There is no spoon

[Anonymous No.18288016]

You may have seen the movie Matrix. The story is of humanity being used as production plant for something, the people live a life completely within their heads, controlled by computer simulations. The key to the hero's survival and success is realizing that the world around him, in which he grew up all his life, is completely false. Walking through a room full of people trying to free themselves from the images bombarding their brain, he crosses a kid bending a spoon. He asks the kid; how did he bend the spoon. The kid says, it's simple, there is no spoon.
What is played before us in the world is a hoax that you have been conditioned by daily experience to accept as reality. But there is a cost to the charade and a cost to you. But you can't bring yourself to come to the conclusion when you watch CNBC, read the Journal or Investor's Business Daily, etc. that they are involved in a theatrical production; that they are like well-trained actors in a drama about money that never was. Remember - There is no spoon.

[Anonymous No.18288026]

It all starts here
1997 - When the once highly secretive London Bullion Market Association (LBMA) -- its venerable membership comprising the world's largest gold dealers -- published its daily clearing volume for the first time in January 1997, it rocked the tight-knit world of international gold traders and analysts.

According to this first of many subsequent LBMA press releases, thirteen hundred tonnes of gold (representing more than 50% of the world's annual mine production) changed hands daily in this fog-shrouded center of the global gold market. This figure represented over $10 billion per day and $4 trillion per year in bullion banking activity!
The gold market had always stood in austere, quiet contrast to the highly charged, mega-volume world of stocks and bonds. Now this first LBMA report forced analysts, investors, and brokers to reassess their understandings of the gold market. While some reveled in the glow of the large LBMA numbers, others began to raise some very important and rather unsettling questions.
First, why was this much gold on the move?
Second, where was all this gold going?
And third, where was all this gold coming from?!
Then, in October of 1997 at the internet's only gold discussion forum of the day (hosted by Kitco), a series of remarkable postings began appearing under the pseudonym "ANOTHER", offering plausible answers to those questions.
What followed in a seemingly incongruous stream of thought over many months was, in the fullness of time, seen to blend into a logical whole by many astute readers following the complete text.
If you are not similarly moved to at least reassess your own view of the international financial scene after reading what's revealed below, then you are either firmly entrenched in your world view, or you've been numbed by too many hours of Wall Street's cheerleader (CNBC)
Make aspirin ready – you will need it.

[Anonymous No.18288039]

It was once said that "gold and oil can never flow in the same direction". If the current price of oil doesn't change soon, we will no doubt run out of gold. This line of thinking is very real in the world today but it is never discussed openly.
You see oil flow is the key to gold flow. It is the movement of gold in the hidden background that has kept oil at these low prices. Not military might, not a strong US dollar, not political pressure, no it was real gold. In very large amounts.
Oil is the only commodity in the world that was large enough for gold to hide in.
No one could make the South African / Asian connection when the question was asked, "how could LBMA do so many gold deals and not impact the price". That's because oil is being partially used to pay for gold! We are going to find out that the price of gold, in terms of real money (oil) has gone thru the roof over these last few years. People wondered how the physical gold market could be "cornered" when its currency price wasn't rising and no shortages were showing up?

[Anonymous No.18288056]

The CBs were becoming the primary suppliers by replacing openly held gold with CB certificates. This action has helped keep gold flowing during a time that trading would have locked up. (Gold has always been funny in that way. So many people worldwide think of it as money, it tends to dry up as the price rises.)

Westerners should not be too upset with the CBs actions; they are buying you time!

[Anonymous No.18288075]

So why has this played out this way?
In the real world some people know that gold is real wealth no matter what currency price is put on it. Around the world it is traded in huge volumes that never show up on bank statements, govt. stats., or trading graph paper. The Western governments needed to keep the price of gold down so it could flow where they needed it to flow. The key to free up gold was simple. The Western public will not hold an asset that is going nowhere, at least in currency terms. (if one can only see value in paper currency terms then one cannot see value at all)
The problem for the CBs was that the third world has kept the gold market "bought up" by working thru South Africa! To avoid a spiking oil price the CBs first freed up the public’s gold thru the issuance of various types of "paper future gold".
As that selling dried up, they did the only thing they could, become primary suppliers! And here we are today. In the early 1990s oil went to $30++ for reasons we all know. What isn't known is that its price didn't drop that much.
You see the trading medium changed. Oil went from $30++ to $19 + X amount of gold! Today it costs $19 + XXX amount of gold! Yes, gold has gone up and oil has stayed the same in most eyes.
Now all govts. don't get gold for oil, just a few. That's all it takes. For now! When everyone that has exchanged gold for paper finds out its real price, in oil terms they will try to get it back. The great scramble that "Big Trader" understood may be very, very close. Now my friends you know where we are at and with a little thought, where we are going.

https://www.gold.org/what-we-do/official-institutions/central-bank-gold-agreements/first-central-bank-gold-agreement

[Anonymous No.18288085]

>>18288026
my body is ready

[Anonymous No.18288098]

As market matures central banks conclude that a formal gold agreement is no longer necessary
26 July 2019
• Signatories of the fourth Central Bank Gold Agreement no longer see need for formal agreement as market has developed and matured
• Signatory central banks confirm gold remains an important element of global monetary reserves and none of them currently has plans to sell significant amounts of gold
The European Central Bank (ECB) and 21 other central banks that are signatories of the Central Bank Gold Agreement (CBGA) have decided not to renew the Agreement upon its expiry in September 2019.
The first CBGA was signed in 1999 to coordinate the planned gold sales by the various central banks. When it was introduced, the Agreement contributed to balanced conditions in the gold market by providing transparency regarding the intentions of the signatories. It was renewed three times in 2004, 2009 and 2014, gradually moving towards less stringent terms.
Since 1999 the global gold market has developed considerably in terms of maturity, liquidity and investor base. The gold price has increased around five-fold over the same period. The signatories have not sold significant amounts of gold for nearly a decade, and central banks and other official institutions in general have become net buyers of gold.
The signatories confirm that gold remains an important element of global monetary reserves, as it continues to provide asset diversification benefits and none of them currently has plans to sell significant amounts of gold.

