Tuesday, April 23, 2013

Major Swiss Bank Defaults on Allocated Gold

Jim Sinclair reported in King World News that a friend of his was denied his gold by a major Swiss bank on the grounds of anti-terrorism and anti money laundering schemes. Although Sinclair took the explanation somewhat seriously, he clearly understood that the Swiss bank did not have the gold.
Sinclair is an iconic gold man whose trading days go back to the first gold rush of the 1970s. Paul Volcker, then chairman of the Federal Reserve, asked him to lead the liquidation of the Hunt brothers vast silver holdings in the wake of the engineered silver crash in 1980. In short, Sinclair has superb contacts and insight into the precious metals markets.
This news comes on the heels of our report yesterday (4/22/2013) that the LBMA and COMEX had virtually defaulted on their gold contracts. The Swiss banks have been stealing allocated gold accounts for years, thinking that no one would come looking for his gold.
While this recent development is disturbing, Sinclair reported that the refusal to deliver gold came from the central bank which is up to its eyeballs in criminal activity. We laughed when we read that the refusal was on anti terrorist grounds. The American Central Intelligence Agency is world's biggest terrorist organization and operates al qaeda as a mercenary army to concoct such operations as the Boston Marathon bombings.
The reason is to complete the establishment of the Nazi state. We repeat again our warning to purchase only physical gold and to keep some of it overseas. The US government has numerous concentration camps in operation as Jesse Ventura reported on his television series Conspiracy Theory.
Those who insist upon retaining their Constitutional rights will be hunted as terrorists and murdered without trial by the US government. Martin Luther King, Jr was only one such victim.
Sinclair - Swiss Bank Just Refused To Give My Friend His Gold, King World News, April 23, 2013

Copyright 2013 Tony Bonn. All rights reserved.

No comments: