This page has been archived and commenting is disabled.

Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves

Tyler Durden's picture




 

One week ago we reported that while Russia was dumping a record amount of Treasurys it was buying gold, or some 900,000 ounces to be precise. Today we learn that as Russia continues to purchase gold, and is likely taking advantage of the recent rout in gold prices, it certainly won't be storing its physical metal with any of the western Central Banks. According to Reuters, shortly after Russia and China announced their historic gas deal, Vladimit Putin said at the recent International Economic Forum, that Russia need to ensure its gold and currency reserves are secure. And not just Russia: China too. Because apparently when it comes to speaking for "hard" monetary policy, Putin is now authorized to speak for both nations.

From Reuters:

"For us (Russia and China) it is important to deposit those (gold and currency reserves) in a rational and secure way," he said. "And we together need to think of how to do that keeping in mind the uneasy situation in the global economy."

 

Putin also said China and Russia will consider further steps to shift to use of national currencies in bilateral transactions.

And while we are confident the entire world is enjoying the now 5 year long foreplay, the time may have come for the PBOC to finally reveal what its updated gold reserves are. Maybe it can use Putin for that too.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 05/28/2014 - 11:46 | 4802033 LawsofPhysics
LawsofPhysics's picture

Barbarians!!!!

/s

 

Wed, 05/28/2014 - 11:48 | 4802038 Tao 4 the Show
Tao 4 the Show's picture

So he's not going to store them at the NY Fed?

Wed, 05/28/2014 - 11:48 | 4802043 NotApplicable
NotApplicable's picture

Most realistic soap opera, EVAR!

Wed, 05/28/2014 - 11:56 | 4802082 Dr. Richard Head
Dr. Richard Head's picture

Germany and Austria are the jilted lovers of the US that never saw it coming.

Wed, 05/28/2014 - 12:10 | 4802140 zerozulu
zerozulu's picture

If you don't have it, you don't own it.

Wed, 05/28/2014 - 12:25 | 4802195 El Oregonian
El Oregonian's picture

"Rope and Chains" something we can believe in... For these  criminals and banksters.

Wed, 05/28/2014 - 12:30 | 4802219 zaphod
zaphod's picture

Given the meager 0.1% - 2% returns treasuries provide, it makes zero sense for any CB to hold bonds over gold today. If you are Russia's CB and you have $1M to place in reserves you can: a) buy bonds and have $1.4M in 20 years or b) buy $1M of gold that will definitely be worth more than $1.4M in 20 years.

Right now network effects only are keeping the FED's global lock going, but once the CB exit from dollars gets started the move will pick up speed and go global and not just BRIC type countries. Again there is zero reason for any CB to hold bonds at this point and they all know it.

Wed, 05/28/2014 - 12:38 | 4802241 dontgoforit
dontgoforit's picture

If you were Vlad and you had just signed this energy deal with China, would you not find a public forum with which to cement the deal by encouraging them (China) to back their fiat with gold - since payment for all that energy is going to be made via some currency vehicle - gold being the most desirable form.  I would do just what he did.  Cement the relationship - make it golden.

Wed, 05/28/2014 - 12:55 | 4802291 BaBaBouy
BaBaBouy's picture

MEANWHILE Back In GERMANY...

They Happily Took Receipt Of Another 23 Ozs Of Physical GOLD From The FED...

 

COUNTDOWN To Germany Getting? 30% Of Their Physical GOLD Back From The FED...

About 187 Years Hahahaha........

Wed, 05/28/2014 - 13:29 | 4802419 Four chan
Four chan's picture

the us banks and treasury are having a blue light special on gold..isle 3

Wed, 05/28/2014 - 13:52 | 4802481 strannick
strannick's picture

No shit they need to secure their gold reserves.

Wed, 05/28/2014 - 15:07 | 4802702 WmMcK
WmMcK's picture

In NZ they prefer (a)isle of ewe.

Wed, 05/28/2014 - 14:21 | 4802563 Joenobody12
Joenobody12's picture

187 years ? Will the USSA last that long under Obumpma and the jerks who will continue the same Bush/Clinton/mother fuckers policy after him ?

Wed, 05/28/2014 - 15:05 | 4802695 WmMcK
WmMcK's picture

What a coincidence -- I just bought 23 ozs of Au; all I could find at the (plural) local LCS's.

Wed, 05/28/2014 - 21:12 | 4803804 MontgomeryScott
MontgomeryScott's picture

"MEANWHILE Back In GERMANY...

They Happily Took Receipt Of Another 23 Ozs Of Physical GOLD From The FED..."

Where did the FED get 23 ounces from? They must be busy recycling old computers and salvaging the gold solder, or digging up graves to pull the fillings of the dead. 

There's not many more third-world nations left that the U.S. can 'democratize' that actually have any gold, I think. 

The FED is a parasite, who has sucked all the blood out of its' host, and doesn't GIVE A SHIT at this point if it (the United States) dies, LITERALLY (due to the fact that the nations who entrusted it with their gold reserves will never get them back, now, and will most likely attack militarily, in the end, and wipe this nation off the face of the Earth).

GOOD JOB, you sociopathic greed freaks. FUCK THE FED, and FUCK the machine that it built! HEY, NSA? Are you there? Silly question. Of COURSE you are. Tell the CIA to try to FUCK THEMSELVES. They can't of course, because their dicks won't reach.

'Let us never tolerate wild conspiracy theories about the events of 9/11' ('W' to the U.N.). Yeah FUCK YOU TOO, Bush, and your elitist Bilderburger Bohemian Grove butt-fucking buddies! Bernanke's cum is still drying on your chin, you cocksucking...

Sorry, I get carried away sometimes. NOW, back to the 'news'.

Obama claims that he is not arming Syrian rebels, and the CIA claims that it DIDN'T interfere at all in the Ukraine. THERE, we settled it for you, because WE are the news. It has NOTHING to do with oil, gold, or any other 'wild conspiracy theory', and that 'game of thrones' isn't really happening. IF you don't believe us, look at THIS: Miley Cyrus. SERIOUSLY. LOOK at MILEY CYRUS. If you don't, you will not be considered 'cool'. O.K., we'll play 'fun facts' about Miley Cyrus. What is her bra size? Is her ass 'flabby', or just 'skinny'? How many men has she bedded? Is she a skank whore, or is she just 'playing the part'? Is it true that a fully-loaded semi can drive in to her tunnel with room to spare? We took a poll, and the results will shock you! Let's ask our Hollywood expert, Dr. M. K. Ultra. Dr. Ultra?...