Signed ... The ECB

[Anonymous No.18288125]

Now Back to the Story!
Why did LBMA go public?
Ever notice how many important middle eastern people keep a residence in London. It's not because of the climate.
The most powerful banks in the world today are the ones that trade oil and gold. It is in the "city" that the deals are done by people who understand "value"! Westerners should be happy that they do because the free flow of oil and gold has allowed this economic expansion to continue these past few years.
Understand that oil is still traded for a certain number of US$ but after the deal is done a certain amount of gold is also purchased "with the future flow of oil as collateral". If the world price of gold gets to high then the oil price is falling. So long as gold stays cheap in currency terms oil will be in good supply.
Too hard to follow? If real physical gold trading dries up its price will rise forcing down the value of oil. All this year physical gold volume kept drying up as paper short volume exploded. But, each time before a squeeze started to run the price the CBs would sell thru LBMA . You see, when paper trading (of anything) volume dries up it's a bearish sign but when real physical gold volume drops it's bullish!
That’s because gold is being cornered on a scale never seen in history. LBMA is doing its best to show real volume exists! The problem is, "if the CBs don't expand their roll as "primary suppliers" LBMA will implode and in the process create the greatest bull market in oil and gold the world has ever seen. That is why some "Big Traders" are holding ONLY gold as events unfold. Interesting, don't you think?

[Anonymous No.18288137]

yeah i think everybody and their grandma saw matrix

[Anonymous No.18288145]

One of the great money troubles facing the western currency system today is that many third world people are starting to put a "mind value" on real money, gold. These people don't know the true value of gold money but they know it's worth a whole lot more than the world paper currency price now placed on it.
And that brings us to the next problem; how can paper currency that represents "the thoughts of a nation blowing in the wind" be used to value real money of ancient world class proportions, gold? It cannot! Any price you can think of will do, as in no price will work!
How did we come to this unworkable mess?
The best way to rework the public’s mind about gold money was by changing the way it was viewed. "It's money of course but let's also call it a "commodity! Then we can place a "paper" value on it and denominate it in all forms of future contracts. It will lose it's true value as money in people’s minds and be priced in an unrealistic paper format." And here we are today!
The banks must sell all the gold they have to keep the system together. And once it is all sold and the financial markets implode the nations will use "whatever force is necessary" to pull the gold back in!
That action in and of itself would show the true value of gold money!

[Anonymous No.18288159]

What of the LBMA mess?
Gold is cornered. Plain and simple. No complicated theories, no options problems. The commodity value of gold was forced so low in paper currency terms that all of the new mined gold, going out some 10 years is spoken for. Between the third world buying physical gold and the jewelry industry (same people buying) there is none left for the oil states! They do value oil in terms of gold, but not IN the paper currency price of gold!
How much is gold worth in terms of oil value? Just stop supplying gold to them in ultra-cheap US$ terms and you will find out by watching the currency price of oil! In any event, LBMA has traded so much paper/oil/gold that any rise in the currency price of gold will implode them. The CBs must become the full primary suppliers of gold or the system as we know it is done.
One last note: No form of paper wealth will survive the financial crush once the CBs stop selling!
NOTHING!

[Anonymous No.18288184]

How DO they do it?
It's more complicated than this but here is a close explanation. In the beginning the CBs didn’t sell their own gold. They (thru third party) found someone else who had bullion. That "party" sold to a broker who sold forward for a mine or speculator or government. In the end the 3rd party had the backing from the broker that he had backing from the CB to supply physical if needed to put out a fire. The CB held a very private note from the broker as insurance and was paid a small fee.
This process mobilized free standing bullion outside the government stockpiles. The world currency gold price was kept down as large existing physical stockpiles were replaced by notes of future delivery from the merchant banks (and anyone else who wanted to play)
This whole game was not lost on some very large buyers WHO WANTED GOLD BUT DIDN'T WANT Its MOVEMENT TO BE SEEN! Why not move a little closer to the action by offering cash directly to the broker/bank (to be lent out) in return for a future gold note that was indirectly backed by the CBs. That "paper gold" was just like gold in the bank. The CBs liked it because no one had to move gold and it took BIG buying power off the market that would have gunned the price!
It also worked well as a vehicle to cycle oil wealth for gold as a complete paper deal.

[Anonymous No.18288204]

Are you with me?
Well a funny thing happened right after the Gulf war ended. What looked like big money before turned out to be little money as some HK people, I'll call them "Big Trader" for short, moved in and started buying all the notes and physical the market offered. The rub was that they only bought low, and lower and cheaper. They never ran the price and they never ran out of money. Seeing this, some people (middle east) started to exchange their existing paper gold for the real stuff. From that time, early 1997 LBMA was running full speed just to stay in one spot! (see LBMA clearing volume from second post)
In other words, paper volume had to increase to the physical volume on a worldwide scale, and that was going to be one hell of a jump. It could not be hidden from the news any longer.
This was not far from the time that "Big Trader" said that "if gold drops below $370 the world would see trading volume like never before seen". The rest is history. Now the CBs will have to sell 1/3 to 1/2 of their gold just to cover what’s out there.
To use the Queens English "it ain't gona happen dude"!
Everything is now upside down and reversed. The more the CBs sell outright the more the price will rise.
It's not a bearish sign anymore. They will now sell to keep the price rising slowly.
What of those T-bonds and the US$?
More later.

[Anonymous No.18288226]

I ask you now: " Is it hard to believe or hard to understand"? When it comes to money it's usually both.
Know this: "gold transcends human valuations thru time and life". Take your time on this one! Gold is now caught in a crossfire of world thought. The traders are viewing it as a commodity and trying to make money on its moves using various paper trading vehicles. Their opinion of the market is flawed because the "real value buyers" would never deal with these people or let anyone in that circle know they are buying gold as "money"! The major buying and selling is between CBs, nations, merchant banks, "the super-rich" and the hordes of small buyers in forgotten places.
That is one of the small many reasons wall street hates gold, they are not part of the real action.

Comex is a side show!

