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Kyle Bass’s Warnings about Fractional Reserve Gold Exchanges were PropheticKyle Bass’s Warnings about Fractional Reserve Gold Exchanges were PropheticSubmitted by IWB, on August 3rd, 2015 image: http://adl.investingchannel.com/adtags/log?url=invc.investmentwatchblog/commodities_gold;kval=gold;;tile=4;pos=1;viewcount=02;fp=1;ivp=70;adslot_fp=1;pm_bid=;pm_bidid=;pm_sz=;rb_t=;rb_z=174568;kw=;sz=300x384,300x250,250x250;tl=commodities_gold;pc=pc;rnd=1757532656192779;is_search=false;fm_Down=true;ewzs_Down=true;itb_Down=true;MCHI_Down=true;referer=http://investmentwatchblog.com/kyle-basss-warnings-about-fractional-reserve-gold-exchanges-were-prophetic/;;ord=15236917091534?&atype=jn&itype=ps&ptype=pg&at_status=rf image: http://adl.investingchannel.com/adtags/log?url=invc.investmentwatchblog/commodities_gold;kval=gold;;tile=1;pos=1;viewcount=02;fp=1;ivp=100;adslot_fp=1;pm_bid=;pm_bidid=;pm_sz=;rb_t=10;rb_z=174568;kw=;sz=728x90,970x90,970x250;tl=commodities_gold;;rnd=8885735329240561;is_search=false;fm_Down=true;ewzs_Down=true;itb_Down=true;MCHI_Down=true;referer=http://investmentwatchblog.com/kyle-basss-warnings-about-fractional-reserve-gold-exchanges-were-prophetic/;;ord=15236917091534?&atype=jn&itype=ps&ptype=pg&at_status=rf from The Wealth Watchman: Banks Fork Over Enormous Piles of Metal to Stackers For those who thought June’s stacking strength was merely a fluke, well, let’s just say that July has put all those doubts to rest. The record amount of metal tucked away by stackers and big money in July is the absolute strongest seen in years. Everywhere you look around the world, in every precious metals commentary, you’ll see the words “record” or “unprecedented”…and it is putting enormous pressure on the crooked, fractional-reserve gold “exchanges”, like our good pals at the Comex! In fact, it’s safe to say that the boys running that con are putting in long, sleepless nights, trying to figure out ways to stretch this thing out just a wee bit longer. One look at this fromNick Laird, and you’ll instantly see why! image: http://thewealthwatchman.com/wp-content/uploads/2015/08/Stacker-4.png Brothers, the position of the banksters is becoming unbelievably strained in the gold/silver suppression scheme. That chart above spells overwhelming stress for these crooks and their dying system . However, while it reveals several things that are obvious, some other revelations are hidden. First things first though, let’s take a look at the gobsmacking line item in the graph. Insane Leverage Just take a look at the bottom line, at the long-term leverage on the Comex exchange. You’ll notice several things taking place within the clandestine world of gold-rigging: At just under 120 “owners” per oz of deliverable gold, claims are roughly the highest they’ve ever been. What does this insane leverage mean? Well firstly, it proves that “kooks” like Kyle Bass, who insisted as a fiduciary, that his employers take physical possession of the $1 billion in gold they purchased rights to, were spot on, years in advance! Just take a brief refresher on why he insisted on taking delivery in the first place. Even if you’ve seen it before, watch it again, and then compare those figures to where we are now. Fascinating! Did you catch the actual numbers that made him uneasy? He mentioned $80 billion in claims on gold, and only $2.7 billion in deliverables…. In other words, this sharp, Wall Street vet, was made extraordinarily uneasy by a “mere” 30 to 1 leverage on the Comex(which at that time, was the highest in history)! 30 to 1 is all it took for this man to remove $1 billion dollars of gold from their fractional reserve bullion warehousing/delivery system. Well, brothers, I ask you: what are the “deliverables” now? There are now 351,519 oz of deliverable gold, valued at roughly $387 million dollars! This means that deliverables, in dollar terms, are 7 TIMES LESS than they were when he took the gold and ran! Read more at http://investmentwatchblog.com/kyle-basss-warnings-about-fractional-reserve-gold-exchanges-were-prophetic/#JU4DqEjivkF9Dcq9.99 |
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