Wed, 05/28/2014 - 12:13 | 4802151 Took Red Pill
Took Red Pill's picture

But China bought JP Morgan's building in NYC with the vault. What will they fill the vault with?

Wed, 05/28/2014 - 12:21 | 4802178 Conax
Conax's picture

The gold held by the last few holdouts in America. When the price goes to the moon, they can sell it back. Then crash it, buy it back, let it go up, then sell it, just like our own banksters.

100 to 1 baby, yeah.

Wed, 05/28/2014 - 13:17 | 4802348 Quinvarius
Quinvarius's picture

And where is JPM now storing the 20 million ounces of SLV custodial silver that SLV and JPM claim to be holding in a JPM NY vault?

Exhibit A: https://ebts.jpmorgan.com/metalicsWebApp/ebts_downloads/BONY_SLV.pdf

Wed, 05/28/2014 - 21:40 | 4803940 MontgomeryScott
MontgomeryScott's picture

You ever heard of Kurt Sonnenberg? He was the FEMA photographer that released the pics of the gold vault in WTC6, in which the door was open (NOT destroyed or even damaged, just standing NORMALLY OPEN when FEMA found it), and the vault was completely EMPTY.

Let's see.

U.S. owes China shitloads of gold. 9/11 happens. GOLD stolen from vault. JP MORGAN has a gold vault. Chinese transact 'real estate' deal with JPM and buy building with gold vault. Walmart remains open.

The Chinese DIDN'T FILL the vault with ANYTHING (but air).

It's like buying a prosthetic leg from a heroin dealer.

(That sounds pretty crazy, doesn't it? I KNOW they don't do this stuff in REAL LIFE. Let me tell my wife to go close the gate on the picket fence on my 'American Dream' home. My dog 'Rusty' might wander. I'll just sit here in the Barcalounger and watch the Nicks game ['THAT' is so much more important than 'thinking', and I'm pretty stupid, you know, because I am a 'blue-collar' worker, and not qualified to think because the guys on the television told me I wasn't an expert]. Martha, would wou get me a beer from the fridge? I love you, honey. Another 29 years of payments, and this little condo will be ours!)

Red Pill Radio. Tragedy And Hope Communications. Jack Blood. Steve Quayle. Lew Rockwell. Alex (of course). Zero hedge. WRH. BLN. Boiling Frogs. RENSE. Can't list them all, too little space.

Less than a year, and you're doing quite well at this stage, it seems. Don't let them fool you in to believing otherwise, and seek, because the wisdom from the processing of the knowledge is worth everything (more than you can imagine).

Wed, 05/28/2014 - 12:18 | 4802170 franzpick
franzpick's picture

Putin knows: Repossession is 9/10ths of the law...

Wed, 05/28/2014 - 12:26 | 4802202 Der Wille Zur Macht
Der Wille Zur Macht's picture

If Germany and Austria are jilted lovers, does that make Ukraine a rape victim?

Wed, 05/28/2014 - 13:55 | 4802493 Nobody Important
Nobody Important's picture

Pretty much.

Wed, 05/28/2014 - 17:06 | 4803048 mkkby
mkkby's picture

And yet the paper gold price gets smacked back to the $1260's.  Investment heads dumping everything except stocks... because they are going up.

This has been the price where China stepped into the physical market in volume.  If it gets supported I'll be adding another 20oz.

Wed, 05/28/2014 - 22:15 | 4804024 MontgomeryScott
MontgomeryScott's picture

I'm trying to remember the year. Was it '03? '06? I'm getting old, I guess. I had to look it up (it was '03).

http://silverprice.org/silver-price-history.html

Silver was sitting at around $3.47 an ounce. My employer at the time was a greedy guy (but also my friend), who thought he 'knew the market'. I'd been watching, simply observing, mind you; and I advised him to buy all the silver he could, as well as gold (which was secondary, because the increase that I saw wouldn't match silver's percentage gain). He was 'wiser', and scoffed, and told me that there was 'no support', and chided me. I had a gut feeling (as well as a deep study of the matter), and I laughed, and challenged him to name the top. He turned and walked away...

He died before it got all the way up (a 'Hanford Downwinder', he succumbed to 'Multiple Myloma', or 'bone marrow cancer', caused by a nuclear release from the Hanford Nuclear Test facility. The 'government' paid for his treatment, though, 'magnanimously'. FUCK TEPCO and GENERAL ELECTRIC, by the way!).

'IF IT GETS SUPPORTED':

Tell me HONESTLY. If it rapidly rises again to $1,800 an ounce, will you declare that you 'didn't see the support' when you look in the mirror and pull your whiskers out for not following your instinctive feeling at the time (THIS time)? 

There are two types of human people: Leaders, and Followers. What differentiates them is that LEADERS will take chances (based upon things like mathematical certainties, positive moral traits, and sometimes 'gut instincts'). The statement 'IF IT GETS SUPPORTED' belies your basic character in this matter, unfortunately. Please don't take this as a slander on your person. It isn't meant to be so, but rather, a true life experience from one who has seen a formidable share of lost hopes and actual LIVES.

INDECISION is a terrible thing, and if you lose, you can look back and laugh at it. If you WIN, you can tell everyone 'I TOLD you so!'. If you DO NOTHING, and wait for 'SUPPORT', you are as the sheep that await their master's shearing (or slaughter).

Are you a MAN or a MOUSE?

Throw a piece of cheese on the floor, and we'll find out...

(Marx Brothers, Groucho)

 

 

 

Wed, 05/28/2014 - 15:01 | 4802682 WmMcK
WmMcK's picture

With Stockholm syndrome.

Wed, 05/28/2014 - 13:59 | 4802500 sampo
sampo's picture

Actually, for some reason, Austria had to declare the results of the conducted audit as "secret"..

http://www.goldreporter.de/austria-to-audit-gold-reserves-at-the-bank-of...

Wed, 05/28/2014 - 13:26 | 4802403 TheReplacement
TheReplacement's picture

They have lakes in Russia and China don't they?

Wed, 05/28/2014 - 11:47 | 4802039 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Aw yoo gowd ahh bewong to us !