[Anonymous No.18288253]

First a reprint;
"You see the trading medium changed. Oil went from $30++ to $19 + X amount of gold!
Today it costs $19 + XXX amount of gold! " If you owned a commodity in the ground that had to be sold for paper currency in order to realize value what would do? Yes, the oil in the ground may last another 50+ years but will the bonds and currencies of other governments last that long? One thing you don't do is buy gold outright, it would cause it to stop trading as a commodity and start trading as money!
You learned that in the late 70s. Nor do you acquire "real gold money" in any fashion that would allow a comparison of price trends ( graphs ) ! There must be a way to convert the true wealth of oil into the outright wealth of gold. We know that oil is a consumed wealth of a momentary value that is lost in the heat of fire.
The stars blink and it is oil wealth no more!
It has become "the debt of nations " now owed to you. Gold on the other hand is not a commodity as many assume, as it is truly "the wealth of nations " meant to last thru the ages! A wise oil nation can strike a deal with the paper printers and in doing so come out on top. Go back a few years to the early 90s. Oil is very high; you offer to lower the US$ price in return for X amount of gold purchasing power. You don't care what the current commodity price of gold is, your future generations will keep it as real wealth to replace the oil that is lost. Before the future arrives, gold will be, once again valued as money and can be truly counted on to appropriately represent all oil wealth!

[Anonymous No.18288270]

The Deal:
We (an oil state) now value gold in trade far higher than currencies. We are willing to use gold as a partial payment for the future use of "all oil" and value it at $1,000 US. (only a small amount of oil is in this deal) And take a very small amount of gold out of circulation each month using its present commodity price.
If the world price can be maintained in the $300s it would be a small price for the west to pay for cheap oil and monetary stability. The battle is now between CBs trying to keep gold in the $300s and the "others" buying it up. In effect the governments are selling gold in any form to "KEEP IT" being used as 'REAL MONEY" in oil deals! Some people know this, that is why they aren't trading it, they are buying it.
Not all oil producers can take advantage of this deal as it is done "where noone can see". And, they know not what has happened for gold does not change in price! But I tell you, gold has been moved and its price has changed in terms of oil! For the monthly amount to be taken off the market has changed from $10 in gold (valued at $1,000) /per barrel to the current $30 in gold /per barrel still valued at $1,000! Much of this gold was in the form of deals in London to launder its movement. Because of some Asians, these deals are no longer being rolled over as paper!
What is happening now is far, far larger than the interest of a few traders or mining companies. They will be stepped on! more on US$ and T-bills.

[Anonymous No.18288287]

There is only one oil state that counts! Only one! They have made it very clear how important gold is to them. If they had started buying outright, gold would have gone to $5,000+ in days. And only a very few million ozs. would have been purchased! The message has been for some years, "we will accumulate thru the back door, using paper deals if you keep the price at or below the cost of production". Do this and oil will remain THE driving force of the world economy!
FAIL THIS AND WE WILL PRICE GOLD IN DOLLARS AT THE TRUE VALUE OF OIL TO THE WORLD!
You see, gold is not a commodity. The CBs have used every weapon to keep its price low . Understand me, Gold is now, today, a devalued currency being used in world trade! Do you think the CBs are selling gold to keep the dollar strong?
They don't have to sell to accomplish that feat! CB gold (one billion oz?) valued at its current commodity price is only worth 300 billion, it's nothing in that price range! They know what it's US$ price is worth in terms of oil! They are not stupid as they show.
You should not think they are dumb! Invest in gold mines, will you? Notice how quick the
Australian CB hinted at taking "gold in the ground" if needed. This was said after their sale! The nature of the coming crisis will make the taking of investor property a piece of cake.

[Anonymous No.18288305]

You see, because gold is a commodity, you will be compensated at the commodity price of return + a fair profit, of course. How much further can they take this? The world private stockpiles that could be sold have been. The CBs are heavy into their own stuff now and are over their heads if they had to make good on all the private deals (read my other posts) . The economic game is ending now and has been from the start of 1997! Watch closely as the world currencies and markets fall one by one. Watch in absolute wonder as the demand for oil plunges and its price goes thru the roof. Yes, oil stocks will crash with the markets. And gold? You will never know its price. It will stop all trading as it slices thru $10,000+.
Who am I? As I will not be around for long so I am no one.
But, follow with me as all of this takes place in your time!

[Anonymous No.18288324]

If you are searching for facts you will find them, but the items you find will not be true! Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see?
We cannot take what is on the outside as evidence for what is on the inside. To find the answer work with inside assumptions and extrapolate them to the outside!
Think now:
Would the world CBs really have kept gold this long if they only valued it at its ongoing commodity price? Cannot only the offer of gold have some value in a deal? Can paper gold that has a commodity face value of, say $300 be traded for its true value of many thousands? Indeed, if your worldly investments (US stock market?) are valued in the long run by a full supply of oil, would not future gold in a Swiss acct. make a good trade?
Do the oil states think our military is there to protect them or protect oil?
Fact: If the world bids up the price of gold, all deals will be off!
It would be every nation for themselves. Oil would explode in price!

[Anonymous No.18288340]

Where are my THOUGHTS leading?

The Central Banks have known for quite some time the true value of gold in today's paper world. In a very real sense, they are on our side. Let's take their side if you will. They are not dumb or stupid, in fact many of them are the best of the best! You see, the world grew up and ran away from them, totally out of control. It has left in its wake a money system of colossal debt and political mismanagement. They know it is over.
We are all at a giant poker table and the CBs act as the dealer. One day soon the game will end and the players will try to cash in the chips. In that day the dealer will act in our own best interest. They will not pay out gold for the chips. The money system will start over, from scratch.

[Anonymous No.18288350]

Also:
It is easy to know that gold could not have been traded for all oil sold. This was never the intent. They only wanted to pull a small amount out of circulation on a regular basis. Using a small amount of oil as a partial trading vehicle gold could be purchased in an all paper deal to hide its price. As I said before, if they walked up to the plate and started buying outright it would run the price. It is working. They only need 200 million ozs. When the system breaks that gold would be worth all the oil in Arabia and then some.
The Asians are the problem, by buying up bullion worldwide and thru South Africa they created a default situation on all the paper for the oil / gold trade! Now the CBs are selling in the open to calm nerves but it's known that they will never sell enough. It was never their intent to provide the gold, only the backing until new mining technology could increase production. Over time the forward sales, such as ABX's should have worked. But LBMA went nuts with the game and the whole mess has now accelerated.

