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German TV Exposes "Gold Price Manipulation Fit For A Financial Thriller"

Tyler Durden's picture




 

While we have done our best to expose the utterly disgusting manipulation that occurs day-in-and-day-out in the precious metals markets over the last few years (how the "fix" is manipulated, who is responsible, and the blowback from European investigations), but mainstream US media remains actively ignorant of exposing these realities (even as another 'gold-"fixer"' gets the ax today). But not the Germans. As the following brief documentary exposes "an examination of gold prices reveals machinations fit for a financial thriller." With the Germans still wanting their gold back, we suspect this German TV documentary explaining the "lack of oversight.. and serious manipulations of the gold price," will stir up more than a little public concern about ever getting it back.

 

h/t Koos Jansen

 

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Tue, 05/20/2014 - 20:50 | 4779485 Croesus
Croesus's picture

The only way Germany will ever get their Gold back, is if the US invades a bunch of small countries, and steals their gold from them. 

 

Tue, 05/20/2014 - 20:50 | 4779496 knukles
knukles's picture

Nooooo...
Seriously? 

Tue, 05/20/2014 - 20:52 | 4779504 Latina Lover
Latina Lover's picture

TV programming that you will never see in the USSA controlled mainstream liar media. No wonder their viewship is dropping faster than Michelles droopy tips.

Tue, 05/20/2014 - 21:17 | 4779544 NoDebt
NoDebt's picture

Why is it I feel that even after the "Gold Fix" consortium dissolves, we will still have to suffer through the 7:30am Gold Smackdown every damned morning until we're all long dead and gone?

Tue, 05/20/2014 - 21:29 | 4779643 SafelyGraze
SafelyGraze's picture

the answer is as simple as it is obvious:

lay new track to match the width of the new trains, duh

Tue, 05/20/2014 - 22:46 | 4779867 CrazyCooter
CrazyCooter's picture

Those who do not read will never learn.

This is herding (assuming since I don't speak German).

Milestone?

Regards,

Cooter

Wed, 05/21/2014 - 01:21 | 4780147 Titus
Titus's picture

I do and I disagree. The germans are logical people. This documentary raises the same logical questions we've been asking in a way the common person can understand. 

Wed, 05/21/2014 - 06:57 | 4780407 GetZeeGold
GetZeeGold's picture

 

 

 

Soooo......Germany is getting it's gold back when again?

Wed, 05/21/2014 - 08:50 | 4780698 BigJim
BigJim's picture

 The only way Germany will ever get their Gold back, is if the US invades a bunch of small countries, and steals their gold from them.

But that would be unethical! Not to mention, illegal; and isn't our president both a Nobel Peace-Prize Lauireate, as well as a Constitutional Scholar?

So I don't see that happening anytime soon... unless we elect some Republicans obviously!

/s <= just in case the red/blue bait isn't obvious to all you MDB downvoters

Tue, 05/20/2014 - 21:30 | 4779647 Quus Ant
Quus Ant's picture

Hey, look on the brightside.  That may not be far off.

Tue, 05/20/2014 - 21:38 | 4779683 FieldingMellish
FieldingMellish's picture

That's some seriously optimistic thinking there, son.

Tue, 05/20/2014 - 21:52 | 4779724 fonzannoon
fonzannoon's picture

"There are certificates for doing this, there is no need to store gold in your own vault or under your pillow"

 

This from the asshole complaining that the U.S won't let Germany look at it's own gold.

Tue, 05/20/2014 - 22:17 | 4779790 Manthong
Manthong's picture

Well, Fritz, not only have your gold holdings been tremendously suppressed and devalued, they are like, um,  not existent. But it’s all OK.. I am sure that you trust Hussein, Reid, Pelosi, Yellen et al to be good for the hundreds of tons.. at some non-specific time many years from now.  

Har.. Har.. Har..

Tue, 05/20/2014 - 22:41 | 4779852 DeadFred
DeadFred's picture

The Germans are suppose to be a smart and realistic group of people yet they actually think they will get their gold back. Go figure

Tue, 05/20/2014 - 23:01 | 4779869 Manthong
Manthong's picture

 it merits a little condescension when the idiocy gets to such extreme levels.

