:: Black Market Gold News ::

:: Thrusday, April 22, 2004 ::

14,000 MT of Gold.

Note: In the thread that follows, the identifying information of the parties involved in this conversation has been withheld in order to respect the parties' privacy and because the identities of the parties involved in this conversation are immaterial to the conversation at hand and to journalism - even in the current so-called Golden Age of Surveillance and even in the current so-called rules of good journalism. The team at Black Market Gold News welcomes your email correspondence. Send email to auto17703_at_hushmail_dot_com (it helps to include "BMG" in the subject line).

Hi Mr. Black Leprecon,

Hey--thanks--actually, the shallow end of the intiernational markets are rife with thieves and frauds. Too much money at stake and very little international goodwill anymore. I have one source that basically said--get me a bank account to prove that they have money and I'll get them whatever they want. Funny stuff.

I'll fill you in--there is so much money floating around...this 14kMT deal includes 3% commission...do the math...!

Mr. Y

~~~

Hi Mr. Y,

Try putting "MT of gold" (with and without quotes) into google.

...Here are some ideas, as a starting point:

http://www.worldbid.com/index.htm?session=

http://www.worldbid.com/tradeleads/index.htm?session=&type=Buy&cat=Metals

http://www.worldbid.com/tradeleads/view.htm?session=&subcat=844&type=Buy

"Buy Gold Bullion (OB615995) (2004-01-01) We are the buyer's facilitator of gold bullion in singapore. Fund is available for immediate purchase of 200MT to 1000MT. We follow strictly to the Swiss procedure in our transaction. We prefer 12.5kg size. Sellers and mandates, please send us your Full Corporate Offer (FCO), which must include SKR, certificate of origin/ownership. At the same time, owner must sign an affidavit stating that the Gold is of non criminal in nature. No long broker chain. Thank you., J W Chay"

Try putting "FCO +gold" (without quotes) into google.

Try putting "FCO +au" (without quotes) into google.

Check out this contract and the associated delivery procedures (english as a second language) that a buyer and seller would use to protect themselves when moving MTs worth of bullion bars.

I would be interested to know if one could just drive up to a refineary - in an eighteen wheeler - with a suit case full of fiat currency units and exchange them for a few bars let alone metric tons worth of bars.

Keep me posted!

Mr. Black Leprecon

~~~

Mr. Y wrote:
>Hey Mr. Black Leprecon,
>
>Thanks a lot for the feedback! I actually have a few lines out
>there, so who knows what shall come...
>
>...but for me...having someone ask me to get them 14,000MT of gold
>bars was pretty funny...
>
>Regards,
>
>Mr. Y

~~~

> Hi Mr. Y,
>
> Thanks for reading Black Market Gold News.
>
> I do not know the side of the business you speak of. You might want
> to contact my freiends at GoldAge.net.
> They might be able to point you in the right direction.
>
> Also, re: GoldAge.net, if you or your friends use digital gold
> currencies and wish to fund your account then mention
> that you were referred by
> BlackMarketGold and you should get a discounted rate called the
>"Inner Circle" rate.
>
> All the best in your business!
>
> Best Regards,
> Mr. Mr. Black Leprecon

~~~

Mr. Y wrote:
> >Hello,
> >
> > I want to say--your website is simply brimming with information-
> >-kudos and thanks!
> >
> >But I was wondering if maybe you could throw me a bone--I normally
> >, but a repeat customer has asked me if
> >I could identify a source of bar form gold. I really can't fathom
> >whether sales are regulated, or if there are mines or refineries
> >that permit cash-and-carry sales of Gold.
> >
> >If you have a spare minute and are willing to offer me just a
> >brief insight, I would be much obliged!
> >
> >Thanks in advance!
> >
> > Regards,
> > Mr. Y
> >


:: Black Leprecon :: goldlink ::
...

Rothschild No Longer To Participate In 2x Daily Fiat Currency Unit -to- Gold Ratio Setting.

via 321gold via FT.

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1079420344695

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1079420346764&p=1045511528853



N M Rothschild, the investment bank, is to withdraw from the gold market, turning the page on two centuries of history.

The same company that smuggled gold coins across the English Channel to finance the Duke of Wellington's military advance through France 200 years ago will also withdraw from the twice-daily London fiat currency unit -to- gold ratio setting, which it has chaired since the first the first setting took place in 1919.

The London "gold fixings" has taken place twice a day on the third floor of Rothschild's office in St Swithin's Lane for the past 85 years.

Five men sit behind desks, each equipped with a little piece of cloth on stick which they refer to as "Union Jack". The men, deputed by investment banks with bullion trading activities, search for an agreed fiat currency unit -to- gold ratio setting after discussions with their dealing rooms and clients, in order to set a benchmark ratio setting for trading fiat currency units for gold each day.

