• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over Disputed Ownership Of Physical Gold

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 12/09/2011 - 16:08 | 1964075 GeneMarchbanks
GeneMarchbanks's picture

It all ends in cash settlements. Or war.

Fri, 12/09/2011 - 16:10 | 1964081 Almost Solvent
Almost Solvent's picture


Fri, 12/09/2011 - 16:13 | 1964100 GeneMarchbanks
GeneMarchbanks's picture

Let me just add that the GATA boys are watering/foaming at the mouth whilst having raging erections...

Fri, 12/09/2011 - 16:17 | 1964108 Barbarous Relic
Barbarous Relic's picture

Me, bitchez!  

But only the physical kind.  

Fri, 12/09/2011 - 16:18 | 1964135 Turd Ferguson
Turd Ferguson's picture

Hmmm. I wonder what Andy Maguire would have to say about this?

Fri, 12/09/2011 - 16:29 | 1964175 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I told you so

Fri, 12/09/2011 - 16:30 | 1964177 Ahmeexnal
Ahmeexnal's picture

Hemorrhoids, meet fan.

Fri, 12/09/2011 - 16:37 | 1964204 Oh regional Indian
Oh regional Indian's picture


Butt, yes, now the top-rung cannibalization begins. An interesting phase, as this is shit being tossed much closer to the fan too. Source shit so to speak.

Could it be that Gold, generally is going to suffer a massive ownership question (fractally much like the RE situation in the US) and could that jam the market? 

Thing is, gold market can be jammed. Industrial demand will keep the silver market alive.

Something to ponder.



Fri, 12/09/2011 - 16:41 | 1964221 tmosley
tmosley's picture

It'll do more than that.  It's going to send it close to parity, at least.  No real reason to think it won't overshoot by a factor that will stun the whole world.

That doesn't mean that the paper prices for both won't be zero, or close to it.

Fri, 12/09/2011 - 16:43 | 1964236 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What are you writing about?  Pairty of what? 

Fri, 12/09/2011 - 16:45 | 1964243 tmosley
tmosley's picture

Silver will go to parity with gold.

Fri, 12/09/2011 - 16:46 | 1964248 gmrpeabody
gmrpeabody's picture

All your gold are belong to us!

Fri, 12/09/2011 - 17:09 | 1964322 JPM Hater001
JPM Hater001's picture

I am going into the weekend with such a warm fuzzy feeling like everything is going to actually go my way for once.

I love you silver bar.

I love you too silver round. 

And yes, even you you old raggedy 1932 Quarter that'll still buy me a gallon of gas.

*Um, sorry you had to see that. <blush>

Fri, 12/09/2011 - 18:26 | 1964611 trav7777
trav7777's picture

..but if you start pulling your cash out, they call you a terrist for inciting a bank run and then they seize it because it's obviously the proceeds of criminal or terristic activities.

Fri, 12/09/2011 - 18:51 | 1964692 CharlieSDT
CharlieSDT's picture

You can buy a gallon of gas with a dime, you dont need a quarter.  The quarter should be worth a two girl lap dance after full price discovery.

Fri, 12/09/2011 - 19:11 | 1964731 JPM Hater001
JPM Hater001's picture

Game on.

Fri, 12/09/2011 - 19:36 | 1964783 FEDbuster
FEDbuster's picture

If you can't hold it or touch it, you don't own it.  Buy a damn gun safe, get some guns and gold and when the Federales come for your guns and gold.....  Out of my cold dead hands, molon labe.

Fri, 12/09/2011 - 20:41 | 1964943 Problem Is
Problem Is's picture

"See me! Feel me!"
"Touch me! Hold me!"

My Silver Maple Leaf(ves) loves me...

Leaf side up so I don't have to look at Charles bag hole mother of course...

Fri, 12/09/2011 - 22:41 | 1965247 AldousHuxley
AldousHuxley's picture

You know financial crisis is bad when bankers are suing each other....


HSBC sues MF Global

Rothchild ibanksters sue Nazi gold UBS

Credit Unions suing JP Morgan

Holocaust victims working in banking still suing Deutschbank



Fri, 12/09/2011 - 23:33 | 1965348 jackinrichmond
jackinrichmond's picture

 hmm..  i'm wondering what time my bullion dealer opens tomorrow  :)

Sat, 12/10/2011 - 00:13 | 1965400 Mauibrad
Mauibrad's picture

Physical gold and silver, bitchez!  Just seein' how thin I can get this thing. :-)

Sat, 12/10/2011 - 03:38 | 1965602 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture


Sat, 12/10/2011 - 13:15 | 1966154 MsCreant
MsCreant's picture




Thinner still.

Sat, 12/10/2011 - 13:18 | 1966157 nmewn
nmewn's picture


Sat, 12/10/2011 - 14:17 | 1966259 chumbawamba
chumbawamba's picture

Still several inches from where I stand, little boys.

I am Chumbawamba.

