As a kid I lent my toy car to a bully. After a period of time a kindly asked it back but to no avail. After 51 years I still live with hope in my toy car out there, but that bastard is long gone…
I can remember when I was at our village infants school - when it was safe and normal for kiddy winks to walk to school and back ..etc - How after 6 - 7 x months I was fairly regularly picked on by an a-typical Bully and his 2 x mates ( I was stocky - Chubby then ) .
I got really fed up and told my mother what was happening & asked what to do .
As opposed to " Turn the other Cheek " she said to stand up to him and fight back .
I took this on board and the next time ' The Bully ' picked on me on the way home - I picked him up and threw him over the hedge straight into a Rose Bush ...much screaming .
This brought out the old lady who owned the house ( & rose bush ) who proceeded to tongue lash me for - " Picking on that poor little boy " and then to report me to the school where I was called in for a dressing down - despite my being the real injured party.
This is what's termed as a - " Rite Of Passage " , some turn out well and some don't .
Moral of the story ...I was never picked on by anyone from anywhere ever again .
Never give in to Bully's as they'll never leave you be & if you confront them , then they may think twice about making some other kid's life a misery .
Might I refer you to my reply to ' Bharat ' ( Just posted ) .
If he'd followed my path to retribution ( courtesy of my Mother ) , then he'd
not be still dwelling on this clear injustice this day - he'd have vented his spleen
in time honoured fashion - JOB DONE ..!! . Plus remember the value and loss of that little car to ' Bharat ' back then probably didn't fall far short ( if at all ) to the value he put's on his stash of Metal today ....now that he's a ' Big boy ' and all grow'd up .
"I am pleased to reassure you that your gold is safe and sound. I was in the vault just the other day with a torch and could see it clearly, albeit at some distance. Unfortunately, access is problematic: it has become rather wedged in behind a broken-down forklift truck and some collapsed shelving. In addition we have been waiting for some time for the lights to be repaired, which requires a new contractor to go through a stringent authorisation process. Similarly, a number of locks need to be changed and some guard dogs are currently unwell. Rest assured that we treat the repatriation of your gold as high priority, though you will appreciate this will take some time. We thank you for your continued trust in us."
As with any good old fashioned bank ( or bullion ) run - you can't afford not to be at the very front of the line of desperate punters .
Whether the German's are actually in the process of repatriating their Gold to the Fatherland ( which they should be and as fast as possible ) or they're just going to sit back behind the lie that they've still got the utmost and ongoing faith in the probity of the N.Y. Fed ( Why for god's sake ..?? )...etc - I think that the mere fact that this report in ' The Telegraph ' has just surfaced + also doubtless in the media across Europe and indeed world-wide - then this will be potentially be sufficient to raise the red flag to any number of Nation's / Central Banks who've thus far all been sitting on their hands so as not to cause ructions with the U.S. .
The Dance Hall is clearly a-blaze - time to break down the doors and get out before you're all burnt to a Cinder ..!
Alasdair, for the benefit of individuals who have bought gold, are you able to clarify please the distinction between buying gold from a bullion bank that engages in leasing the gold it holds (the risk you highlight in this article), versus buying gold from a bullion dealer where the gold is allocated to your account and not leased to others?
The widespread advice to take delivery of gold (or silver) that one has bought from a dealer in order to have it in one's possession, is advocated to avoid risks (security and/or regulatory?) associated with storage by a third party. However, surely physical possession is not without its risks such as loss in transport and safe storage wherever you choose to store it (and, of course, loss due to the legendary 'boating accidents'!).
Your further comments on navigating these choppy waters would be welcome.
I remember watching Max Keiser (in his gold bug days), on his show on RT back in the day, talking about Germany's gold and egging them on to ask for their physical gold back from the US. He put up a video of himself outside the Bundersbank, going into the bank's front lobby and asking 'DO you know where your gold is?' or something like that .. he got bemused people coming down from above to speak to him .. in my view that was the Bundersbank's wake up call. I can't fid that clip anywhere on tinternet.
On Italian gold (noone write on this, even if "our" gold should be only a little less than Germany's one...)
I suppose being 1/3 local, 1/3 Fed, and the other 1/3 between Bank of England and Bank of France.. But they are so mum here that I'm not holding my breath on better explanations..
But my point is, if I may ask to better minds, how is internationally regulated the ownership of central bank's gold?
What I mean is (accordingly of what I believe):
Bank of Italy is a stock corporation where the stock ownership is divided by the banks who are formally the owners. But, the same applies to the other western countries as well?
