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Old 04.01.2013, 15:13
spalebärg spalebärg is offline
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Re: Swiss bank Wegelin fights US summons

A general sort of prediction for 2013 concerning banks:

With so many banks in trouble this year could be the year when internationally - and in Switzerland - a number of big banks have Lehman-style crashes?
Rumours are still circulating that thousands of tons of customers' gold have been removed from allocated accounts in various countries and were last seen heading east.

According to Jim Willie:
Quote:
◄$$$ A CRITICAL SLAM ON PERTH MINT AS A BAD PLAYER. THE TARNISH ON THEIR IMAGE IS STICKING AFTER A STEADY STREAM OF NEGATIVE REPORTS. THE PERTH MINT IS ILLICITLY USING CLIENT GOLD BARS, REPLACING THEM WITH GOLD CERTIFICATES, JUST LIKE THE CRIMINAL BIG BANKS IN THE WESTERN FINANCIAL CENTERS. $$$
Dave in Denver wrote a negative account against Perth Mint, actually a story passed along from a person with direct contact. He made reference to the TFMetals website, where the Jackass has done interviews. Dave wrote, "I just received an email from someone who read my write-up. He told me about an incident involving the Perth Mint and its custodial services. He wants to remain anonymous because of Perth Mint's reputation for being about the nastiest and most litigious people on the planet (in his words).
An investment group who manages bullion positions for some very large holders was given the management responsibilities for a very large bullion account that was being held at the Perth Mint. When this group informed the Perth Mint about this and was told to hand custody of the account over, the Perth Mint sent the new management group allocated Perth Mint certificates in lieu of shipping them the bullion. The group ordered the Perth Mint to have the bullion on the ramp and ready for shipping within 72 hours. The Mint claimed that was not possible and could not honor that request. The new group threatened to go public with this incident if the bullion was not provided as soon as possible. Apparently the Perth Mint actually had to produce new bullion in order to fulfill the legal demand and avoid public exposure of this incident. He also told me that this same management group has had similar incidents with supposedly vaulted Gold at a number of Swiss Banks over the past few years. We are talking 400-oz bullion bars, not minted coins or 100-oz COMEX bars. This person's final comment was, 'I GET SICK OF READING HOW RIGHTEOUS AND SELF-AGGRANDIZING THESE SCUMBAGS ARE AT THE PERTH MINT. THESE CLOWNS HAVE MORE THAN THEIR FAIR SHARE OF SKELETONS HIDDEN IN THEIR OWN CLOSETS.' "
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