pension fund's gold now.. did they.. or the Fed..   or the magic unicorn?

The Comex has it in the vault in NYC, Texas has requested it be RETURNED to the state.

WE will get the Gold.

Sun, 03/24/2013 - 17:19 | 3369593 One of We
One of We's picture

On that note, has anyone heard if the Krauts (or anyone for that matter) has actually held even a flake of repatriated Fed gold yet?  Last I heard they got a bunch of pallets full of IOU's......

 

"All your ass is become ours!"  -Shinzo Bernanke

Sun, 03/24/2013 - 18:40 | 3369843 Manthong
Manthong's picture

Um,   Dos..

“WE will get the gold.”

 

Brings to mind a blast from the past.. an oldie but goldie... from the vaults of A.D. 1720..  

 “…We want our money on the nail;
The banker's ruin'd if he pays:
They seem to act an ancient tale;
The birds are met to strip the jays.”

… “So powerful are a banker's bills,
Where creditors demand their due;
They break up counters, doors, and tills,
And leave the empty chests in view.”

It doesn’t get any better than this.   :-D

http://www.readbookonline.net/readOnLine/38875/

Sun, 03/24/2013 - 17:21 | 3369600 kliguy38
kliguy38's picture

On the tip of a Hellfire?? no thnx......

Sun, 03/24/2013 - 17:22 | 3369604 franzpick
franzpick's picture

Hellfire Express.

Sun, 03/24/2013 - 20:02 | 3370158 Stuck on Zero
Stuck on Zero's picture

Go long on spent Uranium.

 

Sun, 03/24/2013 - 17:27 | 3369621 Beam Me Up Scotty
Beam Me Up Scotty's picture

"We will deliver your gold by drone if you insist."

More like we will deliver you a monster box of silver via hellfire missle.

Sun, 03/24/2013 - 16:58 | 3369474 HulkHogan
HulkHogan's picture

"centuries"....

Sun, 03/24/2013 - 17:14 | 3369569 Tango in the Blight
Tango in the Blight's picture

Just buy the phyzz. There are enough bullion shops in the Netherlands. E.g.:

http://www.doijerkalff.nl/

http://www.hollandgold.nl/

http://www.amsterdamgold.com/

http://www.thesilvermountain.nl/

Just make an appointment and pay for your phyzz in cash and take delivery in person.

Disclaimer: I am not affiliated with any of these companies.

Sun, 03/24/2013 - 16:56 | 3369456 McMolotov
McMolotov's picture

"Weird scenes inside the gold mine..."

Sun, 03/24/2013 - 17:16 | 3369578 WmMcK
WmMcK's picture

"The young child's fragile egg-shelled mind ..."

Sun, 03/24/2013 - 16:58 | 3369469 Stuart
Stuart's picture

more and more we're going to see cockroaches like these thieves scurrying around trying to hide from the sunlight of openness, transparency and honesty.   More and more revelations of bankers changing policy in the face of reality that they do not have the gold... how could they when it's part of a fractional deposit system, pledged 100:1.   Anybody with a paper ETF or voucher is a bloody fool!

Sun, 03/24/2013 - 17:33 | 3369643 JustObserving
JustObserving's picture

ABN is a massive bank with more than 400 billion euros in assets and more than 24,000 employees per Wiki

Sun, 03/24/2013 - 22:19 | 3370776 XitSam
XitSam's picture

Ha ha ha, he said "assets".  LMAO.

Mon, 03/25/2013 - 12:04 | 3372546 Tango in the Blight
Tango in the Blight's picture

They have assets but they are re-re-re-re-rehypothecated.

Tue, 03/26/2013 - 13:15 | 3377702 matrix2012
matrix2012's picture

DERIVATIES ARE ALSO QUALIFIED ASSETS FOR ALL FINANCIAL INSTITUTIONS <=== BENJAMIN SHALOM BERNANKE

Sun, 03/24/2013 - 17:01 | 3369494 wee-weed up
wee-weed up's picture

Hmmm... wonder what this will do to the price of gold & silver?

