On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges
On Christmas Day, 2015, we told our readers the fascinating tale about the Turkish-Iranian gold smuggling ring - perhaps the biggest and most brazen in history, one which lasted for years, which saw billions in gold transported out of Turkey and into Iran to allow Tehran to circumvent the western financial sanctions using gold as a medium for bater, and which was all made possible thanks to the tiny Emirate of Dubai.
What made this particular instance of gold smuggling especially memorable is that it reached to the very political top in both Turkey, and Iran, and Dubai.
However, while the broad framework of Turkey's exporting of gold to Iran, initially directly and then via Dubai, had been already in the public domain, Zero Hedge first revealed the man, or rather people, who made it all possible: the Dubai gold "trading" company of Gold.A.E. - is a subsidiary of Gold Holdings Ltd, a company which is owned by SBK Business Holdings and Abu Dhabi's second in command, the son and avisor to the ruler of Abu Dhabi, Sheik Sultan bin khalifah Al Nahyan.
The reason why Gold.A.E. suddenly, and very dramatically, emerged on the global arena is because as we first reported a week ago, the company's "new" management team admitted that after many months of "inquiries", it had discovered that not only had the "old" management, led by the now former CEO of Gold A.E., Mohammad Abu Alhaj disappeared, but that all the money - and gold - held at Gold.A.E. which once again was primarily a "trading" front for the Turkish-Dubai-Iran gold smuggling triangle, had been stolen.
Here, for those who missed it the first time, is the letter that Gold.A.E.'s stunned clients received in late December:
Dear Client
A group of minority shareholders of GOLD HOLDING suspected that there were questionable financial transactions being undertaken in Gold AE DMCC ("the Company"). Acting on these suspicions they initiated internal investigations. During the course of the investigations the entire then management team abruptly resigned with no notice. Since the majority shareholders also seemed to be unavailable, the minority shareholders did not accept this resignation. However, these persons went to DMCC, submitted their resignations and managed to get their visas cancelled.
Following this, in august 2015, Mr. Andre Gauthier has been appointed as the manager of the Company so that investigations continued and once completed necessary action can be taken to secure the interests of the clients and shareholders of the company. His appointment took effect from August 9 ,2015 . When he took over, new management realized that he now had access to more information concerning the activities of the previous management and, he realized that there had been substantial withdrawals from the company's account to the personal accounts of some of the management and the majority shareholders.
Management has also uncovered information with respect to the existence of a bank account with Arab Bank (Switzerland) Ltd in Switzerland in the name of the Company. An attempt has been made to approach this bank but, since none of the current management or minority shareholders are signatories to the account and, due to the stringent Swiss banking laws and regulations regarding confidentiality, no additional information or access has been provided by the bank.
In order to try and secure/recover monies that had been taken out of the accounts of the company, Mr. Gauthier in his capacity as manager has filed various cases as against the recipients of the funds from the Company (Dubai Police ( Bur Dubai Police Station), Case No: 24378). The minority shareholders are doing everything within their powers to support him in his efforts to recover these monies that were withdrawn from Gold AE in questionable circumstances.
DMCC has alleged that some of these activities undertaken by the previous management are in breach of DMCC's rules and as such they have taken the decision to terminate the license of the Company. We are working closely with DMCC to find a solution and in the meanwhile, we request that you bear with us. In the meanwhile, as a statutory consequence of the license being terminated, the trading platform of the Company has to shut down as of the date of termination of the license which is 24th November 2015.
We trust the forgoing is of assistance.
Sincerely,
On behalf of GOLD AE MANAGEMENT
Or, as we said a week ago, one can summarize the letter above by loosely paraphrasing South Park's infamous episode: "aaaannd it's gone. The gold is all gone."
In a follow up article, "The Mystery Of Dubai's Vaporized Gold: The Plot Thickens", we presented readers with the version of events as laid out by the local press, in this case Arabian Business, which tried to assign responsibility for the theft, while in the process exonerating SBK Holdings and its billionaire owner - one of the most important people in the United Arab Amirates - and "washing" their hands of any accountability.
