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To: Nachum

A year ago ABN AMRO defaulted on gold delivery.

Maybe this guy was going to whistleblow. The gold held by bullion banks in the LBMA system has been estimated to be hypothecated at about 70 to 1. Which means 70 people think they own each oz of gold.

If/when the LBMA system unravels then Gold will surge up to at least $5000/oz and 10 yr treasuries will look like the garbage they are. A massive devaluation of the dollar would be inevitable.

If the ex-CEO was thinking of going public about the true state of the gold market then it would have been well worth arranging a very public hit.


25 posted on 04/06/2014 12:41:31 AM PDT by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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To: agere_contra
A year ago ABN AMRO defaulted on gold delivery.

Lots of funny business (no pun intended) going on. Somehow it involves a great deal of people too. The banks, Chinese, Russians, English, our own Wall Streeters. Could be Gold, the Dollar, slimy real estate deals, national sovereignty, and war.

Could be any or all of the above. :(

31 posted on 04/06/2014 7:58:49 AM PDT by Nachum (Obamacare: It's. The. Flaw.)
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