 

Tue, 05/20/2014 - 23:50 | 4780006 Greenskeeper_Carl
Greenskeeper_Carl's picture

The German govt/treasury/central bank types undoubtably know this. They also know that if they press too hard and this truth is revealed, it will be bad for everyone(meaning govts, central banks, fiat currencies), so they go along with this 7 years nonsense because their gold isn't there and there's nothing they can do about it. The German people naively think their gold is here for safe keeping, and want it back. Just like Americans naively believe we have the largest gold reserves in the world in Fort Knox and other places.

Wed, 05/21/2014 - 02:20 | 4780185 chrissjg
chrissjg's picture

The German people can't do jack shit about whats going on. Just like nobody elses peoples can either. The whole purpose of the documentary in Germany is similar to the purpose of ZeroHedge existing. To educate and raise awareness. It is the first step to cleaning up this bullshit with the Feds and central banking elitists. Corporate masters too. The train wreck has already happened. There is no stopping the train and reversing. What you see going on in today's world is the wreck happening in super slow motion... FIAT currencies will end very soon. I suspect there will no longer be power, jobs, nor food (unless you can grow your own). So lets see if the militaries will still be functioning so that they too, can be manipulated to attack all those who do not consent to the new world government.

Wed, 05/21/2014 - 04:00 | 4780233 Lore
Lore's picture

EVERYBODY is about to get screwed over, including large chunks of the banking complex and MIC.  A lot of middle ranking lackeys are about to learn the meaning of the word "expendable."  PSYCHOPATHS HAVE NO HONOUR. You want to know how they'll look after you when the chips are down, look to the example set by their forbears.  The people of Germany remember.

Wed, 05/21/2014 - 02:20 | 4780186 chrissjg
chrissjg's picture

The German people can't do jack shit about whats going on. Just like nobody elses peoples can either. The whole purpose of the documentary in Germany is similar to the purpose of ZeroHedge existing. To educate and raise awareness. It is the first step to cleaning up this bullshit with the Feds and central banking elitists. Corporate masters too. The train wreck has already happened. There is no stopping the train and reversing. What you see going on in today's world is the wreck happening in super slow motion... FIAT currencies will end very soon. I suspect there will no longer be power, jobs, nor food (unless you can grow your own). So lets see if the militaries will still be functioning so that they too, can be manipulated to attack all those who do not consent to the new world government.

Tue, 05/20/2014 - 22:21 | 4779796 FieldingMellish
FieldingMellish's picture

Considering that DB has trillions in derivative liabilities that can only be settled by a bail-in, I would say the pillow looks good right now. He looks like he ate his gold in a terrible culinary accident.

Wed, 05/21/2014 - 09:09 | 4780763 Rubbish
Rubbish's picture

Everyone knows there is no Gold under my pillows Bitchez.

 

S&W  =  Silver looking WTF, bad day.

Tue, 05/20/2014 - 21:46 | 4779666 remain calm
remain calm's picture

When CNBC does an expo on the true gold manipulation will be the day gold breaks 2000 and that will be when most of their audience has already figured it out and will be a too late attempt to save face. Fuck you Steve LiesMan you fucking blow hard.

Wed, 05/21/2014 - 04:53 | 4780266 ...out of space
...out of space's picture

haha

from nine minut on

Q; what a small investor can do?

A; buy gold, but not in phizz and stuck in under a pillow. buy GLD coz that is a good solution for the market.

 

First they told something that everone know for years  , then they start bullshiting. 

shit in  cellophane 

i will rating this with my midle finger up

 

Tue, 05/20/2014 - 20:57 | 4779519 philipat
philipat's picture

Problem is, what we call manipulation is known to the CB's as "Monetary Policy". And they are above the law. So long as the paper tail continues to wag the physical dog, nothing will change. Unfortunately.

