The Golden Truth: More On Scotiabank's Fraudulent Bullion Safekeeping Services

Sunday, July 18, 2010

More On Scotiabank's Fraudulent Bullion Safekeeping Services

If you read this story and decide to keep your bullion at Bank Nova Scotia - OR utilize investment products that are supposedly backed by gold/silver which are safekept at BNS - may your god have mercy on your net worth. For all others, please read this story, go back and review Harvy Organ's experience with Scotia and then go retrieve every ounce of bullion from Scotia that is rightfully your's. You should move it a private depository, like First State Depository in Delaware.

Here's the story link: Pulp Non-Fiction

Hat tip to the reader who posted the link in the comment section, which was originally posted HERE by GATA. If you have exposure to Scotia, I can only lead you to water...

8 comments:

EconomicDisconnectSunday, 18 July, 2010
Holy crapola!

I think Sprott's silver fund may well be the fuse to blow this paper facade sky high! Glad I have mine all in physical! I did fajitas on the Keg if you want to look!
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Dave in DenverSunday, 18 July, 2010
Wow that looked good.

If anyone needs to stimulate their appetite:

http://economicdisconnect.blogspot.com/2010/07/sunday-fajitas.html
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EconomicDisconnectSunday, 18 July, 2010
Dave,
just a feeling but I think the metals (Au/Ag) are about ready to explode higher. Finally some folks are asking what is real money. Bernanke must be up late these days.
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MikeSunday, 18 July, 2010
thanks for posting this Dave...

i too think something soon will trigger the metals higher but you wont see it on the paper charts no....this will be a separation.
i read from Ed Steer that silver maples are in shortage of 4 months or so.

kitco now doesn't have inventory for Canada really other then a few gold coins.

we are not in 2008 for physical shortages yet but the 2nd time around might be enough to separate whats real and whats not.
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Dave in DenverMonday, 19 July, 2010
Mike, the significance of that story is enormous. I was attacked via email by a prominent Canadian daily newsletter writer who questioned my abilities and insight regarding Scotia and actually defended Scotia. This adds proof to the case. It was funny because I went back at him by asking him if he had read thru all of the prospectuses (GLD, SLV, BMG etc) like I have done and of course he could not respond and I knew his answer was "no" anyway because he is a regurgitator, not someone who offers original work LOL.

But not only that, I receive correspondence on occassion from people who have had the same delays we have had w/out fund in getting silver delivery from the Comex. One person actually had to get a lawyer involved before he received his silver (HSBC was his Comex counterparty)

This whole fractional scheme is getting close to be blown wide open and it won't be much longer before a game-changer hits the tape. You'll know what it is when it hits - make sure you are long silver.
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JoeMonday, 19 July, 2010
The imagery of the Wizard of Oz comes to mind where he frantically operates the controls and floor levers to maintain the illusion. Toto is coming into sight.

Joe M.
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Return to ResistanceMonday, 19 July, 2010
Gold backed currency being issued within a state of Malaysia...saw this via Zero Hedge.

http://www.guardian.co.uk/commentisfree/belief/2010/jul/17/malaysia-gold-dinar-thwart-capitalism

Here in America we'll be the last to know that the world has moved away from the dollar...
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MikeMonday, 19 July, 2010
dave,
there is this preciption that the current montetary system is real because its worked for so long. those who are stuck to it wont be ready for the new Gold reserve system the BIS has introducted.
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Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.