Sun, 03/24/2013 - 17:10 | 3369552 SWCroaker
SWCroaker's picture

Bearish.   (in my Eeyore voice):  It's always beeearrrrish.

Sun, 03/24/2013 - 17:12 | 3369562 disabledvet
disabledvet's picture

this is a tough call actually...and while you certainly don't have to hear me out i certainly recommend you "think it out." we have been suffering from a "denial of reality attack" for some time...but this appears to be filtering away. in other words "you don't use euro's" do you? so "what is the gold going to be used for?" LET US GO TO THE VIDEO TAPE! http://en.wikipedia.org/wiki/Dutch_guilder (translation for guilder is...yep...GOLD.) can they do gold money though? i am unclear...have to wait for the smoke to clear and get a good view of the derbis...

Sun, 03/24/2013 - 17:58 | 3369716 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 18:00 | 3369720 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 17:59 | 3369721 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 22:25 | 3370787 CompassionateFascist
CompassionateFascist's picture

Go ahead. Say that 4 more times. 5? You're dead.

Sun, 03/24/2013 - 18:00 | 3369722 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 18:00 | 3369723 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 18:00 | 3369724 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 18:00 | 3369725 augustusgloop
augustusgloop's picture

Shekel = (at a time) .35 oz Ag

Pound sterling = self explanatory

Drachma = "fistful" bronze / iron / etc. 

Mark = 8oz mainly silver & as unit of account in England

Yuan -> Kuai -> lump of silver 

but of course, all symboiic in one way or another. the point is they all had a value based on bullion. Very interesting book is David Graeber's Debt: The First 5,000 years. While he considers himelf an anarchist + the book's conclusions are dubious, the history of debt (which precedes coin & barter) 9s fascinating. 

Coin  comes into being around 600 BC - telling because it is a time of breakdown of civilizations. As systems, & faith in systems deteriorates, coin comes into play (seized from temples). Parallels for today are obvious. 

Sun, 03/24/2013 - 18:08 | 3369755 Ancona
Ancona's picture

?Ummmm.......multipost much? "Enter" key stuck

Sun, 03/24/2013 - 21:08 | 3370447 Conax
Conax's picture

7 copies, and people gave the same greens and a red to each one.. made me raff.

 

Sun, 03/24/2013 - 17:34 | 3369652 Kaiser Sousa
Kaiser Sousa's picture

"wonder what this will do to the price of gold & silver?"

oh you mean the phony paper price, right???

trade sideways for the next 3 years....

fucking hilarious...

i got and am still gettin mine...................so long you cocksucker mother fucking bankers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sun, 03/24/2013 - 17:03 | 3369516 Cistercian
Cistercian's picture

Investment value FAIL.

 

 Today's word is systemic boys and girls.

 

 

Sun, 03/24/2013 - 17:13 | 3369566 Mr. Magoo
Mr. Magoo's picture

I think that's what MF global aka john the slime corzine told Gerald celente before they robbed his account and went belly up

Sun, 03/24/2013 - 17:22 | 3369594 Banksters
Banksters's picture

 

ABN Amro sees lower gold prices in 2013 and 2014 | ArabNews    

 

I'm gonna get rip roaring drunk and piss on a bank when the fractional gold/silver trade blows the fuck up

 

Swiss right-wing forces referendum on banning SNB gold sales No shit?    

 

Sun, 03/24/2013 - 17:45 | 3369678 americanspirit
americanspirit's picture

What an excellent idea - piss on a bank. Why don't we all do it?  If you're the shy type just take a little tinkle on the bank's front lawn. If you're more aggressive the mortgage desk would be a great place to drop a steaming pile.And if you do get arrested for public indecency, I think that your speech to the judge just about writes itself, don't you? ( Oh, and you might just want to drop a load on the court for good measure. Just like bankers, they really, really need to know what people think of the system they perpetuate.)

Sun, 03/24/2013 - 17:27 | 3369622 New_Meat
New_Meat's picture

Joebloinvestor:

"Trust Us."

We're not like the others.

- Ned

Sun, 03/24/2013 - 17:47 | 3369687 Buck Johnson
Buck Johnson's picture

Things are about to go from worse to catastrophic.

