“We come full circle to what the ultimate goal of banker intervention in the European periphery is – nothing short of full gold confiscation.”

Posted on February 23, 2012 by maxkeiser| 14 Comments

Projected PIIGS Pillage: 3233.5 Tons Of Gold To Be Confiscated By Insolvent European Banks

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14 Responses to “We come full circle to what the ultimate goal of banker intervention in the European periphery is – nothing short of full gold confiscation.”

F. Beard | February 23, 2012 at 4:05 pm |

“Ooo! Dey gots our shiny metal! What will we ever do now?”

I used to hesitate to call gold as money a form of idolatry but it surely is a form of “economic idolatry”

If that Greek gold has sat uselessly in a vault for decades then why should it be missed now?
Sharky | February 23, 2012 at 4:36 pm |

@ F.Beard

can never be 100% sure, but i suspect when the whole Global fiat currency collapse happens problably through devaluation, i doubt there will be much positive public sentiment to going onto another type of fiat currency to say the least!!

In which case you would expect Gold and Silver/ Precious metal backed currencies to take there turn again.

If this is to happen the price will have to be massively higher hence why everyone now wants tangible as the world fiat currencies are devalued.
Chervonets | February 23, 2012 at 5:41 pm |

So the question is now where have these countries stored their gold? When it is already in New York is will be an easy take over, they will use a pencil instead of a tank.
chomtronic | February 23, 2012 at 5:52 pm |

PIIGS = Put it in German safes.
What-me-worry? | February 23, 2012 at 6:15 pm |

Germany is the ‘bullseye’ for da banksters.
neweveryday | February 23, 2012 at 8:20 pm |

@F.Beard

If the gold in Greek [or any] vault had no intrinsic value, why has it been so cunningly ‘factored in, cornered, virtually sequestered, taken as the ultimate backstop for the latest and greatest [most infamous] Greek bailout deal?

Why do you deny what all else affirms? Gold and Silver are money!

If nobody wanted it, it wouldn’t matter.

No, I don’t expect an answer, maybe some convoluted rationalisation on your part, but, when all else fails PMs are PMs not merely elements.

Can you not even admit their ‘provisional’ value and significance?
James Brown | February 23, 2012 at 9:35 pm |

@ F. Beardo

Ah, Beardo…ever the cynic…I bet that you’re probably sitting on a pile of the stuff that you bought @ $300 and you just can’t believe your luck in a “go break a leg” sort of way…wondering whether you should just cash in your chips now and retire to the Bahamas on a Sunseeker with beautiful Stacy at your side, or ride the bull even further…hang on in there, Beardo, you needs nerves of steel for this one…
F. Beard | February 23, 2012 at 9:35 pm |

but, when all else fails PMs are PMs not merely elements. neweveryday

That’s my point! They are an idol!
F. Beard | February 23, 2012 at 9:40 pm |

@James (Hardest working man in show business) Brown,

$300/oz is the MOST I ever paid for gold!

But alas, a lass (a red head) caused me to lose my head, my heart, my livelihood and my gold in that order.

But it’s been a wild ride and I’m NOT complaining. God is GOOD!
JonnyJames | February 23, 2012 at 9:47 pm |

Scorched Earth policy! They aint gonna stop stealing til there’s nothing left.
neweveryday | February 23, 2012 at 10:15 pm |

@F.Beard

… except that your ‘Mr God’ is the right stuff and not idolatry….
James Brown | February 23, 2012 at 10:55 pm |

@ F Beard

…sorry to hear that, dude…I know, I also had a crush on Jessica Rabbit for years!..
F. Beard | February 23, 2012 at 11:06 pm |

@James Brown,

It’s way cool. I have plenty of spare time and I want to get skinny again and mavbe write a book. Or re-study differential equations. Or invent something. Or …
Robert Mockan | February 24, 2012 at 6:57 am |

Gold price may spike up Friday.
Tarpley is warning of a possible false flag event for Friday 24th.
http://tarpley.net/2012/02/23/syrian-sources-warn-al-jazeera-to-claim-17-children-killed-by-assad-forces/
This would be consistent with the insane oligarchs plans, to create problems then fund both sides of conflicts. After all, what they are doing now to the world is just a replay of history. They have done this before.
http://www.abjpress.com/tarpv1.html