Posted on 12/19/2014 12:53:11 PM PST by VRW Conspirator
Story at 11.
All of our pm is in our physical possession.
So...what is the name of the fifth largest Commodity trading company? The article doesn’t seem to say. Gunvor is the only name I could find in a search.
Regardless of whether or not the COMEX has created its very own type of fractional reserve banking, this sentence is a keeper:
This is called a “mokita”, from a language in Papua New Guinea, meaning “a truth everybody knows but nobody speaks”.
Mokita is a word that could be applied to so many things in our PC life today.
It’s a good thing Hillary and Obama had Qadaffi killed so they could get his gold for us.
I have physical possession of my gold and silver. I never trusted those companies that claim they will store your gold for you so you can use it as a tax deferred retirement account.
Maybe this will finally shutup that guy on the radio raving what a bargain gold is. He advertises on Rush’s program a lot.
Yes but she is saying you may get a summons to defend against someone else saying you stole it or it was hot to begin with.
See her Axiom #1.
If I were you I would bury or hide along with any documents about it. If someone asks about it, be silent and look real dumb.
Better yet go to a shrink soon and complain about amnesia or Alzheimer’s, tell him your memory is failing. Wear a bathrobe to the local grocer and look like you’re lost kind of like that Mafia Don did some years ago.
Hope there’s no paper trail out there leading back at ya.
Ditto for us.
“Back in March, otherwise very under-the-radar Swiss commodities trading giant Gunvor and the fifth largest oil trader in the world, made headlines in the press when one of its then-Russian owners, billionaire Gennady Timchenko (estimated net worth of $8.5 billion), sold his entire 44% stake in the company to his partner in the firm, Torbjorn Tonqvist, just a day before the US revealed its first round of sanctions against individuals affiliated with the Putin regime. “
From Zero Hedge
http://gunvorgroup.com/news/gunvor-ensures-continued-operations/?i=2
/echo
One conspiracy theory was that Qadafi's billions of gold and other assets is in Italian banks and he wanted it back.
Back in March, otherwise very under-the-radar Swiss commodities trading giant Gunvor and the fifth largest oil trader in the world, made headlines in the press when one of its then-Russian owners, billionaire Gennady Timchenko (estimated net worth of $8.5 billion), sold his entire 44% stake in the company to his partner in the firm, Torbjorn Tonqvist, just a day before the US revealed its first round of sanctions against individuals affiliated with the Putin regime. Timchenko was among them. As a result of the sale, however, Gunvor avoided falling on the US sanctions list and a Treasury official said that "Gunvor Group Ltd. isn’t subject to automatic blocking from dealing with U.S. persons under Russian sanctions because co-founder Gennady Timchenko owns less than 50 percent of the company.
snip
"But the biggest surprise in this story was the reason why Gunvor chose to discontinues its gold trading. Per Bloomberg, "executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said."
It was all purchased with cash from a variety of local dealers. Took a hit on the premiums but it was worth it to take immediate fairly anonymous possession.
Good for you, smart!
A suggestion, read survival stories about Sarajevo. Bullets and firewood were worth more than gold in those extreme situations. Gold will still be valuable but never travel without bullets when you’re carrying gold. Same as Barnhardt’s Axiom #1 above.
I never miss an article penned by Selco. Thanks.
Merry Christmas.
L
But...but...but...Glenn Beck said... oh wait HIS gold price value went up when everyone bought gold?
Mokita. What’s occurring in the black community and who’s responsible for it.
What religion the president really is. Mokita.
That he can grant amnesty. Mokita.
That he’s eligible to even be president. Pelosi? Mokita.
What the gop-e/rino leadership are doing to us and the conservative republicnas? Mokita.
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