Sun, 03/24/2013 - 18:02 | 3369734 forwardho
forwardho's picture

Amen brother Buck.

This whole situation is being buried in the media. A full court press to keep people from seeing or talking about the crunch which has already taken place.

The time-line is past the event horizon.

We are living on imaginary enertia.

Sun, 03/24/2013 - 18:43 | 3369862 DoChenRollingBearing
DoChenRollingBearing's picture

Yes, the whole thing is being buried in the media.  I agree that the event horizon is already behind us...

Sun, 03/24/2013 - 21:20 | 3370501 Temporalist
Temporalist's picture

@Buck Johnson

"Things are about to go from worse to catastrophic."

 

There will be a day soon when you BEG for the Bernank to return and save us all...bwwwwwaaaahaaahaaahaaa!!!!

Sun, 03/24/2013 - 18:46 | 3369871 Boondocker
Boondocker's picture

If you arent holding it you dont own it!

Sun, 03/24/2013 - 19:10 | 3369952 masterinchancery
masterinchancery's picture

Don't worry, it's all invested in Cyprus. Completely safe! In a "lock box."

Sun, 03/24/2013 - 22:12 | 3370751 zorba THE GREEK
zorba THE GREEK's picture

NO GOLD FOR YOU TODAY.....NEXT !!!!

Mon, 03/25/2013 - 10:12 | 3372012 unwashedmass
unwashedmass's picture

in other words, its long gone, and you are fucked. 

Sun, 03/24/2013 - 16:46 | 3369404 Fips_OnTheSpot
Fips_OnTheSpot's picture

ALL IS WELL

Sun, 03/24/2013 - 16:51 | 3369435 Alpo for Granny
Alpo for Granny's picture

Sincerely,
The Honorable Jon Corzine

Sun, 03/24/2013 - 18:45 | 3369865 DoChenRollingBearing
DoChenRollingBearing's picture

Biggest P.O.S. on Planet Earth Jon Corzine

Sun, 03/24/2013 - 16:57 | 3369464 McMolotov
McMolotov's picture

Obligatory Animal House clip:

http://www.youtube.com/watch?v=zDAmPIq29ro

Sun, 03/24/2013 - 17:57 | 3369711 TeamDepends
TeamDepends's picture

My advice to you is to start drinking heavily.

Sun, 03/24/2013 - 17:19 | 3369591 Possible Impact
Possible Impact's picture

Well, well, well

three holes in the ground

mines are holes in the ground

gold comes from mines

ALL IS WELL

(repeat)

 

Sun, 03/24/2013 - 16:47 | 3369405 Goldenballs
Goldenballs's picture

Robbing Bastards will be a fitting comment when you find out whats yours is theirs and whats theirs is theirs as well.No changes there then.

Sun, 03/24/2013 - 17:02 | 3369504 DosZap
DosZap's picture

Got smart, JUST like all ETF's.

Sun, 03/24/2013 - 16:46 | 3369406 Grimbert
Grimbert's picture

...No longer physically exists

Sun, 03/24/2013 - 16:47 | 3369409 TeamDepends
TeamDepends's picture

Rehypothication in progress.

Sun, 03/24/2013 - 16:58 | 3369461 TeamDepends
TeamDepends's picture

....and those in dark robes continued, deep into the night, throwing the putrid bonds into the fire hoping to bring forth gold but alas!  It was all in vain....

Sun, 03/24/2013 - 17:22 | 3369603 disabledvet
disabledvet's picture

find me a virgin!

Sun, 03/24/2013 - 17:25 | 3369613 TeamDepends
TeamDepends's picture

Be careful!  The robes hide pretty much everything.

Sun, 03/24/2013 - 17:26 | 3369617 Piranhanoia
Piranhanoia's picture

Goldmember got them all.

Sun, 03/24/2013 - 18:04 | 3369740 Water Is Wet
Water Is Wet's picture

Attention all, I now have UNICORNS IN STOCK and READY FOR SALE!*  I eagerly await your orders for lots of money.

