Top Two Gold Refineries – 85% Capacity May 4

Top Two Gold Refineries – 85% Capacity May 4 by Rory for The Daily Coin

As of today the worlds top two gold refineries, both located on the Swiss border just across the line from Italy are back in business. The refineries, which have been completely shut down for more than a month, began relighting the furnaces approximately 2 weeks ago when the LBMA and COMEX could no longer source the needed gold for contract settlement. We are not suggesting the two events are related, simply pointing out the timing of the two events. The two refineries as of May 4 now have the green light to operate at 100% capacity.

As we previously reported – Global Gold Scheme Is Back Online, Along With The Gold Refineries We discussed some of the details regarding the COMEX / LBMA and the fact the Swiss refineries just happen to have been allowed to restart their operations on a limited basis just as the COMEX  and LBMA were hit with an unusual volume of gold contracts for settlement. Convenient.

Trending: Can You Say Desperate? Sure You Can – COMEX / LBMA Hide The Empty Vaults Behind A Wall of Government Secrecy

Our guess is, like the meat processing plants in the U.S., lives are of no concern when uprisings need to be stamped down or crimes are in desperate need of cover.

Two of the world’s biggest gold refiners, Valcambi and Argor-Heraeus, said on Monday they were restoring close to full operations after Swiss authorities relaxed coronavirus lockdown measures.

The decisions end six weeks of partial or full closure that disrupted global gold supply and helped to drive prices in New York and London further apart than they have been in decades.

Valcambi, Argor and another refiner, PAMP, are near the Swiss border with Italy, which has suffered one of Europe’s worst coronavirus outbreaks.

Together they process about 1,500 tonnes of gold a year – equivalent to a third of global supply – and are the world’s most important refining centre, purifying mined material and reshaping metal moving between markets that use different bar sizes.

“From today onwards we are allowed to go up to 100%,” said Valcambi CEO Michael Mesaric, adding that health and safety measures to protect staff meant the refinery would operate at about 85% of normal levels. Source

Once again this screams of “convenience” along with the odor of criminal rot and desperation.


Sharing is caring!

The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.