View Full Version : Q: What's up with gold? A: They want it all.
ThePythonicCow
17th December 2015, 04:22
Over the last decade I have become increasingly uncomfortable with the relentless hype in part of the alternative financial media pushing gold. The usual story is that the Fed is "printing" trillions of Dollars, putting us well along the way into hyperinflation, and that gold (and silver) will be one of the few ways to preserve wealth across the coming monetary collapse.
Also we're told that some of the banks, such as JP Morgan, have been selling gold and silver "short" (selling options on the COMEX to provide metals in the future, at a lower price) without having the metal to provide if the option buyer wants actual deliver ... a so called "naked short", promising future delivery of what you don't have, in order to drive the price down from the fake supply.
Also, we're told that China and Russia in particular have been accumulating gold and silver, emptying the vaults in New York, London and Zurich. The claimed 8000 tons of gold in the US Fort Knox was supposedly already stolen during the administration of Bill Clinton, in the 1990's.
We 're told to hang in there through the last few years of declining prices, since the peak in 2011, because once the US Dollar fails, gold (now at $1066/ounce) could go to $5000 or $10,000 or higher, and silver (now at $14/ounce) could go to $100, $200 or higher.
Some of the above is, as best as I can tell, true. The gold and silver is going "East", to China and Russia, emptying the vaults in the US and Western Europe. The US steals any gold it can from each of the (too many) nations it has invaded, starting with picking up massive amounts of gold from the Orient and Europe after the Second World War. That stolen gold is going "East."
We are also told that China and Russia can be expected to bring on a new world monetary system, based on gold backed currency and gold settlement of trade imbalances between nations.
===
I believe now that there is a deep deception in the above, that I've not seen mentioned anywhere.
I believe that (1) China and Russia are essentially, in the long run, on missions consistent with the ambitions of a few uber-wealthy families, such as the Rothschilds, to control humanity, and that (2) part of this mission involves removing precious metals as an actual, commonly used, form of money from the hands of both individuals and nations, in favor of debt-money (money lent into existence in exchange to entering into a contract with the Banksters to repay with interest, or forfeit property and income streams.)
The Chinese, especially, are soaking up whatever gold they can. The gold hype in the US (and other Western nations?) has individual people buying gold who are looking for a safe way to preserve wealth across the coming monetary collapse, and perhaps make a big profit. When the bastards in power hold 99+% of all above ground or easily mined gold, the gold market cannot be fair and open. The bastards can always drive price up or down with marginal sales, and other more devious means.
The Gold Bugs and Silver Stackers (individuals building a private stash of a few ounces or kilos of gold or silver) are being enticed to pick up pennies in front of an oncoming steam roller. At some point, the hype will have them all rushing to take their profit and unload their stash for money that they can actually spend in the market for food, clothing and shelter.
When that happens, almost no "free" gold or silver will be left in circulation ... world-wide ... almost none. It will all be held by institutions and families aligned with the "bastards" (Zionists, Jesuits, Rothschilds, etc).
One more objective of the bastards will be achieved. There will no longer be any practical basis for a precious metal based monetary system in which individuals, businesses and governments individually hold and control their savings.
All that will be left will be debt-money, on the steroids of advanced computer and networking allowing for deep, vast, fast and world-wide centralized control.
In short: gold and silver is not the "answer", unless humanity also gains the awareness and power to control its own monetary assets, which it has for the most part lacked for a long, long time.
===
Yes, the above is a bit long ... it's the first time I've written it clearly, and I don't know yet how to write it succinctly.
The above is also quite different than anything I've read elsewhere. Please keep an open mind when reading it. Thanks.
Althena
17th December 2015, 04:34
Au is one of the rarest elements in the Universe as we know it, great for space travel and the best conductor so far, it's always been about gold through the ages but not necessarily for its economic value...
Sophocles
17th December 2015, 04:42
Thank you, Paul!
And here`s how it (all?) started -according to Joseph Farrell; Babylon Banksters, Alchemy, & The Secret Science Connection (https://www.youtube.com/watch?v=PkH9iaa8IBQ):
PkH9iaa8IBQ
Btw, here`s William Garner (https://www.youtube.com/watch?v=XfoXgDusAC8)`s "Who Really Own`s Your Gold (http://www.amazon.com/Who-Really-Owns-Your-Gold/dp/0985536292)"
ThePythonicCow
17th December 2015, 05:20
Au is one of the rarest elements in the Universe as we know it, great for space travel and the best conductor so far, it's always been about gold through the ages but not necessarily for its economic value...
