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Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"

 
Anonymous Coward
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04/07/2010 02:01 PM
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Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
BREAKING: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"



[link to www.zerohedge.com]




Continuing on the trail of exposing what is rapidly becoming one of the largest frauds in commodity markets history is the most recent interview by Eric King with GATA's Adrian Douglas, Harvey Orgen (who recently testified before the CFTC hearing) and his son, Lenny, in which the two discuss their visit to the only bullion bank vault in Canada, that of ScotiaMocatta, and find the vault is practically empty.



Hot off the Zero Hedge wire: The Latest Gold Fraud Bombshell: Canada's Only Bullion Bank Gold Vault Is Practically Empty, Is The Central Fund Of Canada Insolvent?

"This is a relevant segue to a class action lawsuit filed against Morgan Stanley, which was settled out of court, in which it was alleged that Morgan Stanley told clients it was selling them precious metals that they would own in full and that the company would store, yet even despite charging storage fees was not in actual possession of the bullion. It appears that this kind of lack of physical holdings by all who claim to have gold in storage, is pervasive as the actual gold globally is held primarily in paper or electronic form.

...They underestimated gold holders' willingness to be diluted into perpetuity - when the realization that gold owned is just 1% of what is physically deliverable, you will see the biggest bank run in history."


<snip>


Lenny describes exactly how much (or little as the case may be) silver was available - roughly 60,000 ounces. As for gold - 210 400 oz bars, 4,000 maples, 500 eagles, 10 kilo bars, 10 one kilogram pieces of gold nugget form, which Adrian Douglas calculates as being $100 million worth, which is just one tenth of what the Royal Mint of Canada sold in 2008, or over $1 billion worth of gold. As Orgen concludes: "The game ends when the people who own all these paper obligations say enough and take physical delivery, and that's when the mess will occur."









As gold shoots up past $1,150...
Trunk Monkey

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04/07/2010 02:04 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!
All human problems can be solved, by application of the Trunk Monkey!
Lily

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Canada
04/07/2010 02:08 PM

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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"


Last Edited by Carrie-Me on 12/19/2010 12:28 PM
You have to take Bible prophecy literally, just like everything else in the Bible. - Tim LaHaye
Anonymous Coward (OP)
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04/07/2010 02:12 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
if you dont hold it, you dont own it.


The cracks are appearing in the Ponzi Pyramid of Fiat


get your coins
Jessica6

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04/07/2010 02:12 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
bsflag

The article gets even the most basic facts wrong, such as Scotiamocatta being Canada's only bullion bank vault.

There's also Central Gold Trust, whose gold is housed at CIBC - A DIFFERENT BANK.

Last Edited by Jessica6 on 04/07/2010 02:13 PM
The urge to save humanity is always a false front for the urge to rule it. - HL Mencken
Trunk Monkey

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04/07/2010 02:14 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!


I'm holding too....

... of course they're all delisted
... from the VSE
... and stuck in my RRSP.
 Quoting: Lily


Say what, now, darlin'?

pennywise
All human problems can be solved, by application of the Trunk Monkey!
Anonymous Coward
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04/07/2010 02:17 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Mine as well take "Guarded place" out of the national anthemchuckle Gotta love those ECB's
aVian

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04/07/2010 02:20 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!
 Quoting: Trunk Monkey



I got

NXG 3.11 +0.03 +0.97%
NGD 5.02 +0.29 +6.09%
TRE 4.53 +0.10 +2.26%
AUMN 7.96 +0.05 +0.63%
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
NOMOREASlave

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04/07/2010 02:39 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
if you dont hold it, you dont own it.


The cracks are appearing in the Ponzi Pyramid of Fiat


get your coins
 Quoting: Anonymous Coward 838921

+1
Jessica6

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Canada
04/07/2010 03:05 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!
 Quoting: Trunk Monkey


So you're holding on to paper companies rather than paper commodities?

lmao

Trust me, a lot of those 'junior miners' are just that.
The urge to save humanity is always a false front for the urge to rule it. - HL Mencken
Lily

User ID: 794926
Canada
04/07/2010 04:24 PM

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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"


Last Edited by Carrie-Me on 12/19/2010 12:28 PM
You have to take Bible prophecy literally, just like everything else in the Bible. - Tim LaHaye
Once4All
The Truth Is Clear To Everyone!