Recall, "the rush to make sure any link between the criminal Gold.AE and its parent, SBK Holdings-owned Gold Holding is immediately severed. A spokesperson for the DIFC said: "We wish to make it clear that although Gold AE is a subsidiary of M/s Gold Holding, which is a DIFC-based holding company, Gold AE and M/s Gold Holding Ltd are two separate entities."
"We wish also to clarify that M/s Gold Holding Ltd is, to our knowledge, not involved in any trading operations, client-facing business affecting clients of Gold AE or the provision of any financial services. Accordingly, it is not regulated by the Dubai Financial Services Authority."
But was Gold Holding involved in the smuggling of billions in gold out of Turkey and into Iran? And then, back to Mohamed Abu Alhaj, who just a year ago was the widely respected CEO of Gold AE.
When Arabian Business emailed the public inquiries email address for Gold Holding, info@goldholding.com, it received a reply from Mohammad Abdel Khaleq Abu Al Haj, who is a member of Gold AE’s previous management team facing allegations of fraud.
Al Haj insisted in his email that Gold AE’s existing management team were responsible for the alleged fraudulent activity. He also claimed that requests by him for meetings with shareholders to discuss management issues had been refused.
In short: one side saying the other is guilty, the other side responding identically, blaming the first side. Meanwhile the money - and gold - of the clients of this company, perhaps the most important gold holding company in the Persian Gulf, has been stolen.
* * *
So while we continue to dig into the mystery of Dubai's stolen gold, one which has received absolutely no mention in the western press - in fact the only reason anyone mentioned Dubai in recent months was the dramatic burning of The Address hotel on New Year's Eve (as covered here), we got the following curious email from a former client of the company; a client whose gold is now all gone.
I'm a client of Gold.ae and live in JLT, just a short distance from where the company had their office in Saba 1 Tower, Cluster E, so I was able to carry out reasonable due diligence (for this country) prior to making any investments in PM's. I understood that Gold.ae was under the patronage of the Dubai Royal Family and had received several awards in the UAE prior to my personal involvement. Of course there was absolutely nothing to suspect any wrongdoing at this time, in fact the contrary would be true.
I did not trade with the company in the traditional sense of short term buying and selling but invested in Gold and Silver over a period of time with the view of holding for the long term. I was comfortable with this because the PM's were stored in the vault in Almas Tower (Almas meaning diamond in Arabic) under the guidance of DMCC. This vault was said to be the most secure in the region. My personal investment / loss is in the region of $[redacted].
The first I heard about the recent failing of the company was on the 23rd of December, I did not receive the earlier email dated 16th December. The company made no attempt to contact me prior to that. I have however since been in regular contact with a senior manager, my 'source' who now works out of the Gold Holding office in DIFC. He has been very helpful in passing on information and has given me the contact number of Mr. Andre Gauthier, the new CEO. Interestingly, since you published your recent article he has stopped answering his mobile. Maybe you would like to try and speak with him on our behalf, his mobile number is: 00971 50 [redacted]. You may have more luck speaking with him than the clients suffering large losses!
And here is the punchline from our source's letter:
My source has told me that he now understands that the company knew something was terribly wrong in the March - May period of this year, but it took until December for the company to notify their clients. One has to ask why nothing was done during this timeframe? My source has informed me the main individuals responsible for this are; Mohammed Abu Al Haj, Chairman and founder, Mohammed Ebdah, COO, Mohammed Adnan Younis, Sales Director and Rania, Board member. I've been told all involved are Jordanian, however, one has a Canadian passport, one has a US passport. As you know the management team conveniently resigned their positions and DMCC accepted to cancel their visas. Two of them have since set up separate companies in the UAE.
Yes, the story in which the former management team is scapegoated has been previously reported, but the main question, as our source on the ground asks, is why the all important, Gold Holdings - a company embedded into the political oligarchy of Dubai, and thus of the Persian Gulf - waited seven months before alerting clients that all their funds had disappeared. Even MF Global had just a few days to inform its clients it had gone bankrupt and thousands of small commodity traders had been Corzined.