Sun, 12/11/2011 - 01:05 | 1967202 secretargentman
secretargentman's picture

Well this is going to be bearish for gold...  I mean who wants to own an asset if you're not even sure whether you own it.


Physical gold buried in your backyard, however, is a different matter. 


Strong hands will pay off.

Sat, 12/10/2011 - 16:42 | 1966535 xela2200
xela2200's picture

If you can buy it with a dime, it means silver is undervalued. Oil has become scarcer than silver during the same period of time. Therefore, it should be worth a silver quarter and not a silver dime as it once did. How much will the last gallon of oil should be worth in silver terms?

Sat, 12/10/2011 - 17:10 | 1966590 tmosley
tmosley's picture

I guess you haven't heard about the utter devestation of silver stocks.


Fri, 12/09/2011 - 21:13 | 1965036 RafterManFMJ
RafterManFMJ's picture



I lost my gold, silver, guns, ammo, food supply and virgininty in a boating accident. Whoosh! You shoulda seen my shoes!

Sat, 12/10/2011 - 07:02 | 1965732 The Navigator
The Navigator's picture

For about $2k you can buy a Cal25 (plus another $200 for a VHF radio) and go sailing and dial 911 for a rouge wave. Be sure to add an EPIRB and a survival floatation suit and your story may stand up.

But beware, this story is going to get old as more and more gold goes missing. Amateur sinkings will be easily discernible in shallow waters.

Semper Peratus, The Navigator

Sat, 12/10/2011 - 07:35 | 1965748 onthesquare
onthesquare's picture

It cannot go missing if it never existed.  Abbot and Costello can explain the whole thing.

Sat, 12/10/2011 - 09:24 | 1965822 Bendromeda Strain
Bendromeda Strain's picture

If you claim a rouge wave, they will know you makeup the story...

Sat, 12/10/2011 - 14:19 | 1966268 chumbawamba
chumbawamba's picture

Just tell them your name is Moses.


Sat, 12/10/2011 - 23:08 | 1967082 TheFourthStooge-ing
TheFourthStooge-ing's picture

Bendromeda Strain correctly ascertained:

If you claim a rouge wave, they will know you makeup the story...

That's downright mascary.


Sat, 12/10/2011 - 11:21 | 1965958 Mr Pink
Mr Pink's picture

You're busted Rafterman. Everyone knows that virginity floats!

Sat, 12/10/2011 - 13:45 | 1966190 Doña K
Doña K's picture

That reminds me that a 15 year old with the IQ of a Kardasian, when she was asked if she was a virgin, she thought for a few seconds and said: "Not yet."

Sat, 12/10/2011 - 16:43 | 1966540 xela2200
xela2200's picture

But you didn't loose your life :-)

Fri, 12/09/2011 - 22:56 | 1965280 Chuck Walla
Chuck Walla's picture

And SEIZE you because they just said they could, if youze a terrorist!

Sat, 12/10/2011 - 14:36 | 1966316 Ahmeexnal
Ahmeexnal's picture

A 1932S quarter will buy you a whole lot more than just a gallon of gas. All coins are equal, but some are more equal than others.

Fri, 12/09/2011 - 17:20 | 1964369 fonestar
fonestar's picture

We tried to warn you people who thought physical and paper metal was one and the same.  You didn't listen to us and so, if you even have any time left to take possesion, hopefully you will listen to Olivia Newton-John:



Fri, 12/09/2011 - 17:30 | 1964408 Hard1
Hard1's picture

Hahahahaha brilliant link

Let's get ...physical, physical
I wanna get physical
Let's get into physical

Fri, 12/09/2011 - 17:56 | 1964505 DaveyJones
DaveyJones's picture

two in the celebrity bush

Fri, 12/09/2011 - 23:15 | 1965318 AldousHuxley
AldousHuxley's picture

gold in the hand is worth two in ETFs.

Fri, 12/09/2011 - 17:29 | 1964403 LawsofPhysics
LawsofPhysics's picture

It's about bloody time.  Sweet.

Fri, 12/09/2011 - 18:25 | 1964606 trav7777
trav7777's picture


Fri, 12/09/2011 - 18:32 | 1964626 tmosley
tmosley's picture

You keep using that word.  I do not think it means what you think it means.

Fri, 12/09/2011 - 18:40 | 1964654 Badabing
Badabing's picture


Its all a mater of figure of speech or how you look at it. Like you can say, that’s the shit or that’s the bomb, but you cant say that’s the shit bomb. It just doesn’t sound right. Or you can say that’s phat,  or like butter, but you cant say butter phat. And under no circumstance ever ever say shit bomb butter phat!

Fri, 12/09/2011 - 18:52 | 1964683 bob_dabolina
bob_dabolina's picture

There are a few shit bombs on this thread tonight. 

Or perhaps the posters are just shit bombed.

Fri, 12/09/2011 - 19:16 | 1964747 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Good thing you're here, Bob.

Fri, 12/09/2011 - 19:47 | 1964813 High Plains Drifter
High Plains Drifter's picture

shit bombed or shit faced?  

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