Wed, 05/28/2014 - 11:49 | 4802044 john39
john39's picture

in other words, Mr. Putin suggests to the rest of the world that the central bankers have stolen their gold.

Wed, 05/28/2014 - 11:54 | 4802073 SWRichmond
SWRichmond's picture

China is happy to pursue their foreign policy objectives in a suppprting role, while Putin takes the heat in Europe.  China hopes for South China Sea fun to remain in the background.  Europe concerns itself with Ukraine, US concerns itself with Duck Dynasty, and China sinks Vietnamese fishing vessels and builds oil rigs.  See?  China has the money, so they get what they want while others front for them.  Kind of like banksters and Builderberg Group, while US politicians front for them.

Wed, 05/28/2014 - 12:12 | 4802142 RevRex
RevRex's picture

Obama watches Duck Dynasty?

 

More like DICK DieNasty

Wed, 05/28/2014 - 13:43 | 4802462 InjectTheVenom
InjectTheVenom's picture

he should.  he might learn something.

Wed, 05/28/2014 - 22:27 | 4804090 MontgomeryScott
MontgomeryScott's picture

They don't have television in Kenya. They DO HAVE lots of bare-breasted black women in beads, though; with lip plates and lots of naked children running around. Anne Dunham must have been a FREAK over there; what, with her white skin and such. The boys over at CIA promised her sex, and she GOT it... oh, she got it BIG and HARD...

Wed, 05/28/2014 - 12:02 | 4802102 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Thats how I read it. 

On the other hand, I've noticed that on lesser MSM type comment sections if I write something with either flair or understatement, no one seems to understand what I'm getting at.  Perhaps western politicians are as stupid as their citizens?

 

"Putin wants to store gold in a safe place... makes sense to me, but then why make a statement?  This Putin guy isn't very smart which is probably why he made the huge mistake of invading Ukraine"

Wed, 05/28/2014 - 12:06 | 4802127 john39
john39's picture

mass mind control has been pretty effective...  an entire false reality created that most americans buy into, and lack the basic reasoning skills and will power to escape.

what was that old CIA quote.... "We'll know our disinformation program is complete when everything the American public believes is false."-- William Casey, CIA Director (from first staff meeting in 1981)

Wed, 05/28/2014 - 13:55 | 4802488 Kayman
Kayman's picture

 "We'll know our disinformation program is complete when.... we believe our own bullshit."

Fixed.

Wed, 05/28/2014 - 23:14 | 4804241 StychoKiller
StychoKiller's picture

DoublePlusGood++

Wed, 05/28/2014 - 12:29 | 4802165 deflator
deflator's picture

 Putin is probably speaking to Europe because preaching to the choir in Russia and China can't change the WRC status quo without Europe getting on board.

Wed, 05/28/2014 - 23:17 | 4804256 StychoKiller
StychoKiller's picture

Or, Putin's rubbing Germany's and Austria's faces in it (and anyone else stoopid enuff to leave their Au in the USA/UK)

Wed, 05/28/2014 - 13:52 | 4802479 Kayman
Kayman's picture

"the huge mistake of invading the Ukraine"  ???

Puting shows;

Europe are a bunch of "wets"

Obama's only real response accelerates the path of reducing transactions in USD.

And Ukraine is and always will be attached (by blood) to its Russian neighbors.

Some mistake....

Wed, 05/28/2014 - 15:01 | 4802680 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Whats funny is the earlier part of my message was about people not getting what I was talking about.

 

I guess so many downvotes indicates I was trying too hard with this one.  The last paragraph was in quotes to indicate what our politicians likely think, not what I think.

Wed, 05/28/2014 - 15:12 | 4802718 kito
kito's picture

dude you have been on here for almost 4 years. grow some thick skin and stop fretting over what people think about your messages

Wed, 05/28/2014 - 23:32 | 4804301 MontgomeryScott
MontgomeryScott's picture

@ 'kito':

Have you ever understood the spy-game shorthand expression 'deep plant'?

No, I don't suppose that you have.

'Vulcans never bluff.'

'No. No, I don't suppose that they do.'

A 'dude' is one who has to walk bowlegged from so many hours on the horse that his ass has been spread open (without the actual sexual gratification that usually accompanies it). When he finally dismounts in the town he needs to get a drink to ease the pain, and the 'regulars' there (most of them starved for sex, drunk, and seeing the spread buttocks of the one who is obviously in pain), see the 'dude' as an easy sexual mark, and call him as such. They were also called 'horse-seeds', and 'girly-men', due to the way that they were forced to walk when dismounting, as well as 'pretty-boys', and all other manner of homosexual innuendo-seeking comments by the 'regulars', who were usually fat fucks in search of ANY sex because their dicks were too small to satisfy the women that they dragged out to the 'wild, wild west'.

I had to go back to the old (un-corrupted) dictionaries of the day to figure this definition out.

A 'dude' is defined, politely, as a 'bow-legged cowboy'. Would you like to know how the term 'cow-boy' was made popular? The use of the word 'boy', of course, denoted a slave; as in 'one who is not educated yet, and owned by a parent or parents', like the old Southern references to 'we consider our slaves as our children...'

NAW. I don't think you're ready. Come back when you've studied John Taylor Gatto, or G. Edward Griffin, or Major General Smedley Darlington Butler.

The 'dude' perahaps IS a 'deep plant', and you can't recognize this possibility; much less coherently respond to a simple baiting post by the 'dude'.

REALLY?

 

Wed, 05/28/2014 - 23:10 | 4804223 MontgomeryScott
MontgomeryScott's picture

WOW.

From the number of esoteric 'downvotes', I see that you must have struck a nerve or something, ForWhomTheTrollBuilds.

Either that, or western political construct citizens really ARE as stupid as their politicians. (you constructed this thought correctly, but didn't have things in the right order, and the plebes always look to the shallow end of the pool, before they dive in and hit their heads at the 5 foot mark).

I hear that the 'Duck Dynasty' 'patriarch' (well-known for duck call whistles) is going to be adressing the RNC. They're fucking KIDDING, right? NO, I wish this wasn't some kind of pedantic/adolescent JOKE.

http://www.washingtonpost.com/blogs/post-politics/wp/2014/05/27/duck-dyn...

This unshaven, illiterate, and wholly uneducated fuck is going to tell the likes of McCain and pat Robertson how to 'swing the 2014/2016 SELECTION'. YEAH. The fuck makes DUCK CALLS for hunters who have nothing better to do with their money than come down from CONNETICUT to live out their secret fantasies of SHOOTING a GUN at a BIRD. he's like the WWJD asswipe who states that "the Commandment" is to 'NUKE THE GAY WHALES FOR CHRIST'.

Have you seen the viewership percentages in the MSM, lately?

Don't worry. It has to do with Ed Snowden, you know, but the masses will forget soon (unless they see THEIR name on the soon to be released 'NSA INDIVIDUAL SURVEILLANCE LIST').

What is the 'LESSER MSM', anyway? Perhaps you might define it for us 'unwashed masses'.

.

 

 

Wed, 05/28/2014 - 12:10 | 4802139 williambanzai7
williambanzai7's picture

Wed, 05/28/2014 - 12:25 | 4802196 IridiumRebel
IridiumRebel's picture

Very telling that only two Chinese, one from a university, and no Russians will be at Build-a-Burger. Only time before gold becomes the means of trade between the two growing eastern beasts and then that chessboard becomes a war field. "Your move western powers."

Wed, 05/28/2014 - 14:05 | 4802517 alexcojones
alexcojones's picture

Iridium: "Build-a-Burger" was going to be a chain of franchises a friend wanted to start. I suggested an Illuminati Burger, with all GMO ingredients, and a New World Order burger with the "Works."  

It would be a wonderful franchise, with the first burger outlet opening in Newtown, CT.

Suzzane Collins, author of the Hunger Games, who lives in Newtown, would be our spokesmodel.

AC not PC

Wed, 05/28/2014 - 14:27 | 4802578 IridiumRebel
IridiumRebel's picture

Been to Newtown hundreds of times as I used to live in Fairfield but moved last year cuz the state sucks. Here are some menu options:
The Goldman
DimonBurger
The Forbes Quarter Pounder
Obama Black Bean Burger
The Yellen Melt
Bernanke Salmon Burger
MIChicken Sammich

All sandwiches served with Freedom Fries and 78 oz coke; we donate a dollar from every meal to give to the Juvenile Diabetes Fund!

Wed, 05/28/2014 - 15:05 | 4802696 Pie rre
Pie rre's picture

Oh my god they're going to see the big board.

Wed, 05/28/2014 - 13:03 | 4802302 cowdiddly
cowdiddly's picture

Now that is a POKER FACE.  lol Banzai

But I still like this one better:

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/27_Go...

And if that don't make you want to go all in you can't be helped.

Wed, 05/28/2014 - 13:17 | 4802363 Reptil
Reptil's picture

that is cheating!

Wed, 05/28/2014 - 14:22 | 4802566 BlindMonkey
BlindMonkey's picture

4chan's avatar would be cheating.  This is just, entertainment.

Wed, 05/28/2014 - 15:46 | 4802825 Davos
Davos's picture

If its entertaining, its entertainment!

Wed, 05/28/2014 - 14:58 | 4802674 WmMcK
WmMcK's picture

Nice watch, and the pendula aren't bad either!

Wed, 05/28/2014 - 15:43 | 4802819 mademesmile
mademesmile's picture

Good, but where's the pigeon?

Thu, 05/29/2014 - 00:11 | 4804383 MontgomeryScott
MontgomeryScott's picture

Charlton Heston, 'Beneath The Planet Of The Apes', final sequence. 'The countdown cannot be stopped after the final command is entered. Awaiting final command.'

Did you ever see the one where Scotty had to give the final countdown sequence prompt by stating the numeric code, and then the Starship Enterprise was headed for self-destruction?

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

 

The hoodies where all WHITE, though!

Bollywood ALWAYS told us that Black was REALLY White (and the Moon was just the Sun at night). Didn't you believe them?

"BILDERBERG 51".

I'm declaring a code '5150', Moonbase Alpha! TEN-FOUR, 'Adam-12.'

 

Fucking crazy bastards, but if that what it takes, then so be it.

Computer, this is Lt. Commander Montgomery Scott. Mr. Spock is a zionist pussy, and Kirk is a glorified twat.

I HOLD the power, by my rank as chief engineering officer, and I HAVE the POWER that needs to be carefully controlled; or unleashed, at MY COMMAND. Too bad I am a complacent sheople who is watching Oprah instead of paying FUCKING attention, like I should be...

WE, the mind-fucked and womanized SHEOPLE, do hereby declare that if you DON'T QUIT BOTHERING US WITH YOUR RADICAL, RAYSISS PIKTURES, WE will throw a HISSY FIT and call you NAMES, like 'POLITICALLY INCORRECT' and stuff, BEKAUZE you're an ARIAN (oops, I mean, 'ASIAN'! HEY, they BOTH start with an 'A', and they BOTH denote the national socialist parties that 'WE' so boldly fought, in the Banker War II!).

(Did you notice the sarcasm?)

 

 

 

Wed, 05/28/2014 - 12:20 | 4802176 Kirk2NCC1701
Kirk2NCC1701's picture

Kirk's Rules of Investment Basics:

1. "Where the Rule of Law applies (peace & justice), Possession is 9/10 of the Law.  Investors look for an Return On Investment."

2. "Where the Law of Rule applies (chaos or dictatorship), Possession is 10/10 of the Law.  Investors look for Return Of Investment."

3. Figure out what times and conditions you live in for your investment timeline (duration), and then plan, invest and act accordingly.

p.s. Gold/PM bullion plays a role in both 1 and 2, but especially in 2.

Wed, 05/28/2014 - 12:42 | 4802260 dontgoforit
dontgoforit's picture

Gold beam me up, Kirk - I agree with you.

Wed, 05/28/2014 - 14:57 | 4802667 WmMcK
WmMcK's picture

Did you, Kirk, ever meet the Ferengi?

Thu, 05/29/2014 - 00:20 | 4804407 MontgomeryScott
MontgomeryScott's picture

The Ferengi Rules Of Aquisition:

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

I had to study these before being allowed to study Zephram Cochran's class on Warp Drive Theoretics, in junior college.

Rule of Aquisition number 112: Never have sex with the boss's sister.

 

Wed, 05/28/2014 - 12:27 | 4802206 Confundido
Confundido's picture

It won't happen. If so called democratic countries don't use gold, but credit as money, dictatorial countries have even less to win from adopting gold. And there is no motive for China to reveal its reserves, when it can still purchase at these bargain prices. In fact, I would be surprised if it wasn't same China behind these accidental slam downs at 8:17am...

