Gold Above Ground

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Mon, Nov 4, 2013 - 12:07pm Nick Elway
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Jim Willie's 100 Trillion in gold

https://www.silvertardsweride.com/2013/10/dr-jim-willie-backs-my-intervi...

Quote:
The Jackass has three sources that confirm the White Dragons have $100 trillion in gold bars.

Let's do the math:

$100 Trillion dollars at $1300 per troy ounce is 77 billion troy ounces

77 billion troy ounces at 32151 troy ounces in a tonne is 2.4 million tonnes

OOPS that's out of bounds even for a Jim Willie cheerleader like me.

I wonder if JW's sources could be talking about JW's $7000 an ounce number?

Then we'd have

$100 Trillion dollars at $7000 per troy ounce is 14 billion troy ounces

14 billion troy ounces at 32151 troy ounces in a tonne is 440 thousand tonnes

Which is in the same order of magnitude with the Hudes numbers.

Let's ask Jim Willie to clarify how many troy ounces or tonnes he is talking about and what dollar valuation per ounce he and his sources were thinking of.

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What if the 6 trillion in (gold) bearer bonds dated 1934 were real?

https://www.silvertardsweride.com/2013/10/my-interview-to-karen-hudes-wo...

$6 Trillion (1934) dollars in gold at $34 per ounce(in 1934) would be 176 billion troy ounces or 5.5 million tonnes of gold supposedly backed by the bonds.

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My personal conclusions:

The "hidden gold" amounts and value are exaggerated.

The 6 trillion bearer bonds were fake.

There is certainly hidden gold. People and institutions have been hiding gold for thousands of years.

I believe that the total amount of gold above ground is within a factor of 2 of the accepted numbers (all of the accepted numbers are under 200 thousand tonnes). The modern day miners work hard, there are more of them, and they have better technology than the ancient miners.

I believe JW and Hudes have swallowed some disinformation, perhaps given to them to make them less credible.

Tue, Dec 10, 2013 - 5:57pm
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torn asunder posts 2013 global gold and mine ranking infographic

Mon, Jan 13, 2014 - 3:30am
Hammer
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Maybe this helps somewhat

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Mon, Jan 13, 2014 - 10:58am Hammer
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re: chart global gold mines with over 1 million ounces

Thanks Hammer! That's a nice pdf https://www.visualcapitalist.com/wp-content/uploads/2013/11/global-gold-mine-and-deposit-rankings-2013.pdf and Roy Sebag's "Peak Gold" text is an extra bonus, a good summary of fiat and commodity money and Keynes and Hayek.

I had gone along with the commonly accepted "The earth's crust has 16 ounces of silver for every ounce of gold" so I was surprised to see Sebag's "Silver is 60X more abundant than gold" (page 11 of the pdf) I went to wikipedia to disprove him:

https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust

Sebag was right! (The wikipedia article has good references, looks good to me)

The article had the familiar annual 2700 tonnes of gold production and 24000 tonnes of silver production.

I learned something today.

Thu, Jan 23, 2014 - 8:36am
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safety dan chimes in with yamashita's treasure post

https://www.tfmetalsreport.com/comment/242828#comment-242828

Quote:
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The answer is obvious: the banks that maintain the US government’s stolen gold are above the law, and if they stonewall long enough, anyone trying to sue them will eventually fade away. The Seagraves asked the Treasury Department, Defense Department, and the CIA for records on Yamashita’s gold in 1987, but were told the records were exempt from release. During the 1990s, the records mysteriously went missing. Other records were destroyed in what the Seagraves caustically call "history laundering."

Did you know Hoover's son had to get permission from the Treasury to sell $100 million worth of gold bullion?

So I ask again, what if.. What if the gold is being held hostage. Btw, where did the Federal Reserve get 16 Trillion to lend out? What if....

https://www.tseatc.com/yamatodynasty.html

https://www.counterpunch.org/2003/09/25/gold-warriors/

Sun, Mar 2, 2014 - 6:36pm
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FOFOA Gold Above Ground

FOFOA is also in the 177,000 tonnes camp

https://fofoa.blogspot.com/2014/02/think-like-giant-3.html

Quote:
I want to make it clear that estimates of the amount of gold mined throughout all of history, currently around 177,000 tonnes, are quite reliable. (Note that estimates vary, so a reasonable margin of error, like 3% or so, should be assumed.) Here's a table from the USGS of how much gold was mined globally going back to 1900:

(go look at FOFOA blog for this one)

Quote:
The data comes from these historical tables put out by the World Gold Council:

Quote:
In addition to the gold accumulated as central bank reserves, there was also more than 7,000 tonnes of gold that was minted into gold coins which circulated through the economy and within the commercial banking system as reserves during that same 95-year timeframe. But as you can see from the next table, following the FDR confiscation, most of that coinage ended up right back in the central banks.

Quote:
To complete this picture, today central banks hold only about 18% of the world's gold. But even though the percentage has dropped, the absolute amount is almost the same as it was at the height of the gold standard. In 1952, what was the peak of the Bretton Woods gold standard just seven years after the war, central banks held 31,562 tonnes, and in 2014 that number is 31,320, virtually the same.

All that really changed is that we mined another 107,800 tonnes since 1952. So where did it all go?

My extrapolation is that new gold, that is, new mining supply, is always distributed at the market price. It comes out of the ground slowly, and it is acquired and accumulated slowly, "over years, at better prices," meaning the open market price. In this way, it is easy to imagine where 107,800 tonnes went over the past 62 years.

Sun, Mar 2, 2014 - 11:07pm
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safety dan chimes in with Yamashita gold story

https://www.tfmetalsreport.com/comment/248366#comment-248366

Quote:

YAMASHITA'S TREASURE - ROXAS BUDDHA # 1

YAMASHITA'S TREASURE - ROXAS BUDDHA # 1 https://www.youtube.com/watch?v=ZJV_59aRsBg YAMASHITA'S TREASURE - ROXAS BUDDHA # 2

I’ve read other books, i.e., Seagraves’s Gold Warrior & The Gold of the Sun by Curtis and learned about the CIA’s golden 170+ bank accounts.

But there is more. https://www.tseatc.com/yamatodynasty.html

Sat, Mar 15, 2014 - 1:13pm
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marcos gold and 9/11

safety dan chimes in

https://www.tfmetalsreport.com/comment/250130#comment-250130

Quote:

Plunder & Pillage got me thinking and reviewing 9/11's Commissioned Report of December 2008, fifth edition, unpublished version linked below:

https://www.scribd.com/doc/17233336/September-11-Commission-Report-Revised-December-2008

On page 156 mid-page is this excerpt:

"(David) Guyatt goes on to claim that a letter from Henry Kissinger …demanded that Marcos sell "63,321 tons of gold to 2000 US and European banks ….." The letter was dated February 21, 1986. Marcos refused and was overthrown as a result of his refusal. Imelda Marcos, however, chose to sell the gold to avoid criminal charges, and the gold was transferred aboard the US Eisenhower to the United States." [Nazi Gold, Part 10: The Emperor's Golden Lily, Glen Yeadon , Copyright 2001-2004]

The question may be asked: how and why did George Bush Sr. get control of a portion of that gold. The answer is reported by Wayne Madsen.

But that's not what got me focused on the report.. it was the previous pages of the 9/11 commissions report, see 7.1 Tonnes of Illegal Gold, on bottom of page 153 and moving through to 155:

While the early reports of this Philippine treasure were generally regarded by the media as rumor, the story was subsequently well substantiated by the reporting of David Guyatt and others. A major source for this documentation was a death bed statement by Brigadier-General Erle Cocke, in April 2000. Cocke was a banker before he became a black operative. He had worked as a “fixer” for "every President since Truman."Additionally, he was an Alternate Executive Director of the World Bank for four years, a member of the US delegation to the UN for two years running, with the pay and rank of aUS Ambassador, a Knight of Malta and a Shriner Mason. According to these sources:"the OSS--the wartime forerunner of America's spy agency, the Central Intelligence Agency (CIA)--began recovering the bullion plundered from a dozen or so nations. This bullion formed what became known as the "Black Eagle" fund, which was part of a secret agreement eclipsed behind the 1944 Bretton Woods Agreement. Consequently, the metal was placed under the care of OSS (and later CIA) operative Severino Garcia Santa Romana, who put it under the control of numerous corporate entities he formed for the purpose. These entities, in turn, proceeded to establish 176 bank accounts in 42 different countries in which to deposit these assets under private treaty agreement……. Santa Romana died in 1974, and following his death his former attorney and trustee was able to "acquire"....

This Marcos gold would be a fund the use of which had to be protected from ever being exposed to the world. It would be a fund that investigators housed in the World Trade Center were on the path to uncover. It would provide the basis for the “National Security” rationale for all the cover-up associated with the government investigation of the destruction of the WTC.

Keep in mind this is in the report of the investigation of 9/11.... I'm wondering what the government is protecting us from, by hiding this 60,000 tons of gold? If anyone know's, please feel free to share with me..... Did someone forget to add the 60,000 tons to the Treasury records? I see "acquire" in the report.

Sat, Mar 15, 2014 - 7:18pm
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oops, that was a 9-11 truther document

I missed that the "September 11 Commision Report" was a truther document (not that there is anything wrong with that)

The official government story document is: https://www.9-11commission.gov/report/911Report.pdf (seems to be a lobbying tool for Patriot Act and Department of Homeland Security )

The only mention of gold was

Quote:

In July 1999, the President applied the same designation to the Taliban for harboring Bin Ladin. Here, OFAC had more success. It blocked more than $34 million in Taliban assets held in U.S. banks. Another $215 million in gold and $2 million in demand deposits, all belonging to the Afghan central bank and held by the Federal Reserve Bank of New York, were also frozen.

Mon, Oct 6, 2014 - 3:58pm
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re Hudes

https://goldchat.blogspot.com/2014/07/205000-or-205-tonnes-of-gold-why-c...

This article by Bron should be of some use...and perhaps amusement.

Thu, Nov 6, 2014 - 11:11am Motley Fool
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Thanks MF

I was checking in on the Gold Above Ground forum and found this gem from you:

https://www.tfmetalsreport.com/comment/624953#comment-624953

I did indeed chuckle. Bron makes sense that Hudes' assertion of 205,000 metric tonnes came from her assuming the comma was american thousands instead of a rest-of-the-world decimal point.

Thanks