Because as hard as we try to believe that the person whose task was to break into the Turkish market (and then Russian as we will show shortly), all signs point to the holding company as being instrumental in the vaporization of Dubai's gold.
According to a recent Gold Holdings presentation we have exclusively obtained, Gold Holdings was quite eager to disclose its desire to become the leading and most important gold company in the Persian Gulf, "A new integrated Gold and silver investment vehicle", one which covered everything from mining, to processing, to refining, to trading, to distribution, to jewelry.
This is what the October 2014 presentation boasted about Gold Holding's ambitions - nothing short of global gold commerce dominance:
- To be a premier precious metals investment vehicle, physical.
- To provide shareholders with high quality, long-term exposure to precious metals.
- To offer mine owners an attractive alternative to debt or equity.
- To be a significant and Reliable trader of Gold and Silver
Here is a map showing the tentacles of Gold Holding: note the core presence in Turkey.
The company's Org Chart is extensive, and clearly discloses the infamous Gold A.E., which curiously is shown as registered for trading not only in Dubai, but in... Shanghai? As for the distribution network, it clearly reaches all key regional money centers, and yet Iran is oddly missing...
Here is another Gold Holding chart showing where according to the old management team the risk lay; not surprisingly the biggest risk - that of corporate fraud and embezzlement - was at the Trading level, where the risk was supposed to be the lowest. Oops.
The final slide we want to bring attention to is the one laying out the Board of Directs of Gold Holding: it lists not only the abovementioned Sheikh Sultan Bin Khalifa Bin Sultan Al Nehayan as the Chairman, but the alleged mastermind behind the theft, Mohammad Abu Alhaj, in his role as board member and CEO of... Gold Holding?
Wait, wasn't Abu Alhaj supposed to be the CEO of Gold.A.E., the subsidiary of Gold Holding? Now this is odd because recall that in the Arabian Business article excerpted above, a spokesperson for the DIFC, or the Dubai International Financial Center (a Federal Financial Free Zone administered by the Government of Dubai), there is no direct link between Gold Holding and Gold AE:
"We wish to make it clear that although Gold AE is a subsidiary of M/s Gold Holding, which is a DIFC-based holding company, Gold AE and M/s Gold Holding Ltd are two separate entities."
"We wish also to clarify that M/s Gold Holding Ltd is, to our knowledge, not involved in any trading operations, client-facing business affecting clients of Gold AE or the provision of any financial services. Accordingly, it is not regulated by the Dubai Financial Services Authority."
It appears "your" knowledge was wrong, because unfortunately it does not make any sense that the person in charge of Gold AE was also, according to the company's own investment roadshow, the CEO of Gold Holding Ltd, and as much as the media and current management wants to make it seem there was an more than arms-length distance between the two in order to blame the theft on the "old management team", the reality is that as recently as late October 2014, or just a few months before the new management team allegedly discovered the supposed "substantial withdrawals from the company's account to the personal accounts of some of the management and the majority shareholders."
In short, the official story in which just one man is scapegoated for the theft of millions in paper and gold currency, makes less and less sense the more we dig.
Which brings us to our conclusion from a week ago:
So, is the former CEO of Gold.AE the criminal mastermind, the person who was responsible for the Turkish gold presence in Dubai, and the one who defrauded Gold.AE... or is he merely the fall guy: after all the new management team, according to Arabian Business, had been at the company since March: how could it take it 9 months to uncover that the company was nothing but a hollow shell, whose assets had been pilfered by the previous management.
And if indeed this crazy story which has every possible James Bond element in it culminates with a case of scapegoating, does that immediately mean that Sheikh Sultan Bin Khalifa, a person at the top of the Gulf's political and financial oligarchy, is involved. Because if he is, so is the US, as nothing happens in the United Arab Emirates without the United States being aware of it. Finally, if that is the case, it means that not only did the US sanction what has been the world's biggest gold smuggling ring, but that it implicitly gave Iran its blessing to use barterable Turkish gold in order to bypass sanctions imposed by... the United States!
Less than a week later, and we are getting closer to showing that we may indeed be looking at a case of not only massive corporate fraud, but even more troubling, a case of blame the other guy, when in reality the person accountable is one of the most important - and richest - people in the country, if not the entire middle eastern region.
But before we focus on the dramatic geopolitical implications of this James Bondian story that gets more complex and fascinating the more we dig, we would first like to help the small investors get back their investment, and all the money (and gold) that was stolen from them.
As such we open it up to our readers as well: below we present the latest until now confidential roadshow by Gold Holding, with hopes that someone will be able to spot something "out of place", in hopes of escalating this case of corporate fraud to the highest possible criminal instance in the UAE... which however will never be high enough if, as we now suspect, it culminates with the second most powerful person in Dubai.
* * *
And finally, while not directly related to the topic of Gold AE's massive fraud, here is the remainder of the Gold Holding investment presentation: we find it remarkable because after having covered the Turkish market, the Dubai company had its eyes set on a vastly bigger market. Russia.
... and not only that, but it was here where we found what may be the most fascinating detail of today's article, namely Gold Holding's (aka Dubai's) hint that Russian gold no longer has to be denominated in US Dollars for transaction purposes. Instead, it can be denominated in Yuan.... as can Venezuela, Brazil, Argentina and Africa gold transactions, in the process bypassing the SWIFT payment system entirely, and all official traces and records that a gold transaction ever took place!
Now this is simply stunning because over the past several years one of the biggest questions has been how did China smuggle thousands of tons of gold from around the world without the world, at least officially, noticing.
Well, recall how this entire story first developed: it was all thanks to Dubai acting as a middleman in smuggling billions of dollars worth of gold from Turkey to Iran, without anyone noticing for years. Could it be that maybe this tiny yet ultra rich Emirate has also been instrumental in facilitating the transfer of tens of billions of dollars from the west (mostly the UK and Switzerland) but also every other gold producer, and into China?
Because if so, it would promptly answer virtually every unanswered question about the global shadow, and very much undocumented, physical gold wave: one which takes the gold vaulted in the west, and moves it all the way as far east as Beijing... and all with Dubai's blessings?
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A few interesting facts. Not sure they are related. But....
July 2015 Gold.ae was known to be using images from other gold sites as their own.
http://goldcopyright.co.uk/copyright-abuse/gold-ae-repeatedly-using-stol...
The twitter page stop operating in July after the news breaks....
Gold.AE twitter link: Value of gold is worth watching: https://www.youtube.com/watch?v=ad4G4vX_PSk
I love the ATM gold vending machine!!!
Very interesting!
Sure as hell should have raised a red flag for anyone doing business with them.
Excellent sleuthing!
I would think the Turks may want to do a gold audit themselves.
when erdagons leave turkey it's going to look like the whitehouse when Clintons left.
Does this mean that the gold bar dispensing ATMs, including the one in West Palm Beach Florida, are out of gold and closed? Just asking.
This may be nothing but, Arab Bank is a Jordanian bank.
Incidentally and interesting aside though probably totally unrelated, you may remember one Ahmad Chalabi whom before becoming one of the key figures advising US policy prior and during the the 2nd Iraq war, was the leading figure and suspect in the bankruptcy of Petra Bank a Jordanian Bank.
Jordan and/or Jordanians keep coming up in the most unlikely places/positions of key regional and, potentially, world events... ??
Coincidence....?
They are palestinians with Jordanian passports ! from the west bank....different from eastern bankers oroginal Jordanians with Jewsih roots.
They are palestinians with Jordanian passports ! from the west bank....different from eastern bankers original Jordanians with Jewsih roots.
They are palestinians with Jordanian passports ! from the west bank....different from eastern bankers original Jordanians with Jewsih roots.
Look in vaults located in Haifa.
You can't eat it!
I am amazed that of the precious metals always mentioned gold and silver, there is one missing which...is lead. My old adage is whoever owns the lead, owns the gold and silver? While I'm at it, shouldn't steel such as case hardened, 416 stainless or chrome-moly especially when fabricated into a functioning rife, shotgun, pistol or revolver and let's not forget brass as that which is formed in a bullet cases. These are precious metals if there ever were any. Failed to mention carbon, solingen and stainless as in the manufacture of knives. Did I mention axe heads or broadheads?