Wed, 05/28/2014 - 12:36 | 4802235 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

One of things Im looking forward to even more than discovering the price of gold in cash and carry markets after the COMEX closes is the stories we will hear about these times.

Not only are we garaunteed to find out that the topic of Gold was absolutely front and center at meetings attended by the loudest mouths of the "gold is not money" persuasion, but I predict that the behind-the-scenes antics will be much larger than even the goldbugs were expecting.

Wed, 05/28/2014 - 11:47 | 4802036 RockRiver
RockRiver's picture

I think it's important to protect mine too....

 

Kinda obvious, no?

Wed, 05/28/2014 - 11:58 | 4802088 Dr. Richard Head
Dr. Richard Head's picture

I was traveling down the river to a spot where I couild protect mine, but then the canoe accident happened.

Wed, 05/28/2014 - 11:48 | 4802040 Cognitive Dissonance
Cognitive Dissonance's picture

But....but...but Gold is useless as 'money'. Greenspan said so....when he became Fed printer-in-chief. He sang a different tune before.

<"We are all corruptible. All that matters is price." - Satan>

Wed, 05/28/2014 - 11:50 | 4802051 john39
john39's picture

they would like you to believe that...  but some will not ever cross over to the dark side.

Wed, 05/28/2014 - 12:02 | 4802106 Dr. Richard Head
Dr. Richard Head's picture

I would like to attest to that.  I worked in the mortgage industry for a short two months and left a $20K paycheck on the table.  Once my first deal closed and I saw the bait and switch tactics of a 30 year fixed to a 228 at closing, I immediately quit.  Making money is one thing, fucking people over is another.

Wed, 05/28/2014 - 12:09 | 4802134 john39
john39's picture

crazy isn't it that the world is basically set up to punish doing the right thing...

Wed, 05/28/2014 - 12:27 | 4802208 X-defiler
X-defiler's picture

God will leave us for a time and then the real insanity will insue. 

Wed, 05/28/2014 - 13:32 | 4802428 Ignatius
Ignatius's picture

"crazy isn't it that the world is basically set up to punish doing the right thing..."

They're called rackets.  Beats workin' if your conscience allows knee-cappin' people.

Wed, 05/28/2014 - 13:59 | 4802501 shovelhead
shovelhead's picture

Anyone who doubts that has never loaned money to an in-law.

Wed, 05/28/2014 - 15:16 | 4802734 Liquid Courage
Liquid Courage's picture

Crazy, yes ... but not surprising.

Wed, 05/28/2014 - 13:34 | 4802430 TheReplacement
TheReplacement's picture

Am not in the mortgage biz.  What is a 228?

Wed, 05/28/2014 - 14:06 | 4802519 Nobody Important
Nobody Important's picture

Was wondering the same thing. One things for sure, NEVER TRUST BANKS or MORTGAGE COMPANIES!

 

Wed, 05/28/2014 - 14:27 | 4802579 Agstacker
Wed, 05/28/2014 - 22:55 | 4804176 TheReplacement
TheReplacement's picture

Danke

Wed, 05/28/2014 - 14:55 | 4802656 WmMcK
WmMcK's picture

Sort of like a 5/1, but worse.  In this case, ignorance is truly bliss (and blessed).  There are better ways to make money than cheating others with loans like this.  If only arbing Ag was more acceptable (than pushing ARM's) ...

Wed, 05/28/2014 - 14:12 | 4802525 Boxed Merlot
Boxed Merlot's picture

but some will not ever cross over to the dark side...

 

I'd like to think I won't be caught there, but for sure, we've all crossed at some time or other.  And quite regularly too, I might add.

To say otherwise would deny the reason the King of the Jews allowed their Roman Kaiser's lackey to murder Him.

 

jmo.

Wed, 05/28/2014 - 11:53 | 4802067 LawsofPhysics
LawsofPhysics's picture

Priced in what exactly?

Someone get Satan on the horn, stat.

Wed, 05/28/2014 - 12:13 | 4802150 zerozulu
zerozulu's picture

How many barrels of oil per ounce of gold.

Thu, 05/29/2014 - 00:31 | 4804434 MontgomeryScott
MontgomeryScott's picture

What's the current price of oil, snd how does it sffix to the last honest unfucked price of gold in USD?

USD as about $20, last time, and oil sits at about $97 currently, as I remember.

The conversion would be $5 per barrel, as I recollect.

 

Thu, 05/29/2014 - 00:34 | 4804440 MontgomeryScott
MontgomeryScott's picture

In the end, the survival rate for everyone drops to ZERO.

http://www.youtube.com/watch?v=euBzxXFEuA4

Naturally, I can take my gold with me when I die.

I CAN'T? REALLY?

Wed, 05/28/2014 - 12:31 | 4802222 Kirk2NCC1701
Kirk2NCC1701's picture

Gold is an ABSOLUTE Reference Frame for currency. It is not subject to deception, manipulation or fraud.

All fiat is a local or relative reference frame for currency.  It is subject to all sorts of deception, manipulation and fraud.

Now you know why the Fed-led cartel of Central Banksters hates gold and loves fiat.

p.s. Fuck Greedspan, Bernanke, Yellen and their lying, deceiving, thieving, scamming and murderous ilk!  Their War Crimes against Humanity are boundless.  Roll the MFing guillotines already!

Wed, 05/28/2014 - 11:49 | 4802046 buzzsaw99
buzzsaw99's picture

it would make sense for the two nations to settle their trading in gold

Wed, 05/28/2014 - 12:17 | 4802162 Winston of Oceania
Winston of Oceania's picture

Europe is set to inflate their currency next while the US tightens. The dorrar will rise and gold will fall (in dollar terms) leaving Putin and China to carry it all... They have both now stepped into the trap. You stupid humps are not up against Obumbles, you are up against the MIC. It does not bode well for RussChina.

Wed, 05/28/2014 - 12:36 | 4802229 OceanX
OceanX's picture

I'm pretty sure the Russians and the Chinese now what they are getting into...

Thu, 05/29/2014 - 00:53 | 4804461 MontgomeryScott
MontgomeryScott's picture

We have ALWAYS been at war with OCEANIA.

SHIT.

We have ALWAYS been at war with EASTASIA.

The Russians and the Chinese NOW (know) what they are getting 'in to'.

http://www.pentagonchannel.mil/Video.aspx?videoid=338557&videotag=&video...

Peter Frampton was a mind-controlled MKULTRA HOLLYWOOD FAGGOT, and he released some 'girly-boi' song close to the same MEME as this comment that I respond to (spelling errors and all).

I'M in YOU:

http://www.youtube.com/watch?v=EH0dq02TOPQ

Yeah, it's close to reality.

Either the Russo-Chinese alliance KNOWS what is happeneing and is actively seeking to control the game, or they DON'T. There is NO 'namby-pamby' 'I'm pretty sure' ground.

MAYBE I should sent Putin and 'whateverchinaname this current 5-year-plan session' this video, instead.

 

 

Wed, 05/28/2014 - 15:23 | 4802743 silverserfer
silverserfer's picture

"While the US tightens", that is rich. Once a blown out old whore ALWAYS a bown out old whore. There is no tightening after 3 QE babies.

Oh and Russia and China aren't buying GLD! They are buying mine production. You been sniffing around Krugman's underwear drawer?

Thu, 05/29/2014 - 01:08 | 4804489 MontgomeryScott
MontgomeryScott's picture

Joe Satriani:' Surfing With The Alien'!

http://www.youtube.com/watch?v=uoERl34Ld00

A rose, by any other name, would smell as sweet (in a pile of shit).

A 'QE' is like a sretched anus, worked over again and again in the world of pornography. Once tight and blossoming like a rosebud, this 'QE' has been used to the point of distention and ultimate loss of bowel control. What comes out of it, from now on, isn't exactly 'desirable'.

 

 

 

Wed, 05/28/2014 - 11:58 | 4802049 Calculus99
Calculus99's picture

They're selling it cheap in London and even cheaper, after the obligatory 8am smackdown, on Wall Street comrade!

I'd take big advantage of that if I were you.

PS. London is where the dirty money prefers to hang out, they'd probably do a cash deal for ya.

Wed, 05/28/2014 - 11:50 | 4802050 disabledvet
disabledvet's picture

You might want to start by ensuring the security of your country first.

Napoleons Army was starving and broke (and so was he...and so was France) until he took all of Northern Italy.

Thu, 05/29/2014 - 01:15 | 4804500 MontgomeryScott
MontgomeryScott's picture

I must have missed the point at which Napoleon died.

'Able Was I, Ere I Saw Elba'.

They like to call this a 'palindrome' (a thing where the spelling is the same forwards as well as backwards).

Napoleon was 'credited' for this. Before he DIED, I mean.

 

 

Wed, 05/28/2014 - 11:50 | 4802052 pound the vix
pound the vix's picture

He's going to be pissed when he finds out JPM loaned all his gold out

Wed, 05/28/2014 - 11:52 | 4802058 Son of Captain Nemo
Son of Captain Nemo's picture

How do you make a Zionist Yid moan?

Wed, 05/28/2014 - 11:54 | 4802075 maskone909
maskone909's picture

reconsolidate your loan at o% interest, and then pay it off.

Wed, 05/28/2014 - 12:37 | 4802231 Kirk2NCC1701
Kirk2NCC1701's picture

I answer the question with a question:  How do you make a whore moan*?  A:  Don't pay her.

* Sounds like "hormone".  Old high school joke from biology class.

Wed, 05/28/2014 - 13:14 | 4802351 DanDaley
DanDaley's picture

You can lead a whore-to-culture (horticulture) but you can't make her like it.

Thu, 05/29/2014 - 01:29 | 4804525 MontgomeryScott
MontgomeryScott's picture

I knew some girls in High School. I took 'biology' classes', as well.

Some of the girls I KNEW in Biology Classes in High School were rather loud, as well.

I wouldn't call them 'whores', though, and their cries weren't exactly 'moans' (like, as in, 'pain').

HOW DO YOU MAKE A WHORE MOAN?

PULL OUT WHEN SHE'S GETTING HOT!

 

 

Wed, 05/28/2014 - 14:47 | 4802632 WmMcK
WmMcK's picture

I only know that their favorite w(h)ine is:

"I want to be in Miami".

Thu, 05/29/2014 - 01:18 | 4804504 MontgomeryScott
MontgomeryScott's picture

"I wanna go to Palm Springs!"

Wed, 05/28/2014 - 11:51 | 4802060 maskone909
maskone909's picture

word of advice

dont store that shit off liberty st

Wed, 05/28/2014 - 11:52 | 4802061 alentia
alentia's picture

The deal is to secure Putin's legacy and "unfreedom" in Russia. In the race to ideals of North Korea, between US, Russia, there is sudden new player Belorussia, just implemented serfdom for its farmers.

Wed, 05/28/2014 - 16:12 | 4802898 tenpanhandle
tenpanhandle's picture

lotta serfers here in the US already.  Maybe > than 75%.  Belorussia better get a move on it.  By the way, how do you enjoy your role as a smurf I mean serf?

Wed, 05/28/2014 - 11:53 | 4802065 russwinter
russwinter's picture

Putin with his KGB background knows the real story of empty western gold vaults. 

European Skeptics arrive on the scene. http://winteractionables.com/?p=11980

Wed, 05/28/2014 - 12:00 | 4802098 Son of Captain Nemo
Son of Captain Nemo's picture

Putin with his KGB background knows the real story of empty western gold vaults.

He also knows how the "other side" uses very dangerous life-threatening material(s) for "exotic" unimaginable purposes that nobody else will furnish details about...

Thanks for another excellent read Russ.

 

 

Wed, 05/28/2014 - 13:00 | 4802312 russwinter
russwinter's picture

I think your first article link nails what happened to the WTC on 9/11:

http://www.veteranstoday.com/2014/05/20/too-classified-to-publish-bush-n...

Only a 2 kiloton device was needed to drop the buildings. A 2 kiloton device will produce a fireball of apx 150 to 200 feet in diameter at over 4000 degrees Centigrade. Just large enough to melt the I beams of the central core of the building and drop them in place. The light flash would last less than 1 second and primarily be in the UV light range. Overpressure would only be at 60PSI max and directed upwards with the blast. See underground effect.

Fallout would be minimal and located to within ground zero range only. Radiation would drop to acceptable levels within 72 hrs. after the blast. Most fall out was trapped in the cement dust thus causing all of the recent cancer deaths that we are now seeing in NYC amongst first responders. 

