are right about how their metals are the
answer to the fall of fiat money.
Their persistent reporting is good. One day
it will lead to the fall of fiat money.
However, they often talk sh*t like
"Gold to a million tomorrow" that
makes them look like kids in a candy
store.
They also can't see the obvious in front of
them.
The Bank of England (bullion storage) chose
to do some public obfuscation by...opening
its doors to the Queen and to a Professor Fopp.
The Prof goes in and waxes eloquent about
the shiny stuff. What do the bugs say?
"The Chem prof didn't talk about
re-hypothecation" I suppose they're half-joking.
Prof says "this can't all be real", and the bugs
call the shiny stuff tungsten gold which
would be fraud.
Why didn't they offer to give the prof a hacksaw?
Why would you have a Chemistry professor go into
a gold vault if he was not allowed to test what he sees.
The first rule of chemistry is don't make assumptions,
test the f%&&king thing.
They could have discussed how it is possible to
detect if a metal is what the BoE says it is. There
must be a tester. They should have torn the
prof a new ass for not doing that.
Since the time of this piece of Precious Metals theatre
half the world is asking for their gold back.
Venezuela
Azerbaijan
Switzerland
Germany
Holland
So, much of what the prof was gazing at will be leaving
London soon. Time for an English Job. The best
cure for unemployment.
What will the countries get back? if they're given
tungsten, what will they do? Will they scream
"fraud" or just shut up, so as not to rock the markets?
check this: Silver
doctors
Chemistry
Professor Tours BOE’s Gold Vault: “It Can’t Possibly Be Real!”
Posted
on December 9, 2012 by The Doc| 10 Comments
In
what is no doubt a propaganda piece designed to attempt to slow the gold
repatriation and audit request freight train, the Bank of England has taken the
unprecedented step to allow University of Nottingham chemistry Professor Martyn
Poliakoff to take a video tour of the BOE’s gold vault.
Poliakoff
excitedly proclaims that he has never seen this much tungsten gold (or this
much of ANY element he clarifies), and states that his gut tells him that
“one’s first reaction is that it can’t possibly be real“.
Poliakoff
lets out a little too much truth in his interview (perhaps the BOE should have
commissioned someone from the BBC to conduct the interview rather than a
Chemistry professor?), stating that the reason the BOE and the central banks
keep so much of their reserves in gold is because the value of gold is very
stable compared to the value of currencies.
He
also explains how the futures market really works: Each bar has a serial
number, and when people buy and trade the gold, they don’t actually take the
bar home, the number is just transferred from the seller’s account to the
buyer’s account. (What Poliakoff doesn’t
mention is whether each bar has been rehypothecated to numerous owners as Ned
Naylor-Leyland discovered was the case with Bop Pisani’s GLD bar last spring)
