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A Ton Of Gold Bricks: What Capital Flight Looks Like In Italy
Curious why so little has been said about cash flowing out of Italy's banks, especially when even UniCredit's CEO today proudly warned everyone he is all for confiscating uninsured deposits as long as "everyone else is doing it" - and no, he is not kidding, so when it does happen, nobody will be able to say they weren't warned. Maybe it is because Italian cash is actually not leaving the country at all. Instead, real "wealth" is departing the boot-shaped nation, quietly and under the radar, as fast as it can in another form: gold. As the clip below from Bloomberg shows, a car was intercepted at the Italy-Switzerland border, with a very special cargo: numerous bars of gold weighing a whopping one ton, worth $6 million. Furthermore, one can be absolutely certain that for every car that is caught at the border with a ton of "golden" cargo, there are 99 that pass through undisturbed and undetected. Which makes perfect sense: what better way to circumvent shadow capital controls such as those virtually everywhere in Europe, than to convert one's paper money within country A so it stays in country A, into a far more valuable, anonymous and transportable store of wealth, such as gold, and quietly move it to country B, the one where the risk of deposit confiscation is (for now at least) far less?
Oh, did we mention the confiscated product was gold: not euros, not Cypriot euros, not dollars, not palladium, not bitcoin... gold?
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tungsten or real? how long can paper prices stay so low??
"how long can paper prices stay so low??"
I know this one - Fraud
Now we understand the push for body scanners at airports.
He should have just fabricated all of the metal body parts of the car out of the gold and then added some fake rust for effect...
This news item stinks.
Since when is it illegal to move gold bars to Switzerland.
As far as I know, gold bars are not a financial instrument and do not need to be declared.
are you aware that if you cross borders within EU you are obliged to declare cash if you carry more than 10000 euros ?
This is not cash
Did they declare the value of their car/SUV?
It's not a financial instrument either.
The subliminal investment advice, not intended to be given by Bloomberg, is everyone move your gold to a safe jurisdiction as the grabbers are coming.
I would bet there is a gold remonetization coming and all of the fat boys aren't positioned yet. Cough it up.
They are welcome to my gold, just as soon as I run out of 9mm, 30-06, and crossbow bolts. Does anyone know where I can pick up some claymore mines, like real cheap?
Please sell your gold.
It is of no use (see the above video).
Besides, my banker buddies are in trouble.
http://www.examiner.com/article/largest-dutch-bank-defaults-on-physical-...
Thank you,
Michael Bloomberg
---------------------------------------
On a side note - did anyone notice how they stacked the gold bars on the cardboard. Only an Italian policeman would stack gold like that.
Those dudes are Merkels cousins. Repatriation, bitchez! Worth "6 million dollars"? LOL. Is gold trading at $187 / oz?
1 Ton = $45 million, give or take a few ounces.
As far as I know or can calculate a ton of gold is 32150 troy ounces. times price is close to 50 million Ameircan dolors. Someone did not do their homework.
Or there is only a couple hundred KG's there, which is what it looks like.
Soc Gen says the gold era is over
http://www.bullionstreet.com/news/gold-era-ends-societe-generale/4430
Gold is finished.
The future is in paper.
Should've used Bitcoin.
He would've saved a ton of money on gas costs...
and a ton of money.
no shit.... bitcoin could hit $2000 next week if this witch hunt keeps going
Just before it goes to zero.
I'm very sorry but I can't refrain from being amused at your dismissal of bitcoin when we are clearly seeing that moving gold involves major problems. That's what bitcoin is for. Gold is to remain burried under a tree until strike price. Anyone using gold in hyperinflationary times will be painting a major target in their backs.
Beside, if thief steal bitcoin, no danger is happen to teeth. Cannot is steal bitcoin with pliers!
Here's the real story, it was in yesterday's paper:
http://www.20min.ch/ro/news/suisse/story/110-kilos-d-or-saisis-par-les-d...
And there is no way someone would be carrying and moving gold bars this size with 2-3 fingers only. Mut be gold-plated aluminium!
It wasn't obviously 1 TON! .. it was 110 kilos (4.400.000 euro circa)
Well, I'm glad somebody on ZH knows that a ton of gold is worth a lot more than $6m. Sheeesh! That is one price ZH should not be getting wrong.
Actually this being Europe I assume it would have been a metric ton, worth close to $50m.
How many extra leaf springs does a Fiat need to carry a ton of gold?
