Thank you for your response, @thelightreports
Transparent gold
I wonder if GoldMoney's vaults of precious metals are open for inspection for their customers?
Goldmoney gold is held under bailment in Brinks and/or Loomis vaults in Zurich, London, New York, Toronto, Singapore, Hong Kong & Dubai. Your gold is stored in your name; Goldmoney does not have title to the gold; you have title to your gold.
Goldmoney has a realtime audit.
how the Rothchilds got their start in fractional banking via gold certificates.
My point is that you don't own gold unless you physically posses it- this is all gold cert backed and as far as I'm concerned the gold cert/etf markets are fraudulent and have nowhere near the actual physical gold needed to back certificates issued.
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You're quite correct, @thelightreports, its best to own the physical metal.
However, if your gold has to be liquid, to be used to pay for gasoline or for school fees, Goldmoney serves the purpose.
All Goldmoney gold is held under bailment, @thelightreports
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Yes I understand all gold money gold is held under bailment- but I'd be willing to bet that just like many other bailment arrangements, such as the Fed holding Germany's gold in NYC, that all the gold that should be there isn't.
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Goldmoney is a business, with no incentive to fudge the gold. @thelightreports.
Understand where you are coming from, though. With gold, the elephant in the room is an FDR type confiscation.
Appreciate your contribution & insight into this conversation. @thelightreports
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The gold wasn't there? That's odd because Germany has received all the gold it has asked for ahead of schedule.
https://www.bloomberg.com/news/articles/2017-02-09/germany-gets-its-gold-back-faster-and-aims-to-finish-job-in-2017
Don't fall for all the conspiracy theories out there.
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They got their gold ahead of an absurd 7 year schedule- what took the French only a few months to deliver equivalent loads of German gold- please save the conspiracy theory crap- the Fed resisted German auditors because the gold wasn't there. They printed Franklins 24/7 to buy the gold needed to fulfill the German obligation- and they called it 'quantitative easing'- $85B/ quarter printed.
I have a BS in Finance which helps me easily see the BS in western finance- PONZI SCHEME that apparently YOU have fallen for.
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I understand the nature of fiat currency. I also have an understanding of the gold market. And I also know that the German government announced in 2013 that they wanted to repatriate one half of their gold to German soil. The US completed their delivery last year, while France has another 91 tons to deliver later this year, so yea, your knowledge is impressive.
I would like to see where the Fed could buy 300 tons of gold on the sly as you seem to be suggesting.
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Need I go and dig to find the articles reporting the Fed's resistance to German auditors when Germany announced their intent to repatriate their gold? I watched this all going down- did you? While it was happening? I did
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I remember thinking that was a bit odd, sure. But Germany's official stance was there was absolutely no reason to doubt that the gold was there. And guess what? It was there.
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