DAVID CRAYFORD --------- BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9TH 2015 ----------------
----------------- BUT THEY IGNORED IT, AND DID ABSOLUTELY NOTHING ABOUT IT. NOW IT HAS CAUGHT UP WITH THEM AND SOME ARE ON QUITE A LOSING STREAK ---------------
I refer to a recent article in the New York Post, dated August 28th 2019, url: https://www.rumormillnews.com/cgi-bin/forum.cgi?read=130416
Gold bars stamped with fake logos of major refineries have been circulated into the global market and landed in the vaults of JPMorgan Chase & Co. - part of a plot to launder smuggled or illegal specimens of the precious metal, according to a report.
Bars worth at least $50 million stamped with the logos of Swiss refineries that did not produce them have been identified by all four of the country's top gold refiners in the last three years, Reuters reported.
They have been found in the vaults of JPMorgan, one of the major banks at the center of the market in bullion, senior executives at gold refineries, banks and other industry sources told the news outlet.
Four executives told Reuters that at least 1,000 of the bars have been found - a small share of output from the gold industry, which produces about 2 million to 2.5 million such bars every year.
But the forgeries are sophisticated, so thousands of additional ones may have gone undetected, according to the head of Switzerland's largest refinery.
"The latest fake bars ... are highly professionally done," Michael Mesaric, chief executive of refinery Valcambi, told Reuters, adding that there are "way, way, way more still in circulation."
Blocks of cheaper metal plated with gold are relatively common in the industry and are often easy to detect, but the forgeries in these cases are more subtle - the high-purity gold is real, with only the markings faked.
JP Morgan Chase Bank office building in New YorkReuters
Fake-branded gold is a relatively new way to flout global measures to block conflict minerals and prevent money-laundering. The forgeries pose a problem for global refiners, financiers and regulators as they try to rid the world of illegal trade in bullion.
Without a stamp from a prestigious refinery, such gold would be forced into underground channels, or priced at a discount.
But by pirating major brands, metal that has been mined or processed in locations that would not otherwise be legal or acceptable in the West - such as parts of Africa, Venezuela or North Korea - can be slipped into the market, channeling funds to criminals or sanctioned regimes.
It was unclear who is producing the bars found so far, but executives and bankers told Reuters they believed most originate in China, the world's largest gold producer and importer, and have infiltrated the market through trading houses in Hong Kong, Japan and Thailand.
Once accepted by a mainstream dealer, they can quickly slip into the global supply chains.
In 2017, JPMorgan, one of five banks that finalize trades in the $10 trillion-a-year London gold market, found that its vaults contained at least two gold bars stamped with the same ID number, 10 people familiar with the matter told Reuters.
The news outlet couldn't determine exactly where the vaults were.
JP Morgan declined to directly address questions about the fake bullion.
"It's our standard practice to immediately alert the appropriate authorities and refineries should we discover mismarked gold kilobars during routine checks and procedures," the bank said in a statement.
"Fortunately, we have yet to have an incident resulting in a loss to the firm or a client," it added.
Kilobars are small - about the size and thickness of a cellphone - unlike the roughly 12.5-kilo bars typically stored in the world's central banks.
When I stated above:- BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9TH 2015 ---------------- I was not joking.
Below is my article dated September 2015:-
THE CUNNING, DEVIOUS, AND ILLEGAL ACTIVITIES BEING APPLIED BY THE CABAL / ELITE TO CON EVEN MORE PEOPLE, REFERENCE TO .....................
.................... GOLD / SILVER
Earlier this year I was asked a question about what happened to our targeted date of November 2014 for specific factors to happen.
To this I responded, publicly, that as a result of substantial interference we had been delayed. However, all factors were still positively progressive.
I am now authorised to reveal what these interferences were.
During the 3rd quarter of 2014 we were advised by our intelligence people that they have identified Three (3) possible small illegal refineries where stolen Gold was being refined and re-blocked complete with Hallmarks and forged documentation.
All of these small illegal refineries were positioned on Military bases within countries of the Far East.
Teams were organised to gain access to these illegal refineries and obtain as much information as possible, including photographs.
It took some time for our teams to obtain what was necessary, and then for us to commence tracing the people involved, whereby this work is still ongoing.
In all Three (3) cases, C17 and C130 American Military aircraft were being used to haul the Gold / Silver (We have photographs of this activity), stolen from the Depository country, to the applicable Military Bases in other countries, usually arriving early in the morning and leaving again late in the evening.
There, the delivery aircraft were unloaded of their stolen Gold which was moved into the illegal refineries (We have photographs of the inside of these illegal refineries). During the daytime the aircraft were reloaded with Gold / Silver that had previously been refined, ready for the evening flight out to another destination where ships were waiting to be loaded.
One, 1 star General, who was involved under orders from the top brass, was located, lifted, and taken to a safe place for interrogation. There he opened up and was given assurance of our protection and complete anonymity.
