Wednesday, April 7, 2010

OK.... Where Have All Of Canada's Gold Reserves Disappeared To?

The recent revelations about criminal insider and "short" trading of Gold by representatives of JP Morgan and Associates to the tune of some 5 TRILLION dollars possibly lost or stolen should have many people around the world up in arms and demanding a full investigation. However, the criminal Zionist Jewish controlled MSM continues to avoid this subject at all cost, and thus keeping many people unaware that as a result of this nefarious situation, their nations are now at the point of total economic collapse.

Now here is a new twist on the Gold Market swindle exposure. It seems that there is almost NO Gold bullion in Canada's own reserves! Here is an article from www.zerohedge.com, that gives great detail into this newest and most disturbing revelation:

The Latest Gold Fraud Bombshell: Canada's Only Bullion Bank Gold Vault Is Practically Empty

Tyler Durden's picture




Continuing on the trail of exposing what is rapidly becoming one of the largest frauds in commodity markets history is the most recent interview by Eric King with GATA's Adrian Douglas, Harvey Orgen (who recently testified before the CFTC hearing) and his son, Lenny, in which the two discuss their visit to the only bullion bank vault in Canada, that of ScotiaMocatta, located at 40 King Street West in Toronto, and find the vault is practically empty. This is a relevant segue to a class action lawsuit filed against Morgan Stanley, which was settled out of court, in which it was alleged that Morgan Stanley told clients it was selling them precious metals that they would own in full and that the company would store, yet even despite charging storage fees was not in actual possession of the bullion. It appears that this kind of lack of physical holdings by all who claim to have gold in storage, is pervasive as the actual gold globally is held primarily in paper or electronic form. Lenny Organ who was the person to enter the vault of ScotiaMocatta, says "What shocked me was how little gold and silver they actually had." Lenny describes exactly how much (or little as the case may be) silver was available - roughly 60,000 ounces. As for gold - 210 400 oz bars, 4,000 maples, 500 eagles, 10 kilo bars, 10 one kilogram pieces of gold nugget form, which Adrian Douglas calculates as being $100 million worth, which is just one tenth of what the Royal Mint of Canada sold in 2008, or over $1 billion worth of gold. As Orgen concludes: "The game ends when the people who own all these paper obligations say enough and take physical delivery, and that's when the mess will occur."

Also note the interesting detour into what Stephan Spicer of the Central Fund Of Canada, said regarding his friend at a major bank, who wanted access to his 15,000 oz of silver, and had to wait 6-8 weeks for its to be flown in from Hong Kong.

It is funny that central bankers thought they could take the ponzi mentality of infinite dilution of all assets coupled with infinite debt issuance, as they have done to fiat money, and apply it to gold, in essence piling leverage upon leverage. They underestimated gold holders' willingness to be diluted into perpetuity - when the realization that gold owned is just 1% of what is physically deliverable, you will see the biggest bank run in history.

Link to full Eric King interview.

NTS Notes: OK... If there is no Gold bullion in Canada's reserves... Where the hell did all the Gold disappear to? And it brings up a major point... If Canada has almost ZERO Gold in its own strategic reserves, then how does that bode for other nations' own reserves?

This is a bombshell, and some very important material that should be spread around to everyone. It is time for people to quit getting brainwashed by their Idiot box televisions, and concentrate on subjects such as this one. Our very financial futures and our very livelihoods are seriously at stake!

More to come

NTS

10 comments:

Northerntruthseeker said...

OK... For my readers: I have had one very annoying poster comment that I am using the word "has" rather than "Have" in the title of this article....

I will correct that small fault if that is all that is found wrong with this article.... Picky, Picky!!

Anonymous said...

I had just come by to let you have a link to the same news, NTS. I wonder what amounts which are left would be from the tungsten smelters? I suggest we look closely at what is on the walls of any new temple in Tel Aviv - or in the dungeons beneath Rothschild estates.

Flanders

Guava said...

The content posted above is really appreciable and worth a read. Good job done..

Anonymous said...

Canada is broke indeed. Here is the link to Bank of Canada statement. http://www.bankofcanada.ca/pdf/bfs.pdf. Table I2 shows gold reserves. Canada has gold reserves for 142 million dollars of market value. It converts to 3 metric tonnes of gold. This report doesn't favour Canada either: http://en.wikipedia.org/wiki/Gold_reserve
This is what the reserves were before, based on the Reuter's report: http://www.ratical.org/ratville/CAH/linkscopy/Cshift2euro.html. In case freedom loving Canadians want to know who owns their water, they can check it here, the interesting part is that the government gave away these rights on behalf of the people. http://www.env.gov.bc.ca/wsd/water_rights/cabinet/water_rights_in_bc.pdf
The first line of the brochure explains it all. The country is broke and looted, but nuckleheaded Canadians refuse to believe it.

Anonymous said...

Canada is broke indeed. Here is the link to Bank of Canada statement. http://www.bankofcanada.ca/pdf/bfs.pdf. Table I2 shows gold reserves. Canada has gold reserves for 142 million dollars of market value. It converts to 3 metric tonnes of gold. This report doesn't favour Canada either: http://en.wikipedia.org/wiki/Gold_reserve
This is what the reserves were before, based on the Reuter's report: http://www.ratical.org/ratville/CAH/linkscopy/Cshift2euro.html. In case freedom loving Canadians want to know who owns their water, they can check it here, the interesting part is that the government gave away these rights on behalf of the people. http://www.env.gov.bc.ca/wsd/water_rights/cabinet/water_rights_in_bc.pdf
The first line of the brochure explains it all. The country is broke and looted, but nuckleheaded Canadians refuse to believe it.

Anonymous said...

Put it on facebook my friend. I'm Timmy JT Harris there. I too will do this from my end, true democracy is upon the horizon and the sun always rises. Today's tech and modern personality tests allow for almost perfect transparency. Reformation of Canada is easy to start right now while two autocracys have been toppled in 2 months

Northerntruthseeker said...

Sorry, but I do not and never have trusted "Facebook" and other control sites...

Facebook to me is a weapon of control... I can give very easily many sites and information that backs that up....

Anonymous said...

fort knots in kentucky has had all the gold removed by the federal reserve in the 30s. Reagan wanted an audit of the reserves and was shot for it. After that he backed off and stayed away from the problem.

Christopher Dos Santos said...

I thought these graphs of global gold reserves might interest you.

http://gata.org/node/104

Anonymous said...

Good Lord, here we go again. Is there anyone that we can trust? Anyone? Guess not. As for myself and gold... I have never dabbled with it and I'm much better off for that.