There may well be an essential role for gold in space travel.
But there has also been a major role for gold and silver in world monetary systems, for thousands of years.
The Zionist-Jesuit-Rothschild-Etc bastards have been working hard, over the last two or three centuries, to replace precious metals with debt-money in our (well, their) monetary system.
Now they apparently want to vacuum up any remaining gold not in their control, perhaps for two motives: space travel, and to remove it as a potential monetary base.
This is not to say that there will not be a gold element to the "next" world monetary system, but I expect that that element will be layered beneath a centrally controlled debt-money system.
Lifebringer
17th December 2015, 09:48
If as we have been told through Sitchens's translated Sumerian tablets the Anunnaki are coming and their atmosphere requires gold, then perhaps it's wise to have some, or at least be able to make a barter. Maybe they've come to realize that whatever was foretold is coming and they better have some answers, not lies.
JMO, just seems that all these stories about their atmosphere collapsing and gold being the only stabilizer, enough to enslave a planet or "create humans to mine it? Idk what the "true" answer is, but within 5 years we will know for sure.
Snoweagle
17th December 2015, 11:41
They are sucking up gold in public circulation and now the Indian Government is considering the creation of a Gold Exchange. A global effort. Africa, South America, anybody?
http://economictimes.indiatimes.com/news/economy/policy/government-floats-idea-of-countrys-first-gold-exchange/articleshow/49997769.cms
India exchange of gold:
http://economictimes.indiatimes.com/topic/exchange-of-gold
Gold is abundant in our Milky Way and it is here as well. Our Science sucks!
Bill Ryan
17th December 2015, 14:49
.
Historically, it's an interesting phenomenon. My own best guess is that it's a Morphic Field kind of thing.
In ancient times, it probably wasn't easy to find, was relatively easy to melt and craft, and also looks very nice. It must have been an obvious item to trade, for example. So it may simply be valuable just because it's always been valuable, and no-one really knows for sure how it all started.
Carmody
17th December 2015, 16:42
I've also covered the subject of transmutation, and done so quite extensively. The historical and scientific record now shows it to be a very real thing. Thus, gold can be manufactured, so coming here to get gold (the anunnaki/gold/harvest premise -- is dead in the water) is definitely off the table as it can be made....anywhere and any time..for pennies on the dollar.
This, through multiple different paths of technology. The extrapolation of emergent science into prima-matter... into all desired forms of elements, alloys and structures.. is less than 20 years away, in my well educated estimation. (I could fill this thread with 10-20 pages of links and articles to back that up, all in scientific report form)
So what game, exactly, IS afoot?
It becomes a case of... possibly... trying to use the precious metals gambit before it is obsolete. In similar fashion as fiat money and banking bailouts, etc.
norman
17th December 2015, 17:12
"Rare" and "Precious" are memes akin to "authority".
They worked very well for millenia in a type 0 civilisation. They do imply a considerable amount of individual peer to peer sovereingty, though. That's not something that's part of the plan for the future they want.
As with finding new structures of population control for a type 1 civilisation ( based on elite control ), what we call money, has to be changed to something quite opposite from rare or precious or individually accumulative by the little guy. Something more like a single source of all payments that has multiple levels of access and control according to who you are. Anything from absolute dictator/ruler to completely cut off and out of the matrix ( as good as dead - like a cancer cell that's had it's blood supply cut off ).
ThePythonicCow
17th December 2015, 18:05
It becomes a case of... possibly... trying to use the precious metals gambit before it is obsolete. In similar fashion as fiat money and banking bailouts, etc.
I sometimes think of it as using the legendary lustre of gold to once more "crown" or "bless", as with holy water, a new replacement global monetary system, to replace the US Dollar. This new system will rely on a powerful and pervasive global data processing and networking system to keep the books and enforce the contracts. As now, "contracts" are such as those between a cat and a mouse, or a master and a slave ... unfair and imbalanced to the core.
This pervasive monetary network can mostly replace the use of courts, UCC law, police, governments, armies, spies, propaganda, economic hitmen and jackals (these last two words I take from John Perkins testimony) to enforce these "contracts" between humanity and and the bastards in power. However, as now, humanity is difficult to entirely tame. We have a wild spirit. Vive notre esprit sauvage!
To sell this new network, they have to make the current US Dollar hegemony look really bad (they're off to a good start on that objective <grin>.) The new network will have an element of gold in it, as presented, but not gold and silver as once empowered the common man with a coin in his pocket. Instead it will be some sort of gold and silver "backing" that is in some nebulous way entirely controlled from behind the curtain. For example, no commoner will ever actually be able to verify the true gold reserves of any nation.
