London Trader - Bullion Banks Had To Halt Gold's Advance

Discussion in 'Markets & Economies' started by AgH20, Oct 17, 2012.

  1. AgH20

    AgH20 New Member

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    King World News posted this interview with London Trader...it may explain why everyone was holding their breath when gold was probing the US$1800 an ounce ceiling. ;)

    http://kingworldnews.com/kingworldn..._Bullion_Banks_Had_To_Halt_Golds_Advance.html

     
    AgH20, Oct 17, 2012
    #1
  2. Mel427

    Mel427 New Member

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    Noob question. As I understand this, the bullion banks are basically trying to prevent gold from going higher? How would a sudden spike effect physical holders as opposed to paper holders? Or would both be negatively effected?
     
    Mel427, Oct 17, 2012
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  3. Emanance

    Emanance Guest

    If the bullion banks can't deliver on a paper promise, paper will go to zero. Physical will sky rocket.
     
    Emanance, Oct 17, 2012
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  4. nonrecourse

    nonrecourse Well-Known Member

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    People have short memories. The Bank of Nova Scotia (Canada) now called the Scotia bank back in 2010 was caught short with no bullion when its customers were paying fees for the allocated and unallocated stores.

    http://truthingold.blogspot.com.au/2010/07/more-on-scotiabanks-fraudulent-bullion.html

    And then to top it off in 2011 for the third year running they were awarded the best bullion bank:lol:

    http://www.scotiamocatta.com/news/ScotiaMocattaAwardedBestBullionBank.pdf

    Kind Regards
    non recourse
     
    nonrecourse, Oct 17, 2012
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  5. hawkeye

    hawkeye New Member Silver Stacker

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    No different from the EU being awarded the peace prize really.

    [youtube]http://www.youtube.com/watch?v=f61KMw5zVhg[/youtube]
     
    hawkeye, Oct 17, 2012
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  6. TheEnd

    TheEnd Well-Known Member

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    Bring it on......I feel the need, the need for Gold to go craaaaaaazy! And finally some truth about how the big players have been rigging the market all along and have the power to allow what ever prices they want.. :rolleyes:
     
    TheEnd, Oct 17, 2012
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  7. GoldenEgg

    GoldenEgg Member

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    I think gold will top 1800 in the next month.You can't hold down precious metals forever.
     
    GoldenEgg, Oct 17, 2012
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  8. TheEnd

    TheEnd Well-Known Member

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    Exactly.
     
    TheEnd, Oct 17, 2012
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  9. Emanance

    Emanance Guest

    Emanance, Oct 17, 2012
    #9
  10. Guest

    Guest Guest

    When they lower the price of gold from now till the end off its bull run there will be an ever growing base of people who will buy
     
    Guest, Oct 17, 2012
    #10

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