Wait, do cars still have leaf springs?
For that matter, does fiat have any gold content,..
Maybe they meant it in the colloquial sense, like I banged a ton of chicks.
But maybe you mean it literally, like you banged four "500 lb fat chicks.
Boris is resent joke about sisters!
Was that a troy ton? A short ton, a metric ton? Or 1960 long pounds?
Jeeze I dunno know anymore.
Pretty sure silk road has claymores or the equivalent. (not kidding.) You have to pay in bitcoin though.
Dumb fucks tried to stuff a ton of gold into a 1955 Citroen 2CV.
Thing was grounding out on level surface on the rims.
Driven by 2 Arab guys wearingfull face covering niqabs and screaming Allah ackbar!
Otherwise, it was no big deal
Smellay Snackbar! Smellay Snackbar!
I like a locked bar, I like a locked bar...
Does not make sense these smellay arabs! Should have nuked Afghanistan but Gorby is no presence of gonad like Putin.
This was Italy. The car was a Topolino, not one of those French Grasshoppers.
Foil wrapped chocolates?
They don't have any gold, not for 7 years anyway (in the case of Germany). does the word rehypothecated mean anything to anyone? Of course they'll confiscate it. I'll gladly give mine when I run out of ammo, including crossbow bolts.
I proudly announce: Paper Gold is Kaput!
Is it me or does the European Commission website's Cash Control's website not work? It has the main info page, but you can't get to more information when looking up "What is cash?"
http://ec.europa.eu/taxation_customs/customs/customs_controls/cash_controls/index_en.htm
For the US Gold coins are considered currency (but couldn't find anything re: gold bars).
http://ec.europa.eu/taxation_customs/resources/documents/customs/customs_controls/cash_controls/r1889_2005_en.pdf
article 2, section 2.
2. ‘cash’ means:
(a) bearer-negotiable instruments including monetary
instruments in bearer form such as travellers cheques,
negotiable instruments (including cheques, promissory
notes and money orders) that are either in bearer form,
endorsed without restriction, made out to a fictitious
payee, or otherwise in such form that title thereto
passes upon delivery and incomplete instruments
(including cheques, promissory notes and money orders)
signed, but with the payee's name omitted;
(b) currency (banknotes and coins that are in circulation as
a medium of exchange).
In the EU, the capital control legislation does not say "cash". It says you can cross a border without declaring up to 10,000 euro equivalent "cash, cheques, or mediums of payment"-
The issue here is that investment grade gold 95.xx purity and up, bears no taxes because it is "investment grade gold" and as such, it falls in the category "medium of payment".
It's all in the wording. However, if those had been philarmonic coins, with a Euro face value, you could cross the border with up to 10,000 Euro face value, as they are legal tender.
I hope this information is useful to some europeans here, the devil's in the details.
Thats quite informational. Hope to see you around these parts more often.
Note to self: in case of emergency, buy a yacht, sail away, and sell at destination - problem solved.
In extremis, hijack a yacht ,anchor offshore and eat popcorn watching when TSHF.
Note to self: buy big binoculars.
You certainly won't be selling your yachts stash in Switzerland (it's landlocked for the geographically challenged... in other words, most americans).
But let's explore this theme.
Sail to Tahiti .... and what, wander around Papeete looking for an English speaking Chinese coin shop. Or Sail to Dubai? Singapore? Hong Kong ? (do u have any idea the challenges involved in doing that) Where you'll do what? (assuming you manage to smuggle your cargo past the local customs). But, But you stammer ....simon black makes it sound sooo straightforward.
U.S. Coast Guard (which operates on the high seas --far removed from the U.S.) will likely intercept you during one of their "safety checks" and strip you of your life's saving. If not, your arrival at a major foreign port could get you a through search. Feeling lucky punk? With your life's savings?
There's alot of clueless posters on Zerohedge shooting off their mouth.
The Jewish banksters & their minions will eat you up and shit you out unless you up your game an order of magitude.
LOL you know I was just kidding, right?
Btw, you sure?: http://www.youtube.com/watch?v=sYwU9uxc9qY... everything's possible with a little imagination (and loads of cash...) :P
Btw, US/elsewhere coast guard/whatever can't do jack shit about foreign ships in high seas, if not mandated internationally/related to their jurisdiction (well, they can, obviously, but that's high sea piracy).