The gold bugs and silver stackers are being encouraged to expect to sell their hoard at some future time to some company or institution for a profit, or to be forced to hand over their stash to some government authority, for the "right" to stay out of prison. They are not likely to end up using their stash in routine trade for a loaf of bread, a suit, or a weeks lodging.
Wide-Eyed
17th December 2015, 18:22
https://youtu.be/LP1A9oy0s9A David Sereda about 22min mark: gold used with pyramids using gold in crystal oscillators for communication to ET 100+ x sppeed of light ,Sereda has a big PA file and I started one on this lecture that deals with communicating with star systems and frequencies. Carmody is he legit or ?
ThePythonicCow
17th December 2015, 18:34
.
A sign of the times ... in the last month, some of the stores I shop at have started requiring that I use the "chip" in my credit card, not the magnetic stripe, to "run" my card. Instead of swiping my card through a magnetic stripe reader (a quick operation that just reads the swipe), instead I insert my card into a slot and leave it in there while some interaction occurs over the network, authorizing the transaction.
From How Does Chip & PIN Actually Work? (Credit.com) (http://blog.credit.com/2014/10/how-does-chip-pin-actually-work-97454/):
=========
http://www.mastercard.com/au/personal/en/images/Chip%20Card.jpg
Perhaps you’ve recently noticed a gold or silver colored metallic square on the front of your newest credit cards. It looks kind of cool and futuristic, but how does it work?
Of course, what you are looking at is a microchip that is often referred to as an EMV smart chip. EMV stands for Europay, MasterCard and Visa, the three companies that created this microchip authentication system for credit, debit and ATM cards. And despite its futuristic appearance, these type of chips have been around for about 30 years, even though they only started appearing on cards issued in the U.S. within the past five years.
These chips are designed to work in conjunction with the next generation of credit card terminals that have already been deployed in Europe, Canada and other parts of the world. Instead of swiping a credit card and having a machine read its magnetic stripe, cardholders or cashiers insert or “dip” the card into a machine that directly contacts the chip and reads it. But unlike a simple magnetic strip, the chip interacts with the machine that is reading it, in order to encrypt the data and authenticate it more securely. In effect, the credit card and its reader have an encrypted conversation in order to ensure the credit card is valid, while a simple (that is, “dumb”) magnetic stripe merely recites your credit card number and expiration date to any machine that can read it.
=========
So ... if the "computer in the sky" doesn't like me that day ... I guess it's "Yes we have no bananas today" for me :).
ThePythonicCow
17th December 2015, 19:51
So ... if the "computer in the sky" doesn't like me that day ... I guess it's "Yes we have no bananas today" for me :).
... see here for how the computer in the sky might determine if it "likes" me: Sesame Credit - Mandatory by 2020 (in China) (http://projectavalon.net/forum4/showthread.php?87606-Sesame-Credit-Mandatory-by-2020--in-China-&p=1030411#post1030411).
Ouch :facepalm:
KiwiElf
17th December 2015, 20:37
You nailed it Paul - it is very much needed for space travel and other related exotic technology
ThePythonicCow
17th December 2015, 21:46
It becomes a case of... possibly... trying to use the precious metals gambit before it is obsolete. In similar fashion as fiat money and banking bailouts, etc.
Ah - I am revising my theory.
Rather than figuring that the bastards want to get gold out of the hands of independent agents (nations, people, ...) because it has long and been and could once again be a potential danger to the new world monetary system the bastards are working on, ...
Instead I now wonder if what they are doing is unloading their gold on whatever sucker they can find, very rich suckers such as China preferred, just as the Anglo-American petro monopoly unloaded US Treasuries on OPEC (and China.)
Not that I figure China is your typical sucker ... I presume that they have some very sharp minds, including in places of very high power. However, as a consequence of the Opium wars, the Communist Revolution, the Sino-Japanese, World War II, the Cold War, the Great Proletarian Cultural Revolution, and the globalization of world trade and industrialization of China, China is no longer an imperial majesty independent from the world's bastards in power.
===
Of course, most major operations have multiple motivations and objectives, and all the elaborate energy spent telling stories about gold for the last decade and continuing certainly speaks of a major operation.
