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Gold Runs Out In Germany

Gold Runs Out In Germany

Allan Hall
London Evening Standard
October 12, 2008

Risk-averse Germans are turning to gold in troubled times – but there’s none left.

German gold dealers say demand has skyrocketed this past week to 10 times normal so no more orders can be taken for the foreseeable future.

“The demand exceeds our capacities by a great deal,” said Heiko Ganss, head of precious metal company Pro Aurum.

“The requests cannot be satisfied right now,” a dealer from the Düsseldorf WGZ Bank confirmed.

“Demand for gold as a conservative investment has risen dramatically,” said stephan Henkel. “right now the demand is about 10 times as high as in normal times.”

Gold deliveries now take between four and six weeks.

The US mint said on Monday it had exhausted some of its supply of bullion coins and was struggling to meet demand for gold, silver and platinum.

South Africa’s Rand Refinery, producer of the world’s most popular gold bullion coin, the Krugerrand, temporarily ran out of the coins in August.

 

Londoners Queue-Up on Sidewalk to Buy Gold in Rush for Money Haven

Bloomberg
October 9, 2008

Londoners stood in line outside the largest gold coin and bar retailer in the city’s West End shopping district, clogging the lobby and trading among themselves as they sought a safe haven for their money.

“People want something tangible, something they can hold on to, something the banks can’t give them,” said Chris Burrow, the owner of ATS Bullion, the gold dealer in the Strand that traces its roots back to the 17th century. “There’s no time to breathe. We’re rushed off our feet. Staff are exhausted.”

As U.K. stocks tumbled to a five-year low, paced by financial-services companies, gold advanced. Since Lehman Brothers Holdings Inc.’s Sept. 15 filing for bankruptcy protection, exacerbating the worldwide credit crisis, gold for immediate delivery has jumped 19 percent.

“Investors are rushing to safe havens and physical gold seems to be the favorite one,” said Frederic Panizzutti, a senior vice president at MKS Finance, one of Switzerland’s four bullion refiners.

British government action to prop up the banking industry has failed to reassure investors. The U.K. on Oct. 8 promised 50 billion pounds ($86 billion) of capital to banks, the same day the Bank of England cut its benchmark interest rate by half a percentage point. Last month, the government brokered a takeover of HBOS Plc, Britain’s largest mortgage lender, and seized control of Bradford & Bingley’s mortgage division.

Read Full Article Here

 

Austria Witnesses New Gold Rush

BBC
October 12, 2008

The financial crisis is prompting people to look for safer forms of investment than stocks and shares.

The interest in gold coins is so great that many of the world’s major mints are struggling to keep up with demand, including the Austrian Mint, which produces the Vienna Philharmonic – one of the best-selling bullion coins worldwide.

Sales of Vienna Philharmonic gold coins have gone up by more than 230% since last year.

Kerry Tattersall, the director of marketing at the mint, says production has gone into overdrive.

“We are running at present something like three shifts on all of the machines, on the presses, producing both gold and the silver bullion coins.

Read Full Article Here

 

Central banks all but stop lending gold

Javier Blas
Financial Times
October 8, 2008

Central banks have all but stopped lending gold to commercial and investment banks and other participants in the precious metals market, in a move that on Tuesday sent the cost of borrowing bullion for one-month to more than twenty times its usual level.

The one-month gold lease rate rocketed to 2.649 per cent, its highest level since May 2001 and significantly above its five-year average of 0.12 per cent, according to data from the London Bullion Market Association.

Gold lease rates for two, three, and six months and for a year also jumped to levels not seen in the last seven years.

Traders said the jump reflects the fact that central banks — mostly European — have almost completely stopped lending gold in the last few days and are not rolling forward old leases after maturity. This is because of fears that some borrowers might not repay their bullion loans if they are engulfed by the financial crisis.

“A number of central banks have been cutting back on their gold lending,” said Tom Kendall, a precious metals strategist at Mitsubishi in London.

John Reade, a commodities strategist at UBS, added that there had been a lot of talk about some central banks being unwilling to lend their gold because of a redoubled focus on the risk of borrowers not returning it.