User ID: 896034
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04/07/2010 04:28 PM

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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!


So you're holding on to paper companies rather than paper commodities?

lmao

Trust me, a lot of those 'junior miners' are just that.


Amen to that, and the paper isn't even as good as a roll of Charmin.

s226
 Quoting: Lily

Once you have the physical you need it's okay to purchase a little paper!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Trunk Monkey

User ID: 936920
United Kingdom
04/07/2010 04:28 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!


So you're holding on to paper companies rather than paper commodities?

lmao

Trust me, a lot of those 'junior miners' are just that.
 Quoting: Jessica6


Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.

It's just risen a fair bit, today.

I'm not complaining.
All human problems can be solved, by application of the Trunk Monkey!
Once4All
The Truth Is Clear To Everyone!

User ID: 896034
United States
04/07/2010 04:35 PM

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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!


So you're holding on to paper companies rather than paper commodities?

lmao

Trust me, a lot of those 'junior miners' are just that.


Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.

It's just risen a fair bit, today.

I'm not complaining.
 Quoting: Trunk Monkey

Would you like to share what you bought? I was in and out of slw for a long time. Recently switched to hl and slv.
Investing just a hobby.... not a pro.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
User ID: 936025
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04/07/2010 04:37 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
210 400 oz bars,
 Quoting: Anonymous Coward 838921

Isn't it the 400 ounce gold bars that were found to be spiked with Tungston? They may not even have what they think they have.

If the Canadian gold is gone and we know Gordon Brown sold off most of the UK gold then who has all this gold? Is it in israel? That would be my best guess.

Are they getting ready to pull the plug on their ponzi fiat money sacams around the world and then come out with their looted gold and buy everything up for pennies on the dollar?

Sounds like the plan they have to rule the world.

.
Trunk Monkey

User ID: 936920
United Kingdom
04/07/2010 04:51 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!


So you're holding on to paper companies rather than paper commodities?

lmao

Trust me, a lot of those 'junior miners' are just that.


Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.

It's just risen a fair bit, today.

I'm not complaining.

Would you like to share what you bought? I was in and out of slw for a long time. Recently switched to hl and slv.
Investing just a hobby.... not a pro.
 Quoting: Once4All


I sold all my Kinross holdings (Bema Gold, as was), and half of SSRI (5,000 shares), which raised a gross £85,000.

I'm currently in SSRI (5,000 shares), Samex, ECU, First Majestic Silver, Sivercorp Metals Inc., Canadian Zinc etc.
All human problems can be solved, by application of the Trunk Monkey!
Anonymous Coward
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United States
04/07/2010 04:55 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
if you dont hold it, you dont own it.


The cracks are appearing in the Ponzi Pyramid of Fiat


get your coins
 Quoting: Anonymous Coward 838921


Yep....I'm seeing cracks in everything. We're sliding into the abiss
Once4All
The Truth Is Clear To Everyone!

User ID: 896034
United States
04/07/2010 05:06 PM

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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
scream

I'm holding my junior mining shares!


So you're holding on to paper companies rather than paper commodities?

lmao

Trust me, a lot of those 'junior miners' are just that.


Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.

It's just risen a fair bit, today.

I'm not complaining.

Would you like to share what you bought? I was in and out of slw for a long time. Recently switched to hl and slv.
Investing just a hobby.... not a pro.


I sold all my Kinross holdings (Bema Gold, as was), and half of SSRI (5,000 shares), which raised a gross £85,000.

I'm currently in SSRI (5,000 shares), Samex, ECU, First Majestic Silver, Sivercorp Metals Inc., Canadian Zinc etc.
 Quoting: Trunk Monkey

had kgc, bema, hmy [early days] and ssri at some point over the last 10 years.
I got a feeling gold just started another big run... hope i'm right. I'm hoping things run into june then i'll probably sell unless gold crosses $1300.
Thanks for sharing!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All
The Truth Is Clear To Everyone!

User ID: 896034
United States
04/07/2010 05:08 PM

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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Trunk Monkey.... or anyone

Cash4Gold [mfgd] is only 20 cents for share.
Think it's worth a gamble???
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Jessica6

User ID: 863844
Canada
04/07/2010 05:09 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.
 Quoting: Trunk Monkey


whatever

WTF is it with Mercedes and people who need to show off? There's waaay cooler cars out there.
The urge to save humanity is always a false front for the urge to rule it. - HL Mencken
Anonymous Coward
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Canada
04/07/2010 05:10 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
210 400 oz bars,

Isn't it the 400 ounce gold bars that were found to be spiked with Tungston? They may not even have what they think they have.