[Anonymous No.18288377]

Do you think that value has been lost by holding physical gold all these years?
If the answer is yes, you are wrong! I tell you now, it's all in your perception of what is value and what is real. Gold has been increasing in value since the early 90s and doing it at a rate much higher than any other investment. Cannot see this? Hear me now, what the wealthy and powerful know: "real value does not have to always be stated or converted throughout time. It need only be priced once during the experience of life, that will be much more than enough!"
Worldwide the oil business is still conducted in dollars. But an interesting side show is now taking place that will change the way we think about gold and oil! If you wanted to devalue the US$ against other currencies what would be the best way to do it without LOWERING interest rates in the USA?
Perhaps you want to cool off an over active stock market without raising rates? Could a smart CB Chairman kill two birds with one stone?

[Anonymous No.18288392]

The US$ could be effectively lowered against most of the leading currencies by slowly taking it off the oil standard! This could be done by introducing a new concept to the world: "create a mechanism whereby a form of CB paper gold could be traded for oil as a side premium. So, instead of them taking physical gold off the market at it's now MAINTAINED commodity price, let them take "gray paper CB gold" priced at it's true value in US$ for oil." You see, this could solve the "problem of supply" that is also the problem for LBMA! We now have a "parallel market" with gold trading at its commodity value on the physical market while being held for its oil value by major players.
You don't think this is true? Think now, as the answer becomes clear:
Who is on the other side of the long gold deals that contango the metal far above its current commodity price while freezing out most small private buyers? Why is gold being slowly transformed into a new kind of hybrid asset, off traded for oil value of many thousands of dollars per oz.?
One more thing, Big trader left HK some time ago and is now in a waiting game.

[Anonymous No.18288405]

In the world today there are only three assets, gold, oil and currencies. The paper currencies, so long admired and accepted are now in a war of self-destruction. They will consume each other in an end battle of "I'm the last man standing but have lost all use as a unit of value".
Each nation state is trying to add a "kicker" or "premium" to its trading paper as a means of buying oil. This does not mean any country will go without oil, they will have to work with "oil priced at a value rendering them uncompetitive". National stock and bond markets do not like this kind of news!
Inflation? We are not speaking of currency price inflation here. This is currency "destruction" because my national IOUs are being devalued by cheap oil supply problems! As was said before, the real gold market that most people invest in is gone! Any gold trading paper will evaporate in the heat of fire now starting to burn. I tell you now, when the currencies
are at nuclear war, GOLD WILL NOT TRADE

[Anonymous No.18288413]

In today’s time the CBs do not sell physical gold with a purpose to drive the price down. They sell to cover open orders to buy what cannot be filled from existing stocks. Look to the US treasury sales in the late 70s. They sold 1 million a month using open bid proposals with much fanfare. If the CBs wanted physical sales to drive the price, they would sell in the same way.
The sales today are done quietly with purpose. The gold must go to the correct location. That is why these sales do not impact price as they occur, there is a waiting buyer on the other side. As all of these transactions are done thru certain merchant banks, not direct CB contact, the buy side does hold hedges.
When actual delivery takes place, months later (and usually at the same time as the CB sale statement) these hedges come off and affect the market price.

[Anonymous No.18288432]

It is important to understand that none of these CB sales of physical need to go to the open
market at all! The BIS could take it all. You see, for them to take all of Canada's gold would have been as "cool water on a hot day". That small amount of currency was nothing to them. All currencies, today, are locked to the US$ for value. In a very real sense, no country can own its gold as the BIS has ties to all of it. Canada, Australia and others say openly "what is the use"?
The BIS, instead of taking it outright, places it where it's needed!
As long as there is an open market for gold, it will not be allowed to trade above its commodity price! It has far too much value for that to happen. You see, in much the same way that a zero-coupon bond trades at a discount to face, gold is traded for its discount of " money value to commodity price! Think that I a fool, because I trade gold for thousands US an oz.? You will think much on this in the future.
Banks do lend gold with a reason to control price. If gold rises above its commodity price it loses value in discount trade. They admit now to lending much where they would admit nothing before!
They do this now because of the trouble ahead. Does a CB have collateral to lend it's gold?
Understand, they only lend their good name on paper, not the gold itself. The gold that is put on the market in these deals belongs to someone else! The question is not "Are the CBs worried for the return of gold?" but, "Has our paper been lent to the wrong people?".
The BIS will not allow the distribution of all gold to settle claims. The mines of the world will be forced to sell to the BIS at the "locked" existing commodity price of gold. This will happen over many, many years as no other "official" market outside the BIS will exist.

"You see, oil will flow but oil and gold will never flow in the same direction

[Anonymous No.18288459]

Gentlemen who gave us this fascinating inside information, who are they?

Another (and FOA) are "the kind of inside information that never made it into the history books and still resides at the level of former Oil Ministers and National Security Advisors." That's pretty high on the pecking order. Kind of makes you wonder who they were, no?

There are two clues as to ANOTHER's identity which significantly narrow the field of candidates. First and most important, ANOTHER was English. FOA told us so in his antepenultimate post. He was heated and anger driven in response to ORO's incoherent babble, or as FOA put it, the "words of a fool."

FOA:"I will say this for the record: Another is English and not Islamic!"

FOA's emotions got the best of him at that moment, and betrayed the location of ANOTHER's batcave, which may have ultimately influenced their final disappearance. In that same exchange, FOA reveals additional clues about himself, but I'll work back to that. The second important clue, and most obvious, is ANOTHER's clear connection with the Bank for International Settlements (BIS), and his personal knowledge of the top-secret Saudi oil for gold trade.

The BIS is the clearing house for the central banks of the world. They deal in currency and gold, and operate out of Basel, Switzerland.

[Anonymous No.18288469]

According to Edward Jay Epstein's fascinating 1983 article in Harpers Magazine, the "unabashed purpose of [the BIS's] elite monthly meetings is to coordinate and, if possible, to control all the monetary activities in the industrialized world." They are run by a highly secretive group, mostly composed of European central bank governors. An example of BIS secrecy: "In 1944, following Czech accusations that the BIS was laundering gold that the Nazis had stolen from occupied Europe, the American government backed a resolution at the Bretton Woods Conference calling for the liquidation of the BIS. The naive idea was that the settlement and monetary clearing functions it provided could be taken over by the new International Monetary Fund." Sounds like America needed Michael Fassbender on the case instead of the IMF... Bottom line - this is where the Saudi trade was initiated.

Epstein describes the hierarchy of the BIS: "artfully concealed within the shell of an international bank, like a series of Chinese boxes one inside another, are the real groups and services the central bankers need - and pay to support." There is the board of directors, high level committees, and the ultimate "chinese box called the Group of Ten or simply the 'G-10'."

[Anonymous No.18288488]

As of 1983, right around the time of the Saudi's secret deal, the G-10 was composed of eleven members "representing the eight European central banks, the U.S. Fed, the Bank of Canada, and the Bank of Japan. It also has one unofficial member: the governor of the Saudi Arabian Monetary Authority." Wow! Epstein got the goods for this article. What separated membership in the ultimate Chinese box?

"The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments."

This is not an easy position to hold for an Englishman says Epstein, as the "Bank of England is under the thumb of the British government." But nevertheless, one Englishman was still admitted to this group. "Lord Richardson [BoE governor 1973-1983] was accepted by the inner club because of his personal adherence to this defining principle. But his successor, Robin Leigh-Pemberton, lacking the years of business and personal contact, probably won't be admitted to the inner circle."

So there you have it. There was one Englishman in the inner circle, and it was Lord Gordon Richardson, the former head of the Bank of England. Richardson's role at the BIS is confirmed on their website.

[Anonymous No.18288503]

He served as Vice Chairman of the Board of Directors twice! From 1985-1988 and again from 1991-1993. I'm pretty sure number 2 is a member of the inner circle. Richardson was Governor of the Bank of England for 10 years from 1973 to 1983, and a non-executive director of the Bank of England between 1967 and 1973. He was chairman of J. Henry Schroder Wagg from 1962 to 1972, and chairman of Schroders from 1966 to 1973. Richardson was also a director of Saudi International Bank in London. Saudi International Bank was formerly known as Al Bank Al Saudi Al Alami when it was incorporated in London in 1975, also known as Gulf International Bank UK Limited.

Of course this doesn't prove anything. But there is some additional evidence that leans in the direction of Lord Richardson being ANOTHER.
Lord Richardson passed away at the age of 94. That would place him at 81 when ANOTHER started posting in 1997. It is reasonable to assume that an 81-year-old may not be as concerned with jeopardizing his positioning at the international table by posting top secret information on the internet. We know that Richardson was a veteran of WWII.

[Anonymous No.18288526]

FOA signed off in his penultimate post as "Sir Douglas, Your Trail Guide." I don't know many Americans that refer to themselves as Sir, but that's neither here nor there. What is here and there, is the man who served as Secretary to Her Majesty's Treasury from 1974-1983 and UK Alternate Executive Director at the IMF from 1976 onward. One Sir Douglas Wass, born 1923, veteran of WWII, Princeton graduate, and distinguished British civil servant. Wass was Permanent Secretary to HM Treasury from 1974 to 1983 and served as joint head of the civil service in 1981.[2] He was appointed a Companion of the Order of the Bath (CB) in 1971, elevated to Knight Commander (KCB) in 1975 and further elevated to Knight Grand Cross (GCB) in 1980. In 1985, he was awarded an Honorary Degree (Doctor of Letters) by the University of Bath.[3]

Coincidence? Maybe. But I wonder if the secretary of the treasury and the head of the central bank had much interaction over their coinciding ten year terms?

[Anonymous No.18288553]

Finally - a cherry on top of vanilla sundae.

What the price of gold would be (blue line) if it never traded between the London a.m. and London p.m. gold fixes managed by LBMA.

[Anonymous No.18289742]

>>18288016
Do you know a place where people are smart enough to appreciate this level of detail. I feel bad for you and myself for having high expectations of biz

[Anonymous No.18289815]

>>18289742
I do.

[Anonymous No.18289856]

>>18288553

>muh price fixing

Central banks hold less than 20% of total gold reserves. Source:
https://s3-us-west-2.amazonaws.com/prd-wret/assets/palladium/production/mineral-pubs/gold/myb1-2011-gold.pdf

[Anonymous No.18289897]

>>18289856
?

[Anonymous No.18289938]

>>18289897
Your erroneous assumption is that the price is fixed, when your own post points out that LMBA is the auction infrastructure.

[Anonymous No.18290016]

>>18289897
Can you please summarize your post in a sentence or two?

[Anonymous No.18290047]

>>18289938
? ICE is a clearing house that offers the service, not LBMA. Please read carefully.

[Anonymous No.18290051]

>>18288016

[Anonymous No.18290068]

>>18288016
Thanks OP.

I skimmed most of it. But just want to say that this is incredible detail and all shoukd read.

Whats the long and short of this?
Good or bad news for us?

[Anonymous No.18290120]

>>18290068
Read it and come to your own conclusion.

Search the web for more.

[Anonymous No.18290203]

>>18290120
perceived value vs true value vs usable value
diamonds < gold < oil
???

lots to digest, thanks for the thoughts

[Anonymous No.18290240]

>>18290203
John Exter's pyramid of value.

[Anonymous No.18290309]

>>18290240
created during a time of bimetallic currency?
fed notes don't have the same value anymore...
jekyll island sham...

gold persists millennia but this chart seems dated

[Anonymous No.18290354]

>>18290309
View at as 'westerner thought' of value.

When the times get rough, all buy treasuries and hoard cash, no?

[Anonymous No.18290389]

>>18290354
the paper is more valuable for starting kindling
gold for houses, silver for bread
perhaps invest in something else instead?

no doubt a reversion is due, but what's the next phoenix??

[Anonymous No.18290414]

>>18290389
I'm afraid silver is not part of the equation.

[Anonymous No.18290442]

>>18290414
well then, he who has the gold makes the golden rules

game over for those that aren't in the club?

[Anonymous No.18290455]

>>18288016
Only half way through reading, but I would like to thank you OP. Why is value of oil in terms of gold going up, while its going down in terms of paper? How does your theory mesh with the concept of the petro dollar, petro dollar recycling etc? Why does the US seek to maintain the value of oil, while also giving up gold to get it from the ME? Why doesn't the us stop selling gold to maintain the oil price in terms of paper USD right now? Because that would further raise the price of gold?

[Anonymous No.18290578]

This is an incomprehensible mess

[Anonymous No.18290755]

>>18290455
It doesnt matter for saudis. They can produce, or flood the world with even much cheaper oil. What does matter is that as partial payment they will get a "piece of flesh", rather than paper notes.