Dang, he should'a had a boating accident BEFORE he got to the border...
He probably was hoping to get to lake Geneva, I've heard it's a very accident-prone lake (sort of a Bermudas Triangle for wealth, if you will)...
And that explains a mystery that has puzzled professionals and enthusiasts alike, for decades: why did the Swiss ban the world's only underwater SLR camera ever - you just wouldn't want any would-be treasure hunters upsetting the calm of those waters going through its silt, uncovering whatever relics may lie there.
why were they searching the vehicle in the first place?
thought part of the point of the union was to facilitate travel
Crack [JEWBloomberg] team reporting to you that, once & for all... "Crime doesn't pay"...
It was a ton of gold. Think the car sagged much? Guard notes an auto performance problem, investigates and, WHOA, a ton of gold.
Who the fuck transports a ton of gold all at once?
This was clearly a case for Bitcoin. Just send it over the border electronically.
Or carry it on you. Unfindable.
Interesting, how jewelery seems far less likely to get confiscated. But even Mr T doesn't wear more than 45 pounds at a time:
http://www.funnyordie.com/videos/8fd07a6c00/mr-t-talks-gold-investments
Oh, some folks liked the plan? Good luck, bitchez.
"This was clearly a case for Bitcoin. Just send it over the border electronically."
Isn't it remarkable that while Bitcoin has broken into the mainstream, gold & silver are being hammered down and now being 'exposed' as unsafe to travel with and hold, making more claims of how great BitCoin is.
Something smells fishy......someone wants you out of your metal and into the nothingness of digital.....
Then retrieve the bitcoins in Switzerland and convert to whatever.
"......someone wants you out of your metal and into the nothingness of digital....."
that someone is your freedom that is buried under your blindness... have you noticed how far into digital nothingness you have to go to be free these days? bitcoins, tor network, silk road....
If you think freedom is dredging the scum at the bottom of the barrel then you gotta lot of thinking left to do.
The crackhead sucking dick in the dark ally to get free drugs must be the most free person on the planet for getting around the 'system'.
The Swiss don't belong to the EU. Never did. They were smart.
Switzerland is not part of the Union
Is part of Schengen, though.
As long as you travel light :-)
For the past year, French police are stationed near the swiss border and routinely stop and search all cars with Spanish, Portuguese, or Italian license plates, actively looking for people with more than 10,000€ on them per person.
The only thing that's not routine about this news, is that it's gold, and in larger bars. They stop people like this every day, to the point that travelling for holiday on the other sea-end of france is more hassle-free for spaniards.
It wasn't cash, it was a barbaric relic. Some call it tradition.
Bricks, guy was a civil contractor, obviously - he was going to lay the yellow brick road to fiscal paradise.
they should of just made fake tungsten bars out of them
Should have taken a truck and disguised them as red bricks for building, or inside cement blocks.
And are you are aware that they use machine vision tech (cameras & computers) at borders crossings and Tagged Neutron Inspection (TNI), to ID smugglers?
1. One metric (1,000 kg = 2,200 lbs) and only 1 or 2 passengers will lower the suspension on the car a lot. By a suspicious amount. An astute border guard or the Machine Vision will detect this anomaly and raise an electronic flag.
2. TNI allows them to get the proverbial "x-ray vision" picture of its contents. This is especially true for cargo containers on trucks and ships, where they focus on nuclear and PM contraband.
Although, if the total quantity is as seen in the video, were are NOT talking about a 'ton' in a literal but a 'figure-of-speech' sense.
All of the gold was not extracted from the car when the video was taken. You can clearly see many more bars farther in the underbelly of the car. They likely just pulled some out then confiscated the car and contents and passengers.
"Gold isn't money" - Bernanke
In other COMEX news today, gold is trading at $3.49/oz on the exchange.
Now, if you want the REAL thing? Sorry folks. Thats another story.
Can you say, disconnect? I knew you could. [sarc off]
This week the price of gold has been smacked! Paper price anyway. Would I have been able to foresee this massive price decline? No way. Many of you know that I have been reading about the dangers of making predictions, I have instead become more in favor of identifying risks and vulnerabilities in one's "financial ark", and then fixing those.
"Dangers In Predicting Precious Metals Prices"
http://tinyurl.com/d8nhdjq
welcome to Bankocracy.
SHHHHH!!! We're making this shit up as we go!
Signed, Your Friendly Global Government
antiquated relic...remember? gold has no monetary value...not yet.
