RED ALERT: Coming Currency Collapse & Bullion Banks Rush To Increase Registered Gold Inventories!
- RED ALERT: Coming Currency Collapse & Bullion Banks Rush To Increase Registered Gold Inventories!
by SRSrocco
The warning signs are increasing as the death of the Global Fiat Monetary System approaches. The bullion banks lost 88% of their Comex registered gold inventories over the last year and are now rushing to build their stocks to satisfy future deliveries. Here we can see that since April of 2013, the Comex Gold Registered Inventories declined 88% from 3 million oz to a low of 369,212 oz at the end of January: (top of post)
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According to Harvey Organ’s interview, 20 Tons of Gold “Kilo Bars” Withdrawn From JPM Vaults & Headed to Hong Kong! , 1.3 million oz of gold were standing for delivery in the beginning of February. However, Harvey believes the majority of these contracts were settled with cash.
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It is no surprise that a large percentage of these contracts were cash settled, because there wasn’t enough available gold in the registered inventories. In just the past three days, the bullion banks transferred nearly 200,000 oz of gold from their Eligible inventories to their Registered.
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