The US stopped gold flow in the early 80s. Gold flew directly from mines/market backed by CB guarantees of delivery, thus limiting impact on government stockpile (which was also lent out to support operations)

[Anonymous No.18290786]

>>18290755
Also, see here

>>18269385

[Anonymous No.18291106]

The fantasy bullshit goldfags believe is unfuckingbelivable! You want gold go to any pawn shot and buy it for the same price as it’s on paper. It’s a useless boomer coin tho. And heavy and hard to keep safe. Only real use is in negotiating, you can offer gold to idiots and they’ll give u a discount

[Anonymous No.18291177]

>>18290786
kek, based self-referencer

[Anonymous No.18291439]

>>18288016
Good thread, thanks! So what’s the best way to survive this, buying physical gold from dealers if they get some supply again?

[Anonymous No.18291576]

>>18290414
> silver not relevant
Is bitcoin?

[Anonymous No.18291814]

https://www.usagold.com/goldtrail/archives/another1.html

OPs info is just a copy/paste from 1997.
Still, relevant information

[Anonymous No.18293255]

Lot of info.
Will read later.
Wish I knew more about economics and finance, so ic ould contribute, perhaps with some other nice info dump I sincerely believe in.

Have a bump

[Anonymous No.18293531]

>>18290414
how is silver not part of the equation? or rather, why?

[Anonymous No.18294454]

>>18293531
>how is silver not part of the equation
bc OP is a script kiddie LARPER and he only downloaded some goldpill from ‘97. If Schiff came in and dropped a silver pill on top of this we’d really be cooking’ up a legendary bread

[Anonymous No.18295388]

>>18291576
Please answer this OP>>18290414

[Anonymous No.18295419]

>but what about silver?!
Nothing. It will have its good and bad times, similarly to most commodities, but nothing close to Gold.

Hear answer me this.
1) Why CBs keep only Gold on their Balance Sheets and in reserve?
2) Why silver is subject to VAT, while gold is not? [from that point alone you should see which medium has been chosen for the oncoming transition by those that matter]
3) Why there are specific exemptions for Gold in most recent capital regulations for banks (none for silver)
4) Why the most powerful, important and serious people, as time progresses keep making either:
a) references to; (Gold)
b) taking pictures of and with; (Gold)
c) sanctioning; (Gold)

None of the above applies to silver. It is being peddled by snake oil salesmen for gullible masses of poor people.

And what better way to keep poor people poor, than to sell them silver dreams?

[Anonymous No.18295478]

Don't believe me?

Here have a look yourself, what BIS thinks about gold in the upcoming transition:

14. Other Assets
96. A 0% risk weight will apply to (i) cash owned and held at the bank or in transit; and (ii) gold bullion held at the bank or held in another bank on an allocated basis, to the extent the gold bullion assets are backed by gold bullion liabilities.

0% risk weight = no capital charge for whatever you have on your books

Here, have a look yourself.
https://www.bis.org/bcbs/publ/d424.pdf

[Anonymous No.18295823]

>>18295478
Isn't that document about trying to make people regain confidence in the current banking system ?

[Anonymous No.18295870]

>>18295823
Never let good crisis go to waste, especially when you want to re-write the rules of the game.

Nonetheless, let us assume that this is the case [i.e. those that matter, for altruistic reasons want people to regain confidence in the banking system].

What better way and medium to do it, than force banks to have gold on its books and hidden in their vaults?

[Anonymous No.18295922]

>>18288016
>>18295870
Ok, you beautiful faggot.

You made one of the best threads on /biz/ in a long, long time. I haven’t seen a thread of quite such importance since 2017 or maybe ever.

So please, don’t cuck us and leave us high & dry without answering the most pressing question of all.

>BITCOIN
>BITCOIN
>BITCOIN

How does it fit into this? If you want my guess it’d be that it’s literally digital gold, but I’d go so far as to say it’s more valuable than that, and not even by a little, by a big fat black BBC lot.

And btw if you give me some boomer bullshit and say it doesn’t for XYZ stupid reason without a genuine, well-supported good goddamn reason you will automatically be shunned and discredited in the eyes of the Council of the /biz/NEETs. Choose your words wisely

[Anonymous No.18296360]

Based schizo thread.

[Anonymous No.18296587]

>>18295922
What about it?

Kids want to play, so they play with bitcoin. Wall street boys will trade anything that has volatility (after all volatility is the lifeblood of the trading game), bitcoin included.

Real toys for the big boys (gold) are kept far away from them. Them being california basedboys tech savvy, but unfortunately naive, silly and definitely not grounded in reality.

Tell me this - do you count your wealth in a number of bitcoins or the '$/£/€ price' they represent? Think long and hard on that one!

Also - wake me up when Central Banks will start adding bitcoin to their reserves i.e. never!

[Anonymous No.18296683]

>>18296587
Thinking silver is not part of the game. NGMI. Why has jp morgan hoarded tons of silver than? because its nice? Has a nice shiny metal look?

Dollars days are probably numbered. System is fundamentally flawed and it has to crash. It will sooner or later. So one day counting wealth in fiat currency wont be possible because it will be worth shit. Fiat is just credit remember? Gold, silver, crypto is the real money.

[Anonymous No.18296688]

Will the gold standard come back in America

[Anonymous No.18296816]

Ponder this.

Remember, back in 2013 when Republic of Cyprus was bailed out by the ECB to the tune of €10bn?

The deal was as follow - the ECB will lend €10bn in exchange for 10t of Cypriot gold ('priced' back at the time, at €400m)

Let us do some basic math, what say you?

10t of gold in exchange for €10bn, what does it give us?

Gold price at the time was around €1,250 / €1,200
10t = 320,000 ounces (and change)
320,000 oz. priced @ €1,250 will give us €400m

So far so good, math is sound.

How much is gold really worth then, if 320,000 oz. is enough to cover €10bn?

Using same basic math, we get result of €31,250 per oz.

Following?

The paper 'price' of gold, is nowhere near the real value of gold, used to extinguish debts and settle important stuff e.g. oil.

[Anonymous No.18296829]

>>18296688
No. Gold price will never be fixed again, US will not be on gold standard ever again.

Should it be, the price fixer will see his gold lost, to those that will be in a position to claim it i.e. sovereigns running surplus balance against your nation. (after all, as an independent nation, why would you need someone else paper, that can be printed in unlimited quantities when you can have gold? We already went through all of this, in 1960s)

[Anonymous No.18296887]

How do I buy physical without paying absurd premiums

[Anonymous No.18296904]

gold cucks

[Anonymous No.18296937]

>>18296887
Even if you pay a few hundred bucks premium it's still a bargain according to what I read from OP. The true trick is: how to sell it back at its real value when you need to purchase and asset ?