Since when is it illegal to move gold bars to Switzerland.
Since you have them and costumed thugs want them.
@Pinto Currency... Exactly what I was about to say... if Gold / Silver are relics and have no intrinsic value, why the fuck is it "illegal" to be transporting it in any amount between any preferred destinations?
Anyone got an answer? Hello? Bueller?
They can't conceal their hypocrisy it's so fucking obvious... Gold and Silver are the real money, and they do not want anyone to start using them instead of their worthless paper. Plus, clearly, they don't want any leaving their own countries, obviously.
Zerohead's "golden car" reminds me of cheech & chong plasticizing marijuana into the shape of a delivery truck.
You ought to see my new brick shit-house!
So if everyone else is jumping off a bridge, and Billy Bob double dog dares YOU to jump off the bridge....
What could go wrong?
At $1556 a ounce, that's $50,030 per KG. If a ton is 1000kg (Standard), that means it's worth $50 Million, not $6 Million. Not surprised the markets are all so screwed when people can't do simple maths.
Damn.
And to think that the authorities already sold the confiscated booty to some unknown buyer for just 6 mil...
How'd ya think Germany was getting thier gold?
I'm guessing "$6 million" is correct and "ton" is not. I'm basing this solely on the vehicle in the video.
The border guards just need to stop and search all of the low riders passing through.
Why do lowriders have such small steering wheels? So they can be driven while wearing handcuffs. LOL.
If you ask me, the whole thing looked faked.
They way they were handling those bars with barely their fingers makes me think they weren't real.
I noticed that, too....
"Sumptin's wrong here, Luchi"
-Desi "Gold Nuts" Arnez
Bitcoin propaganda videos
Yep just like all those war movies where they're moving CRATES of gold around like it's filled with canaries.
I bet it was translated incorrectly. Someone said a 'bunch' of gold in one language, and it was translated to 'ton', which can also mean 'lots' of something.
Kinda like that broad when last rounds called and you're counting shankers and sores around her mouth and just can't decide whether they're too many or not.
Now I gotcha....
Observant Agent P, you are;
Ask yourself what would happen if you loaded a small vehicle (not even a truck) with 2000 pounds of "anything". The driver would have probably added another 250 pounds (a Goombalooch).
Even Barney Fife would be wondering why that car's just "draggin ass". Hell, I bet the leaf springs would be inverted.
The article is a FAKE. The vehicle would have to be on a truck suspension to get away with it .... just imagine trying to drive that car through the mountains .... the brakes would suck, the clutch would probably fry, and you'ld have a hell of a time trying to pull some of those steep grades. Much easier to just move the stuff in a truck .... or better yet in the keel of a boat where it would be unnoticed.
Not only that, but gold is not shiny, it's dull. Those are brass ingots.
It's chocolate candy wrapped in gold colored foil. At least you can eat it!
HahA iddiots. If transporting Gold accross borders really is illegal then they should have at least space the load out in several cars on different trips.
Story was probably created to scare people from taking their gold out of the country.
Created? No. BUT: hit one to educate 1.000
I think the story is created. They stop people carrying cash to Switzerland routinely. Most southern-plated cars are stopped. This happens everyday, but with banknotes. When it's a famous person, they publicise it to educate the sheeple. in this case, t's a gold bashing. As pointed out above, bars that size are very heavy and cannot be handled that way.
Metric tonne?
impure bars probs?
The clip doesn't mention when this happened. There was a similar story some months back, that got no coverage in the mainstream.
Is this the same story, now ready for proliferation - to start confiscation talk related to Gold, or is it a new instance of the same story.
In connection with the leaked off shore bank information, that has been investigated without a sound for 15 months, only to be announced right now - the broadcast of this story - right now - is something to make you go hmmm.
Were those Bitcoins stored in the floorboard of that car?? If so, they look an awful lot like the shiny.
Fun facts:
Growth of US debt from 1981 - 2012: 1071% (Source: Fed Flow o' Funds)
Growth of nominal GDP from 1981 - 2012: 502%
Growth of real GDP from 1981 - 2012: 227%
Growth of the price of gold (in USD) from 1981 - 2012: 416%
Growth in the price of the Dow from 1981-2012: 1498%
If gold tracked the growth of debt, it would have ended last year at $4,260/oz.
If gold tracked nominal GDP, it would have ended last year at $1,997/oz.