I don't see any evidence that these people ever held any physical gold at all. Hey look at our awesome new 'vehicle' for PM investing. I hope the large denomination investments at least came with a blowjob or something. Bunch of idiots trying to shimmy out along the risk/return branch, like they're so fucking smart.
On the retail side this just looks like a scam. Behind the scenes, massive inter-governmental smuggling? Maybe. No evidence there either.
I was comfortable with this because the PM's were stored in the vault in Almas Tower
ha ha ha ha ha ha ha ha ha
This is precisely why we advocate buying physical gold and taking it home under your own stewardship. Sometimes the small man is the smartest man because he can't afford to become complacent
www.teamramgold.com/about-us
(Lowly stacker shakes his head in disbelief.) And just think of all those companies that offer safe havens for your PMs in foreign countries. When the SHTF, those countries will snatch those foreign assets in the blink of an eye. I told an American ex-pat living in a Central American country back in August - right at the market 1K point crash - that that could happen, as well as a raid on her dollar stash in a local bank was very likely. She took it very seriously.
That something like that has happened, with several individuals making like free-lance socialists and absconding with the Au, was only a matter of time. And...may be a signal that time is running out. Why do it now? Maybe because a SHTF scenario is already running, and it is time to bug out of paper GLD altogether.
I wonder what the recent fire was set to hide. Reminiscient of the Pentagon and building 7.
Smacks of disgruntled Muslim shareholders .... Arab Spring uberallles (everywhere) .... LOL ?
Surely someone can write a clearer executive summary!?!
Surely someone can write a clearer executive summary!?!
Easy sailing ...? as Extracto
Extracto BIOGRAPHY OF MARTIN WERNER BUCHER More than 20 years successful work in leading bank- and finance institutes, specialist in gold and silver transaction and humanitarian activities , strategic and operations leadership in uniquely challenging situations. Dynamic, results-oriented leader with a strong track record of performance in finance and high-paced organizations. Utilize keen analysis and insights and team approach to drive organizational improvements and implementation of best practices. Superior interpersonal skills, capable of resolving multiple and complex (sales, human resources, legal, financial, operational) issues and motivating staff to peak performance.
' Excellent political, military and economial connections.'
His LinkedIn page should be updated with his organised robbery.
If he does it in Dubai has a reason.
If he does it for China he can do it for US Uk of course
Common thread : they all use organisation as Red cross Blood -Fifa- WHO - UN as cover and can enter any country free of checks and control. Thereby are Non Violable.
Rotschild uses The Vatican as cover for their money and gold 'management" .(Best in history up till now not even known or published at.. ) Where no laws of Being Taxed -Being Violable - being Goverment ...any controlled are in place.
Fifa is known of Money laundering- Why not Gold laundering......not known yet. Red cross is known for moneylaundering vast amounts as the UN is.
UN in this Gold 'business' as well.. One day it surface. Red Cross of Burcher & others can transport Gold all over the world without being checked.
Others in the board have similar qualities. They 'could' rob launder sell smuggle anything.
Be Non-Taxed and grow Rich - Be-Taxed and grow poor. - Avoid being - Violable or Be- violable and stay poor.
Buy your Gold.. some even with a credit card...Swift account and leave in a depot... the Harakiri-Seppuku slow. Save this last dance for .....
Any Gold stored in a Depot will be the first a Goverment US EU gets its hands on when they find it appropriate or ' need' it.
One thing is for sure, their geography suxs, along with their spelling (its Sydney, not Sidney).
You still can't beat the good old financial black hole that is Switzerland for a quick getaway.
No matter how good the security is if the fraud is conducted internally. People should know about that.
Dear Dhimmi Dupes .... do not invest with Muslims .... whose duty under Islamic law .... is to wage Jihad against you .... and, oh yeah .... to steal your gold ?