The "Union Jacks" are waved to signal to the others that there is a change in view on the ration setting from his dealing room. As long as any "Union Jack" is raised, the ration setting cannot be "fixed".

The gold fix meetings take place at 10.30am and 3pm (GMT) each working day - as they have done in the same offices, at the same time, and with almost the same parties - since the first meeting took place on September 12, 1919.

The bizarre process was established after the First World War* following the collapse of the gold standard, a regime where the majority of currency units - then in circulation at the time (in paper form) - symbolized a claim for a specified weight of gold on desposit in some vault.

Ed. Note - Makes one wonder what "monetary reforms" await implementation after the Forth World War (i.e. after The Era Of Terror).

This follows a review by Baron David de Rothschild, the bank's new chairman, concluding that it should withdraw completely from commodity trading.

Rothschild is the last name from the five banks at the first fix to have remained, but three of the current members - Bank of Novia Scotia, Deutsche Bank and HSBC - trace their roots to the original members. Rothschild's departure leaves a vacant seat, and the search for a new venue.

This means Rothschild will also pull out of oil trading - less than a year after announcing an expansion into that area.

Baron David said the income generated by commodity trading was increasingly insignificant to the bank. "Five or 10 years down the road, can we be a meaningful house in commodities? The answer must be 'No'," he said.

Gold producers were buying far fewer hedges, which Rothschild specialised in and the firm had neither the infrastructure nor the risk appetite to be a big trader, he added.

"It is clear that the revenues we have generated from commodities - in comparison with those from investment banking, [corporate] banking and those we think we can generate from private banking - have definitely declined," he said.

Up to 40 jobs could be lost by the move and about £50m of capital will be released. This will be reinvested in developing the bank's nascent private banking business and in expanding its corporate banking operation.

It has recently made some small acquisitions in asset finance and is keen to be a more aggressive lender in property, natural resources, acquisition finance and structured finance, Baron David said.

He is also looking at putting some of the capital into a new fund which would make principal investments and in which staff could participate.

Withdrawing from the gold market is a break with the era of Baron David's predecessor and distant cousin, Sir Evelyn de Rothschild. Sir Evelyn was always proud of the bank's association with the gold market, but handed over control of the bank last year and stepped down as chairman last month. "Evelyn is perfectly relaxed and supportive [of the exit from gold trading]," Baron David said.

The bank generated just £4.6m ($8.2m) of dealing income last year, or 2.2 per cent of the bank's total operating income.

This still allows the operation to just cover its costs but the trend line is not encouraging: five years ago dealing income was £14.2m, or 8.6 per cent of the total.

Mr de Rothschild says the bank's gold operations consisted mostly of hedging gold producers' exposure to the market.

He acknowledges that Rothschild has neither the technological infrastructure no the risk appetite necessary for being a directional or proprietary trader.

Withdrawing from the business is "the sound thing to do" and is not the result of any sudden problems, he insists.

"We are not trying to deal with any losses," Mr de Rothschild says.


:: Black Leprecon :: goldlink ::
...

Priory Of Sion: The Mystery Deepens.

"...there was the lingering doubt that behind all of this might be nothing. There is no definitive proof that the Priory Of Sion existed prior to 1956, when an organization by that name appeared in French official records, although it claims (through its secretly deposited documents in the French national library) to have originated from an earlier organization, the Ordre du Sion, founded by Godfroi de Bouillion, Hugh de Payns, and a Calabrian monk named Ursus in 1099. And there has been at least one book suggesting that all of Father Sauniere’s illicit wealth came from selling masses (simony) - thus, he may have made up all the business about parchments and hidden treasure in Rennes-le-Chateau to cover up his ill-gotten gains. Other authors insist that Sauniere found a Visigothic gold stash or a gold mine belonging to the Dagobert family (take your pick); end of story. So - ask yourself this. Why would Sauniere have redecorated his church with such garish and odd symbolism? Why do the families that seem to comprise the Priory of Sion seem to have acted against the French monarchy earlier in history? And, according to Ted Cranshaw, even if Sion forged the Rennes parchments in the 1950s, the "code" contained therein must date back to the 18th century. Is the Priory Of Sion just a modern ‘artwork’ tying together disparate figures in history (Poussin, Lord Shugborough, etc.) or are their paintings and monuments really part of a mystery which goes back (at least) several centuries?"

See also http://www.ordotempli.org/priory_of_sion.htm and this site.

For an exciting introduction, read "The Da Vinci Code" novel. Here is what father has to say about the novel.


:: Black Leprecon :: goldlink ::
...