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FEDERAL RESERVE is SELLING PAPER GOLD & BUYING PHYSICAL GOLD

Why is Gold going up?
[the good ole ‘American way’ – through proxies]

http://news.goldseek.com/GoldSeek/1286223866.php
October 4, 2010 Source: GoldSeek.com

By Rob Kirby

{Researching]... SERIOUS [tonnage] PRECIOUS METALS procurement – physical metal only – let’s just say HUGE money. I asked them if they would be interested in purchasing an “option” – cash up front - for the exclusive rights [first right of refusal on off-take] of a gold producer [miner] for a set number of ounces for 3 – 5 years “at the market” – using LBMA pricing [a.m. / p.m. fixes] in the future... answer... from my associates was “show us a terms sheet, we definitely have interest”.

... the producer said, “YES, we are interested - ... J.P. Morgan has been asking us if we would sell them the same option”... gold producers have shuttered their “gold hedge books” – the Bullion Banks are ‘synthetically’ trying to keep physical output captive – I would suggest FOR THE EXPRESSED REASON THAT THEY SELL EVERY PHYSICAL OUNCE AT LEAST 100 TIMES OVER.

... Big money interests are now cutting off... the traditional bullion supply chain “at the pit”.

The shorts of ‘paper gold’ at J.P. Morgan [the Fed in drag] are selling the daylights out of the paper market and simultaneously buying exclusive rights to producers’ future production... so they can try to fudge their way through an unmitigated fraud and settle... their bad bets to keep this ‘systemically ruinous’ precious metals Ponzi-scheme alive.

Price of Gold and Interest Rates Are Joined at the Hip
...
[See Big Bullion Bank Derivatives Table of $300 Trillion]

{Is} ANY Bank Holding Company in the U.S. ... permitted to have a derivatives position in excess of 75 TRILLION [five times the size of U.S. GDP] if they were not ‘in bed’ with the FED????

If you except the premise that, “J.P. Morgan “is” the Fed”, then, “IT’S REALLY THE FED WHO IS BUYING GOLD” and they [unfortunately, this means “America”] likely have NONE LEFT to sell.

... bullish for the price of gold going forward.

... these criminals are NOT IN IT for profits. The survival of our “BROKEN FIAT MONEY SYSTEM” “IS” their only goal.

Conclusions:

Officialdom will never admit it and it will NEVER be reported in the mainstream financial news but our financial system has NEVER been in a more precarious state. A banking crisis of unparalleled proportions is coming – probably soon – the exact timing is still sketchy.

Bullion Banks, Options, Swaps?

This editorial is not exaggerated by yours truly.



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hmmmm

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best line of the whole piece

"The shorts of ‘paper gold’ at J.P. Morgan [the Fed in drag]..."

I laughed at that!