New From Sprott: "Do Central Banks Have Any Gold Left, Part II"

Tue, Mar 19, 2013 - 10:43pm

About the Author

turd [at] tfmetalsreport [dot] com ()


Mar 20, 2013 - 12:11am


great to hear from Mr. Sprott.

Thanks for working on the site... I really missed posting this afternoon.

Mar 20, 2013 - 12:15am

Site innards

Feel better than they have for a while. I do hope that indigestion problem has really been routed; groan

Moderator Jane
Mar 20, 2013 - 12:18am

Server FYI

We'll let you know when we feel the server is fully stable, but for now please expect more downtime and outages as things get fixed. We're passing off the hat to the web hosting company right to do some major system checks and other updates while we get some rest. I've been at this all day and I'm exhausted. We hope it will be better tomorrow.

Thanks for your patience and understanding.

Mar 20, 2013 - 12:40am

I didn't realize how many times I go to this page.

Zerohedge, dailypaul, dailybell, and a few others are where I get my News!

Turdle GG
Mar 20, 2013 - 12:42am

Just for a change..

I'll make a comment relating to what Turd just posted.

It scares me that Sprott is providing more circumstantial evidence that the supposed US gold official gold reserves may in fact be gone or largely diminished.

Rickards has always maintained that the US and Europe will be OK under a new gold standard, as they've got the highest gold reserves.

But, if the gold is not there, what lengths will the US go to in order to maintain the current fiat system? To ultimate lengths, I guess, meaning that if you have the world's dominant military force you can always try to steal back the gold that you sold away. But if the major buyers have been China and Russia...

Surely there's another explanation for the missing supply source?

Mar 20, 2013 - 12:43am

From Blogspot


TF, thanks for the kind words. I am disappointed like all that the Morgue escapes again from scrutiny. Only a powerful sovereign, backed by military might, or many tons of gold can possibly shake the truth out of JPM. So, no, no surprise here that some old codger, lifetime appointed federal judge ruled to protect another too big to fail institution. Next up? CFTC ends silver manipulation case and that is that.

What is the lesson, really? Stack and prepare. Feed the Turd.

And to the gang, I love this place! Thanks for being here!

Mr. Fix, I agree that we are witnessing an historic, seething, writhing beast fully trapped in a death spiral of no return. Stay away from all moving parts, keep at a safe distance, wait for the crowds to disperse from boredom, then move forward in the new paradigm.

The new era will be far more equitable, but there is no room for freeloaders.

In the near term, tribal groups are the new normal. Nomads will be vulnerable. Bond with like minded folks, and try to weather the storm. Mr. Fix, get out west and you can stay with me anytime, no questions asked.

Mar 20, 2013 - 1:00am

Stack & prep now, you may not have any $$$ left after this:

The Associated Press reports that health insurers are warning of massive price increases beginning next year:

Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.

The nation’s big health insurers say they expect premiums — or the cost for insurance coverage — to rise from 20 to 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January 2014.

Turdle GG
Mar 20, 2013 - 1:09am

Santa again on KWN

Today legendary trader Jim Sinclair warned King World News that Putin’s decisive victory in Cyprus over the IMF has left the IMF one misstep away from destabilizing and creating massive bank runs throughout the entire Western world.

His meeting in NYC at 2pm on Wednesday coincides with release of Fed minutes and Bernanke speaking at 2:30. I know who I'd rather listen to!

I'm sure the gold bears would love to try to unsettle Santa by raiding gold at 2pm.

Mar 20, 2013 - 1:15am

@ Moderator Jane

Thank you. I was involved as an Admin for a network of a major chemical company. When the network goes down, you are the prime focus.

My problems were always technical, having to deal in todays political world must add a special burden. Thank you!

Thinking back, many of my problems there may have also been political, as I eventually quit because I exposed so much corruption in the plant they couldn't ignore it any longer.

The Watchman
Mar 20, 2013 - 1:20am

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