Read Full Article Here

Bullion Shortage and Spot Prices Tell Two Different Gold Stories
http://seekingalpha.com/article/99680-..ces-tell-two-different-gold-stories

Blatant Banker Manipulation Of Gold Prices
http://www.prisonplanet.com/blatant-banker-manipulation-of-gold-prices.html

No Mass Mania for Gold Yet – Less than 1% of Public in Western World Have Invested in Gold
http://news.goldseek.com/GoldSeek/1224161100.php

Spot Gold Price Is Now Meaningless
http://www.istockanalyst.com/article/viewarticle%2Barticleid_2713209.html

Gold expected to rally above $1000 in Q1 2009
http://network.nationalpost.com/np/b..o-rally-above-1000-in-q1-2009.aspx

What the Pros Say: All that Glitters is Gold
http://www.cnbc.com/id/27095525

Kiener: Gold Prices To Double On Paper Market Default
http://www.prisonplanet.com/kiener-..o-double-on-paper-market-default.html

 



Arnold Questioned About His Nazi Connections

Arnold Questioned About His Nazi Connections

Truth News
April 23, 2008

http://www.youtube.com/watch?v=a376xZ8VnIY

It wasn’t a question Arnold Schwarzenegger wanted to answer. “Arnold, can I get your comment on Kurt Waldheim, your friend?” Schwarzenegger immediately turned away.

After Luke Rudowski of We Are Change attempted to question Arnold about his relationship with former Nazi and Secretary-General of the United Nations, Kurt Waldheim, Schwarzenegger’s press secretary, Aaron McLear, stepped in and confessed complete — if completely unbelievable — ignorance of Waldheim.

Obviously, before taking the job, Mr. McLear did not do his homework.

So chummy was Arnie with the former Nazi, he invited him to his wedding to blue blood Maria Shriver, niece of the John F. Kennedy. Waldheim didn’t attend, but he did send a gift, reported to be a statue of Arnold, in lederhosen, bearing off Maria, who wore a dirndl. “My friends don’t want me to mention Kurt’s name, because of all the recent Nazi stuff and the U.N. controversy, but I love him and Maria does too, and so thank you, Kurt,” Arnie gushed.

As it turns out, Kurt Waldheim was a Nazi intelligence officer in Germany’s Army Group E when it committed mass murder in the Kozara region of western Bosnia. In fact, Waldheim’s name appears on the Wehrmacht’s “honor list” of those responsible for the atrocity. At the end of the war, Waldheim was wanted by the War Crimes Commission of the United Nations. Ironically or not, Waldheim would later become the head of the globalist organization. In Austria, plenty of people were willing for forgive Waldheim for his crimes, as he had no problem becoming president. At the same time, the U.S. Justice Department put Waldheim on its watch list denying entry to “any foreign national who assisted or otherwise participated in activities amounting to persecution during World War II.”

It makes sense Arnie would express an effusive affinity for Kurt Waldheim, as Schwarzenegger’s vater was a Nazi muckamuck. Gustav Schwarzenegger voluntarily joined Hitler’s infamous Strumabteilung (SA), “brown shirt” stormtroopers in 1939. So fond of Hitler was Gustav he even marched around with the Führer’s trademark mustache. The Vienna daily Der Standard noted that “Gustav, a high-ranking Nazi, brought up the bespectacled, rather frail boy with an iron fist and quite a few slaps in the face.”

In 2003, the New York Times reported that film producer George Butler, who produced the documentary “Pumping Iron,” asked Schwarzenegger who he admired and the bodybuilder replied: “I admired Hitler, for instance, because he came from being a little man with almost no formal education up to power. And I admire him for being such a good public speaker.” Butler considered Arnie a “flagrant, outspoken admirer of Hitler” who played “Nazi marching songs from long-playing records in his collection at home” and “frequently clicked his heels and pretended to be an S.S. officer.”

In 1976, Arnie told Rolling Stone: “I feel you only can have a few leaders… and then the rest is followers. I feel that I am the born leader and that I’ve always impressed with being the leader. I hate to be the follower. I had this when I was a little boy,” back when his Gestapo father boxed his ears. “I didn’t think about money. I thought about the fame, about just being the greatest. I was dreaming about being some dictator of a country or some savior like Jesus.”

In other words, for our globalist rulers, Arnie is the ideal candidate — authoritarian, suffering from a messianic complex, and completely deluded.

And it makes perfect sense Schwarzenegger would flaunt a Nazi death’s head belt buckle on the cover of Time Magazine, as he is a recalcitrant fascist, indeed quite proud of his admiration for Hitler and the Nazis, responsible for slaughtering tens of millions of people. Showing off the belt buckle is a sly way to show his real colors without going completely over the top.

No wonder he turned his back on Luke Rudowski when asked about Kurt Waldheim. Now that Schwarzenegger’s dream of power and becoming a dictator — same as that other guy with a family steeped in Nazism, the one currently in the White House — draws closer, he has to studiously avoid his free wheeling past and also embarrassing questions asked by the untermenschen.

The Return of Arnold’s Nazi Belt Buckle
http://mparent7777-2.blogspot.co..nolds-nazi-belt-buckle.html