In this case, unloading a few thousand tons of precious metal that will soon become a commodity metal on China also helps build up the stash of "golden holy water" that will help anoint the new world monetary system, and serves as an another useful "carrot" to help keep them in line and cooperating with the plan. It's just good business practice to unload stuff for whatever useful returns you can get for it, if you know it will soon be worth far less.
At the same time, the gold meme in the US and similar places is sowing the seeds of doubt about the current US Dollar monetary system amongst the more fringe thinkers (though some, such as Peter Schiff, aren't all that fringe), which will be useful when it comes time to introduce the Death of the World Reserve Dollar to the averge American.
Major memes and operations always have multiple motivations.
¤=[Post Update]=¤
You nailed it Paul - it is very much needed for space travel and other related exotic technology
Ah - I didn't say that the gold was being collected for exotic space tech uses :).
avid
17th December 2015, 22:40
I'm putting the kettle on for cups of camomile tea, the real honest valuables will be hidden, and hopefully for the good, but the circumstances of a major global conference, and a major seeded storms system is forcing carbon taxation upon us relentlessly, the weird weather is now in Sydney...!
Alchemy and gold manufacture..?
mgray
18th December 2015, 12:49
Paul,
You give too much credence to the gold-selling hucksters. They operated like any other boiler room stock scammer, with their MO being economic fear porn.
Since gold has been valuable for so long, most of what has been pulled out of the earth is still with us. Silver on the other hand has many more industrial uses, so plenty of it has been reburied in the earth at landfills and the like.
For gold to go north of $3,000 an ounce is pure nonsense. There's too much of it and if it got close to $2,000 there would be too much selling to support a move higher. Women alone would be sellers of all those single gold earrings in their jewelry boxes lol.
The pump & dump scheme on gold is similar to the bitcoin craze for younger more tech savvy kids, who can't afford gold. It's much easier to blame the illuminati for gold getting beat up, then to admit you are running a scam.
There's no free lunch and there's no sure fire way to get rich quick.
I have a 10% stake in gold as a hedge, that's all it is. My Apple stock of 20 years has done far better than my 10-year stake in gold to this point.
This time of the year it's better to be in Frankincense and Myrrh futures anyway. lol
ThePythonicCow
18th December 2015, 20:47
Paul,
You give too much credence to the gold-selling hucksters. They operated like any other boiler room stock scammer, with their MO being economic fear porn.
I'll mostly agree with that, regarding many of the gold hucksters that I might know by name and see repeatedly selling their stuff.
But there is a meme behind the hucksters, that some with ties to the inner financial circles have been pushing for perhaps a decade now.
This fear porn, like many, has roots.
ThePythonicCow
18th December 2015, 20:50
My Apple stock of 20 years has done far better than my 10-year stake in gold to this point.
Past performance is not an indicator of future outcomes. :)
(And yes, if I had money to invest, I would be wishing now that I had invested in a crystal ball back in 2008 with some of that money, so that I would have put more in leading stocks, and less in precious metals, than I likely otherwise would have.)
Morbid
18th December 2015, 23:33
really recommend these series made by Mike Maloney. there are six so far. enjoy.
DyV0OfU3-FU
Snoweagle
19th December 2015, 12:51
.
Historically, it's an interesting phenomenon. My own best guess is that it's a Morphic Field kind of thing.
In ancient times, it probably wasn't easy to find, was relatively easy to melt and craft, and also looks very nice. It must have been an obvious item to trade, for example. So it may simply be valuable just because it's always been valuable, and no-one really knows for sure how it all started.
It is a "Morphic Field kind of thing" indeed.
Ancient times I refer to here is before five thousand years ago.
In ancient times Gold was everywhere!
In ancient times Gold was prolific!
In ancient times Gold was NEVER used as a financial commodity. Or rather, there is absolutely no evidence that gold was ever used used as a financial commodity in respect to our current understanding. Gold has NO ECONOMIC VALUE other than what we give to it. BitCoin is spiritually more beneficial than Gold will ever be.
Africa, Persia, South America and even Europe has evidences that gold (and other conductive materials) was worn as jewelery or "protection".
I am referring to the periods of time pre five thousand years ago. It was around this period that elements of trade apparently started to use gold. Am not going to comment further about trade and gold as it is a thorny scurilous aspect of humanities spiritual demise. And there are others with expertese in this broken chalice of study.
The Morphic Field analogy is very accurate in my opinion.
I believe that every single human being (all living creatures, within reason) should wear a Gold necklace from birth to death.
I believe every expectant mother should attach a miniature gold necklace attached to the mothers own for the duration of the pregnancy and immediately adorned on the new born infant at birth.
