CME Gold Depository Declares Force Majeure!

Hm, it seems I had just said it could be a heist.

Then you conclude that it was a heist, but some sort of fiat-currency "paper to gold heist" that has nothing to do with this story.

This wasn't just a hurricane. An ordinary Cat. 1 hurricane is nothing like this. Remember the Jersey shore? Significant parts of it are gone now.

INBOUND CME!!!
AHHHHHHHHHHHHH!!!!!!!

The mega trillions of worthless paper money stuffed in every nook and cranny helped fuel the fire.

AND, when the bars are drilled, and Tungsten IS in the middle .... 'Next' excuse is "Bammy made me do it." Take it to the Supremes and get paid in 2-3 YEARS, IF your still here and not in a FEMA CAMP !

Technically this is a default!
Who owns the CME?

Back in my days CME was the Chicago Mercantile Exchange.
This would only apply to options then?

The Banksters own the CME.

"NYMEX and COMEX are now a part of CME Group, the world's largest and most diverse derivatives marketplace. Our Metals futures markets include full-size contracts on gold, silver, platinum, palladium, copper and steel; and smaller size contracts for gold (miNY 50 oz.), (E-micro 10 oz.), silver (miNY 2,500 oz.) and copper (E-mini 12,500 lbs.). With an average daily volume of more than 400,000 futures and options contracts traded, our Metals markets are the most liquid in the world for these products. Additionally, we offer clearing services of OTC London Gold spot and forwards and Iron Ore Swap futures through CME ClearPort."

right out of diehard 3.lots of people want to see their gold,all these vaults worldwide seem to be hiding someting or nothing.
i have family in brooklynn,they got thru the storm just fine.got family in alabama and florida too.build on the beach and your gonna get wet sooner or later.i have survived 2 tornados so i know what wind can and cannot do.what a nation of whiners and pussies we have become.

Its only one of five depositories that has lost their Gold. The other four have it all, trust me.

Would I lie to you?

This

No it is not a default, because force majeure was invoked.

Certainly not from the vault.

Wonder how much they fucked Celente out of THIS TIME!!!Can't wait to see his next video...should be priceless!

Also Germany has been put off by the FED for insisting on an audit of their gold holdings for several weeks now.

How come?

So, wiping 70 million $ from the hard asset balance sheets takes care of a leveraged 7 billion $.

That's a good way to shrink the inflationary currency supply without tanking stock market... yet.

SO they would have us believe that they knew for a fact that sandy was inbound a week before it happened. Then they left the vault doors open and said..."Lets just see what happens?"


REALLY? Really?

This is the story they go with? The one where the gold and palladium...both very heavy metals just got swept away from a vault that is most likely air tight?

Really? They must think everyone is a moron!

it will impact because brinks delivery increases the cost of delivery quite a bit.

and the LBMA said they are no longer going to report silver interest rates and silver forward rates. the silver market is becoming more opaque making it harder for investors and silver users to understand whats actually happening. the silver ponzi scheme probably in deep doo doo. got any spare cash laying around might be a good idea to grab some physical on the next dip.

The Gold War is on, having moved to a higher gear, but nowhere near a climax gear. The true value of gold is being realized. The strength of gold during insolvency crisis is being observed. The resistance and rescue from the plague of insolvency is being made clear on a global stage. The new important part of the Gold War comes with the Allocated Gold Account scandal which will dwarf the LIBOR and MFGlobal scandals. The demands for repatriated gold accounts, primarily from the criminal bank sectors in London and New York, have amplified. Germany has finally joined with demands for gold repatriation. The demands will continue to grow even as tampered gold bars add to the motivation to repatriate. If only Chavez of Venezuela knew that he was to start a global trend to call gold home, in a Gran Aletazo de Mariposas. The grand butterfly flapping has caused a whirlwind that will turn into a tornado to wreck the central banks in a final death blow.

[link to news.goldseek.com]

Blew it away into the houses of owners and management of the depository is more like it.

It appears that all posters on this topic are in agreement -- there is dirty work afoot here - BIG TIME!

So what do we do about it? If we get the lawyers involved, it will take years and the money will disappear for sure.

Any suggestions (please, nothing that will get Trinity in trouble or involve Home Land Security)?

so 486 pounds of gold and 500 pounds of palladium just get washed out of the vault during sandy. !!!!!!!!!!!
theiving bastards.........

Damn boating accidents.

It sounds like government confiscation to me. Surreptitious of course so as not to alarm people that the house has fallen down.

When everything finally comes to an end, all your money in a bank or safe deposit box will be gone with Force Majeure

All the upper middle class and rich mofo's will be brought down to obama phone levels.

LOL!!! I'll take it in tri-gold colour if you don't mind. LOL