Go to this link: Withdrawing bullion | 3 ways to withdraw gold | BullionVault
Scroll down to Standard 100g gold bars
Then down a bit to this: You may withdraw 100g gold bars to these countries
“these countries” will link you to the list which no longer includes the US!
WOULD YOU CONSIDER THIS A FAILURE TO DELIVER?
Martin Armstrong makes some really valid points about this in the interview shown below. Interesting comments about capital controls, asset confiscation and hyperinflation start at the 30:20 mark.
Adding EU capital controls to my trigger list, with my contacts keeping me posted re banking controls/issues. I do expect Von Der Layen to try to take assets which will lead to hyperinflation, just as it did in Germany, as Armstrong indicated.
Simple dumb question: isnt that every 100 days carnival of US debt ceiling coming 3 times with that? Every 1Tn it has been. US administration in DC stops when that happens.
With stubborness EU leaders show (von der Leyen has shown TDS) and now tariffs put to table, I see this more as sign of SHTF overleveraged economy than actual being enemies. But of course bad economic management can make you enemy of sorts.
These US-EU conflict points start piling up. I dont see it only bad thing as I was more afraid under Biden administration how everything they implied, suddenly von der Leyen implemented, no discussion.
I get the sense something is happening behind the scenes between US and EU. The changes to delivery are dated very recently.
Related: Vince Lansi this morning reported that EU is delaying full Basel III rollout again, this time to Jan 2027.
Was this the meaning behind Trump’s Easter tweet about having the gold? That keeping physical gold out of EU banks would delay full implementation of Basel III and maybe the US side doesn’t want that?
Would implementing Basel III fully significantly impact the dollar and US banks don’t want that?
Would taking the US out of delivery jurisdictions for this EU-based vault be a small part of a scramble between EU and US banks to keep as much physical as possible in their possession?
Here’s Vince:
https://youtu.be/iVB9HFd5sM0
I’ve always found the concept of these vaults to be a bit odd. Seems like the first target of any central banks/governments if things go crazy. Look at what FDR did when he outlawed gold!
Can someone tell me the difference between “horrific” inflation and “hyper” inflation?
I’ve been observing the same pattern in the ndx 100 day by day. Opens down and then grinds its way upwards til close. What’s that about? It’s like bipolar investors start the day with uncertainty and invariably become optimistic later.
Thanks Jan Ill give that a listen.
It seems like EVERYONE in our space senses that something has turned in the last week or so.
I havent listened yet but this weeks Loonie Hour podcast is titled “Governments Have Lost Control Of The Bond Market”.
I feel like Im getting into the bargaining stage of grief. Just now Im thinking, “What if the west could get a skeletal version of manufacturing back before this all blows? Just enough that we could at least get started on rebuilding once the dust settles.”
“horrific” == People are pissed about prices rising dramatically and argue about who is at fault and who should be brought to heel.
“hyper” == People realize the govt is not run by adults and rush to cash out their chits to secure anything not nailed down.
hyper comes with the loss of confidence
We Canadians need to be especially on the alert for what Carney does since he was a key player in the creation of “bail-ins” - see Grok analysis below.
Germany stole from it’s citizens when it did not have enough money to make reparation payments. It is the precedent. The Canadian government (along with many others) are essentially bankrupt. Which is why they are eyeing every conceivable tax they can levy, especially on home equity.
I do believe that we will be looking at asset confiscation eventually. It is a matter of when, not if, IMHO. Especially with supreme white collar criminal Carney in charge.
This could be important for holders (like me) of PSLV and PHYS.
Carney might confiscate all of Sprott’s bars, paying him (me) back with CAD, because “national defense” or whatever.
Yep. You may recall during one of the Greece bailouts in the 2012 era, Canada garaunteed about $5 billion worth of Greek bonds.
Any time the bankers are in trouble they go securing assets from someone else. Maybe start a war to take someone elses crap, maybe tax, maybe inflate maybe citizens garaunteeing loans, maybe confiscation.
The public will accept every step of it because people in groups have no principles. Each step will be, “Well it was an emergency, someone had to do something”.
Carney might be looking forward to potential rewards for screwing Canadians.
My PHYS and PSLV exit plan has been to sell after a big move up but before confiscation, assuming it happens in that order. Go to cash, then maybe miners, or cash out, pay taxes, and get physical.
He is already (purportedly) a billionaire. If not billionaire, extremely wealthy. I highly doubt such things will be incentive for him - he will make far, far more plundering & looting than from pay & benefits.
Great day for Nuclear. About time.
That said, the devil is always in the details. Let’s see if they can build stuff now.
I fear that your horrific is not horrific enough and you hyper is not hyper enough. But you could be right.
Olivia Newton-John was way ahead of you…
@cmartenson @paulkiker…chris, im sorry but im almost old enough to be your mother…would you PLEASE tell Paul, who i would like to talk to if i win my summary judgement, to get the wireless earphones out of his ears?
Amd you too if you use them. I think they lead to bad brain outcomes…the data says unknown. Dot be guinea pigs please. You guys are too valuable.