Gold has awesome and unique scientific and spritual properties which we discuss seperately, in isolation to each other and that is the state of our education system. Yet they are one and the same thing.
When everyone TUNES into one another by the presence of gold around our necks it establishes balance. (Mister T jokes aside, is just a cartoon creation for simpletons).
The world will be a better place if we were all to accept this as normal practice.
__________________________
Also, pure Gold is a perfect superconductor. Thats something the PTB do not want known to the public.
Pam
19th December 2015, 15:09
.
A sign of the times ... in the last month, some of the stores I shop at have started requiring that I use the "chip" in my credit card, not the magnetic stripe, to "run" my card. Instead of swiping my card through a magnetic stripe reader (a quick operation that just reads the swipe), instead I insert my card into a slot and leave it in there while some interaction occurs over the network, authorizing the transaction.
From How Does Chip & PIN Actually Work? (Credit.com) (http://blog.credit.com/2014/10/how-does-chip-pin-actually-work-97454/):
=========
http://www.mastercard.com/au/personal/en/images/Chip%20Card.jpg
Perhaps you’ve recently noticed a gold or silver colored metallic square on the front of your newest credit cards. It looks kind of cool and futuristic, but how does it work?
Of course, what you are looking at is a microchip that is often referred to as an EMV smart chip. EMV stands for Europay, MasterCard and Visa, the three companies that created this microchip authentication system for credit, debit and ATM cards. And despite its futuristic appearance, these type of chips have been around for about 30 years, even though they only started appearing on cards issued in the U.S. within the past five years.
These chips are designed to work in conjunction with the next generation of credit card terminals that have already been deployed in Europe, Canada and other parts of the world. Instead of swiping a credit card and having a machine read its magnetic stripe, cardholders or cashiers insert or “dip” the card into a machine that directly contacts the chip and reads it. But unlike a simple magnetic strip, the chip interacts with the machine that is reading it, in order to encrypt the data and authenticate it more securely. In effect, the credit card and its reader have an encrypted conversation in order to ensure the credit card is valid, while a simple (that is, “dumb”) magnetic stripe merely recites your credit card number and expiration date to any machine that can read it.
=========
So ... if the "computer in the sky" doesn't like me that day ... I guess it's "Yes we have no bananas today" for me :).
Hey Paul, Is that your actual card? If so do you mind sharing the 3 digits on the back????teeeeheeeeeheee
seehas
19th December 2015, 17:22
wasnt it sitchin that came up with the story about gold mining aliens that used human slaves to work in the goldmines?
if this is true we know where the need for gold comes from and maybe these overlords never realy left the planet either.
ThePythonicCow
20th December 2015, 19:02
I believe that (1) China and Russia are essentially, in the long run, on missions consistent with the ambitions of a few uber-wealthy families, such as the Rothschilds, to control humanity,
That's the key question, and I will confess that I keep oscillating in my mind whether this is true or not. Have the Khazarian-Jesuit-Zionist-Rothshchild-Morgan-Rockefeller-Neocon devils truly gained control of Russia and China?
Perhaps not even those devils themselves know that for sure :).
Perhaps this depends on whether there really are long lasting and very deep alien influences on humanity.
ThePythonicCow
20th December 2015, 20:55
Perhaps this depends on whether there really are long lasting and very deep alien influences on humanity.
Or, if not aliens, perhaps (as I posted here yesterday) the Magicians of the Gods (http://projectavalon.net/forum4/showthread.php?76591-Global-Currency-Reset--SDR-s-and-the-New-Bretton-Woods-by-JC-Collins-&p=1031082&viewfull=1#post1031082).
Perhaps the Khazarian-Jesuit-Zionist-Rothshchild-Morgan-Rockefeller-Neocon bastards are being reined in by the descendants of Atlantis.
nomadguy
21st December 2015, 08:08
A question I rarely see asked on this subject is,
What does gold do for Earth when in a natural state? What does gold do for the Earth's surface or crust?
Say you figure out a way to remove the vitamin D from your skin. Wouldn't your skin suffer consequences?
Note: We are removing a myriad of substances from the crust of the earth and some of these, namely gold, the palladium metals, and a few others, have an interesting quality where these elements can absorb radiation. These qualities are certainly a focus for the development of new technologies. See here => link (http://www.nature.com/articles/srep06904). In this article it appears that palladium and gold can be used to enhance the absorption of radiation at higher heats as palladium has a very high melting point. A lattice could be created with finite precision(nano scale) to focus light at specific angles that could greatly enhance photo-voltaic arrays. Spin off? Less light from a star or radiative source would be needed to collect energy and would not burn up during a peak or burst of radiation on that surface.
As a byproduct however, is that the planet's deeper layers might receive more radiation from space, because we are weakening natural areas of collection of these radiation absorbing materials.
If you were to dilute the amount of calcium on a spot of a chickens egg, the egg would lose it's strength. The strength of that egg is in the consistency of minerals in the thin egg shell.
Hervé
27th December 2015, 13:44
The Mystery Of Dubai's Vaporized Gold: The Plot Thickens (http://www.zerohedge.com/news/2015-12-26/mystery-dubais-vaporized-gold-plot-thickens)
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/26/2015 19:13 -0500
Earlier this week, we told a fascinating (http://www.zerohedge.com/news/2015-12-24/exclusive-gold-gone-its-all-gone-one-gold-scandal-goes-very-top)story about an unprecedented, multi-year smuggling ring involving Turkey, Iran, and Dubai (as well as China, Russia and countless other nations) which saw corruption reaching to the very top of the political and financial establishment: from president Erdogan in Turkey, to one of Turkey's richest people, Iran-born Riza Sarraf, to Sheikh Sultan Bin Khalifa Al Nahyan, the son of the ruler of Abu Dhabi and one of the world's richest people. The smuggled object in question was gold, billions of dollars worth of gold.
The focus of the story was the previously unknown Dubai gold trading house, Gold.AE, until recently managed by one Mohammed Abu-Alhaj, which as we showed was the primary conduit by which Turkish physical gold found its way "legally" in Dubai, from where it subsequently left for Iran but not before pocketing millions in "commissions."
As we reported, Gold.AE - a subsidiary of Gold Holding, the largest gold-focused investment holding company headquartered in Dubai - and the company perhaps best known for launching gold ATMs in the Emirates back in 2010...
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/12/Goldae%20gold%20ATM_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/12/Goldae%20gold%20ATM.jpg)
... announced a few days ago that it had suddenly and unexpectedly gone out of business, after an inquiry by minority shareholders announced that the entire old "management team abruptly resigned with no notice" and that "there had been substantial withdrawals from the company's account to the personal accounts of some of the management and the majority shareholders."
In other words, the company which was used as a cover for billions in gold transactions over the last several years in the Turkey-Iran gold smuggling trade, was suddenly not only insolvent but had been thoroughly plundered of all its holdings, including a thorough plundering of client accounts.
Think the Corzining of MF Global, only on steroids, goes to Dubai.
To be sure the police was quickly involved:
In order to try and secure/recover monies that had been taken out of the accounts of the company, Mr. Gauthier in his capacity as manager has filed various cases as against the recipients of the funds from the Company (Dubai Police ( Bur Dubai Police Station), Case No: 24378). The minority shareholders are doing everything within their powers to support him in his efforts to recover these monies that were withdrawn from Gold AE in questionable circumstances.
DMCC has alleged that some of these activities undertaken by the previous management are in breach of DMCC's rules and as such they have taken the decision to terminate the license of the Company. We are working closely with DMCC to find a solution and in the meanwhile, we request that you bear with us. In the meanwhile, as a statutory consequence of the license being terminated, the trading platform of the Company has to shut down as of the date of termination of the license which is 24th November 2015.
However, since as Gold.AE admitted a Swiss bank account had been uncovered, it is very unlikely that any of the funds involved will be recovered.
And now that the gold-trading company at the nexus of what may have been the world's biggest gold smuggling ring in history has imploded seemingly overnight, vaporizing countless tons of physical gold and unknown amounts of client cash, even more questions remain.
One attempt to answer some of these comes from the website of Arabian Business (http://www.arabianbusiness.com/dubai-gold-website-launches-legal-action-amid-claims-of-fraud-mismanagement--616283.html), which has picked up on this trail and reports that it is understood that the previous management team were replaced in March, resulting in the appointment of Andres Gauthier as CEO and Mo Nico Consari as managing director.
It is unclear why or what prompted the removal of the previous management team, or why it took nearly 9 months for an update to clients to be issued, in which it was made abundantly clear that there was no money left in the gold trading organization.
The article continues: [at: http://www.zerohedge.com/news/2015-12-26/mystery-dubais-vaporized-gold-plot-thickens (http://www.zerohedge.com/news/2015-12-26/mystery-dubais-vaporized-gold-plot-thickens])]
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