The documentation for this refined stolen Gold / Silver is being forged mainly in Thailand. Having seen some of it, we will state that it is very good in quality whereby the naive, and by using that word I refer more to members of the public who are unaware of the international procedures that apply to precious metals; would easily be fooled by it.
Without being registered by the World Gold Council, this stolen and illegally refined Gold, or some of it, is now circulating within the normal world markets, or, in the hands of unsuspecting individuals who have purchased the odd 1 kg bar or two, not realising that they are purchasing stolen Gold / Silver, but feeling that they are protecting themselves and their families against any possible future financial crash.
Two (2) C130's parked close to a small building (left) which is the illegal refinery, situated on a Thai Military Base (Thai Airforce Wing 21) quite far away from the main airbase activities. Several vehicles, including Forklift trucks are seen to the left of the building (Some not apparent on the Photograph), which are used by the foreign personnel (Americans) who are the operatives of this illegal refinery operation and the loading and unloading of the aircraft.
This stolen and illegally refined Gold / Silver, which is totally unregistered and illegal, is being sold by the secondary and sub-secondary bullion dealers (The small operations working mainly below the radar) with "off-shore domiciles companies", mainly in America, Central America / Caribbean, and Europe.
THIS GOLD / SILVER WILL EVENTUALLY BE RECOVERED, so, BE WARNED. BEFORE YOU BUY GOLD AND SILVER, IN YOUR ENDEAVOURS TO PROTECT YOURSELF AGAINST ANY FUTURE FINANCIAL COLLAPSE; CHECK OUT THE DOCUMENTATION EITHER WITH THE WORLD GOLD COUNCIL OR THE CLAIMED ISSUERS OF THE DOCUMENTS AND OBTAIN A WRITTEN CERTIFICATION FROM THE ISSUERS OF THOSE DOCUMENTS THAT WHAT YOU HAVE IS GENUINE AND LEGALLY REGISTERED GOLD / SILVER.
NOTE: EACH BAR OF GOLD HAS A SET OF SEVEN (7) DOCUMENTS PROVIDED WITH IT AS PROOF OF GENUINE, LEGITIMATE GOLD, AGAIN, ALL REGISTERED WITH THE WORLD GOLD COUNCIL. ALL DOCUMENTS CAN BE VERIFIED BY THE ISSUER OF SAID DOCUMENTS.
That brings me to the final factor of this article.
The more recent issue of the MF bankruptcy and the scandalous activities of the CME, along with others who do not have the Physical Gold against Paper Gold to settle on Date of Call.
Was the Gold they are selling, either forward selling or otherwise, part of the stolen and illegally refined Gold / Silver of the Collateral Accounts, all of which is still being thoroughly investigated and Gold / Silver transactions being tracked, including the real beneficial owners of MF Global ???????????????????
If that eventually turns out to be the real situation then sadly those who bought Gold / Silver from these secondary and sub-secondary bullion dealers (The small operations working mainly below the radar) with "off-shore domiciles companies", mainly in America, Central America / Caribbean, and Europe; without checking everything out, now stand to lose their money and the Gold / Silver they had purchased from these secondary and sub-secondary bullion dealers.
David P. Crayford
As everyone can now observe, the truth is always revealed in due course. It may take a little time as these clandestine illegal activities do take time to uncover. Sometimes that truth is too late to prevent someone from losing everything. This time, I am please that it is the notorious J.P.Morgan, even though they are claiming, quote "Fortunately, we have yet to have an incident resulting in a loss to the firm or a client," it added.
Which actually doesn't make any sense at all, because if they (J.P.Morgan) haven't lost, not any client of J.P.Morgan lost, and that is what J.P.Morgan are stating, then what the hell is it doing in the vaults of J.P.Morgan????? Sounds to me like someone in J.P.Morgan is covering something up.
I stated it would happen, and it has. However, it has taken 4 years, yes 4 years, for some of this stolen gold to show up, albeit in the vaults of J.P.Morgan, but there is a lot more, up to a minimum of 50 MT, somewhere in the world that someone is holding that has yet to be exposed and then confiscated.
The crooks involved in all of this, and that includes the US Airforce personnel, Army personnel, together with some rogue members of the Thai Royal Family and Senior Airforce personnel of the Thai Air Force, much to the disdain of the former and revered deceased King Blumipol; believe that because they got away with things right at the beginning, they can continue and never get caught. Ha, ha, ha, little do they know we are watching with very sharp eyes, and one by one they are being taken down and incarcerated. This will continue indefinitely until all stolen gold is recovered and returned to the Global Debt Facility, no matter who is involved.
That has made my day today, so I am very happy. So I am now going to have a coffee with a wee dram of Glenfiddich Scotch Whisky to tickle the taste buds.
© and Copy Holder plus ® to David P. Crayford in conjunction with Abundanthope.net.