***Dubai Moving Its Gold Out Of London*** – Gold market update with Bob Chapman
Read the rest of this entry »
London is FINALLY losing its role as the worlds hub for physical gold storing and trading. It is going to be very interesting to see what happens when DGS tries to move its gold from HSBC in London to Dubai. HSBC is the custodian of both DGS and GLD, which raises a major question mark about whether the gold is really there. The growing demand for physical gold together with the tons of gold flowing out of London to Dubai will result in a major default somewhere on an obligation to deliver gold. After that, paper gold (futures, GLD, etc) will collapse, and physical gold will soar. www.marketskeptics.com
new world order shit , all of them will be exposed by god soon
OTC Gold and Silver (leasing) contracts and certificates are a fraud
Comex and LBME won’t be able to satisfy physical gold and silver delivery
They will use an escape clause called a “Force Majeure” to withhold physical
delivery if that was demanded from their paper gold (contract) holders
Physically holding gold and silver bullion in your possession is crucial.
Past 10 years: S&P down 24%, Ndx down 49%, Dji down 31%, U$D down 23%
Gold up 280%, Silver up 209% (source: Jesse’s Cafe Americaine)
Why is Alex Jones the only guy that reports on Gold? I mean I understand it kind of has to do with him, but he’s becoming more of an economist than a conspircy theorist…
I don’t see ANYBODY else, Reuters, Bloomberg, nobody freaking reports on anything on Youtube…
@AUX999
I built a small sleuth 3 yards long with 15 small steps in it.
I fill bucket with water and pour dirt then water through the sleuth. or use a hose but that’s wasteful and more expensive re-using water is better too because some minerals will escape. I have a catch at the end to catch the dirt.
The gold is heaviest so it stops at one of the step-bases each step is slightly inclined from the start too to hold back the heavier materials.
check sleuth at the step-base see gold flakes!
@uturniaphobic
What kind of equipment are you using? Do you just dredge and then pan the remains?
look in low spots where rocks form a natural damn. Look under the rocks especially on the incoming flow-side of the rocks.
stream bends are good too any place that slows the stream flow…look for lowest point.
BTW I have about 10 grams of gold now…hit a sweet stop 2 days ago!
get out there!!
@uturniaphobic
I have considered this. I wonder fi there is Gold in PA streams.
strange that dubia iz goin to collapse now and i wonder who owns sum of these companys that is buying up peoples gold and silver
every weekend I head out and dig out old dry stream beds. I take about 3 five-gallon buckets of the dirt back to my home where I dredge it and find GOLD! I’m up to about 1/10 ounce after 3 trips
it’s out there folks! go-n get it
india jsut bought a massive amount of gold from imf
sleek man you moved out just in time. The news of debt default is just out today.
@sleek1978 that’s a true fact,
spot on!
Dubai is 80 billion dollar in debt ! even if they toke the gold back they still have to pay it back to the bankers ! every thing in dubai is based on credit ..everything built on credit…i know this since i live there,but in 2 weeks im getting the hell outta here,i was a tour-guide and since there are no tourists visiting ..no work for me and 35% of dubai`s economy is from the tourism industry another 35 % from emport/export since ur broke,they wont wont import or export,there goes another 35%
I doubt if there is any gold left in Fort Knox since the US redeemed gold up until Nixon when he stopped the practice .. the huge Gold deposits in the WTC disappeared as well
To all Gold EFTs are a scam, if you buy gold own the physical form of it in hand or don’t buy. When gold hits $1,200 and everyone wants to collect on their gold holdings, do you honestly think these companies have the physical gold to send you on demand? The answer is no. Own physical bullion not EFTs.
Gold on paper is like having cash. Get the physical gold. Just my 2 cents.
The logical move would be not to move into gold or buy more gold at this time. If its breaks its high that would be a buy signal. If it hits $1040 it will be time to move in and there will be lots of time to take a position. Anyone who thinks it will just jump to $1200, $1500 or $2000. Ig gold does not hit $1000 it has great risk to drop back to $750.
What kind of company is goldsprings? How do you buy shares I’ve never done it before. But I just saw that they are only .01 cent each. I think I could buy a few hundred or so. I only have about 100 bucks to my name haha
What kind of company is goldsprings? How do you buy shares I’ve never done it before. But I just saw that they are only .01 cent each. I think I could buy a few hundred or so. I only have about 100 bucks to my name haha.
I wouldn’t even wait until Gold hits a $1k before buying even if they are huge positions only because of the risk of scarcity
Search “Happy Rob Buy” by google ,and you will find amazing.
ya it is, im at about a million, but now is a good time to add more..my name is also Dan, i guess thats why we think alike haha
holy **** man, i had to second glance when I saw this comment!
I actually have been with Goldspring since February of last year!
I’ve been working REALLY hard and own 2,000,000 shares!
I feel its a safer bet than holding $25k is Paper Cash Dollars!
grab some goldspring shares while u can