[Anonymous No.18296966]

>>18296587
You fucked it up. This reply shows you do not understand at all what bitcoin is and how it even works. You do not know what a p2p network is, you do not know what asymmetric encryption is, proof of work, or a hash function. I liked your insight, you were right, gold has been the o.g for millenia and in current times as well. But think about this, when in fucking history has it been possible to secure your wealth by only remembering a set of 12 words?

[Anonymous No.18296986]

>>18296937
this
What's a viable battle plan to profit from this ? Even if you buy gold , wait for the crash of fiat. Then what ? We obviously can't sell it back for oil and we can't sell it for fiat 2.0 as it will be undervalued in very network we have access to as citizen. Maybe buy property for it ?

[Anonymous No.18297004]

>>18296966
Someone is confusing bitcoin (the currency) with blockchain (the architecture).

[Anonymous No.18297016]

>>18296986
Even if you want to buy a property with it, you're not going to get it at full value I think. One of the only way to get full value out of physical gold is if the central banks lose controle of the price of gold...

Or maybe, could one find a way to sell it back for the real fiat value directly to the gov ?

[Anonymous No.18297068]

>>18297004
What is a 51% attack? The term blockchain is meaningless if it isn't backed by the strongest network of miners in the whole planet. You can't just get bitcoin out of the equation that easily. I didn't know warren buffet posted on biz lol

[Anonymous No.18297070]

>>18288016
Op-sama, could you try to answer this ?
>>18296937
>>18297016

[Anonymous No.18297088]

>>18297016
>Implying that gov won't try to fuck you
They try to fuck you in normal times and they won't need your 5 kilos bad enough to not try to scam you.
>>18296966
>>18297004
I was typing exactly that , Bitcoin will stay a speculative asset (potentially very lucrative though).
Banks are already using their home-brewed blockchain tech (XRP) and gov will probably do the same.
Remember : Breakout tech never ever become the standard.
Oh and blockchain will most likely be used first to resolve the server-client problem clogging the Internet by making every device a node acting as a small server just like Limewire/eMule did. DYOR on why server-client model is doomed (protip: cooling data centers is expensive as fuck and it takes A LOT of space a rare-earth elements.)

[Anonymous No.18297169]

>>18297088
First step might be to know who to talk to. Maybe in the academic world someone might hint who to talk to or what the price should be more or less.

[Anonymous No.18297183]

>>18288016
op thanks for this post, can you explain how consumer held gold will play into this? will governments take it from us like usa did back in the day? in asia gold is traditionally held in houses, india is said to have 170k tonns of gold with its population, how do these factors fit in?

[Anonymous No.18297210]

>>18297183
170kt / 1340 millions poos = 4 Oz gold per poo

Bretty sgary actually

[Anonymous No.18297265]

>>18297210
superpower by 2020 unironically? at least its not china, roadshitters over bat eaters any day!

[Anonymous No.18297391]

>>18297070
Gold has always been funny this way.

Like a Giffen Good – gold supply dries up as and when the price rises.

I believe you have seen ‘the action’ over the course of last couple of weeks? Any of you were trying to source gold? Almost all dealers were sold out! When was the last time this has happened?

There will become a time, in the future (we will see how that will play out!) when getting your hands on physical gold (no matter the price!), will be a feat on and of itself. The whole western concept of wealth will shift. For those that already have enough, gold will become an object to keep in a family for generations, like an heirloom – sold only during the most critical times!

Those who have it - will not sell it, those who don’t will do everything to get it!

Doesn’t make sense, as you seek paper profit? Paper is a promise, ready to be broken! Surely some countries (UK) know this lesson well! Remember in August of 71 UK asked US to be paid in gold? Nixon told them (and whole world) to f… off! Paper profits didn’t work out that well for the UK! The wealthier you are, the less concern for the paper you have. You want, no you need the real thing!

Gold is a payment in full, a king over all and subject to no one.

[Anonymous No.18297439]

>>18297391
what about indians and africans? they will need to sell their gold for food

[Anonymous No.18297453]

>>18297183
Governments will promote gold ownership.

In Europe (with the rise of Euro!) Gold is exempt from VaT (while silver is not!)

It is not unimaginable, that Gold will also be exempt from capital gains tax. (mines will be taxed to compensate)

Asian public knows and understand importance of Gold. Something that us (I assume all of us here are Europeans/Westerners?) have long forgotten.

Those that still understand the value of gold, are super-wealthy. And no, I am not talking about football players, russian oligarchs or others of this kind. I am talking of inter-generational wealth, 'old money' should you wish to call it like that, who managed to hold on to their accumulated wealth over the centuries! You think those families are gone? Think again!

[Anonymous No.18297455]

>>18297391
Thank you for the answer, but I want to raise a few points :

1) Even if I have "the real thing" and I sell it in time of need, I still will get the paper value out of it, and not the real value, thus I'll be scammed
2) As I understand it, in order to access it's "real" value, you have to think in terms of assets and not in terms of paper. But I'm not big enough to trade it for assets. Let's say I want to buy a couple house with my gold; people ready to make that deal will refer to the paper price, thus I'll be scammed once more.

Don't get me wrong, I absolutely understand how key it is to have physical gold, but I fear as a "nobody" you won't unlock the full potential out of your goal - unless you know who to talk to, I guess

[Anonymous No.18297482]

>>18297455
out of your gold*

[Anonymous No.18297526]

>46 posts by this ID

[Anonymous No.18297556]

>>18297526
>That's a man

[Anonymous No.18297625]

>>18297455

1) It is better to be alive than dead, no? Whatever the reason/need for sale/conversion of gold will be, it would have to be serious. (whatever your scale of seriousness is)

2) You might not be big enough (not many are!) but gold is. General public will also understand that - in time! No, not under current circumstances, that is true. But, and here comes the kicker! The biggest governments and CBs on the planet know that too, and prepare accordingly. After all, why would they go on the gold buying spree if not in preparation for financial reset.

[Anonymous No.18297626]

>>18291576
>silver not relevant
Welp stopped listening there. Gold to silver ratio at an all time high.