*Will not actually deliver Unicorns.

Sun, 03/24/2013 - 18:07 | 3369753 TeamDepends
TeamDepends's picture

Will they be available for petting?

Sun, 03/24/2013 - 18:22 | 3369793 toys for tits
toys for tits's picture

I've always wanted to take my unicorn out on my boat.  

Uh-oh boating accident.

Sun, 03/24/2013 - 22:23 | 3370789 XitSam
XitSam's picture

Damn horns punch holes in everything.

Sun, 03/24/2013 - 16:59 | 3369479 disabledvet
disabledvet's picture

"into Dutch Gilders." this would make sense. "close the gold window." this is 1973 all over again...but in a really weird way. "interest rates are too low and the dollar too dear."

Sun, 03/24/2013 - 17:11 | 3369559 WmMcK
WmMcK's picture

I remember holding thousand guilder notes in my hand (1977).

My kids would never believe it.

When I explained my alias, they wanted proof.

Thanks to Monty Hall I have now regained their confidences.

Now how to explain to them the ladies knitting in the windows of Amsterdam ...

Sun, 03/24/2013 - 17:15 | 3369574 disabledvet
disabledvet's picture

"paper" is woven too. and we can make "paper batteries" with it. with right amount of (bare minimum) science we can make all the wild fish that we want as well...

Sun, 03/24/2013 - 16:50 | 3369410 FLUSA.com
FLUSA.com's picture

When I was a kid a Custodian would clean up our shit at school....guess they work for the bankers now.

Sun, 03/24/2013 - 16:55 | 3369453 MsCreant
MsCreant's picture

Banker scum has always "cleaned up."

Sun, 03/24/2013 - 18:46 | 3369873 DoChenRollingBearing
DoChenRollingBearing's picture

++++++++++++  

FLUSA.com & MsCreant!

Sun, 03/24/2013 - 18:59 | 3369917 olto
olto's picture

MsCreant:

LIBOR "cleaned up";

GIBOR on deck

"Batter up!"

Sun, 03/24/2013 - 16:48 | 3369412 valkir
valkir's picture

No more phisical delivery on gold,no more than 100 euro per person/day in Cyprus,soon in other gulags,pardon,free countries.What possibly could go wrong?

Sun, 03/24/2013 - 17:04 | 3369517 Pseudo Anonym
Pseudo Anonym's picture

you ask?

What possibly could go wrong?

cigarettes will be rationed

Sun, 03/24/2013 - 17:09 | 3369544 tip e. canoe
tip e. canoe's picture

NO SMOKE FOR YOU!

Sun, 03/24/2013 - 17:32 | 3369636 mick_richfield
mick_richfield's picture

If cigarettes are rationed, only rational people will have cigarettes.

Sun, 03/24/2013 - 17:05 | 3369527 Sudden Debt
Sudden Debt's picture

well... there's a fuel and coal shortage because of the prolonged winter here in europe... One me freeze away from freezing our balls off...

Sun, 03/24/2013 - 17:17 | 3369583 disabledvet
disabledvet's picture

"global warming" in the USA is in fact "global cooling" in Europe. this matters too...

Sun, 03/24/2013 - 18:49 | 3369882 DoChenRollingBearing
DoChenRollingBearing's picture

Here's what they have been saying about the weather...

 

1970s: Global Cooling and Nuclear Winter

1990s: Global Warming

2000s: "Global Climate Change"

2013: "New Norm Extreme Climate"

 

sheesh...

Sun, 03/24/2013 - 16:48 | 3369415 toys for tits
toys for tits's picture

"Come, Watson, come! The game is afoot. Not a word! Into your clothes and come!"

Sun, 03/24/2013 - 16:48 | 3369416 Hulk
Hulk's picture

U leeest mier hoeft hoodfucked in yer arse...

Sun, 03/24/2013 - 16:52 | 3369434 kaiserhoff
kaiserhoff's picture

You need do nothing.

Run, Forrest, Run.

Sun, 03/24/2013 - 16:50 | 3369419 Gmacks
Gmacks's picture

"I wanna know where da gold at! I want the gold!"