Wed, 05/28/2014 - 13:20 | 4802375 john39
john39's picture

The Russians first put forward the nuclear demolition theory with respect to 911, and i agree with them.  all the evidence is there if you look...  the cancer epidemic in first responders, the melted steel... the melted rock under the buildings... the underground fire that burned for months... the efforts to hide radiation issues, and most importantly, the way the buildings collapased.  an underground nuke sends a pulverizing wave through physical materials, not a shock wave like an above ground detonation.   it all adds up.

Wed, 05/28/2014 - 11:53 | 4802069 FieldingMellish
FieldingMellish's picture

"Safe as the Bank of England.".... oh

"Safe as all the gold in Ft. Knox." .... oh

Physical possession is 9/10ths of the law. A gun is the other 1/10th.

Wed, 05/28/2014 - 12:29 | 4802213 aphlaque_duck
aphlaque_duck's picture

They could just keep it on the ISS.

Wed, 05/28/2014 - 12:39 | 4802242 daedon
daedon's picture

Did you mean as safe as all the tungsten in Ft. Knox ?

Wed, 05/28/2014 - 12:04 | 4802079 Dr. Engali
Dr. Engali's picture

Since the U.S and the western powers have a history of liberating people from the heavy burden of their gold and oil, Putin is wise to be concerned.

Wed, 05/28/2014 - 12:43 | 4802265 Kirk2NCC1701
Kirk2NCC1701's picture

That's because they realize that sound currency is valued in Precious Assets[1] and safeguarded by Precious Force[2].

[1] PM + Precious Energy

[2] Large military with ABC (Atomic, Biological, Chemical) weapons

Questions?  Kirk out.

Wed, 05/28/2014 - 14:06 | 4802524 Kayman
Kayman's picture

"Since the U.S and the western powers have a history of liberating people from the heavy burden of their gold and oil, Putin is wise to be concerned."

Russia plays an exponential game of Hannibals law.  Ask the Nazis. Russia has never feared spilling Russian blood to extract the blood of an enemy.

Wed, 05/28/2014 - 11:56 | 4802081 dressguard
dressguard's picture

Gold is backed by nothing!!!

Well, maybe except by Russian Topols and Chinese DF-5s. Damn. We are doomed!

Wed, 05/28/2014 - 12:48 | 4802274 Kirk2NCC1701
Kirk2NCC1701's picture

Try this paradigm shift:  Gold is gold.  Gold does not need 'backing'.  It needs 'safeguarding'.

Wed, 05/28/2014 - 14:44 | 4802625 WmMcK
WmMcK's picture

I think that was a video reference.

http://www.youtube.com/watch?v=ZLL2r3hXmjA

Wed, 05/28/2014 - 14:53 | 4802653 CHX
CHX's picture

+1 -  That's it, the dumbest MSM cun+. Thanks for digging this up, now I have it bookmarked for future reference and humor.

Wed, 05/28/2014 - 11:57 | 4802085 dsty
dsty's picture

Count Vlad going for the external jugular

 

Wed, 05/28/2014 - 11:57 | 4802089 Colonel Klink
Colonel Klink's picture

We're so Obama'd!

Wed, 05/28/2014 - 12:07 | 4802131 CHX
CHX's picture

B.O.-ed, that is.

Wed, 05/28/2014 - 11:59 | 4802096 Chupacabra-322
Chupacabra-322's picture

Let's see, $400 Billion Dollar Gazprom deal. GOLD Reserves. Death of the Petro Dollar.

= Game, Set, Match.

Next up. WWIII.

Wed, 05/28/2014 - 12:17 | 4802161 john39
john39's picture

and good look using little shitty proxy armies to take on Russia or China...  these NWO tools couldn't even finish off Syria with murder thug merc armies...

Wed, 05/28/2014 - 12:01 | 4802104 Tinky
Tinky's picture

The dissonance between what is really happening in the world and the paper markets is becoming extraordinarily pronounced. So, on behalf of LawsofPhysics, let me say:

tick-tock motherfuckers 

Wed, 05/28/2014 - 14:41 | 4802617 WmMcK
WmMcK's picture

From your mouth to <God's/Allah's> ear.

Wed, 05/28/2014 - 12:01 | 4802105 orangegeek
orangegeek's picture

USD is up, gold is down.  Good thinking Putin - keep up the good work.

Wed, 05/28/2014 - 12:14 | 4802147 Obamanism
Obamanism's picture

Well I think Mr Putin understands the Price is low so good time to Buy. Mr Putin will then sell 85% of the US currency reserves and Treasury's to buy more gold. Dollar down

Wed, 05/28/2014 - 12:19 | 4802175 Took Red Pill
Took Red Pill's picture

No, Belgium will buy it up

Wed, 05/28/2014 - 12:05 | 4802120 SpanishGoop
SpanishGoop's picture

Putin to all those nations that stored gold abroad (US/UK/France).

http://www.youtube.com/watch?v=rX7wtNOkuHo&feature=kp

 

Wed, 05/28/2014 - 12:14 | 4802153 AdmTirpitz
AdmTirpitz's picture
  1. Short and to the point
Wed, 05/28/2014 - 12:05 | 4802125 Q-Q-Q
Q-Q-Q's picture

In other words......"the Western physical supply has completely dried up and those with custodial gold in storage might want to request an audit"

 

It sounds like because Russia/China unable to get anymore physical it's now safe to tell the Western bank secret. Oh dear, this will make the origami gold gods angry!

Wed, 05/28/2014 - 12:06 | 4802128 Obamanism
Obamanism's picture

This will make the wise people turn their Federal Reserve notes into precious metals. Putin has now signal the run on gold.

The price of precious metals will fall to try and make Putin look Foolish, the MSM talking heads will then bad mouth gold drive it down even further.

Once Austria finds there is no Gold in the BoE that will really start the gold rush

I am waiting 1-2weeks then buy as much gold as possible.

 

Wed, 05/28/2014 - 12:10 | 4802137 F0ster
F0ster's picture

This could be the setting up of the mother of all 'margin calls'... Gold bullion

Wed, 05/28/2014 - 12:11 | 4802141 yogibear
yogibear's picture

"So he's not going to store them at the NY Fed?"

Might as well as say, "It's gone!"  when it comes to the US Federal Reserve.

They fractionally reserve everything.

