Phantom Gold Inventories: Has The Comex Already Defaulted?

The article here from BullionBullsCanada
explain how the gold and silver markets have been manipulated…..Caught red handed in the manipulation of the included charts……..

[link to www.bullionbullscanada.com]

[SNIP in staying below 50% for discussion]

'In the spring of last year, and on the heels of the Cyprus “bail in”; informed investors know there was a global stampede into physical bullion – and out of the banksters’ fraudulent paper-called-gold “products”. In reporting on those events, regular readers saw the following headline:

Paper-Gold Holders Flee To Real Metal


The evidence seemed conclusive. The Cyprus Steal triggered the realization among the Smart Money that no paper asset in the Western world was safe, any longer. That realization instigated the stampede out of the banksters’ paper-called-gold. Total holdings of the largest of the paper-called-gold fraud funds (the SPDR Gold Trust, or “GLD”) ultimately fell by approximately 40%.

However, as investors were liquidating 10’s of millions of ounces of what the bankers call “gold”; the Comex’s gold inventories didn’t rise by 10’s of millions of ounces. In fact those inventories didn’t rise at all – they collapsed. This seemed to indicate that investors were redeeming their GLD paper, and extracting real, physical gold to replace it.

Recent evidence, however, suggests an entirely different interpretation of the precisely synchronized collapse in holdings of the banksters’ paper-called-gold and “official” Comex inventories. But before readers can grasp the significance of this new information, it’s necessary to first visit the silver market – and revisit an old-but-familiar form of inventory fraud which has been covered extensively in previous commentaries.'


SEE INCLUDED CHARTS!


……'There it is. Not nearly the largest of the One Bank’s frauds (in an era of multi-trillion dollar mega-swindles), but perhaps the most incompetent. “Inventories include silver backed exchanged traded funds.” Just how does that work?

In the real world; if one buys an ounce of real silver from a real dealer, the dealer’s inventories fall by precisely one ounce. Yet in our Wonderland Matrix, and the paper-fraud markets of the bankers; when one buys an ounce of their “silver”, official inventories rise by one ounce.'

It continues…..

'Instead, we see Comex inventories and GLD-holdings performing in this orchestrated fraud like a “synchronized swimming” duo. And it raises the equally obvious question: is there any real gold in the Comex’s supposed “inventories”, or are we now dealing with the same kind of “gold” that is claimed to be in Fort Knox (but which no one has seen in over 50 years)?

The total amount of “gold” supposedly held at the Comex is now roughly 8 million ounces. Total holdings of “gold” which GLD-holders think they own is over 25 million ounces. If we assume the same one-for-one fraud which the banksters have reported in the silver market; this would put total Comex inventories somewhere in excess of -17 million ounces of gold.

In other words, at some point in the past (perhaps the distant past) the Comex actually “defaulted” (at least in the technical sense) on its gold inventories. We’ve simply never heard of this default because of the serial lies/fraud of the bankers, and the see-no-evil, hear-no-evil, speak-no-evil complicity of the regulators and operators of these markets.

Paper-gold holders did “flee” from their fraudulent paper, in a stampede of epic proportions, which began in the spring of last year. But if they fled into gold, it wasn’t into Comex gold – because there was never any gold there, to begin with.'


This is blatant manipulation of both GOLD and SILVER markets.