9 votes

Colonel Gaddafi owns 143.8 tonnes of gold. (Among top 25 in the world)

They're not just after his oil...They're also after his massive stash of gold!

http://www.ft.com/cms/s/0/588ce75a-53e4-11e0-8bd7-00144feab4...

*Note* - If you want to read the entire article and not have to sign in, Google: "Gold key to financing Gaddafi struggle"




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Is this the story?

United Nations gives coalition permission to loot Libyan gold?

The new Godfather!

Free includes debt-free!

Well now we know

How JP Morgan plans to cover those shorts. There is nothing inherently wrong and certainly nothing "illegal" about J.P. Morgan Chase (JPM) gaining a vault license for storing and taking delivery of gold/silver/platinum/palladium from the futures markets known as NYMEX/COMEX. However, the speed, timing and manner in which the exchanges just granted it troubles us.

The process of being approved as a licensed vault or weigh-master/assayer for the NYMEX/COMEX futures exchange usually involves a careful security inspection of the vaults, a full report of that inspection, and a completely transparent package submitted to the U.S. Commodity Futures Exchange Commission (CFTC) for approval. This process will ordinarily consume considerably more than 45 days. Apparently, such correct and careful practices apply only to banks and independent storage facilities that are not J.P. Morgan Chase. http://seekingalpha.com/article/259549-will-jp-morgan-now-ma...

Interesting observation

wow.

very interesting info

oil & gold something Egypt did not have to invite a military intervention.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Ho-Ly crap!

So if we had not gotten involved, all that gold may have gone to the opposition?

This is proof that the Federal Reserve is behind this decision.

To the victor go the spoils.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

man

'd like to get all nekkies and roll around in THAT.

That is 5,072,395.73 ounces?

Sheesh. I guess Libya prefers gold over US dollars?

World official reported gold holding
http://en.wikipedia.org/wiki/Gold_reserve#Officially_reporte...

"Reported," may be a key word.

Excuse me, but not even close.

If that number is true, 143.8 tonnes. Then here's the math:

143.8 tonnes times 2204.6 pounds per ton is 317,021.5 pounds.

And there's 14.58 troy ounces in one pound so

317,021.5 pounds times 14.58 ounces per pound is 4,622,173 ounces.

At $1400 per ounce that is $6,471,042,200 or $6.4 billion.

That's what you call a war chest. The fool should have invested in his people or a nuke instead of shooting an AK-47 with a gold plated trigger from his balcony. Now Hillary's comin with her Cylons.

He did invest in his people.

Don't believe the Zionist media we are subjected to. Any propaganda is just to make him look bad to justify an illegal invasion. www.takeourworldback.com our media is state run. Stalin would be proud.

He's definitely a 'bad guy'

I find it pretty disconcerting that you're willing to defend Qaddafi. You can be opposed to American involvement and still believe he's a bad person.

tonnes is metric

could be the discrepancy

donvino

No you just chose the wrong calculator.

Good point though. And reading my post again makes me want to appologize for the mistake of saying that you weren't even close. You WERE close. I was thinking you were saying 5 million dollars instead of ounces. Here's where you made your mistake though. The tons are metric but gold is measured in troy ounces. The calculator you used was for avoirdupois ounces.

Try this calculator which is closer to my two step figure: http://www.google.com/#hl=en&safe=off&q=143.8+tonnes+to+troy...

143.8 tonnes = 4 623 277.36 troy ounces

Didn't see Israel on that list!!!

Did I miss something???

Israel is the richest per capita country in world

and the number one receiver of aid from the U.S. What is wrong with this picture ? Obamavilles popping up everywhere and we are sending aid to rich people. www.takeourworldback.com

That is interesting.

Are they pure fiat?

Or do they just keep it a secret, like their nukes?

That Financial Times story

That Financial Times story link is for subscribers only. How about a non-copyright-threatening summary?

Just Google: "Gold key to

Just Google: "Gold key to financing Gaddafi struggle"

WOW

Hell, he can buy France with that lol

This guy knows his economics - even though it was mostly ill gotten imo. ;)

...that is over 5 million oz. !!!

good way to flood the gold market..

this should be interesting.

donvino