VAULT DWELLERS SERVED

Wednesday, September 9, 2015

If You Don't Hold It You Don't Own It


The metals industry is a huge ponzi scheme selling air and dreams to fools.

Every single time one of these vaults is audited they discover it is empty. A piece of paper with your name on it means somebody else is probably holding your gold and silver and you will never see it again. Word to the wise.

4 comments:

August said...

Tex, I have a Neanderthal question:

https://evolutionistx.wordpress.com/2015/09/09/so-why-do-native-americans-have-so-much-neanderthal-dna/

To the point of you post, this is why I think the bitcoin, or some other currency with a blockchain will become supreme, as long as we still have internet. When gold was money, they would play games with it, then they did the same with paper; now they do the same with electrons. With the blockchain, they don't get to play games. For instance, they can only lend you what they have, meaning no fractional reserve banking. The bitcoin has to go from their address to yours, and they can't just make new ones up and put the loan on their asset sheet.

Sven Johnson said...

I've always wondered why anyone would bother with gold or silver unless they physically hdld it in their hands. If you are going to invest in paper you might as well go all in and invest in bonds and stocks.

Ted Walther said...

Tex, any thoughts on the Guttians? They had human intellect, canine instincts, and monkey features. They raided Akkad from the highlands.

http://www.ancient.eu/article/748/

149-175 Enlil, the roaring (?) storm that subjugates the entire land, the rising deluge that cannot be confronted, was considering what should be destroyed in return for the wrecking of his beloved E-kur. He lifted his gaze towards the Gubin mountains, and made all the inhabitants of the broad mountain ranges descend (?). Enlil brought out of the mountains those who do not resemble other people, who are not reckoned as part of the Land, the Gutians, an unbridled people, with human intelligence but canine instincts and monkeys' features. Like small birds they swooped on the ground in great flocks. Because of Enlil, they stretched their arms out across the plain like a net for animals. Nothing escaped their clutches, no one left their grasp. Messengers no longer travelled the highways, the courier's boat no longer passed along the rivers. The Gutians drove the trusty (?) goats of Enlil out of their folds and compelled their herdsmen to follow them, they drove the cows out of their pens and compelled their cowherds to follow them. Prisoners manned the watch. Brigands occupied the highways.

Gary said...

Been watching the precious metals markets (or should I say "precious paper" markets) for years ever since I read that for every ounce of gold held there were something like 120 ounces of paper certificates issued and traded. Imagine if someone sold a car to 120 different people ... oh yeah that's different, it's fraud.

Then five years ago the LBMA (London Bullion Market Association) was facing all kinds of allegations when something bizarre happened - there was what appeared to be an attempted hit on the whistle-blower. But I never saw any details released about, or even a prosecution of, the perpetrator. The story has all but gone down the rabbit-hole.

http://nypost.com/2010/03/29/jpmorgan-chase-story-in-uk/

But two days ago strange things were happening with the COMEX (NY Commodities Exchange):

"This means that what was already a record dilution factor, with over 200 ounces of paper gold claims for every ounce of deliverable gold, just soared even more, and following today's 8% drop, there is now a unprecedented 228 ounces of paper claims for every ounce of deliverable "registered" gold."

http://www.zerohedge.com/news/2015-09-09/something-just-snapped-comex

By all means if you can afford it, after securing your "beans, bullets and bandaids", have some gold, but silver is better as a means of exchange, and preferably one that is in known denominations and high silver content. Australian post-1946 silver coins contain less silver as the Australian Government "stole" the value from the currency to replay the Yanks for the Australian silver coins minted in the USA during the war.

www.000webhost.com