Tue, 05/20/2014 - 21:05 | 4779550 FieldingMellish
FieldingMellish's picture

Truer words were never spoken.

Tue, 05/20/2014 - 21:54 | 4779729 Luckhasit
Luckhasit's picture

The Fed may have gold but Germany doesn't have any here, on second thought I don't think the Fed has any gold aside from personal stashes of the individuals.

Silly Germans thought they would get the precious back.

Tue, 05/20/2014 - 20:49 | 4779486 KingdomKum
KingdomKum's picture

we few,  we happy few,  we band of silver holders  .  .  .

Tue, 05/20/2014 - 21:14 | 4779580 vato poco
vato poco's picture

Speaking of silver, do any ZH'ers here have a recommendation for a halfway honest & not-too-greedy supplier? I was willing to put up with that grouchy asshole Tulving because his prices were the absolute best, but I see where he's slid down the toilet into closure, BK, talking to the feds, etc etc

Tue, 05/20/2014 - 21:19 | 4779609 SWCroaker
SWCroaker's picture

Coin show.  Cash.  Carry.

Tue, 05/20/2014 - 21:55 | 4779739 seek
seek's picture

If you were talking to Tulving, obviously you buy in larger quantities when nickle and dime transactions won't work. I'd try APMEX.

Wed, 05/21/2014 - 05:14 | 4780288 DirkDiggler11
DirkDiggler11's picture

For purchases of silver bullion I have always experienced good pricing and great service from Gainesville coin. Kitco is good as well, but a very limited selection.

APMEX is highway robbery most of the time, but they do carry a large inventory of numismatic coins. Occasionally they will run a sale that will get my attention, but not very often.

Just my own two cents worth ...

Wed, 05/21/2014 - 06:52 | 4780397 grekko
grekko's picture

Apmex is pretty honest.  I like their service, they've never let me down.

Wed, 05/21/2014 - 09:59 | 4780983 Not My Real Name
Not My Real Name's picture

I like APMEX too. They aren't the lowest cost dealer, but the have a huge stock, their customer service is excellent and their reputation is impeccable. For me, that is more than worth the relatively small, but higher, premium.

Wed, 05/21/2014 - 07:19 | 4780454 No Quarter
No Quarter's picture

I've used JM Bulion a few times. Prices were good, just takes forever to get your stuff, and usually only after a few "WTF where's my shit" emails. About a month from the time they get the money to delivery at your door. I've heard they are faster now. 

Wed, 05/21/2014 - 11:21 | 4781356 vato poco
vato poco's picture

Much obliged, Gents

Tue, 05/20/2014 - 20:51 | 4779488 Millivanilli
Millivanilli's picture

Is gold money, dr. bernank.

 

NO.

 

https://www.youtube.com/watch?v=2NJnL10vZ1Y

 

Tue, 05/20/2014 - 21:03 | 4779503 BrosephStiglitz
BrosephStiglitz's picture

Barbarischen Relikt!

And for what its worth.. asset vs.money, it doesn't matter.  Even if it is an asset it is a relatively liquid asset.  Whether you class it as an asset on paper, or as money makes little difference.  Its intrinsic properties will always be there. 

Tue, 05/20/2014 - 20:50 | 4779490 FieldingMellish
FieldingMellish's picture

Nobody cares. Nothing will happen.

Tue, 05/20/2014 - 20:51 | 4779499 knukles
knukles's picture

David Hasslehoff to the Rescue!

Tue, 05/20/2014 - 21:03 | 4779542 FieldingMellish
FieldingMellish's picture

Ride the Hasselhoff!

Tue, 05/20/2014 - 21:17 | 4779595 NoDebt
NoDebt's picture

Get ripped and eat a cheeseburger off the floor.  It's all good.

Tue, 05/20/2014 - 21:43 | 4779664 Quus Ant
Quus Ant's picture

The role he was born to play. 

Seriously, a man can't get loaded, eat a cheeseburger and have a heart to heart with his daughter?  AND gold is manipulated?  Dark days indeed, brothers.  Dark dayzzz.