If gold tracked real GDP, it would have ended last year at $903/oz.
If Dow tracked the growth of debt, it would have ended last year at 9366.
If Dow tracked nominal GDP, it would have ended last year at 4390.
If Dow tracked real GDP, it would have ended last year at 1985.
So, when people tell me that "gold is in a bubble", and "you gotta be in stocks", I tend to view those people as being remarkably stupid.
Sounds like "After the fox" the great Cairo gold robbery!
https://www.youtube.com/watch?v=InAduv2MUSY
It's just a barbarous relic, right?
Jim Willie's great new piece today addresses that
He talks about proof that the 'paper gold' price is fake, there is already a much higher gold price in Shanghai, which is helping to empty the last gold held in the West ... and about to bring down the whole Western system, with the real price of gold eventually to burst out after the Western paper gold system fails:
« As of 8am today in London, the Shanghai Gold price had a 1591 handle, compared to a 1555 handle in London. That constitutes a $36/oz spread, very feasible for arb trades and the associated drainage of London metal ... as the phony paper Gold price declines more and more, it signals the demise of the COMEX itself, a shutdown ... When the COMEX goes dark, from depleted inventory, from vacated client players, the Gold price will actually not be known for some time ... »
He also talks about how the really key hidden aspect of the US Bankruptcy Reform act of 2005, was making bank derivatives higher in priority than customer deposits or all other customer account holdings ... This he sees will be the major tool of confiscating what is left of private assets in the USA:
« The bank nazis will not see their massive pillars, their syndicate hives be ruined without stripping the US nation of its private wealth. »
http://news.goldseek.com/GoldenJackass/1365105720.php
Yeah, wow, that's a huge spread. 2.3% on what looks like a riskless arb indicates that there is actually a shitload of risk in at least one side of that trade (perhaps both).
On a somewhat related note, I've been "hedging" my phys with long dated GLD puts, I'm figuring of all the arb opportunities, the difference between my phys and GLD could end up being pretty significant.
Just can't wait for that burst out.................
And most derivatives counter-parties for Euro Bonds and Interest rates are ... drum roll ... American Banks. Which means that when TSHTF in Euroland, and the Derivatives trigger, American Banks will be locked down and all their deposits will be wisked to holders of those derivates. In the morning the only thing that will be left will be a very deep, smoldering crater.
The drivers of this car do not understand the political capital invested in Europe. They vastly underestimate what the Euro means for the Europeans, for the Euro area.
Nor appreciate it apparently...
Thankfully this car had sliding doors not suicide doors like Mario's.
Draghi! I did detect your hint of a smile at the mention of zerohedge this morning at your press conference, but I didnt' realize that your familiarity with the site meant you posted here.
Well played, sir.
Everybody of any gravitas (I should use that word more carefully, but you get the point) reads the Hedge.
Look its actually pretty Goddamned simple
Use the Olde Soviet Union as a proxy
The "news" was so jury-rigged, propagandized that nobody had a fucking clue what the "truth" or "honesty" were.
So for example, the authorities allowed the circus portion of bread's other half to exist within the realm of comedy. Dry tangential humor served as the medium... that or the BBC, Radio whateverthefuck from the west.
Hence, if anybody; Benji, Mario, whomever wants to get the inside/oppositions view of the world or more importantly find the memes that must be combated for the rise of the NWO, where ya gonna go?
ZH is one of the important sources.
It s what it is.
We're not the only people who read this, folks....
I gots gravitas?
Gee, thanks knucks...
I thought I came here for the apocalypso music.
Shake, shake, shake Bernanke, shake the POMO line...
Shake, shake, shake Bernanke, shake it all the time.
-
Don't you find it completely odd that a few people can control BILLIONS of people on this earth and we ALLOW them to? Just like that, take it..ok..I'll pay more..ok..take it all out of my account..ok..more taxes, ok...
No. Although I upranked you for raising the thorny topic... it's a well understood phenomenon. Fear is why they win and we lose. Your parent's fear, their parent's fear, all the way back to the first thug who dominated a community. It is our unwillingness to draw courage to stand up to these assholes and say FUCK YOU MOTHER FUCKERS, we won't take it any more... and if some of us have to die to stop you, so be it.
No, that doesn't happen. Instead, we elect an asshole that is supposed to be our fucking proxy. And that proxy was easy to bribe... 1 asshole instead of a legion of people...
