:: Black Market Gold News ::

:: Tuesday, July 30, 2002 ::

Reg Howe vs. Bank for International Settlements (BIS).

"I didn’t have to wait long to answer my question about how this case could possibly be dismissed. It was not because the Defendants didn’t manipulate the price of gold. Rather, the case was dismissed for a reason that I consider to be a technical matter. The Judge said that Reg Howe did not have 'standing' (so-called).

"To explain this point, the Judge states: '...there are many participants in the gold and gold derivatives markets who could allege a more direct injury than does the plaintiff. For example, there are many gold mining companies and private investors in gold (not to mention those central banks with gold reserves) that the plaintiff does not allege to be involved in the conspiracy. All of these persons or entities would be more directly injured than the plaintiff by a scheme of the kind he alleges.'

"In Judge-speak, there are 'more appropriate plaintiffs' than Reg Howe. And as if his point is not sufficiently obvious, he says further: 'it seems clear that there is sufficient incentive for any of the many gold mining companies or private investors in gold or gold derivatives to bring suit.'

"The upshot is that the Judge is allowing this case to go forward, but only with a different plaintiff, and provided further that Greenspan, Summers and McDonough are not named as Defendants.

"That opening left by the Judge - which is big enough to drive a Mack truck through - must be making the attorneys for JP Morgan Chase, Deutschebank, Citibank, Goldman Sachs and the BIS very nervous indeed. None of these [bullion] banks qualify for the privilege of sovereign immunity.

There are only two ingredients needed to move this case forward...*"

*Ed. Note - The article then goes on to explain what the suit is worth in Federal Reserve Note units. But, how much would the suit be worth in kilograms of gold?


:: Black Leprecon :: goldlink ::
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North Yemen: Pre-1962 Banking.

Due to the Islamic traditions of Yemeni people, banking as it is known to Westeners had not been a viable option, since earning and paying interest go against the teachings of the Koran. Until the 1962 revolution, and probably for some time afterwards, people had deposited their money (gold and silver coin and bullion) with certain families who undertook to protect it, for a fee. It was one of the disappointments of the revolution that the sanctity of the houses belonging to these families was not always honoured and during the turmoil of the revolt in 1962 some houses were looted.

A final step in the development of fiat currency was the introduction of Law No.6 on 3 February 1964 whereby the Yemen Currency Board was established and provision was made for the issuing of bank notes. The law was obviously a rubber stamp on the proceedings which were largely controlled by the Egyptians, as the first bank notes were issued on 8 February 1964, just five days after the law authorizing their introduction was passed. The bank notes were declared to be "legal tender for all debts, public and private for any amount".


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Money Creative Force.

"With the growth of exchanges to a silver standard as would derive from the circulation of false receipts issued against silver on deposit, these men, controllers of bullion movements internationally, and of almost equal consequence, the slave trade, now that their knowledge of the frauds relating to the use of precious metal money and their knowledge of that which is now known as "capital" was becoming perfected, were bringing into being extensive private industries, the most important of which relating to war. Those receipts representing the weight of silver which circulated by custom or by law, as money, while accepted as money, were money. Their cost to the money manipulators, bullion brokers, being but that of the clay in the tablet and the scribes entry thereon."


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All That Glitters Is Not Gold At The Bullion Banks.

"Like Enron, much of what the bullion banks are doing is off the balance sheet, and it's a time bomb ticking as we speak."

Bill Murphy, chairman of the Gold Anti-Trust Action Committee, a nonprofit organization that researches and studies what he calls the "gold cartel" (J.P. Morgan Chase, Deutsche Bank, Citigroup, Goldman Sachs, Bank for International Settlements (BIS), the U.S. Treasury and the Federal Reserve), and owner of LeMetropoleCafe.com, tells INSIGHT that "Morgan Chase and other bullion banks are another Enron waiting to happen." Murphy says, "Enron occurred because the nature of their business was obscured, there was no oversight and someone was cooking the books. Enron was deceiving everyone about their business operations - and the same thing is happening with the gold and bullion banks."

One financial analyst, who asked not to be identified, explained the situation this way: "Gold is borrowed by Morgan Chase from the Bank of England at 1 percent interest and then Morgan Chase sells the gold on the open market, then reinvests the proceeds into interestbearing vehicles at maybe 6 percent. At some point, though, Morgan Chase must return the borrowed gold to the Bank of England, and if the price of gold were significantly to increase during any point in this process, it would make it prohibitive and potentially ruinous to repay the gold."


:: Black Leprecon :: goldlink ::
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Pre-World War I Gold Standard.

What made the upward leap in global trade, the creation of an integrated world economy, possible in the years before World War I? Falling costs of ocean transportation was one major factor. The development and extension of the political and economic order called the gold standard was another.


