The average person cannot take the following steps since you have to be extremely large, highly funded, and well connected to play the game. Most of us don’t understand the mechanics of this complex market. However that does not prevent the bad guys from exploiting the complexity. Lack of transparency and regulation allow these unrighteous acts to continue each and every day. The one thing they are not counting on is the fact that Our Heavenly Father fully understands their actions and intent AND is tracking it all as the Day of Reconciliation approaches. Their lawlessness does have ramifications.
The elites are using the current paper system to loot the gold out of the GLD Exchange Traded Fund (ETF). How?
Step 1 Investment bank shorts the Comex futures market for gold to push the price of gold down. GLD tracks this market by design. Comex affects the London fix price of gold.
Step 2 The investment bank then buys shares of GLD at the discounted gold price.
Step 3 Present the lots of 100,000 shares of GLD (+- $14 million) to Bank of NY Mellon (the Trustee for GLD).
Step 4 Bank of NY Mellon must cancel the shares then instructs HSBC London to release the gold to the investment bank.
Step 5 The investment bank covers their short position from Step 1 at a profit.
Since the Fed uses the investment bank to manage gold prices downward, the investment bank can loot the gold held in HSBC on behalf of the GLD ETF with impunity. They can either hold the gold at the discounted price or sell it in the Asian market and make a profit based on the physical price differential.
Thousands of investors have been given exposure to the price of gold by this investment vehicle as described below. However the investment banks have figured out how to skim money and profit off of the average investor in gold. Without investors being informed and in unity, this fraudulent behavior will continue.
SPDR® Gold Shares
Ticker: GLD
Trustee: Bank of New York
Marketing Agent: State Street Global Markets, LLC
Custodian: HSBC Bank USA, N.A.
Shares Outstanding: 346.20 M
Total Net Assets: $46,480.38 M
Key Benefits:
- Accessibility: Lowers many of the barriers associated with investing in gold.
- Cost efficiency: Costs of ownership are limited to an expense ratio of 0.40% plus the costs of buying and selling shares.
- Transparency: As with other ETFs, price, NAV, and detailed performance information for SPDR Gold Shares are available daily online.
- Liquidity: GLD shares are listed on the New York Stock Exchange Arca electronic exchange and can be bought and sold throughout the trading day through an ordinary brokerage account. GLD is the world’s largest gold ETF and the second-largest of all ETFs.
- Backing by physical gold: GLD shares track the spot price of gold because they are backed solely by physical gold bullion held in a vault in London, the world hub of gold bullion trading.