How the Massive Gold & Silver Theft Really Works: Stuart Englert / Nick Barisheff (Video)

How the Massive Gold & Silver Theft Really Works: Stuart Englert / Nick Barisheff Video by GoldsilverPros

Stuart Englert, author of Rigged: Exposing the Largest Financial Fraud in History and Nick Barisheff: CEO of BMG Group, a precious metals fund and storage manager in Canada.

We discuss why an audit of physical gold holdings at GLD does nothing to prove the bars are not leased into the fund by someone else. The audit only focuses on validating the bars claimed are stored, but does not check chain of title to them prior to entry to GLD.

We discuss what happens when a large bank, who is an authorized participant in GLD, goes bust and potentially takes the GLD with it.

We talk about why the gold market has not developed a robust title process like we have in real estate. We also discuss why its easy to move gold around the world, melt it, and recast it in new bars or sell it to jewelers without most people every really knowing it.

We discuss how China can hold the gold they own and the central bank does not report it, using the sovereign wealth fund. We also discuss what happens when that gold, which had been leased from central banks around the world, never comes back to the West.

We discuss the many chain of title problems in the gold industry which allows these shadowy gold thefts to occur over and over again.

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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.