:: Black Leprecon :: goldlink ::
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Afghani Agents' Access To Gold Bars And FRNs.

As of January 15, 2002...

US agents are preparing to grant the newly-appointed Afghani agents access to 21.4 metric tons of gold bullion in bar form (approximately equivalent to 1,718 London Good Delivery [gold bullion] Bars) sitting in the vault in the basement of the Federal Reserve Bank of New York.

Individuals acting as Afghani agents prior to 1996 held title to these gold bars and contracted with FRBNY to warehouse these gold bars in its vault. In 1996, when individuals called Taliban became the Afghani agents and the exclusive dictators for the Afghani taxpayers, the agents for the US taxpayers then directed the officers of FRBNY to deny all attempts by the Afghani (Taliban) agents to access these gold bars.

US agents are also preparing to grant the newly-appointed Afghani agents access to 25,000,000 Federal Reserve Note units (FRNs) which are currently stored in the computers of various Federal Reserve Banks.

US agents will allow the newly-appointed Afghani agents their first access to these gold bullion bars and FRNs on the eve of an agent conference in Tokyo on Jan. 21-22. The main agenda item of this agent conference will be to work out various tentative agreements between various agents and the Afghani agents as to how much of various world taxpayers' fiat monetary units should be transferred over to the Afghani agents.

The newly-appointed Afghani agents would then exchange a portion these assets for Afghani fiat monetary units. These Afghani fiat monetary units would then be used "to pay" 235,000 Afghani agents already owed "back pay".


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The Gold Investor.

The Gold Investor is a leading source of gold and resource-related investment ideas geared toward the individual investor. The weekly newsletter focuses on exciting speculative gold opportunities in the U.S. and Canada.


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FRBNY Summer Head Wear Sale!

For a limited time*, take 3 FRNs off your next purchase of any FRBNY hat at The Vault!

*(and while supplies last).


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Buyers of Yamashita's Gold.

Figure Eight Company stands ready to pay fair Full Market Value for any WWII Yamashita Gold Treasures which have been found anywhere in the Philippines.

Full Market Value is defined as .8 x ( LMER - flux ). In other words, we pay 80% (.8 x) of the current London Metal Exchange Rate (LMER) less the previous 3-day fluctuation (flux). The flux is clearly shown by the Kitco live chart. This pays the Seller up to 80% of LMER.

The 80% calculation is for FOB (frieght on board) Manila, meaning the Seller presents the raw material at our lab in Manila. A fee of 10% of LMER is incurred for FOB Outside Manila (usually at the Seller's recovery site) for transportation (land, sea, and/or air) and full security services.

By international agreement, one troy ounce is always exactly 31.1034768 grams. So, for an FOB Manila example, a current LMER of $313(US) per troy ounce with a flux of $3(US) would yield a payment of .8 x (313 - 3) equating to $7,973.39(US) per kilogram of pure 24K gold. At 51 Philippine Pesos per US Dollar, this equates to 406,643
Philippine Pesos per assayed kilogram. To simplify calculations, use the Au Purchasor freeware.

Note: World War II gold is not considered "assayed" in the 21st century. About 15% of LMER goes into refining the old WWII gold to modern purity standards, enabling the new bars to be easily and readily sold on the open market. This leaves only about 5% as actual profit to Figure Eight Company. As far as we know, this is the best price currently being paid for WWII gold in the Philippines.

In order for Figure Eight Company to offer you and your group the safest, quickest, most efficient and most profitable way to turn your treasure into cash and for the benefit of all parties involved, a strict protocol must be observed for orderly and legal transactions as outlined in the following terms and conditions (scroll down).


:: Black Leprecon :: goldlink ::
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On The Orgins Of Money.

by Carl Menger (1892)

"There is a phenomenon which has from of old and in a peculiar degree attracted the attention of social philosophers and practical economists, the fact of certain commodities (these being in advanced civilizations coined pieces of gold and silver, together subsequently with documents representing those coins) becoming universally acceptable media of exchange."


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Kelly's Hereos.



"I'm drinking some wine, eating some cheese, and catching some rays."

Exciting, humourous and well paced WWII action film sees Clint Eastwood and Co. looking to liberate 1,142 gold bullion bars (457,142 troy ounces or 14.2 metric tons) from the retreating Nazi forces in France!

...the gateway to the sound track is here.


:: Black Leprecon :: goldlink ::
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The Tripartite Commission for the Restitution of Monetary Gold (TGC).

September 27, 1946, Allied Agent's Announcement - Agents for the Allied taxpayers named some of their agents the "Tripartite Commission on the Restitution of Monetary Gold" (TGC).