Bundesbank is a German state/people bank or the same as Italy, a corporation of german banks? What about Bank of England and France?
Usa has the Treasury that formally is separate from Fed, being the Fed more or less like our Bank of Italy was before the Euro centralizing...
Up to 1982 Bank of Italy (if I remember correctly) was a branch of our Treasury department, but then separated and privatized to the usual suspects...
With NO DEFENSE of it own, Dependind on USA for its own defense and a hungry tigress in Russia, Germany will compromise in getting it gold back.
No nation who foolishly kept their physical gold with BOE / NY FED or elsewhere , will get back in their possession their physical gold anytime in near future.
Asking for a friend? Did Mr. Gaddafi had to die and a sovereign country be destroyed so BRD could receive some gold? Hmm, what country is left that has serious amount of bullion and is need of democracy?
I read something about this earlier in the week. I got the impression that they were told to shut up and not make waves. Being told that would indicate a massive red flag to me. They'll never get it back 'cause it ain't there
Reading this article invoked a memory:
As a kid I lent my toy car to a bully. After a period of time a kindly asked it back but to no avail. After 51 years I still live with hope in my toy car out there, but that bastard is long gone…
I can remember when I was at our village infants school - when it was safe and normal for kiddy winks to walk to school and back ..etc - How after 6 - 7 x months I was fairly regularly picked on by an a-typical Bully and his 2 x mates ( I was stocky - Chubby then ) .
I got really fed up and told my mother what was happening & asked what to do .
As opposed to " Turn the other Cheek " she said to stand up to him and fight back .
I took this on board and the next time ' The Bully ' picked on me on the way home - I picked him up and threw him over the hedge straight into a Rose Bush ...much screaming .
This brought out the old lady who owned the house ( & rose bush ) who proceeded to tongue lash me for - " Picking on that poor little boy " and then to report me to the school where I was called in for a dressing down - despite my being the real injured party.
This is what's termed as a - " Rite Of Passage " , some turn out well and some don't .
Moral of the story ...I was never picked on by anyone from anywhere ever again .
Never give in to Bully's as they'll never leave you be & if you confront them , then they may think twice about making some other kid's life a misery .
Absolutely. Separate the bully from his dopey "minders" and you soon find out what a dick he really is👍
It's true that wrongs done to us in childhood really linger. Hope you can let go as it's not your stash of gold.
Good Afternoon Catherine ,
Might I refer you to my reply to ' Bharat ' ( Just posted ) .
If he'd followed my path to retribution ( courtesy of my Mother ) , then he'd
not be still dwelling on this clear injustice this day - he'd have vented his spleen
in time honoured fashion - JOB DONE ..!! . Plus remember the value and loss of that little car to ' Bharat ' back then probably didn't fall far short ( if at all ) to the value he put's on his stash of Metal today ....now that he's a ' Big boy ' and all grow'd up .
Best and most accurate comment of the day !
"I am pleased to reassure you that your gold is safe and sound. I was in the vault just the other day with a torch and could see it clearly, albeit at some distance. Unfortunately, access is problematic: it has become rather wedged in behind a broken-down forklift truck and some collapsed shelving. In addition we have been waiting for some time for the lights to be repaired, which requires a new contractor to go through a stringent authorisation process. Similarly, a number of locks need to be changed and some guard dogs are currently unwell. Rest assured that we treat the repatriation of your gold as high priority, though you will appreciate this will take some time. We thank you for your continued trust in us."
As with any good old fashioned bank ( or bullion ) run - you can't afford not to be at the very front of the line of desperate punters .
Whether the German's are actually in the process of repatriating their Gold to the Fatherland ( which they should be and as fast as possible ) or they're just going to sit back behind the lie that they've still got the utmost and ongoing faith in the probity of the N.Y. Fed ( Why for god's sake ..?? )...etc - I think that the mere fact that this report in ' The Telegraph ' has just surfaced + also doubtless in the media across Europe and indeed world-wide - then this will be potentially be sufficient to raise the red flag to any number of Nation's / Central Banks who've thus far all been sitting on their hands so as not to cause ructions with the U.S. .
The Dance Hall is clearly a-blaze - time to break down the doors and get out before you're all burnt to a Cinder ..!
BRD, being conquered, is now a vasal state.
Tribute is paid in real dosh!
"Possession is all".
Alasdair, for the benefit of individuals who have bought gold, are you able to clarify please the distinction between buying gold from a bullion bank that engages in leasing the gold it holds (the risk you highlight in this article), versus buying gold from a bullion dealer where the gold is allocated to your account and not leased to others?