Tue, 05/20/2014 - 20:54 | 4779515 g'kar
g&#039;kar's picture

"Nicht ein smidgeon der Korruption"

Wed, 05/21/2014 - 06:51 | 4780391 grekko
grekko's picture

Das fix es kaput!

Wed, 05/21/2014 - 07:33 | 4780466 g'kar
Tue, 05/20/2014 - 20:55 | 4779516 Duc888
Duc888's picture

 

 

 

so what's bigger?  Gold manip or LIBOR?

 

Double penetration, double dicked by the "elites".

 

schwinnnnnnnnnnggg.

Tue, 05/20/2014 - 21:00 | 4779527 Goldilocks
Goldilocks's picture

Whacking Day: A Tribute (HD)
http://www.youtube.com/watch?v=hqf1d-8IccI (1:47)

Tue, 05/20/2014 - 21:08 | 4779554 ebworthen
ebworthen's picture

Snakes on a plane, snakes on the train, snake in my shorts...

Sorry, last one was for my girlfriend and my broker, respectively.

Tue, 05/20/2014 - 21:11 | 4779570 g'kar
g&#039;kar's picture

LMAO

Tue, 05/20/2014 - 21:07 | 4779558 ebworthen
ebworthen's picture

But wait...what is this Gold thing?

Can I eat it?  Sounds like a barborous relic, like natural gas and coal fired electricity.

Tue, 05/20/2014 - 21:30 | 4779650 BrosephStiglitz
BrosephStiglitz's picture

You can eat it but according to Goldman iPhones are more nutritious.

Tue, 05/20/2014 - 21:09 | 4779563 conork
conork's picture

Can someone translate the video please? My German isn't the best

Tue, 05/20/2014 - 21:14 | 4779582 topspinslicer
topspinslicer's picture

I think she said she digs me

Tue, 05/20/2014 - 21:17 | 4779600 ebworthen
ebworthen's picture

"I'm hotter than you, and I like doggy.  Buy Gold!"

Tue, 05/20/2014 - 21:18 | 4779604 SilverIsMoney
SilverIsMoney's picture

Click on the CC button and put the subtitles in Engllsh

Tue, 05/20/2014 - 21:31 | 4779652 ebworthen
ebworthen's picture

Thanks, very helpful post.

"The Chinese are the Germans of the East."  Priceless.

Yup.  And a suggestion from the guest that the German Gold has been given to China.

Wed, 05/21/2014 - 09:19 | 4780822 litemine
litemine's picture

If you don't hold it, You don't own it.    Proven Over and Over

Tue, 05/20/2014 - 21:42 | 4779692 prains
prains's picture

...what if you're too old to even see the subtitles?

Tue, 05/20/2014 - 21:32 | 4779663 BrosephStiglitz
BrosephStiglitz's picture

If you follow the text link there is a full english transcript on the website.  

Tue, 05/20/2014 - 21:18 | 4779599 Kaiser Sousa
Kaiser Sousa's picture

the only 2 forms of real money r being manipulated via the phony paper exchanges and prices....

NOi EVEN DEBATABLE.....

SO JUST KEEP ON STACKIN AND FUCK THE MONEYCHANGERS....

Tue, 05/20/2014 - 21:19 | 4779606 ebworthen
ebworthen's picture

Amen.

Tue, 05/20/2014 - 21:44 | 4779694 qazwsx
qazwsx's picture

http://www.ingoldwetrust.ch/gold-price-manipulation-goes-mainstream-on-g...

 

That has the English transcript of the clip if anyone is interested 

Tue, 05/20/2014 - 21:55 | 4779718 SilverIsMoney
SilverIsMoney's picture

nevermind

Tue, 05/20/2014 - 21:54 | 4779730 cpgone
cpgone's picture

Germans love David Hasslehoff or "THE HOFF"

anybody got a link for englsih version?

Wed, 05/21/2014 - 03:55 | 4780236 The Abstraction...
The Abstraction of Justice's picture

www.kingoftherepublic.com. Litigation was submitted on the 12th.

