Did they happen to say whose gold it was that was fine. Just wondering.
Ptah
Eureka… !
NoEffingWay
Wet tungsten on the other hand…
Danny Cunnington
If you read the article you can see it’s pointless waffle apart from the bit they slipped in at the end of the piece. “All viewing is cancelled indefinitely because of the aftermath of hurricane Sandy.”
If you think about it, it’s a totally pointless article apart from that snippet. Of course the gold is fine. There’s lot of gold at the bottom of the oceans in all sorts of shipwrecks all over the world and that’s fine too.
The point is that the Fed know that trust over alleged gold holdings is slipping. They can’t afford a “show me” moment. This press release is just an excuse to cancel all viewings whilst making it appear if they are just cheerily announcing no flood damage to gold which as anyone who knows anything about gold is just stating the obvious to any other than young children.
YoLithos
NY “floodwater” is probably a tad more caustic than the standard Caribbean variety. If any of it was cunningly “hidden” in the “swimming pool” beneath The Towers, though … Remember a BW movie about a scientist that accidentally phased himself into another dimension?
Gold might be fine, but the bars have to be rinsed. Otherwise the vaults will start to stink (water trapped between bars). What an oppertune moment to do a count!
@Stacy Don’t be so sure, they only flash plating on those Tungsten ingots. They might lose their shine!
“Gold Flash – an electrolytic plating of not less than 10 Carat minimum fineness and a thickness of less than 0.175 microns may be only marked or described as … blah!”
What?? Should water melt or erode the gold somehow… Then they most probably have chocholates wrapped in a golden paper. Yummy! Much better than the real gold!
Dylan
Hurricane Sandy: NY Fed says the gold is MIIIIIIIIIIINE!!!!!!!!!!!!!!!!!!
mijj
pfft! .. i own all the bridges in London .. and i’ll prove it by showing them to you any time you like.
Did they happen to say whose gold it was that was fine. Just wondering.
Eureka… !
Wet tungsten on the other hand…
If you read the article you can see it’s pointless waffle apart from the bit they slipped in at the end of the piece. “All viewing is cancelled indefinitely because of the aftermath of hurricane Sandy.”
If you think about it, it’s a totally pointless article apart from that snippet. Of course the gold is fine. There’s lot of gold at the bottom of the oceans in all sorts of shipwrecks all over the world and that’s fine too.
The point is that the Fed know that trust over alleged gold holdings is slipping. They can’t afford a “show me” moment. This press release is just an excuse to cancel all viewings whilst making it appear if they are just cheerily announcing no flood damage to gold which as anyone who knows anything about gold is just stating the obvious to any other than young children.
NY “floodwater” is probably a tad more caustic than the standard Caribbean variety. If any of it was cunningly “hidden” in the “swimming pool” beneath The Towers, though … Remember a BW movie about a scientist that accidentally phased himself into another dimension?
Without an audit we do not believe them.
Gold might be fine, but the bars have to be rinsed. Otherwise the vaults will start to stink (water trapped between bars). What an oppertune moment to do a count!
;D
@Ray: they will not give us that opportunity.
Counting is one thing.
Then there’s weight, purity and consistency, rehypothecation and more.
Is it 999 fine tho?
The Beatles – I Feel Fine – YouTube
@Stacy Don’t be so sure, they only flash plating on those Tungsten ingots. They might lose their shine!
“Gold Flash – an electrolytic plating of not less than 10 Carat minimum fineness and a thickness of less than 0.175 microns may be only marked or described as … blah!”
What?? Should water melt or erode the gold somehow… Then they most probably have chocholates wrapped in a golden paper. Yummy! Much better than the real gold!
Hurricane Sandy: NY Fed says the gold is MIIIIIIIIIIINE!!!!!!!!!!!!!!!!!!
pfft! .. i own all the bridges in London .. and i’ll prove it by showing them to you any time you like.