The widespread advice to take delivery of gold (or silver) that one has bought from a dealer in order to have it in one's possession, is advocated to avoid risks (security and/or regulatory?) associated with storage by a third party. However, surely physical possession is not without its risks such as loss in transport and safe storage wherever you choose to store it (and, of course, loss due to the legendary 'boating accidents'!).
Your further comments on navigating these choppy waters would be welcome.
Thank you for your ongoing valuable insights.
Germany have faith putting their gold in a country that destroy their gas pipeline. A funny world we live in.
If you cant get your gold back, then you buy more on the open market to raise the price
and at some stage, you sell the gold that is hostage in N.Y - fort knox et al.
check mate
The timing of the 31 march to buy silver only to crash w days later is very similair to the silver apes tamp down....
total rigged game if you play the geared margin suckers roulette.
Is Doge not CONcerned with the fraud of the Mining Companys that make the Commodities
but instead protect the Bankers...??
WHAAAAAAAAAAAT ....??
I think he is saying that the silver squeezers bought high!
https://archive.org/details/RT_20130119_213000/start/0/end/60
https://archive.org/details/RT_20130119_213000/start/60/end/120 (then click on the following clips)
I have found the clip ... Enjoy follow the clips for the whole story ,.,. with Max Keiser and Stacy Herbert
I remember watching Max Keiser (in his gold bug days), on his show on RT back in the day, talking about Germany's gold and egging them on to ask for their physical gold back from the US. He put up a video of himself outside the Bundersbank, going into the bank's front lobby and asking 'DO you know where your gold is?' or something like that .. he got bemused people coming down from above to speak to him .. in my view that was the Bundersbank's wake up call. I can't fid that clip anywhere on tinternet.
Well despite his voice, twelve yrs ago I had no idea of the importance of owning physical gold and silver.
Couldn't stand Kaiser's voice - neither him for that matter!
On Italian gold (noone write on this, even if "our" gold should be only a little less than Germany's one...)
I suppose being 1/3 local, 1/3 Fed, and the other 1/3 between Bank of England and Bank of France.. But they are so mum here that I'm not holding my breath on better explanations..
But my point is, if I may ask to better minds, how is internationally regulated the ownership of central bank's gold?
What I mean is (accordingly of what I believe):
Bank of Italy is a stock corporation where the stock ownership is divided by the banks who are formally the owners. But, the same applies to the other western countries as well?
Bundesbank is a German state/people bank or the same as Italy, a corporation of german banks? What about Bank of England and France?
Usa has the Treasury that formally is separate from Fed, being the Fed more or less like our Bank of Italy was before the Euro centralizing...
Up to 1982 Bank of Italy (if I remember correctly) was a branch of our Treasury department, but then separated and privatized to the usual suspects...
Other Countries?
Asking for a friend... :)
I am afraid that Italy's gold held in FED's vaults has long gone
Me too I'm pretty sure of that, being the less strong owner in the lot... and the other as well anyway.
Let's joke and see who will follow me here... movie buffs welcome.
Wasn't Hans Gruber a German?
Where is his brother when You need it?
:) :) :)
It's likely been spent or pawned to a bank. This country loots the tax payers with constant schemes called programs.
As Mud told Neckbone and Ellis: Possession is nine-tenths of the law!
https://www.youtube.com/watch?v=rcbnRoFcrEA&t=24s
With NO DEFENSE of it own, Dependind on USA for its own defense and a hungry tigress in Russia, Germany will compromise in getting it gold back.
No nation who foolishly kept their physical gold with BOE / NY FED or elsewhere , will get back in their possession their physical gold anytime in near future.
Asking for a friend? Did Mr. Gaddafi had to die and a sovereign country be destroyed so BRD could receive some gold? Hmm, what country is left that has serious amount of bullion and is need of democracy?
I read something about this earlier in the week. I got the impression that they were told to shut up and not make waves. Being told that would indicate a massive red flag to me. They'll never get it back 'cause it ain't there
Do we know when ' ... as these leases fall due.' ? Which is the shortest, which is the longest ?
Achtung bullion!
Absoloutley ..... Ausgetzeichnet Mein Freund .
ausgezeichnet!
Greetings from the BRD - few of my German friends refer to it as Germany.
Thanks Mark - I'll try and remember that for the next time that ' Germa ' - sorry the ' BRD ' is on the agenda . Best - Simon
Thank you Alasdair.