Tue, 05/20/2014 - 22:07 | 4779763 sleestak
sleestak's picture

Like the Lewis book, this coverage targets a diversion.  Yeah, I'm sure the fix is fixed in some criminal way and HFT frontrunning is horrible (though likely no worse than the specialist system).  But c'mon.  Let's get the truth on the table.  Futures are carpet-bombed before, after and during the fix by agents guaranteed by the central banks.  HFT - and dark pools - enable the CBs to jack ES contracts at the most hopeless of times and keep their tracks concealed.  No mention of that in Flash Boys.  And oh by the way, did you see the dollar rebound last week as the DXY cracked 79?...

If TPTB can cop a plea on frontrunning and throw a few phone callers under the bus for the fix yet maintain their ability to exercise massively more significant price controls elsewhere, I bet they'd do it in a heartbeat.

I will take the above as a sign better times may be ahead, but I'm willing to bet this and Lewis' book are small concessions made to preserve the golden goose.

Tue, 05/20/2014 - 23:28 | 4779949 hangemhigh77
hangemhigh77's picture

I'm SHOCKED!!  Just SHOCKED!!  To THINK that the banks would do anything illegal!!  Say it ain't so.

Tue, 05/20/2014 - 23:41 | 4779975 The Most Intere...
The Most Interesting Frog in the World's picture

lets bring in some lawmakers. nothing is supposed to be illegal for a bank. correct the situation immediately...

Tue, 05/20/2014 - 23:30 | 4779952 hangemhigh77
hangemhigh77's picture

Give us NAMES Heir Goldenbritches, NAMES.  So ve can HANG them!!

Wed, 05/21/2014 - 06:49 | 4780385 grekko
grekko's picture

Auric Goldfinger

Tue, 05/20/2014 - 23:37 | 4779970 The Most Intere...
The Most Interesting Frog in the World's picture

give em some fucking greenbacks and let's call it even

Wed, 05/21/2014 - 00:40 | 4780111 silverserfer
silverserfer's picture

Crimea the rivea. Buy z gold if you need some. Z jus arent giving it back so fogeddaboudit

Wed, 05/21/2014 - 01:40 | 4780163 Obamanism
Obamanism's picture

NWO Cunning Plan 1.

Start a new cold war with the Russians then say to the NATO countires, in the region, it is unsafe to keep your gold at home incase Mr Putin decides to invade you. So send the Fed 3/4 of your gold holdings for safe keeping.

If Germany cannot get their gold back what chances has Latvia or Estonia

Wed, 05/21/2014 - 03:50 | 4780232 The Abstraction...
The Abstraction of Justice's picture

Good timing, I submitted my lawsuit against the German CEO of Deutsche Bank on the 12th of this month. www.kingoftherepublic.com is on the march.

Wed, 05/21/2014 - 05:36 | 4780304 Jano
Jano's picture

Last year Germans got 5 tons of gold.
This year they will get most probably 5 oz. Max!

Wed, 05/21/2014 - 06:37 | 4780365 adonisdemilo
adonisdemilo's picture

Socialism at its very best.

FUCKING USELESS

Wed, 05/21/2014 - 09:13 | 4780792 litemine
litemine's picture

Ya?   Just bend over and Die for the Corrupt American System..... I think not.   Lets charge the people in trust that profit from that trust.   You....adanisdemilo......you let your children die for big Oil/ gold prices....I won't let mine go. Learn from History       banking and corruption does not help mainstreet.

Wed, 05/21/2014 - 06:47 | 4780380 grekko
grekko's picture

APMEX.COM  They've always been pretty good in dealing PMs.  Order today, and you'll have it in a week.

Wed, 05/21/2014 - 09:10 | 4780769 litemine
litemine's picture

I like Kitco better................

A local coin shop even better yet.......Get to know the man/woman and deals can be made ....buying or selling

Wed, 05/21/2014 - 09:45 | 4780939 BeetleBailey
BeetleBailey's picture

A.G.E. out of Texas is also superb....delivers when they say...prices are competitive....used them for years now

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