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Is the "Gold Cartel" (sister to the PPT) using gold ETFs to short gold?

"A bizarre but consistently corrupt directive has been proposed by the lapdog Commodity Futures Trading Commission (CFTC) regarding the StreetTracks Gold Trust, the ‘GLD’ Exchange Traded Fund. Managed by JPMorgan, the GLD fund is ripe with corruption, without any doubt in my mind. They use whatever gold bullion they possess to short gold for the cartel, thus neutralizing physical gold demand in brilliant fraudulent fashion. The CFTC has proposed the exemption of StreetTracks Gold from provisions of the Commodity Exchange Act in reporting their trading and clearing of options for its GLD shares. The CFTC has also proposed the exemption of StreetTracks Gold in reporting physically delivered gold futures contracts based on GLD shares. Options and delivery for GLD share activity are soon to go dark, no audit trail whatsoever. If they never purchase gold bullion as promised, as stipulated in their prospectus, no regulatory body can enforce it, let alone discover their failure to do so. This is the exact opposite of what a legitimate fund would do. The powers are slowing eliminating all rules for honest accounting. Within two or three years, confiscation of GLD gold bullion might be possible without any violations of law, and possibly without any recognition by its shareholders, maybe no announcements even. The GLD is a major fraud, just like the SLV silver ETFund run by Barclays of London."

"Yet another Exchange Traded Fund has launched. The World Gold Council (WGC) and Dubai Multi Commodities Centre are launching their Dubai Gold Shares fund backed by gold bullion. This fund will be part of the Exchange Trade Gold family of products, sponsored by the World Gold Council. This shadowy group acts as a powerful marketing organization funded by the biggest of gold mining firms. Be suspicious of this ETFund out of Dubai. The gold cartel has extended its tentacles once more, this time to the Middle East. Gold held in WGC funds are listed in New York, London, Australia, and Johannesburg South Africa. Their holdings total 805 tonnes of gold bullion worth $23 billion, and represent 90% of all gold ETFunds. Be sure that almost none obeys proper accounting rules, and probably the great majority of this gold bullion is used to short the gold price. The net result is that all physical demand on these ETFunds has effectively neutralized the gold price effect, since investor demand is offset by shorts on futures contracts."

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Manipulation of gold price

John Embry wrote a nice article on this topic recently.
http://www.sprott.com/pdf...
Veteran gold market analysts don't miss much, and they see the degree of meddling and manipulation taking place. They feel that the gold price suppression team might not have much left in the tank, maybe just enough to stage one last battle to defend the hill called $1,000/oz.

I've taken out my initial investment.

I paid some things off. I will buy some property when the moment is right with the rest of it.

If you can keep physical gold on your property, you are lucky. I'm in an urban area with a burglary problem. There is someone cracking safes around here.

Will the Gold Cartel

a.k.a Goldman, et al, use GLD etf's to "patriotically" confiscate real money from the masses again? A replay of 1934? But this time, much more conveniently in that's all in one vault?

Paper is good for lighting a warm fire. Not much else

"Paper is good for lighting a warm fire. Not much else"

Well.. I hate to be the bad guy....... but, if it is a heavier, course grade of paper, you can crumple it up and unfold it again about 40 times and alas! It is then soft enough to wipe your ass with.

I can't wait to know how many people will try this to find out it is true. rofl

I'm storing that tip

for when/if the shit hits the fan!

*chuckling*

I don't doubt it is a fraud.

Hey! Buy some paper gold! Today!
Ummmm...... but isn't it easier for old people to carry?
Helping the elderly. Now that is politically correct!

Do you have a source?

Everything seems to be corrupt. Is there really anywhere you can put your money in right now that isn't at risk? I've been very happy with my ETF GLD. In fact, I've tripled my money in it over the last several years.

There is some monkey business going on. I have a mining stock that has done extremely well in the past several years. All of a sudden it is being "frozen" on the stock market. Something is going on there too. I think they are trying to scare people into selling.

The source is a person in the business.

I can't give out his personal information. Not telling others what to do, just passing on an opinion.

The point is not whether or not you're making money in your ETF, but are they being used to short the gold market as a whole.

___________

Lisa C.

http://www.women4ronpaul....