If the Canadian gold is gone and we know Gordon Brown sold off most of the UK gold then who has all this gold? Is it in israel? That would be my best guess.

Are they getting ready to pull the plug on their ponzi fiat money sacams around the world and then come out with their looted gold and buy everything up for pennies on the dollar?

Sounds like the plan they have to rule the world.

.
 Quoting: Anonymous Coward 936025

nibiru
Anonymous Coward
User ID: 928875
Canada
04/07/2010 05:12 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
This is just a smear campaign because Canada's dollar is actually surpassing the USD.

So they release this to try and devalue the CDN dollar.
Anonymous Coward
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United States
04/07/2010 05:12 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Trunk Monkey.... or anyone

Cash4Gold [mfgd] is only 20 cents for share.
Think it's worth a gamble???
 Quoting: Once4All


starcore gold miner, very junior but producing, pulled
back huge last 3 months, load up... ecu silver also down
good bit, load up. much better bets if you are looking
to gamble
Jessica6

User ID: 863844
Canada
04/07/2010 05:15 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
This is just a smear campaign because Canada's dollar is actually surpassing the USD.

So they release this to try and devalue the CDN dollar.
 Quoting: Anonymous Coward 928875


I don't know what the motives are but they are completely full of shit.

For a start, there's more than bullion vault in Canada FFS. CIBC's vault, the Royal Canadian Mint...

Second, does anyone HONESTLY think that ANY bank would allow some random guy right into their vaults?? Particularly the gold vaults that have some of the highest security going? Come on!!! Just how gullible are people?
The urge to save humanity is always a false front for the urge to rule it. - HL Mencken
Trunk Monkey

User ID: 936920
United Kingdom
04/07/2010 05:16 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.


whatever

WTF is it with Mercedes and people who need to show off? There's waaay cooler cars out there.
 Quoting: Jessica6


But, my Merc E270 (diesel) is as cool as shit!

pennywise
All human problems can be solved, by application of the Trunk Monkey!
Anonymous Coward
User ID: 905981
United States
04/07/2010 05:23 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.


whatever

WTF is it with Mercedes and people who need to show off? There's waaay cooler cars out there.


But, my Merc E270 (diesel) is as cool as shit!

pennywise
 Quoting: Trunk Monkey


that car is a piece of shit. only pikers drive that junk.
Trunk Monkey

User ID: 936920
United Kingdom
04/07/2010 05:38 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Well, I must have chosen good ones, since I sold enough to clear ALL my debts (about CDN$45,000), and buy me a very nice Mercedes Benz 270E, plus my junior mining stock portfolio was valued at over £220,000, by Barclays, my stock brokers, at the latest valuation.


whatever

WTF is it with Mercedes and people who need to show off? There's waaay cooler cars out there.


But, my Merc E270 (diesel) is as cool as shit!

pennywise


that car is a piece of shit. only pikers drive that junk.
 Quoting: Anonymous Coward 905981


Says Mr. Trailer P. Ark!

1rof1

cruise
All human problems can be solved, by application of the Trunk Monkey!
Anonymous Coward
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United Kingdom
04/07/2010 05:53 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Canada doesn't need a lot of gold in the fraudster's vaults. It has penty still in the ground.

After some painfull austerity Canada is now reaping the rewards with hopefully an even more stable future.

Lesson the UK in particular needs to learn.
Anonymous Coward
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Canada
04/07/2010 05:53 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Ease your troubled souls, when the dragon starts to rage it will not be long there after. Nothing will be of worth, not gold, silver, nothing.
Anonymous Coward
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Mexico
04/07/2010 05:56 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
Once you have the physical you need it's okay to purchase a little paper!
 Quoting: Once4All



Once you have gone black you ....wait !! What is this all about ???
OK , GET PHYSICAL SILVER , NO PAPER OR LEVERAGE SILVER !!
Anonymous Coward
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Australia
04/07/2010 06:01 PM
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Re: Gold Fraud Bombshell - Canada's Only Bullion Vault "Practically Empty"
FIND YOUR OWN GOLD! STILL PLENTY IN THE GROUND!