CME Gold Depository Declares Force Majeure!

If these were physical metals, they'd sink not float.
Even if the winds were very strong, people would have found the bars, ingots, coins, whatever. Strong winds do not make solid metals disappear.
If it was paper, then it was not worth anything anyway because I don't believe these companies have the physical metal to back up the contracts.
It's my thought that someone(s) have a nice fortune tucked away.

Last Edited by abrock on 11/27/2012 06:22 PM

Stack now while you can!

Thread: Buy Silver - 'Crash JP Morgan' - 2nd Anniversary Special

Declaration of Force majeure, one of the initial steps of economic collapse:

[link to rense.com]

not just gold and silver. copper, zinc, nickle being taken out of the system as well.

shit is going to hit the fan, probably hyperinflation.

Earlier this week Canada announced that they would be phasing out their penny coin. On the heels of the Canadian announcement, U.S. Treasury Secretary, Tim Giethner stated in a press conference today that the U.S. Mint will remove the penny and nickel coins from circulation, starting early in January 2013.

Due to the rising costs of zinc and production related expenses, the U.S. Mint now spends 4.8 cents to make a penny. And the cost of copper and nickel have inflated the cost to create a nickel coin to 16.2 cents.

In 2011, the U.S. mint made over 4.9 billion pennies, at a cost of $118 million to make. That is $236 million to produce only $49 million worth of pennies, a loss of $187 million in minting costs. Minting the nickel coin also represents a significant loss in revenue.

By comparison, the dime (which costs 9.2 cents to mint) and the quarter (21.31 cents) are economically more feasible, and will continue in circulation through 2013. However, according to Giethner, the dime may be in jeopardy as early as 2014.

Once the phase out of pennies and nickels begins, merchants must be equipped to round all transactions to the nearest ten-cent increment.

If something costs $1.53, for instance, it will be rounded down to $1.50, and a transaction for $1.55 or higher will be rounded up to $1.60. Credit card, debit and check payments would also be subject to the rounding rule. It is expected that the rounding will not result in higher costs for purchases or losses for merchants.

Pennies and nickels will continue to hold their inherent cash value, and they can be traded in at financial institutions. Banks will then return the coins to the mint for recycling into their base materials. By mid 2013 it is expected that the penny and nickel will both be mostly removed from the U.S. economy.

and now austria wants to know the status of it's gold held at the fed and wants an audit.

this gold shit is starting to getting real. there must be something important coming soon involving gold that is causing all these countries to reassert their control over the gold they think they have.

it's all fun and games until someone looses an eye.

and Sandy wasn't even a BAD hurricane... Mostly a tropical storm once it hit land...

There never was any physical gold in the first place. Hurricane Sandy was a bloody good excuse to do a force majeure.

Gold don't float or rust & it would certainly take an awful lot of wind to get those bars up out'a that vault.. they're lying. Or testing the story out for insurance & public purposes.

If we buy into this story, wait till Fort Knox & all of Germany's gold is hit with toxic 'Flaming Hail-Stones.'

Coveting their proverbial assets..

ahaa, weve been expecting this....

right on schedule....

theyre caught short, and the shell game continues...

if you dont have it you dont own it.

Trillions of Dollars Worth of Stock Certificates and Other Paper Securities Feared Damaged by Sandy
Thread: Trillions of Dollars Worth of Stock Certificates and Other Paper Securities Feared Damaged by Sandy (Page 4)

When I heard about Paper Securities feared damaged, I expected them to call Force Majeure. This may be the event that crashes the market. Hope everyone stays safe.

Peace

Yes you don't want a country that is either going to collapse or break out in civil war to hold your gold.

YUP!!!!!!!

Usual crap

Is tungsten good for anything? I don't know, but if it has some value, it could be used as coins.

Despite the obvious bullshit propaganda, you should still win faggiest pinned title of the evening!

Regarding Force Majeure

If you were to look at just about any contract in the last two years or so, that you've ever signed with any corporation, I think that you'll find a force majeure clause. Basically they're saying that in any event of an "act of God" event like a pandemic, weather, blah blah blah, they can back out. It's honestly an etch-a-sketch means of shaking the contract when the tough news comes and weasling out. Not saying it's right, just saying that their contract law experts have created a way of not honoring the contract.

Can you imagine if you said the same?

"In the event of a pandemic, I won't be able to pay my bills and declare force majeure....but I'll still keep possess of my home..."

Now that's clever

1. the gold is in a thick steel vault, 50 feet underground, so wind can not touch it.
and water does not damage gold.

2. this gold is held for other countries, and each country has it's own UNIQUE / SPECIFIC mint marks and serial numbers on it's own bars.
so this is a chance to SWAP it with OTHER bars.
(tungsten filled bars)

3. AND SO IT BEGINS !!

4. death of the dollar will follow !!