Hong Kong Exchange Terminates the Delivery of GOLD – NO MORE Physical GOLD!! COMEX are YOU Watching?

Again a classic leverage squeeze, now nobody want’s paper gold, and nobody has money.

NOTE THIS STORY AT THIS TIME IS BANNED ON ‘google news search”, and only show’s when you do a google search “hk suspends gold delivery”, … go ahead google and see what you get,… FYI gold is dropping today in asia

Hong Kong Mercantile Exchange (Commodities: Gold Silver) is surrendering all metal trades and will settle in cash. Defaulted! No Gold or Silver to be given! The Asian comex just defaulted? An interesting turn of events.

The Hong Kong Mercantile Exchange, which is the gold and silver commodities trading house in Hong Kong is immediately stopping/discontinuing and will be settling all gold and silver trades in cash that are in house at this time. Besides that, they will determine what amount/price they will settle the trades/contracts at. This is the exchange that began trading gold and silver in 2011 for the Pacific areas. This is the one we had all hoped would break the gold and silver manipulation. It seems the manipulation and physical amounts, broke them and they are not able to provide the physical.

http://www.transients.info/2013/05/hong-kong-mercantile-exchange.html

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WOW

The break has come, the USA ‘GLD’ is worthless paper gold, and its what OBAMA has been using to drive down the price of real gold to protect the dollar, the ASIAN’S have been demanding their ‘real gold’ for weeks, as  nobody want’s shit paper.

So, now HONG-KONG say’s “MORE MORE GOLD”,

Well this will make the price of REAL GOLD to skyrocket, and paper-gold, and paper-money to go down.

If this happened to US COMEX, where the majority in CHICAGO ( home of gangster Obama ), then the entire house of card’s would collapse. In china the shit will hit the fan, as people will freak.

Most US citizens still hold paper-gold, aka ETF’s which aren’t worth a shit, or a bernanke-buck.

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https://blogthetruthandrun.wordpress.com

Hong Kong has now terminated the delivery of GOLD, real-gold.

Physical gold has run out, now you can only get CASH, if you claim your gold that’s held in Hong Kong.

Imagine for a moment if the USA were a real country, and that the COMEX at chicago ( obama gangster ground ),  imagine if people demanded ‘real gold’ rather than paper-gold (‘GLD’), and imagine if they’re were told they could only get ‘bernanke bucks’, … couldn’t happen here could it?

HONG KONG is one of the largest holder’s of physical gold in world, and its one of the last true economic democracy’s on earth, where the USA is on level with Zimbabwe.

A good guess that the CHINA mainland just put a DEMAND on HK to deliver all physical gold at a sweet price, and HK complied.

The collapse of the dollar(US) is very near, and HK is tied to the USD which means that HK is fucked, now folks can’t get their gold back, and will be paid in US-DOLLAR equivalent, aka HKD.

HK is the leader in the world after Singapore and possibly switzerland, … what you see before your eye’s is the SMART folks are UNLOADING ‘bernanke bucks’ and turning it in real-gold.

That folks that already have paper-gold, are now told its bernanke-bucks or nothing.

Talking about FUCKED.

https://blogthetruthandrun.wordpress.com

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“The favourable conditions under which HKMEx was founded have not changed. Global commodity demand continues to shift towards Asia as the region undergoes sustained growth, presenting great opportunities that we will continue to exploit,” said Barry Cheung, Chairman of HKMEx. “Our priorities now are to protect members’ interests by ensuring effective closing of open positions while strengthening our shareholding base and developing new products that play to our distinctive strengths.”

Seem’s to be a ‘run’ the bank, this guy’s not a crook ( Cheung), but the GOLD is gone or non-existant, and the money may soon be gone also, clearly a case of ‘leverage’, where folks wanted to hold gold and the house only had paper, and now they have to sell the paper at a loss, there is no gold, and they’re running low on Bernanke-Bucks ( IMPORTANT TO KNOW the HKD is TIED to the USD ).

But Cheung is FUCKED, as the HK press is making it sound like they don’t have any bernanke-bucks, … either

Again a classic leverage squeeze, now nobody want’s paper gold, and nobody has money.

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Hong Kong Mercantile Exchange (Commodities: Gold Silver) is surrendering all metal trades and will settle in cash. Defaulted! No Gold or Silver to be given!

This is Super Huge news in my opinion!

The Hong Kong Mercantile Exchange, which is the gold and silver commodities trading house in Hong Kong is immediately stopping/discontinuing and will be settling all gold and silver trades in cash that are in house at this time.

HONG KONG, 18 May, 2013 – The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services (“ATS”) granted by the Securities and Futures Commission (“the SFC”).
With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse.

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