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Customer Shocked “Allocated” Gold Not in Swiss Bank

Today Egon von Greyerz told King World News that a client went to move a significant amount of “allocated” gold from a Swiss bank, but the bank shocked the customer because they did not have the gold. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said, “the risk of having gold in the banking system is major.” But first, here is what Greyerz had to say about the bank runs in Europe: “This is just amazing, Eric, you couldn’t write a better story than this. We have bank runs in Greece and Spain, and now a French bank, one of the biggest mortgage banks, is also having problems. Ireland, they thought they were all right, but they need more money.”

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First we two whistle blowers

First we two whistle blowers fired from JP Morgan, then we saw bank runs in Greece and Spain then JP Morgan announces 2 billion dollar loss, then 5 billion (and rising) and now we see that at least one Swiss bank cannot deliver physical gold to a Capital Investment firm.

I believe we are witnessing the beginning of the world wide collapse.

There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan

"Invest only in things that you can stand in front of and pr

I agree

All signs point to it.

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

Sage advice from an old grizzled Gold Bug...

If you can't pull down your pants and rub your junk on it - you don't own it.

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

Well then...

I guess I Do own my 2004 Honda Element!...and come to think of it...the John Deere is mine as well...but do I have to break the seals on my bags and do that with each silver quarter in each bag...or can I simply rub with the bag itself? After all quarters can be cold...

Wha? .....hey....who stole my country?

lol

Thanks for the laugh.

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

If a tree falls in the woods....

If your gold is in the bank, does it actually exist?

Truthbearer's picture

Good folks...

...we have been warning everyone that this was coming and what it will mean in America. There may be no election because of this crash. This one thing alone will cause the same panic here soon. It is all well planned and the end game is the one world order digital money system after world war.

What happens between then and now is what is about to transpire. Getting messages today about going out more to enjoy the last of the good times and the foods that may not be available when the country crashes. Give thanks for every single blessing.

Wow, to think we knew all about this twenty years ago and now it is all closer than the impossibility it seemed to be way back then. We may see some horrible EVENT any day now to kick it off but meanwhile, the bank runs are beginning and this is the banksters worst nightmare come true. What they do to take the attention off this growing wave of runs across the world is anyone's guess. The pattern of the past indicates it may not be good, and it may come soon.

Please pray and prepare your neighborhoods the best you can. Stock up while you can get long term foods and household necessities. Sooner or later, the euro will fall and when that does happen, we might have two weeks or a little more before all paper money instruments are worthless.

Got Silver?

Follow your heart...and pay attention to what is happening in the big picture.

+

Thanks

Great comment.
Everyone should take to heart what you said.

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

Truthbearer's picture

Big...

...thanks and a bless to you good one.

+

+1

Important evidence of a predicable and likely widespread "rule".

"You are a den of vipers and thieves."

I mean to rout you out!

-Just because you are among us, does not make you with us

-The door is wide open, anything can slither in

+ 1

.

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

We always say "pictures or it didn't happen".

Now we should be saying "Hold it in your hands or it isn't real".
This might be a good time to invest in gold mines.

~Your perception becomes your reality~

Dr. Paul invested in gold and silver mines

http://wallstcheatsheet.com/trading/which-gold-and-silver-st...

Total Return, The Wall Street Journal’s personal-finance blog, recently reviewed presidential candidate Dr. Ron Paul’s (R-TX) investment portfolio. According to the latest data available from his 2010 Form A financial disclosure statement, Dr. Paul is heavily invested in gold (NYSEARCA:GLD) and silver (NYSEARCA:SLV). The WSJ explains, “The remainder of Rep. Paul’s portfolio – fully 64% of his assets – is entirely in gold and silver mining stocks. He owns no Apple (NASDAQ:AAPL), no ExxonMobil (NYSE:XOM), no Procter & Gamble (NYSE:PG), no General Electric (NYSE:GE), no Johnson & Johnson (NYSE:JNJ), not even a diversified mutual fund that holds a broad basket of stocks.”

Investor Insights: What Are ECB Actions and Utility Stocks Saying About Gold?

While some may call Dr. Paul’s investment portfolio unorthodox or risky, many call it successful. Due to the devaluation of the U.S. Dollar (NYSE:UUP), gold and silver have been in a bull market for the past decade, and Dr. Paul had the foresight to invest in gold (NYSEARCA:GDX) and silver mining (NYSEARCA:SIL) stocks early. Dr. Paul’s top three holdings are Goldcorp, Barrick Gold and Newmont Mining. He has owned these gold miners for a long time, before 2003. Dr. Paul is not a doom and gloomer, he recognizes the headwinds facing the dollar and puts his money where his mouth is.

Here are the most popular gold and silver miners found in Dr. Paul’s financial disclosure statement:

Goldcorp Inc. (NYSE:GG)
Barrick Gold Corp. (NYSE:ABX)
Newmont Mining Corp. (NYSE:NEM)
Agnico-Eagle Mines Ltd. (NYSE:AEM)
AngloGold Ashanti ltd. (NYSE:AU)
IAMGOLD Corp. (NYSE:IAG)
Eldorado Gold Corp. (NYSE:EGO)
Mag Silver Corp. (AMEX:MVG)
Pan American Silver Corp. (NASDAQ:PAAS)
Silver Wheaton Corp. (NYSE:SLW)
Golden Star Resources, Ltd. (AMEX:GSS)
Kinross Gold Corp. (NYSE:KGC)
Brigus Gold Corp. (AMEX:BRD)
Coeur d’Alene Mines Corp. (NYSE:CDE)
Hecla Mining Co. (NYSE:HL)

If you would like to receive more professional analysis on equity miners and other precious metal investments, we invite you to try our premium service free for 14 days.

RP R3VOLution

bump

with a comment: Thanks Legalize.

"A great civilization is not conquered from without until it has destroyed itself within" W. Durant

Thanks Freeman

There is some important advice there for people to not hold gold with the banks.

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

Plus 6 rating and no comments? lol

Can someone bump this with a comment?
Thank you!

This article is just too important to be "kept under the carpet".

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

Gotcha Covered Pardner!

Good Story..Haven't checked for it being here:

http://gata.org/about

Guess I got sidetracked on today's silver news.

"Beyond the blackened skyline, beyond the smoky rain, dreams never turned to ashes up until.........
...Everything CHANGED !!

Thanks for that link

They have a great links page to other sites:
http://gata.org/links

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