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BOE to ship (by sea) 99 tons of gold to Venezuala

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
Putting my pirate ship to sea, looking for crew members. image

Venezuela Formally Requests Gold Holdings Held By BOE Ship By Sea

Wall St. is probably assembling a crew/team of somalians to intercept. I'm going with 50/50 odds the gold never makes it home.

I guess JPM is next, probably scrambling since they loaned it all out at 100:1. I suspect those that borrowed from JPM now want the real stuff on fears that Venezuela will get it first. Price could go very crazy shortly. Chickens are coming home to roost! I've got real eggs in my basket, not "promised" eggs.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • gecko109gecko109 Posts: 8,231 ✭
    Why wouldnt they just fly it in?
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    Gonna need more than that Walther. image

    The TV show "Sons of Guns" made a rocket launcher for a private security company to mount on container ships to shoot at and warn off pirates. They were just noise makers, but I bet they'll have quite a bit more on this particular ship than just noise makers.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
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  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    Good ol' Hugo will put this gold to good use...like trade it for more Russian weapons in order to make sure "his people" stay subservient to him.

    It's amazing in this day & age that people in some countries still want to keep dictators running and destroying their country. Oh yea I almost forgot, in America we have.....
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    All the tungsten bars available are being located for shipment. image

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • fastrudyfastrudy Posts: 2,096 ✭
    I give it a 90% chance of never getting to Venezuela. I think the gold will never even be loaded onto a ship that will be 'sunk' with all hands lost.
    Successful transactions with: DCarr, Meltdown, Notwilight, Loki, MMR, Musky1011, cohodk, claychaser, cheezhed, guitarwes, Hayden, USMoneyLover

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  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Why wouldnt they just fly it in? >>



    according to a paper in Costa Rica, Chavez does want it flown in, not floated.

    doesn't the "seller" have the say in delivery method though? Chavez can request a different delivery transportation vehicle but that may negate some protocols?
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "Gonna need more than that Walther. "

    Methinks we're talking nuke submarine with a few of surface escorts and a battleship with "shoot first, ask questions later" type of rules of engagement. So, how's a private company, going to get the US Navy to provide the same type of escort? JPM ain't no BOE.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>

    << <i>Why wouldnt they just fly it in? >>



    according to a paper in Costa Rica, Chavez does want it flown in, not floated.

    doesn't the "seller" have the say in delivery method though? Chavez can request a different delivery transportation vehicle but that may negate some protocols? >>


    Depends on when receiver takes official possession. If not until arrival, I guess sender gets to choose method. If I wanted to steal it in transit, I'd send by sea. When France took possession of their gold in the 70s, they showed up with a French battleship in New York harbor.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Coins101Coins101 Posts: 2,602 ✭✭✭
    F.O.B. Shipping point or F.O.B. Destination? image
  • wpr102wpr102 Posts: 37
    Seems like a smart move by Chavez to be honest. I wouldn't be surprised if some others start demanding their physical... and if this boat never arrives or the rest cannot be delivered let the conspiracy theories begin.
  • pitbosspitboss Posts: 8,643 ✭✭✭

    Are the going by Somalia?
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Someone start a pool.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    How many gold laden ships have been lost in the Caribbean? Then there is the Bermuda Triangle issue (by air or by sea). image
  • scotty1419scotty1419 Posts: 928 ✭✭✭
    That's gonna be some newsmaker when it travels. Doubt it'll be much of a secret. I'm sure every man woman and child in somalia is readying their long distance boats for the several week trip.

    Someone asked recently about factors that would increase/decrease the current POG. Aside from the consideration for taking delivery, I'm sure if the boat went to the bottom of the sea that would give one heck of a fear uptick.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I'm sure every man woman and child in somalia is readying their long distance boats for the several week trip.

    I couldn't come up with a better scenario for a world class navy to conduct a training exercise en masse.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    "We're gonna need a bigger boat!"
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    image isn't pirate/ship wreck recovered gold more valuable?



    a few dozen modifed mini's could make the drive image




    hugo is still planning to continue to trade in columbian white gold and acapulco gold...
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • scotty1419scotty1419 Posts: 928 ✭✭✭


    << <i>image isn't pirate/ship wreck recovered gold more valuable?
    ... >>



    Then we could get started pedigree'ing all the bars and doing some restoration work on them.
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    It would be to bad if it struck an old WWII floating mine that has been out there for years (so they say). What are the odds! image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>How many gold laden ships have been lost in the Caribbean? Then there is the Bermuda Triangle issue (by air or by sea). image >>



    GPS trackers on every bar!
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>image isn't pirate/ship wreck recovered gold more valuable?

    a few dozen modifed mini's could make the drive image

    hugo is still planning to continue to trade in columbian white gold and acapulco gold... >>



    Yup. I'm hoping the ship sinks before Hugo gets his hand on this gold.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>image isn't pirate/ship wreck recovered gold more valuable?

    a few dozen modifed mini's could make the drive image

    hugo is still planning to continue to trade in columbian white gold and acapulco gold... >>



    Yup. I'm hoping the ship sinks before Hugo gets his hand on this gold.image >>



    it's gonna be insured. and they wouldn't set sail just on one or two or even six for that reason.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I'm sure every man woman and child in somalia is readying their long distance boats for the several week trip.
    I couldn't come up with a better scenario for a world class navy to conduct a training exercise en masse. >>



    If I were Chavez I'd be more worried about that "world class navy" than I would be about the Somalians. I personally think, he'll be taken down before he sees his gold. I wonder if the escalation in Tripoli had anything to do with helping JPM come up with the gold that Venezuela "had" on deposit.

    While I don't agree with the man, I do respect anyone that is not afraid to publicly give Washington a big middle finger.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    I'm in.

    when do we leave?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    Does JPM have the resources to take this guy out?imageimage

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • SpoolySpooly Posts: 2,108 ✭✭✭
    I believe that governments use to support pirates for a cut of the take! U.S. 25% - Pirates 75% - Bonehead 0 !! image
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Does JPM have the resources to take this guy out?imageimage >>



    Funny, I thought JPM was a pirate!
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>Does JPM have the resources to take this guy out?imageimage >>



    Funny, I thought JPM was a pirate! >>



    You may be right.image



    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BigMoneyLewisBigMoneyLewis Posts: 194 ✭
    I am very doubtful that much physical gold can be rounded up . And, it may cause a "run on the vaults" so to speak
    where other countries , billionares, etc. may want to get their physical as well. In which case, the whole world will be exposed to the
    great lie when it comes to the amount of gold bars on paper, to the amount of physical gold bars available .

    Lewis

  • BigMoneyLewisBigMoneyLewis Posts: 194 ✭
    That 'ol Chavez is a crafty critter . He knows, "if you ain't holding it in your hand, you ain't got sheeet!"

    Lewis

  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭

    Another article:


    Article
    Ed
  • ocon4008ocon4008 Posts: 1,703


    << <i>Putting my pirate ship to sea, looking for crew members. image >>



    Call: !-800-HOOYAH

    image

    Blue Team will get the job done.
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    Maybe Kadaffy can hop on the ship and bring Libya's gold along too....
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Maybe Chavez knows the gold will never be delivered and set up a deal to transfer the $11 Billion to his private account. It will be a show. Load up the gold(tungsten/lead) on a ship and have it sink at the deepest part of the ocean. All evidence gone perhaps. JPM would get its money back since it would be insured. The insurance company would get scr**ed. Probably AIG and the american taxpayers would bail them out again.
    Montana State Quarter Die Clash

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