:: Black Market Gold News ::

:: Thursday, January 30, 2003 ::

International Institute for Environment and Development.

IIED issues white papers such as "Indigenous Peoples and Mining Encounters: Strategies and Tactics"

"What is the probability that indigenous peoples will persist – as cultures – as a consequence of mining encounters? What steps or procedures must be put in place so that both indigenous peoples and other stakeholders become net beneficiaries?"


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Summer o' 2001: Gold Moves by Russian Agents.

Excellent reporting and analysis by the LaRouche-ites on the moves by the Russian Agents in the months leading up to "Day of Infamy II".

Note: If you do not speak Swedish, then scroll down a little bit pass the introduction and read away in english.

The 'gold actions' during the period July through August 2001 by the Russian agents have a twofold effect. On the strategic policy level, the Russian agents are heavyweights among other agents on the planet and are inclined to seek new, more stable economic arrangements, likely including the remonetization of gold, in place of the agents' "now-imploding 'post-|-1971' fiat currency monetary system". Moreover, at a time when masses of implicitly worthless financial paper are piled high into every nook and cranny of the planet, major financial players' sensitivity [yes, the IMF agents 'expressed concern' in Aug 2001] to sudden moves by the Russian agents in the domain of gold and raw materials is high, as was plain when the Russian agents abuptly suspended the export and import of precious metals on Aug. 25, 2001. "De-Dollarization."

See also this post and this one.

Ed. Note: - All the words uttered in the 'January 2003 - US state of the union' address (so-called) and hitting the eardrums of the US taxpayers, were uttered strictly within the contextual universe of the agents' "now-imploding post-1971 fiat currency monetary system".


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Usury (Riba).

Hence, if [today's] Islamic bankers aren't actually practising usury their talk can sound suspiciously like it: "the cost of finance that we can offer on a ten year Islamic mortgage is 10.5% per year" (Malaysia 1997). These are the words of the money lender, the language of usury. It is a language that modern banks, leasing companies and finance companies know well.

The debate over deferred payment at a mark-up arises because the bulk of the money that society is forced to use is manufactured by banks at interest. It will be difficult to resolve this debate unless it is first realised that the problem arises in the monetary system itself. How can Islamic finance be practised with money that bears interest as a condition for its existence? (see the 'Fractional Reserve Banking' section on this website)...

~snip~

Of the interest charged on bank money, some is paid to depositors and the rest belongs to the bankers. The amount of the bankers' profit is therefore largely determined by a) the difference between the interest rate paid to depositors and that charged to borrowers, the 'interest spread', and b) the amount of money manufactured. The actual level of interest rates is often immaterial in influencing either of these variables.

"Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt - like for like, equal for equal, payment being made on the spot. If the species differ, sell as you wish provided that payment is made on the spot." [Hadith : Muslim]


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In Gold Coin.

WITNESSETH: That, for and in consideration of the sum of forty thousand ($40,000) dollars in gold coin of the United States of America in hand paid by the party of the second part to the said parties of the first part, at the execution thereof, and the receipt of which said payment is hereby acknowledged, the said parties of the first part do hereby grant to the party of the second part and to his assigns the exclusive option to purchase on or before the expiration of ninety (90) days for the date hereof all the land belonging to said parties of the first part, or any, or either of them, and constituting a part of what is known as the...


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Equatorial Guinea Gold: Yellow And Black.

Equatorial Guinea is a small central African state comprising several islands in the Gulf of Guinea and a mainland enclave, Rio Muni, located between Cameroon and Gabon. The capital city of Malabo is located on the island of Bioko in the Gulf of Guinea. The country is a former Spanish colony, and hence Spanish- speaking, with a low population and a burgeoning hydrocarbon-based economy – recent oil discoveries have generated the highest economic growth rate per capita in Africa during the past four years.

Rio Muni (the mainland) is located on the Congo craton, an ancient crustal block composed largely of Archaean metamorphic terranes that have been re-worked in Palaeoproterozoic and Pan-African times. This multi-stage history has contributed to the country's high potential for gold and other metals, although previous exploration has been limited and thus no substantial mineral deposits have yet been defined. Previous exploration licences covering much of Rio Muni have now expired, and a sizeable GIS database of previous exploration results has been compiled. These factors, together with the considerable mineral potential of the Congo craton and the recent provision of a revised, investor-friendly, legal framework for exploration and mining, make Rio Muni one of the most exciting greenfields exploration environments in Africa today.


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The Hŕromszéki.

Minister of Finance

Josef Tomicek

It takes gold to run a government, even a minimalist one like Hŕromszék's. MoF takes care of both collecting and spending the Confederation government's money. Even more important than that function is that MoF plans for Hŕromszéki money matters. Hz operates on a metal-backed monetary standard, but even though our government doesn't "make" the money, like in fiat currency nations, it still is convenient for people to use a national currency. MoF does not decide how much of Hŕromszék's skana is in circulation -- that is determined by the economy. Finance prepares budgets for operation of the whole government, for the PM to submit to the National Assembly for approval. The Assembly is pretty tight with a boderu, but the PM's budget is also usually responsibly tight, so conflict is kept minimized. There's just too many governments in Hz competing for Hŕromszéki citizens' money for any one of them to get away with excesses.

Finance works closely with other ministries - for example they have taken a lead role in negotiating Hŕromszék's entry into CRECO, in concert with the Ministry of Foreign Affairs.

Chief of Treasury Department

Tatana Kocianova

In Hz, the Treasury is not in charge of theoretical money and wealth-on-paper. The Hŕromszéki Skana is backed by metal - gold and silver in reserve in deep vaults of the Treasury. The Treasury Department converts paper bills, coinage, or electronic promissary notes into bullion when requested. Paper notes and e-transfers are still a lot more convenient than metal, but upon occasion Hz conducts government to government transactions using Real Wealth instead of unbacked currency. Pistrix is one nation we trade with who understand the value of assets that aren't imaginary - their currency is also backed by real metal. Theirs happens to be mercury, but it still constitutes, shall we say, liquid assets. Andrea and Albanaudh also back their currency with gold, and Zîrkć with silver, so Hz is by no means alone in insisting on legal tender with intrinsic value.


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Gold Deposits In The Ground.

List of gold deposits in the ground via AME.

"AME Mineral Economics provides detailed commercial intelligence on the metals, mining and energy sectors. Our research is independent and we have earned a solid reputation as specialists in the market and financial aspects of the aluminium, alumina, coal, copper, gold, nickel iron ore, DRI/HBI, steel, lead, zinc and titanium minerals industries. We are one of the largest and most established research houses undertaking detailed mine and smelter cost analysis."


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Notes on Sierra Leone.

via Pip Bevan.

There are also important extra- or non-African economic actors including international migrants/diasporas, the World Bank and IMF, bilateral donors, NGOs, academics, oil companies, diamond dealers, arms dealers, drug dealers, mercenaries, transnational companies in oil,diamonds, gold, copper, pharmaceuticals, fertilisers, tea, coffee, chocolate, tobacco companies, etc, and consumers and private investors (including pension funds) in developed countries.

Some recognition of failure of industrialisation policies; fiscal crisis apparent; gold and diamond smuggling in Sierra Leone (precursor of future).

Much of this business involved resource extraction from the rainforest (in the east of the country), which provided, among other things (including gold and diamonds), ivory and mahogany for the pianos that graced Victorian parlours. Colonial rule was imposed on interior Sierra Leone in the 1890s; in the 1930s economic emphasis shifted from tree crops to minerals. ‘By the 1960s the country’s exports were dominated by diamonds, iron ore, bauxite, and later, rutile’ (Richards,1996:40). Well before independence local colonial officials encountered difficulties in imposing London’s directives (Reno, 1995:27)

Mineral economy; 70% of workers involved in agriculture; 14% industry; 16% services; richest area in the east: rainforest, good agriculture, gold and diamond deposits; importance of Syrian-Lebanese merchants; decline began in 1970s; from the mid-80s crisis - rising unemployment, high inflation, shortages of essentials

Private American and European businesses bought coffee, cocoa, timber, gold and principally diamonds from RUF leader Sankoh; foreign firms provided weapons, communication systems and military training; Sankoh reached many foreign firms via Taylor in Liberia.

The description of this regime reveals the importance of outside networks in its constitution. Key players include other ‘governments’ (Libya, Liberia, Togo, Nigeria, Burkina Faso, UK, France), private firms (diamonds, timber, coffee, cocoa, gold, mercenaries, arms dealers) and international organisations (IMF, World Bank, UN). All of these players have something to gain from their participation in the regime; the chief losers are the bulk of the people of Sierra Leone, most of whom have suffered directly, or indirectly, as a result of the complex interaction of processes of exploitation, exclusion, domination and destruction.

Ed. Note - What is the dominant black market 'industry' here? Gold or Diamonds?


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OK Class, Pop Chemistry Quiz Today.

From the handbook on secret operations?

You are smuggling gold that you acquired (we won’t say how) in an far away country into the U.S. Before leaving this country, you had the gold melted and molded into the form of a U.S. penny (even with the correct mass by having some air trapped in the centre of the coin, Lincoln’s head and all of the appropriate markings..). The only problem you face is convincing customs that the coins are pennies (they are the wrong colour).

Devise a method (based on voltaic cells), using any or all of the above materials, to convince U.S. customs that your gold coins are U.S. pennies. Sketch any apparatus that you use.


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Innkeepers.

1. Safe or vault for valuables - Notices - Liability - Special agreements.

S 1. Whenever the proprietor or manager of any hotel, motel, inn or steamboat shall provide a safe or safe deposit boxes in the office of such hotel, motel or steamboat, or other convenient place for the safe keeping of any money, jewels, ornaments, bank notes, bonds, negotiable security, or other valuable papers, precious stones, railroad tickets, aeroplane tickets, articles of gold and silver, or any other valuable property and personal effects of small compass, belonging to or bought in by the guests of such hotel, motel, inn or steamboat, and shall notify the guests thereof by posting a notice stating the fact that such safe or safe deposit boxes are provided, in which such property may be deposited, in a public and conspicuous place and manner in the office and public rooms, and in the public parlors of such hotel, motel, or inn, or saloon of such steamboat; and if such guest or traveler shall neglect to deliver such property, to the person in charge of such office for deposit in such safe or safe deposit boxes, the proprietor or manager of such hotel, motel, or steamboat shall not be liable for any loss of such property, sustained by such guest or traveler by theft or otherwise; but no hotel, motel or steamboat proprietor, manager or lessee shall be obliged to receive property on deposit for safe keeping, exceeding one thousand five hundred Federal Reserve Notes "in value"; and if such guest shall deliver such property, to the person in charge of such office for deposit in such safe or safe deposit boxes, said proprietor, manager or lessee shall not be liable for any loss thereof, sustained by such guest or traveler by theft or otherwise, in any sum exceeding the sum of one thousand five hundred Federal Reserve Notes unless by special agreement in writing with such proprietor, manager or lessee.


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Gold Digging in Borrowdale Turns Fatal.

The gold rush has seen people from far away places descend on the mineral rich area for days with some leaving after stumbling on huge nuggets.

Free enterprise (or black market) gold mining has become a source of income for the hundreds of panners that daily visit the commercial farming area on the periphery of the the landmass called Harare.

Agents of the Harare taxpayers warned gold diggers against working on abandoned or unprotected sites as they risked death.


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Gold Warehouse Stocks.

Brink's, Inc., HSBC Bank USA, and Scotia Mocatta (26 Broadway) - in Troy Ounces.

via CyclePro


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Cakestar.

money desire

Poetry for Cynics.


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Gold Diggers Eke Out A Living From Baghdad Waste.

Sifting through the stinking sludge of time, a dozen men prospect for gold on the banks of the river Tigris in the heart of Baghdad.


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Gold Grab On Landmass Boardering 'The Windward Passage'.

Dateline: July - September, 1915

Haiti's proximity to the strategically important Windward Passage, which separates it from Cuba, became more important after the opening of the Panama Canal turned the channel into a major shipping lane.

The Haitian taxpayers' killing of Haitian President Guillaume did not constitute the cause of US agent intervention on the landmass called Haiti, but merely furnished the awaited opportunity...

...The Haitian Congress refused to accede to newly-installed puppet (puppet of the US) President Dartiguenave's request for ratification of the US-authored "US-Haitian treaty for the US control of the Haitian custom houses and other rights". Immediately under orders from US President Wilson the US Marines siezed the custom houses and the National Bank of Haiti and the gold bullion thereof. US Secretary Daniels instructed US Admiral Caperton to have the US Charge d'Affaires confer with Haitian president Dartiguenave in order to have him "solicit" US Marine occupation of the custom houses -- the cable dispatch read: "but whether [puppet] President [Dartiguenave] so requests or not[,] proceed to carry out US State Department's desire." Even Dartiguenave, the puppet, balked at such hypocrisy. The orders further directed Caperton to take over all the receipts (regardless of the fact that much of them was pledged, and had been for years, for the interest on Haitian agents' foreign-agent debt) and to deposit them in the local branches of the National City Bank of New York's Haiti connection, and to draw against this account for expenses of the Occupation, the administration of the custom houses, and such Hatian taxpayer works as local US military agents saw fit. (These works, the Admiral testifies, were instituted primarily for military advantage.) The balance was to be held in trust for Haitian agents by the US agents. It was this arbitrary act of the US agents which caused the Haitian agents to pass the interest payments on their foreign-agent debt for the first time in her history.

The US agents then forced upon the Haitian agents, by similar methods, the adoption of a new constitution.

When US Admiral Caperton was asked how he justified the difference between his proclamation to the Haiti agents on August 9, 1915, declaring "that the United States agents had no designs on the political independence or the territorial integrity of the Haitian agents," and his proclamation declaring US martial law on September 3rd and the series of acts which destroyed the political independence of Haitian agents and their taxpayers, he replied as any agent would that he did it under orders.


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