The TGC agents (a group of agents for the UK, French, and US taxpayers) were responsible for inviting, reviewing, and adjudicating claims from agents (not taxpayers) for the restitution of monetary gold looted by NAZI/German agents during WW2 and to participate in the distribution of monetary gold found on the landmass of Germany and to participate in the distribution of monetary gold determined to be held by "neutral" agents on the behalf of NAZI/German agents.

The TGC agents were responsible for "announcing" gold available for restitution to claimant agents entitled to participate (e.g. those agents deemed as being conquered by the German/NAZI agents at the time of the war), and "in such other ways as shall be decided by the British, French and US agents..., to assist in the distribution of the pool of monetary gold available for restitution."

The TGC agents secured and managed a Gold Pool of monetary gold which consisted of (1) all monetary gold found by the Allied agents on the landmass of Germany, (2) payments of monetary gold by certain "neutral" agents to the TGC agents (if evidenced showed that the neutral agents in question were holding gold which NAZI/German agents had transferred to them), and (3) lesser amounts collected from the Bank for International Settlements (BIS) agents, and various other German agents.

The TGC agents started out with more than 231 metric tons of monetary gold (coin and gold bullion bars), [the equivalent of approximately 18,500 London Good Delivery (gold) Bars or 7.43 million troy ounces], which they seized from the NAZI/German agents (e.g. gold found in the various vaults of Reichsbank branches and in underground mines throughout the landmass known as Germany).

They secured and managed this gold in a facility built on the landmass known as Frankfurt which they called the Foreign Exchange Depository (FED).

The first "neutral" agents to contribute monetary gold to the TGC agents' Gold Pool were the agents for the Swiss taxpayers. On June 6, 1947, Swiss agents transferred 1,659,121 troy ounces (51.5 metric tons) of monetary gold from its account at the FRBNY to the account of the TGC at the FRBNY. The Swiss agents' payment [transfer] consisted entirely of gold bars [if they were London Good Delivery Bars, then a total of approximately 4,120 London Good Delivery Bars were transferred] that had been refined at the U.S. Treasury and held in the Swiss National Bank['s] account [at the FRBNY?] during the war.*

* - If so, then the gold bars were mostly likely moved from the Swiss agents' cage to the TCG agents' cage in the vault of the FRBNY via men wearing [black?] aprons using a [manual?] pallet mover. How much gold dust is generated in such a move if many of the bars were handled, one-by-one, by the men and what was the disposition of the gold dust once the move was completed?

The TGC agents' gold pool now consisted of 282.5 metric tons of monetary gold.

In May 1948, the Bank for International Settlements agents shipped 3.7 metric tons of gold to the Bank of England where it was credited to the TGC agents' account at the Bank of England. In subsequent years the "neutral" agents for the taxpayers of Sweden, Spain, and Portugal transferred approximately 19.5 metric tons of monetrary gold to the TGC agents*.

The TGC agents' gold pool now consisted of 305.7 metric tons of monetary gold.

*Note: Most of the gold transferred to the TGC agents by various "neutral" agents was stored not at the FED facility, but at the Bank of England, the Bank of France, and the Federal Reserve Bank of New York (FRBNY).

Note, however, that reports show that the total amount of monetary gold in the TGC agents' Gold Pool reached approximately 337 metric tons.

Between October 1947 and October 1996, the TCG agents distributed a total of 329 metric tons to the claimant agents: The agents for the Albanian, Austrian, Belgian, Czechoslovakian, Greek, Italian, Luxembourg, Dutch, Polish, and Yugoslavian taxpayers.

In September 1998, the remaining monetary gold controlled by the TGC agents - approximately 6 metric tons [not 8?] of gold [the equivalent of approximately 480 London Good Delivery Bars or 193,000 troy ounces] - (and of this amount, about 4 metric tons was/[still is?] stored at the Bank of England, and approximately 2 metric tons was/[still is?] stored at the FRBNY) - was, with the approval of most claimant agents, transferred [via cage to cage move or just title transfer?] over to a special fund for the victims of Nazi agent persecution managed by other agents. That same month, the TGC agents declared their mission complete and opened their records to the taxpayers, although it must be said that, at that time (September 1998), 266 kg [the equivalent of approximately 21 London Good Delivery Bars or 8,500 troy ounces] of this monetary gold was still under dispute by the agents for the taxpayers of the former Yugoslavia.


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Black Market Jade.

"Adopting the natives beliefs in the powers of jade the Spaniards began wearing jade on different parts of their bodies like over their backs and kidneys in the belief that it would cure back pain and protect against or help cure kidney diseases. Jade was so valuable to the descendants of the Olmec and Maya that they kept to themselves where the jade mines in Guatemala were. The Spaniards being more interested in gold or silver did not pursue the mater and the location of the mines was forgotten. It was not until the late 1960's that the jade mines of Guatemala were rediscovered."


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