I will make an attempt here. 13 states run the caucus system.
http://classroom.synonym.com/states-use-caucus-system-10085.html
OK. Now we know. Here is what can do. We can go to the Democrats Caucuses and be elected officer. I have done this before and became chairman. This does work but you have to show up. I have done this several times with the Republicans with the Ron Paul campaigns. Now I think I have figured it out. I saw what happened when I elected for the DFL and I am anything but DFL. That is their weakness. I can't do anything with the repups.
Do you see where I am going with this? 13 states is a lot of states. I know we are mostly libertarians but you how that goes. Everyone just sits and argues over who has to make the next pot of coffee. I have been there. Do you see how we could fuck up the democrats? These people are fucking full retard dumb. I don't know about Trump but we can't have Hillary. We are smarter than these people. We can beat them. If I have to go by myself then I will. I will win my points but it will pointless unless you all come along and go to your caucus. We can sit here and bitch until the cows come home.
I like to say some shit how good I think I am from time to time. The reality is that I worth a shit without all of you helping. There is no way in hell that I can fix this fucked situation by myself. So there, I said it about myself. I will still go and try, and I WILL win, but it won't amount to shit if you are not there with me. I can wish in one hand and shit in the other and see which get's filled first. We all have to do this. Otherwise what are we going to do? Sit around here and bitch and complain? We are better than that. YOU KNOW that you are BETTER than that.
I have had a lot of time to think about tactics. Let's take out the DFL even if we are not DFL. Get in there and then let's take them over. One of the best things to do is take over their finances. That is what do here. I did that to the REtreads as Treasurer. We take them over and we shut them down. You folks are 50,000,000 times smarter then the Demtards. You will wipe them out.
If we do nothing we will just sit and bitch at each other forever. Make them pay the price for fucking us all these years. Give it some thought.
Gave you plus 1 for actually suggesting that people take action.
"I have done this several times with the Republicans with the Ron Paul campaigns."
So in other words, your plan never works?
@Manipuflation,
Here's what happens to them.
http://www.constitution.org/ghansen/conghansen.htm
Traficant among others.
Take over their finances...that's funny.
I wish it was possible.
I'd be curious to see the outcome if both the Democrat and Republican parties local operations were targeted in this manner. Ordo ab chao ?
Here's my theory.
In Q1 2015, TPTB asked Kazakhstan to "lend" their 200 tons to Goldman Sachs.
The Kazakhs said no. TPTB readied a Plan B in case they were unable to shake the gold loose by the end of the year - they installed a puppet management team at Gold AE.
TPTB made a bunch of escalating threats until in Q3 2015, this happened:
http://www.techtimes.com/articles/82448/20150906/60000-antelopes-dead-in...
This threat of a biowarfare event in their country caused the Kazakhs to ask Putin for protection.
Putin immediately jumped on a plane and made a public show of his support for Kazakhstan:
http://sputniknews.com/politics/20151015/1028545040/putin-nazarbayev-cis...
TPTB realised they were stumped and needed to put Plan B into operation if their absence of physical was not to become apparent to all.
The puppet management team drained the vault and handed over the gold.
Putin then sent a message to show TPTB that they are not the only ones that can threaten weak allies:
http://news.nationalpost.com/news/emirates-skyscrapers-are-killers-in-wa...
Plausible?
8th
Plausible?...
Would have been a time 14 years ago where I would have completely brushed aside your theories as "not plausible" but we keep reminding ourselves of the bull elephant(s) hiding under the 12 ft by 12ft living room rug that in 15 ft by 15 ft room ...
Most of us still don't know, understand or even care about the geo-political shenanigans that were taking place in Japan right before 3/11 happened and the changing of the guards that the Western banks enforced with the Japanese leadership on how the Japanese would manage there next debt cycle between Yen and USD, or for that matter the Japanese government's overtures to furnish enriched uranium to the Iranians for their commericial reactor "project" right before Fukushima happened. Plenty of other skeletons too numerous to talk about with Japan's U.S. military bases most notable the submarine facilities that got many Japanese "eliminated" when they resisited America's wish lists... Okinawa doesn't even scratch the surface as terrible for the crimes that the U.S. government has perpetrated!
