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UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal
Zero Hedge ^
| 28 Sep 15
| Tyler Durden
Posted on 09/28/2015 5:06:30 PM PDT by SkyPilot
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The Fed, its banks, and many others are deep into this poison fraud.
Precious metals (gold and silver) have been manipulated for years - it is open secret. The Fed, traders, banks all know. But if it is exposed, then confidence in currencies will drop like a stone, including the USD.
The markets are already in a slow boil panic, because they are still riding on the heroin injections of QE.
I would not be surprised if a few more bankers (and maybe some investigators) are found to have committed "suicide" by the end of next month.
Also, expect those who hold "paper gold" certificates to be found holding worthless paper.
1
posted on
09/28/2015 5:06:30 PM PDT
by
SkyPilot
To: sauropod
2
posted on
09/28/2015 5:15:03 PM PDT
by
sauropod
(I am His and He is mine.)
To: SkyPilot
"The markets are already in a slow boil panic, because they are still riding on the heroin injections of QE."
Heroin? More like methamphetamine. We are so screwed...
3
posted on
09/28/2015 5:18:32 PM PDT
by
BullDog108
(A Smith & Wesson beats four aces!)
To: SkyPilot
If the market is manipulated down, and you think the price should be a lot higher, isn’t this a good thing because you can buy at a lower price?
4
posted on
09/28/2015 5:28:28 PM PDT
by
Sawdring
To: SkyPilot
It’s 2015. The only precious metal is Lead.
5
posted on
09/28/2015 5:32:21 PM PDT
by
The Toll
To: SkyPilot; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
To: Sawdring
It’s not a good thing. I would not celebrate making myself some bucks in the process either. I am looking at the Big Picture, and it is ugly. The entire global economic system is akin to an addict at a family intervention meeting. The whole thing could blow at any moment.
7
posted on
09/28/2015 5:37:10 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: The Toll
8
posted on
09/28/2015 5:37:38 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
Also, expect those who hold "paper gold" certificates to be found holding worthless paper. This was predicted a while back, and reposted last month: http://www.barnhardt.biz/2015/08/
To: Disambiguator
Yes, and when you read articles like the one you posted, you begin to grasp what a toxic stew it has all become. The crap tables in Vegas have more integrity than our markets, banks, and financial gamblers do, and that is not even an exaggeration.
10
posted on
09/28/2015 5:52:14 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: Disambiguator
Case in point......
Now the opposite scenario: a STRONG basis. Lets say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.
And no one goes to jail for this, let alone even be exposed. Enron execs went to prison for what exactly again?
11
posted on
09/28/2015 5:55:53 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: The Toll
12
posted on
09/28/2015 5:56:57 PM PDT
by
Lurker
(Violence is rarely the answer. But when it is it is the only answer.)
To: Lurker
More of a steel guy myself, but I won’t disagree.
13
posted on
09/28/2015 5:58:10 PM PDT
by
The Toll
To: The Toll
Brass is reusable. Steel is not. Hence my preference for brass.
14
posted on
09/28/2015 6:00:01 PM PDT
by
Lurker
(Violence is rarely the answer. But when it is it is the only answer.)
To: SkyPilot
And no one goes to jail for this, let alone even be exposed. Enron execs went to prison for what exactly again? Brings to mind the banking concept of 'fractional reserve'.
15
posted on
09/28/2015 6:07:23 PM PDT
by
IncPen
(Not one single patriot in Washington, DC.)
To: SkyPilot
Well, whatever happens the real question I believe is ... will gold and silver spike afterwards? After all the investigations?
If it looks like it will ... buy buy buy now!
16
posted on
09/28/2015 6:07:34 PM PDT
by
CapnJack
To: SkyPilot; Mase; expat_panama
Lets say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.That's called arbitrage. It's not a crime.
Someone who thinks it is could be charged with criminal stupidity though.
17
posted on
09/28/2015 6:09:45 PM PDT
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: SkyPilot
But... but... Glen Beck told me to buy gold.
To: The Toll
19
posted on
09/28/2015 6:14:44 PM PDT
by
publius911
(Pissed?? You have NO idea!)
To: IncPen
Brings to mind the banking concept of 'fractional reserve'.Taking deposits and loaning a portion of them. Yeah, sounds terrible!
20
posted on
09/28/2015 6:17:26 PM PDT
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
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