MASSIVE SPIKE IN GOLD MOVEMENT… BUT WHOSE?

MASSIVE SPIKE IN GOLD MOVEMENT… BUT WHOSE?

M.W. and other readers of this site spotted this one, and it's a stunner when one fully thinks about the implications, for there's been a movement - in reality, a sudden and sharp spike - in the movement of about 12 billion pounds' worth of British gold:

The Multi-Billion-Dollar Mystery Of The Great British Gold Sale

Now, firstly, that gold movements are counted as imports and exports, and thus, the sudden movement of all this gold caused Britain to record a trade surplus for the first time since 1998:

It has serious consequences. Since comparable records began in 1998, there hasn't been a single month where the UK was a net goods exporter. We've always had a deficit. In December, thanks to the £12bn gold exports, Britain recorded its first monthly trade surplus on record...

After considering other reasons for this sudden and massive movement, Zero Hedge comes up with the following scenario:

As far as I can divine here's the answer.

A US bank with London gold vaults shifted some of that gold from being "unallocated" to being "allocated".

Effectively it moved it on its balance sheet.

The gold stayed in the same vault but technically it shifted from UK ownership to US.

In other words, a couple of clicks in a bank's spreadsheet caused the biggest fluctuation in Britain's trade figures in modern history. At least that's the most plausible explanation.

Though it raises further questions: Why? Is the bank in trouble? And who owns the gold anyway? And is it just a coincidence that all of this occurred as The Fed was forced to unleash unprecedented liquidity to support the repo market...

Short answer: we may never know. No other sector is as cloak-and-dagger as gold. What we do know is that crazy stuff is happening beneath Britain's national statistics and it's time we started paying attention to it.

"No other sector is as cloak-and-dagger as gold."

You can say that again. In fact, say it several times.

Needless to say, I can't help but indulge in some high octane speculation, and it's going to be of a very different nature than Zero Hedge's which, to be honest, is far more likely than my own. But I cannot help but think of this in the context of all those bearer bond scandals a few years ago, and think of it in the wider context of the financial problems in various countries and banks. Hong Kong and Shanghai Bank, for example, just posted record losses (see HSBC misses expectations on 2019 pre-tax profit, will cut 35,000 jobs) , and given the uncertain situation there, especially with the corona virus story playing in the background, there may be some reason to believe that it was not a US bank that was the sudden beneficiary of an "allocation" of so much gold. It's that suddenness - plus the fact that we don't know who really was the beneficiary, i.e., who owns all that gold - that also suggests yet another scenario: one not of propping up a bank or several banks, but rather, the "calling in of a marker," of something done under duress. But again, duress from whom, and on whom? Propping up Hong Kong while the rest of China's economy slows under the weight of the corona virus story makes some sort of grizzly sense.

But if those scenarios were true, one might - one should - expect to see some sort of similar spike in the trade figures of whatever country's institutions received that transfer. To my knowledge, we've seen none; the only "connector" here is Zero Hedge's speculation about the Fed and the repo market. And that raises the question, if it was a US institution or institutions receiving it, was it a loan? If so, from whom to whom? It's that secrecy that bothers me, because without any correlative activity, it's as if that gold has simply disappeared... all we're left with is speculation. If Zero Hedge's speculation be true, then one might expect a sudden spike in trade deficits to show up somewhere... if not, then we must look for deeper explanations, for 12 billion at the power end in gold does not seem to be popping out in 12 billion at the load end of the circuit, which would imply there's more to the circuitry than meets the eye...

See you on the flip  side...

 

21 thoughts on “MASSIVE SPIKE IN GOLD MOVEMENT… BUT WHOSE?”

  1. https://www.youtube.com/watch?time_continue=1826&v=2UvNtf41z-0
    (BREAKING) Daniel Estulin alerts major concern over the Corona Virus.

    Daniel Estulin always delivers crazy sounding ideas that turn out (sooner or later) to be much saner than the corporate pro-pagan-da. One of the most significant facts he highlighted: over 600,000 annual flu deaths per year for years and now 2,000 deaths in a month and the world needs to panic?

    https://www.youtube.com/watch?v=CtfqUtW_8AA
    The BEST NEWS re CΟRΟNΑ VΙrus you’ve heard all month! (..kinda)

    Dana Ashlie delivers some more plausible explanations as well. 5G to target dissidents – like taking out small birds in a neighborhood by the Hague?

    1. Zeno I think that Estulin may be partially right in the sense that the PTB’s, as well as the usual fear-mongering, want to ramp up demand for or acquiescence to whatever alleged treatments Big Pharma wants to sell. It is pretty common knowledge that getting the “common” flu vaccine leads to coming down with the sickness, so the death figures he cites should be seen as an indication of the failure of Big Pharma; but ironically the perception promulgated by “scientism” is quite the opposite. If the current event turns out to be a “dud” from the medical viewpoint, as Estulin suggests, nobody will be happier than me.

  2. $12B is only 12 of QEII’s Cinderella (24/7 proof) horse carriages, but they are harder to move internationally .
    More importantly will we be able to stop all the pork eaters from going all hystemaemic? Pigs ##rse – http://82.221.129.208/.vr2.html
    Anything they say about corona virus is telling porkies. Wonder if we could round them up come the revolution and FORCE them to eat pork.
    I’d invest in antihistamines before gold now.

  3. This brings up the question did the USA REALLY win its war for independence. Or has it always been a secret vassal of the Crown accept this is all kept under the table and behind the curtains. In other words out of sight out of mind.

    1. I think Doc has made that point about WWII a few times and well. Given the marh, might that not be the case in all banker’s wars? And aren’t they all bankers’ wars?

  4. I don’t want to break up the severity of the conversation but this song is running through my head. It’s not totally off topic if you look at the words in a political and economic light–with layers of meaning applicable.

    Larry Gatlin’s, “All the Gold in California”. Lyrics and performance are available on a Google or YouTube search.

      1. That reminds me. Did anyone here notice Wm Colby in his Church Committee testimony and remember how Colby the emeritus DCI was killed the coverup of the Franklin Scandal? Amazing Polly is right about the coinkidinks eh?

  5. People are buying up gold and silver like there is no tomorrow because the virus is crashing the economy and this most likely was a move to slow its price from jumping to over 2000 an ounce for gold and a hundred for silver. Once those in the inner circle get their fiat converted to bullion they’ll let the price soar and the common man will be hung out to dry.

  6. First thought.
    BREXIT done.
    You planned your BREXIT strategies, now work your plans.

    Next thought, on the moving figures on a spread sheet?
    [well, second thought as the first is censorable]
    Like the old saying/He who has the gold rules.

    As far as no other sector is as cloak as dagger as gold?
    Well, it certainly has an insti

    1. tutional history to back that up. But, that “we” know about it tends to make we think? What don’t “we” know about? But can “they” be that organized? Yes. Then the question comes down to the proverbial: Who are “they”?

      Ah.
      LOVE it!
      A heavy dose of James Clavell’s Nobel House Hong Kong intrigue[$]. Then update the mix w/Twenty-Worst Century cloak & dagger sci-fi biological/economic warfare.
      It’s pure-tears in onion layers of deep dodo.

      Where did it go?
      Well, yesterday it went underground. Metaphorically?

      Ironically, it may as well went…?

      Out there?

  7. Kinda like when parents tell the children not to concern themselves with how much and where the money comes from to run the household. It’s an adult thing you will find out about when you are older. They don’t have to tell us and we are powerless to do anything…..good mind control technique. But we can discuss the issue until we are blue in the face. Meanwhile……

  8. It is worth mentioning – and repeating – that Hesse-Kassel financed Rottenchild, and facilitated Adam Weishaupt.

    The fortune of Hesse-Kassel was derived from mercenary blood gold, slaughtering Americans during the revolutionary war.

    Descendants of Hesse-Kassel are the Glücksburgs, on the Danish and Norwegian thrones, whose coming downfall is crucial.

    That is why Ælfric’s “rynstaf” is important:
    https://dl.dropboxusercontent.com/s/1rdus4riohysvmb/aelfric-rynstaf.jpg

  9. Allocation as more rehypothecation? This is in a week when the yellow metal has reached absolute all-time highs in terms of the pound sterling and the euro. The question is not if, but when, prices in all currencies will exceed the 2011 peak levels.

  10. From cited article: “The gold stayed in the same vault, but technically it shifted from UK ownership to US.”

    This would imply (if I read it correctly) that a corresponding ‘marker’ should show-up in US paperwork. If it does not, it has been diverted or hidden somewhere. Is this a first (public) use of FASAB 56* ?

    From cited article: “In December, thanks to the £12bn gold exports, Britain recorded its first monthly trade surplus on record…”

    I am inclined to believe the timing is connected with Brexit finally occurring, and countering the FUD-push by Remainers. It could have originated solely from the UK side, as stage-management. Or, it could be part of a shadowy UK/US ‘deal’ to shore-up transatlantic trade.
    .
    .
    * FASAB 56 allows federal entities to manipulate data and even omit spending altogether when reporting on the grounds of national security.

Comments are closed.