So in answer to your observation(s).... "Plausible" you bet!
And thanks for your post!
I agree. I would not assume this company was Corzined.
I trust James Turk and bitgold. They would never ever do this right?
More and more, GATA will be vindicated! There probably ain't much if any gold in Fort Knox any longer, and that hag Yellin is about as useful to wear an oxen yoke and pull a plow.
We are told Gold is worthless, and if you have it, you should sell it NOW !!!, then why are Governments and Banks busting their Balls to steal it.
the web is not just digital money but also physical commodities; which includes OIL, PMs...you name it!
The world is one big Oligarchy shark pool circling in dangerous waters; as now its gets ever more so : Every shark for itself.
Who is friend who is foe; you don't know, as the beanstalk is now rotting at the top and what a fall that could be.
Some run to the lifeboats, while others play cops & robbers!
"A Marx a Marx, my kingdom for my savior Marx!"
Groucho or Karl?
hahaha! You can hear the laugh of fiend as in "Thiller" !
Makes you think the digital price might not be the correct price.
There it is.
"Gold is to heavy and bulky to be a practicable means of exchange."
Apparently, gold (other peoples, that is) has the ability to give wings to your feet and can float away without a trace.
Amazing stuff, that gold.
https://www.youtube.com/watch?v=s0aIjyX7vwI
I believe 1 oz. of gold will take up less room in your pocket that 11, $100 dollar bills.
Shell Games, eh.
I just love it when the wealthy are forced to steal each other's gold.
This is better than a Fix News hottie.
cia got the gold and money, they at the cia make money the old way..they steal it!, now where is IRan going for gold?? me thinks the cia has back door co's to fill this need, until they go broke,,seems Iran is being used to fund the cia..off the books of course. funny when billions went missing in iraq the feds got right on it..not. pentagon trillions missing and damn a plane just happened to wipe out the investigating team a direct hit- evidence gone who knows what evidence went up with the trade towers and bldg 7??
this whole plot looks to me like a spec op triple cross by the cia/nsa/dc spooks.
Reuters already outlined in 2014 the role of Kunlun Bank
the Chinese Bank which holds the iranian money etc
China is always heavily involved in any trafficking of money
( say this to be polite and nice ) of non western block ...
in short we are all in middle between two very dengerous countries
Administration : USA and CHINA , one worse
than the other .... and both extremely dengerous
For we do not wrestle against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this age, against spiritual hosts of wickedness in the heavenly places.- simply put and obviously true
DR Jim Willie (Golden Jackass) has been telling this story of the Iranian gold based sanctions work around for over a year now. So what goods did Iran get from China-Russia for the gold they got for the sale of their oil to India via intermediate Turkey and the mystery is solved. Now the mystery of the stolen, er rehypothecated Arab gold, especially the Sauds, from vaults in Switzerland and Dubai apparently will most likely reveal the real fascist nature of western civilization. This fascist model is to obtain gold or what have you of any value by fraud from your allies and steal gold and what have you from your enemies once you destabilize and institute chaos in the wake of military over throw by proxy or otherwise. A global monetary re set is coming and the USA is scambling to steal as much gold that is not in the owners personal vaults as possible in case a gold standard is resumed instead of IMF SDRs as currency backing. Gold just like oil is now becoming an important strategic commodity not just to be garnered but also to be denied to the economic enemy. This out right theft of gold from the Dubai vaults, most likely heading for the masters of the universe vaults in N.Y. shows how desdperate the times have become IMHO.
as a sidelight, I find it fascinating that "Almaz means diamond in Arabic" ..... because
the same word is used in Amharic, the national language of Ethiopia, and also Russian ....
interesting coincidence, eh?
Many ways to steal; this is one of the more creative ways. Would make Bernie Madoff envious.
SAUDI ARABIA executes prominent Shiite Cleric ...
http://news.yahoo.com/saudi-executes-47-including-top-shiite-cleric-075812543.html
2016 will be a lot more bloody than 2015.
That's an easy prediction.