Wed, 05/28/2014 - 12:15 | 4802156 freedom5000
freedom5000's picture

That means all chinese and russia gold will be on airplanes out of NY and Switzerland to russia and china!!

 

Excellent move. this is shorten the time it takes to crash the banks!

Wed, 05/28/2014 - 12:24 | 4802190 jomama
jomama's picture

should be good for at least a 2% slam down in paper price.

Wed, 05/28/2014 - 12:27 | 4802204 Youri Carma
Youri Carma's picture
Malca-Amit Opens 2000 Tonnes Gold Vault In Shanghai https://www.youtube.com/watch?v=g6fQOQtczpM

Of course we want to be sure that gold is traded for real American poppies but the banks will see to that.

Afghanistan Mission Accomplished – World’s Heroin Dealers Agree http://www.zerohedge.com/news/2014-05-27/americas-job-done-afghanistan

Wed, 05/28/2014 - 12:27 | 4802207 Space Animatoltipap
Space Animatoltipap's picture

Putin's monetary plans and Russia's gold are nicely protected by a big number of nuclear warheads. Unlike Khaddafi's monetary plans and Libya's gold at the time.

Wed, 05/28/2014 - 12:41 | 4802255 maneco
maneco's picture

Thanks to Bill Murphy and Chris Powell of GATA President Putin knows that the BIS and its clients (Fed/BoE/BoJ/ECB) manipulate the gold market by leasing gold to the bullion banks and that the bullion banks hypothecate it many times over on the LBMA/London. From GATA: "A year later, in August 2005, Andrey Bykov, an economics adviser to the Russian president, Vladimir Putin, attended GATA's international conference in Dawson City, Yukon Territory, at which the gold carry trade was a primary subject. We can't prove it but we suspect that it was at this point that the Russians understood that most of their central bank's gold had been deposited in London and leased out as part of the gold price suppression scheme, which served to suppress commodity prices generally and cheat commodity countries like Russia"

http://www.gata.org/node/6519

Wed, 05/28/2014 - 12:49 | 4802276 agstacks
agstacks's picture

"Bill Murphy and Chirs Powell are traitors that have aided our enemies."

-MICain

 

Wed, 05/28/2014 - 12:42 | 4802257 observer007
observer007's picture

Topic Ukraine:

 

OFFICIAL BILDERBERG 2014 MEMBERSHIP LIST RELEASED

Full list here:

http://homment.com/fgGtWkcSUt

Wed, 05/28/2014 - 12:43 | 4802266 agstacks
agstacks's picture

Does the NYFed hold any Russian or Chinese gold?

Wed, 05/28/2014 - 14:27 | 4802583 BlindMonkey
BlindMonkey's picture

If that is the stuff that doesn't have the copper tint to it I don't think so.

Wed, 05/28/2014 - 12:46 | 4802271 Joe Tierney
Joe Tierney's picture

Well, "safety" as far as one's gold and currency reserves is not merely its physical location - it also entails adjusting the composition to ensure that as the dollar fades (or crashes) that one's reserves are largely immunized against the negative effects.

 

We all know that when the dollar crashes it's going to destroy, not only the purchasing power of the dollar, but it's also going to severely disrupt global confidence in all fiat currencies. But if some currencies backed by gold and perhaps other hard assets (oil, minerals, etc) emerged soon, then these would act like rocks in a sea of mud, and attract global investors. And when the dollar does crash, no one's going to be interested in pricing commodities (read hard assets) of any kind in the dollar - they will rather want to switch to something much more stable - like asset-backed rubles and yuan. We all know who that will usher firmly into the global driver's seat, financially, economically and geopolitically speaking.

 

So I think Putin's statement carries far more meaning that it might appear to on the surface. These guys are discussing and planning for the dollar demise, and positioning themselves to massively capitalize upon it.

 

Wed, 05/28/2014 - 12:54 | 4802295 Space Animatoltipap
Space Animatoltipap's picture

I may perhaps force the NY/London international socialists to come up with some gold backed $. After a bank holiday ...

Wed, 05/28/2014 - 13:56 | 4802485 Omen IV
Omen IV's picture

all that is true but i think it is more than that - the moves in the last three weeks by Putin in the east Ukraine says to me something else happened - the tone dramatically changed AND kerry bombast changed as well

what happened? 

I think Putin is signalling to the world they were going to steal what ever bank balances he had in the west - - all Obama had to do was to steal it and say there are accounting differences propaganda and Putin is wrong or crazy or say damages for east ukraine are $2 trillion and foreclose on the balances - either way - he is signalling control of the gold physical and bank balances are key to first step for safety  - even to the point of long term exposure for Crimea being surrounded and NATO at his door   - and then coming back for relook at East Ukraine in the future

i think he is securing his money and -   with china as well  - probably many more will follow and look at this as sea change - everywhere people will be getting their gold and rolling out of dollars

if the US can steal it or commit fraud - would they?

absofuckinlutely!!!

Wed, 05/28/2014 - 12:49 | 4802278 SmittyinLA
SmittyinLA's picture

Stretegically at this point they shouldn't ask for their gold reserves back, that would instantly drive up prices, first they have to take advantage of the money changers feeble attempt to crush gold prices and buy up as much gold and assets*as they can with the west's fiat.

Russia doesn't need to buy gold ever, they have vast gold reserves and can always trade energy for gold as long as gold mining is economical for Russia, and free energy makes mining economical no matter how cheap gold is. 

Wed, 05/28/2014 - 12:51 | 4802283 toadold
toadold's picture

      Putin just gave the cat a laxative and turpentined its behind before he threw it into the Western banker's car and shut the door on it,  just before the banker was getting ready to try and pickup someone to screw.

 "I ain't getting in that cat poop smelling car with yo crazy ass."

Wed, 05/28/2014 - 13:00 | 4802311 the not so migh...
the not so mighty maximiza's picture

Putin,  I guess you did not hear our holy majesty and his Excellency Obama tell you there would be consequences. 

 

 

Wed, 05/28/2014 - 13:03 | 4802321 RaceToTheBottom
RaceToTheBottom's picture

I was cooking the other day and grabbed a hot skillet barehanded.  I knew it was going to be a bad burn, so ran upstairs and lathered on my silver cream and removed any possibility of a burn. It was as if I had no burn whatsoever.

 

Silver is no relic, it will always have uses

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