No, we don't live in the world of courage. We don't live where everyone understands what history really tells us. We don't care what happens to someone else as long as it appears the self is OK.
The Oligarchs win because there are so few of them and they cooperate to rape us silly. We lose because there are so many of us and we refuse to work together, even just long enough to defeat the cooperating oligarchs. That was the power of Unions. That was the power of collective bargaining. That is why they outlawed it and we helped, thank the fucking god, we buried it in someone else's shitty back yard. Dead. Dead. Dead. Thank god.
We don't live, they do. We toil.
Hope that answers your question sufficiently. O.O
If that was my gold, they would have gotten a lot of my lead too.
But, but, I was just trying to get my goald to my Wolf's lair...Escape To Wolfenstien, biotchez!
until the difference between paper and physical makes a difference.
Who the FUCK are you to steal my property?
Yes, but do you really want to be seen stopping that car?
I thought people lost their gold in boating accidents, not car accidents
"Those are not the gold bars you are looking for."
those were some strange bars, not looking like 12.5 kg standard bars and all for the media to be filmed on disclosure, yeahh right!
In addition such heavy bars cannot be moved with this light, elegance of the police officer.
Oh and by the way a ton of gold is slightly more than 6 mm USD, add one zero. I love RT, but this clip is as bad as any clip on FOX news.
what a piece of BS. my thoughts.
That was on Blmbrg not RT (just FYI)
Maybe someone decided to do a test run with some fake gold bars just to see what would happen, before doing a live run with their life savings.
All your gold are belong to us.
Bullish on submarines.
Kinda hard to move gold to Switzerland via submarine...
Nobody ever said it would be easy.
That's why they use airplanes.
Although there is usually a giant collection of both sail and motor boats on any lake larger than a catfish pond, so boating accidents aren't out of the question.
What ever happened to the old private jet method of transportation?
Now, the Italian government has just looted a looter.
At this point, you are a fool to use either a plane, train, automobile, or submarine to move gold.
Open a bitcoin account in Switzerland, Singapore, or Hong Kong (NOT Mt. Gox, their records will be raided, it is inevitable.)
Or, keep using the foolish assumption that bitcoin is a competitor to gold, and look like a complete moron such as the previous owner of the gold in that video.
The assumption that Switzerland, Singapore, or Hong Kong are safe places to store your wealth is a very, very stupid assumption.
Hong Kong is owned by the Chinese now. I don't think they will play nice nice with the DOJ or any non BRIC controlled entity if they start stirring up problems over there.
It's not that they will rat you out, it's that they will dick you too.
the assumption that bitcoin is a safe place to store your wealth.....
It's not a crime to bring gold that you legally own into Switzerland,
and it's not (yet) a crime to take gold you legally own out of Italy,
(but their first national pastime is tax evasion, and football is a distant second, except on game night).
It is a crime to smuggle gold (without declaring it),
but declared (legal) exports are over 100 tons per year from Italy to Switzerland anyway.
The Swiss could give the Soviet commie bastards a run for their money on the usage of "Your PAPERS are NOT in order!"
but you get used to it after a while... and it's less of a headache than a visit from the IRS proctologists...
Unless it is serialized with receipts from a broker and we know stackers don't like receipts because it defeats the purpose for stacking, you are pretty much fucked when it comes to proving ownership.
Switzerland has a lot quirky work-arounds that they don't necessarily like to talk about, I have drafted by hand and signed legal declarations on the back of scrap paper at government offices in plain view of clerk, and walked right to the counter and submitted them. So the correct answer would be to call the Customs Office before hand and find out exactly what they want in your specific circumstance - and don't be surprised if it is a scribbled note on a cocktail napkin as long as listed date is prior to arrival and declared place of signature is your country of domicile.
"Kinda hard to move gold to Switzerland via submarine..."
Not if you do it on Lake Maggiore or Lake Lugano. You might get a few stares if you do it in the daylight though.
oooh! It's full of lakes on the borders :)
Kim had his Gold on those two subs, damn it.
Bullish on submarining the Euro.
Ton of Au is 15 in cube...
Beautiful!!
Drill it!
Since when does a ton of gold equal $6 million. Maybe 15 years ago. It's closer to $50 million.
No kidding. Basic math: 1000oz = $1.5M, so $6M is 4000oz, maybe 300lbs, tops.
It was a "Betty Liu" ton.
As in, "I am wearing tons of make-up".