Sun, 03/24/2013 - 16:51 | 3369436 Gmacks
Sun, 03/24/2013 - 16:50 | 3369421 Grimbert
Grimbert's picture

geef mijn goud terug

Sun, 03/24/2013 - 17:04 | 3369512 Sudden Debt
Sudden Debt's picture

Nauw Nauw Nauw... Jouw goud... da hebbe we nou even nooit zo gezegd he pa?

Mon, 03/25/2013 - 12:19 | 3372650 Tango in the Blight
Tango in the Blight's picture

Cracks me up.

Translation (which loses the humor a bit): "Now Now Now... Your gold... we didn't say it was like that, ey Pah?"

Sun, 03/24/2013 - 17:40 | 3369664 flyingpigg
flyingpigg's picture

Probably a good time to convert the fiat at the ABN-AMROs "gold"-account into Euro's to buy gold coins/bars before it's confiscated, vaporised or capital controlled. 

Sun, 03/24/2013 - 16:51 | 3369423 StarTedStackin'
StarTedStackin&#039;'s picture

Don't worry, Janet Reno er Napolitano.....has bought enough hollow points "to protect us" 6 times each!

Sun, 03/24/2013 - 17:21 | 3369597 q99x2
q99x2's picture

“It is with gravest concern that I write to you today concerning the recent appropriation of weapons by the Department of Homeland Security (DHS) that can only be understood as a bold threat of war by that agency, and the Obama administration, against the citizens of the United States of America,” the decorated retired Army Captain’sletter begins.

Sun, 03/24/2013 - 17:52 | 3369700 forwardho
forwardho's picture

q99x2,

Thanks for link,

93 of 100 senators voted yea for the NDAA.

Petitioning our current gov't seems like, too little, too late.

I fear they saw in the abyss their own demise, and acted accordingly.

Sun, 03/24/2013 - 16:50 | 3369424 gimli
gimli's picture

But we will deliver wampum or pizza if requested.

Sun, 03/24/2013 - 16:56 | 3369459 SKY85hawk
SKY85hawk's picture

I can eat pizza.

Tungsten is toxic to my lil' body.  .  .  .

Sun, 03/24/2013 - 17:01 | 3369493 Sudden Debt
Sudden Debt's picture

I'll take the Pizza Horse Hawai and the horse chicken wings please...

after 7 years, the pizza is for free right?

Sun, 03/24/2013 - 17:05 | 3369524 WmMcK
WmMcK's picture

Can you get wampum for BTC now?

Wow, I'm behind the times with my relics.

Once upon you could get pizza with a kited check, but I date myself too much with that statement don't I?

Sun, 03/24/2013 - 17:31 | 3369634 disabledvet
disabledvet's picture

gotz to go seez the bonz http://www.youtube.com/watch?v=KT3f4zgmQdI "to understand the living you have to commune with the dead...

Sun, 03/24/2013 - 16:51 | 3369427 Anglo Hondo
Anglo Hondo's picture

If you don't hold it,  you don't own it, period.  It's all OURS.


Sun, 03/24/2013 - 16:51 | 3369428 Seasmoke
Seasmoke's picture

i was afraid of this.....

Sun, 03/24/2013 - 16:52 | 3369437 bingo was his name
bingo was his name's picture

This shit is getting serious. 

Sun, 03/24/2013 - 16:58 | 3369472 Winston Churchill
Winston Churchill's picture

Really, from glacially slow to full retard ahead in what 8 days.

Hope the German and Swiss Govts.were not holding there.

Sun, 03/24/2013 - 17:02 | 3369497 McMolotov
McMolotov's picture

This shit is getting serious.

Which explains all the lying.

Sun, 03/24/2013 - 17:03 | 3369511 disabledvet
disabledvet's picture

how dare you call absurdism lying.

Sun, 03/24/2013 - 17:04 | 3369445 MsCreant
MsCreant's picture

<---most will be calm about this, and think "no big deal."

<---there are going to be some pissed off folks out there who will want more than the cash.

Do NOT follow this link or you will be banned from the site!