[Anonymous No.18297801]

>>18297625
you kinda write like the guy on GLP that made a topic like this one a few years back. Maybe you're the same person?

I guess it's a waiting game then, and it pains me to use paper currencies in the meanwhile. At least I exploit the system to my advantage so that I don't have to do work I don't want to do anymore, but knowing you're being shit on by higher people drives me crazy.

[Anonymous No.18297872]

>>18288016

based. extremely red pilled.

[Anonymous No.18298434]

I have 130 oz silver, 0 gold, and 3k USD

What do I do? I'm a poorfag

[Anonymous No.18298457]

>>18297801
I am not.

[Anonymous No.18298477]

>>18297626
This. Silver has an industrial use while gold has a fraction of silvers industrial use. Above earth silver vs gold ratio is around 1:10, and we have 1:110 paper value. What the fuck is wrong with op? we get it, precious metals are money while paper is only credit to the "money". Discarding silver is stupid, and if you dont own any silver you are not gonna make it.

Me: Poorfag with only 20kgs of silver, and 0 gold since its highly overvalued against silver.

Also if shit hits the fan, id like to see ordinary people try to trade with gold. Silver is more liquid in this case.

[Anonymous No.18299623]

>>18296587
sigh.

Oops.

I had high hopes for you OP, but I guess I should’ve expected this

>why yes, I do measure my wealth in BTC. How did you know?
You are right about one thing though, central banks will probably never hold bitcoin. Fucking duh, that’s the whole point - why would they want to draw attention to the thing that stands a strong chance of making them obsolete altogether? Think long and hard about that one!

[Anonymous No.18299624]

>>18297625
What makes you think that global economic collapse will not lead into tyranny then ?
That would make holding gold for civilian not only worthless but a hazard also.
Blockchain based currency like BTC would do you better even if it's near worthless because it's litteraly a 12 word phrase to hide in your mind vs carrying/hiding XX kg of gold that you can't do anything with because it will be seized or you'd get killed for it.
That really sound like wishful thinking that the global economy will just "reset" and powerful people won't be trying to benefit the situation by slipping into some totalitarian state which has happened nearly everytime such event happened.

[Anonymous No.18300184]

I just want to buy a little cabin in the woods with my silver that has a hot tub and make babies with my indian gf. Is that too much to ask bros?
:(

[Frenchbro !cJxLEZYaGY No.18300353]

>>18299624
>What makes you think that global economic collapse will not lead into tyranny then ?
You need money to fund tyranny. You can't have police state if you can't pay the police.

[Anonymous No.18300481]

>>18300353
Fair point but tyranny is not only police states right ?
I mean I can think of a dozen of ways to bypass the real money problem , first would be to just brrrrrrr a new make believe internal currency based on nothing more than the State assuring it's value. Rationning tickets can be seen as currency in a way and it was used as one so....

[Anonymous No.18300661]

>>18300481
>I can think of a dozen of ways to bypass the real money problem
No, you can't.
The problem is if the criminal pays more than the state does, the whole thing drowns in corruption and the criminals become the new ruling class until the situation stabilizes.
The state can print make believe paper or implement rationing, in reality the people who control luxury items, foreign currency and precious metals will rule the whole thing. Which means the smugglers and the black market lords.
The police then only has a choice of risking their lives for rations or they can get comfy and corrupt and live like decent people.

[Anonymous No.18300765]

>>18300661
And that isn't tyranny ?
That sounds like half of fucking South America with these Cartel States kek
See >>18300481
Police state might not be possible but that's one of many forms of tyranny

[Anonymous No.18300847]

>>18300765
No, that isn't tyranny. That is freedom. The cartel states came to be due to the support of the CIA. Normally many competing syndicates pop up and they offer better protection, infrastructure and trade than the state did.
A good example of this is US in the 30s, Russia in the 90s and Japan in the post-war period. Although this time it might be more severe. Which is a good thing, because it's the literal free market.

[Anonymous No.18301052]

>>18300847
Unregulated free market is retarded and is what put us in this very situation.
I wonder what would happen if different criminals would compete for control of a Nation without an army to btfo them when they get too violent.

[Anonymous No.18301177]

>>18301052
>Unregulated free market is retarded and is what put us in this very situation.
Opinion discarded. Kill yourself, commie.

[Anonymous No.18301321]

Why did you come here to write a novel?

[Anonymous No.18301332]

>>18301177
>I don't argue with people that don't think like me
>I don't know the difference between communism , socialism and stalinism
>The State should never interfere with free market even in crisis

How's that working out for you mutt ?
Enjoy much your 50$ N95s ?

[Anonymous No.18301485]

>>18301321
?

[Anonymous No.18301822]

>>18301052
>>18301321
>>18298434
>>18297626
>>18297526
This is why /biz/ can't have nice things. Guy comes in and spoonfeeds you some great information and look how the thread is treated. Kill yourselves niggers.

[Anonymous No.18301901]

This has been very interesting. It's hard to read without putting your own bias and circumstance's into it but i'm glad I read it. ty OP

[Anonymous No.18302409]

>>18301822
no u

[Anonymous No.18303340]

Bump for must read thread

[Anonymous No.18304614]

based

[Anonymous No.18305811]

>>18295922

He's not going to answer because this thread was not even his work(again it's an old pasta)

[Anonymous No.18305835]

Kudos on posting actual good information from someone else to hide the fact your actual opinion sucks. (especially on BTC)

[Anonymous No.18306471]

>>18301822
No u

[Anonymous No.18306634]

>>18305811
I know, but he clearly cares enough about the subject to sperg out and post the copypasta in the first place, so figured he might have an idea of where BTC fits in.

I still don’t see how it doesn’t just ride alongside gold as a member of The Chosen Money Council; that or just BTFO’s gold and everything completely

Although IF one of the things inferred in the OP was that:
>oil is inversely correlated to gold (? Do I have it right?)
> - due to being traded against gold directly, and the gold/USD market being held constant,
>[thus dumping oil’s value as gold moons, theoretically]
Given that, AND that:
>bitcoin’s value is somewhat dependent on energy prices in general
> thus, oil’s price, basically
THEN...

...will bitcoin be at risk of dumping also, as cheaper oil -> cheaper electricity?
(at least in dollar terms, and ESPECIALLY in gold terms, obviously)

[Anonymous No.18307089]

are EFTS physical gold a scam as well?