Commodity Trading Giant Exits Physical Gold Due To "Lack Of Physical With A Documented Origin" | WHAT REALLY HAPPENED

Commodity Trading Giant Exits Physical Gold Due To "Lack Of Physical With A Documented Origin"

But the biggest surprise in this story was the reason why Gunvor chose to discontinues its gold trading. Per Bloomberg, "executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said."

And while we would certainly love to learn more about this problem of "undocumented" physical gold, just like that we have the most definitive confirmation yet that the story surrounding China's rehypothecated commodities scandal in the port of Qingdao which as previously reported included copper and aluminum and which mysteriously disappeared just as abruptly as it first appeared, not only also involved the precious yellow metal but never really went away, and instead what appears to have happened is that "robosigned" physical gold - or gold whose ownership traders are unable to validate - has now flooded into the global trading infrastructure.

Webmaster's Commentary: 

Note the China-bashing without any mention of the problems nations are having getting their gold back from the New York Federal Reserve, the Bank of England, and the Bank of China!

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA