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Title: "Lethal For Bullion Banks" - The Looming $600 Trillion Derivatives Crisis
Source:
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URL Source: https://www.zerohedge.com/markets/l ... 00-trillion-derivatives-crisis
Published: Apr 18, 2020
Author: Tyler Durden
Post Date: 2020-04-18 12:44:40 by Horse
Keywords: None
Views: 1760
Comments: 5
...an unimaginable sum. Central banks are on course to destroy their currencies through unlimited monetary expansion, lethal for bullion banks with fractionally reserved unallocated gold accounts...
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#1. To: Horse (#0)
Bullion banks???
_____________________________________________________________ USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
In Europe there are banks where you can deposit one ton of gold and they hold it in safe keeping for a fee. They are not supposed to loan out your gold but many do. Not good with the gold price going up rapidly.
The Truth of 911 Shall Set You Free From The Lie
They don't physically loan the gold though. They essentially use it as collateral in some form to let other parties claim they have ownership for a short term. Isn't that right?
I don't know why we can't have a little integrity somewhere.
_____________________________________________________________ USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
Recently they changed COMEX reserve rules to accept 200 oz bars in addition to the 400 oz ones which is how all of their PM's had to be stored, they insisted. It's a very difficult process to change paper gold & silver into the real thing, and nowadays holders have been demanding delivery of the real stuff, which they don't actually have anymore, it's long gone. 200 oz bars are a heck of a lot easier to find, so they're now buying those up to cover their a$$es. In summary.... If you don't hold it, you don't own it!
#2. To: NeoconsNailed (#1)
#3. To: Horse (#2)
#4. To: Horse (#2)
#5. To: Pinguinite, all of the metal is NOT there (#3)
(Edited)
They don't physically loan the gold though
Ron Paul - Lake Jackson Texas Values
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