Do Western Central Banks Have Any Gold Left????

Re: Do Western Central Banks Have Any Gold Left????

The "chickens will eventually come home to roost" which simply means that what is presently hidden will eventually be forced out into the open. IF indeed there are probably up to 100 paper claims for every oz. of gold or silver in existence as several analysts claim, then we are rapidly heading towards a messy disclosure when banks and dealers are unable to deliver. Selling something, (accepting money for a good you do not have) is a crime and we can only hope that when the culprits are exposed they will be prosecuted to the full extent of the law.

Just as dollar bills, (or any other fiat currency for that matter) are essentially nothing more than promissary notes that may be defaulted on. We already know that some banks have charged storage for gold they never purchased, reasoning that there is no reason to tie up money in something that earns them no interest or dividends, that if demanded they can just go out into the market and buy it to satisfy the receipt they gave to the retail investor.

The problem is that if enough organizations do this, (by definition a Ponzi scheme) the physical metal may not be available to fulfill the total demand and people who were mislead into believing they had bought X amount of silver and gold bars/oz.may end up as general creditors of a bankrupt institution and i can see hundreds of lawsuits in our future.

If you want the protection of gold and silver then TAKE DELIVERY or make sure you get allocatted storage with a well funded and responsible organization, with serial numbers in your possession.