Rothschild and Gold

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nigel's picture
nigel
Status: Silver Member (Offline)
Joined: Apr 15 2009
Posts: 138
Rothschild and Gold

I was idly reading wikipedia the other night when I found this line:

N M Rothschild & Sons, English investment bank does most of its business as a mergers and acquisitions advisor. In 2004, the investment bank withdrew from the gold market, a commodity the Rothschild bankers had traded in for two centuries.[22] In 2006, it ranked second in UK M&A with deals totalling $104.9 billion.[45] In 2006, it publicly recorded a pre-tax annual profit of £83.2 million with assets of £5.5 billion.[46]

which can be found at http://en.wikipedia.org/wiki/Rothschild_family

How can the gold bugs be right when one of the families with the most financial acumen is no longer in gold?

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3125
huh?

 What was the price of gold in 2004 and what is it now?  Something like tripled or quadrupled?

ao's picture
ao
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Joined: Feb 4 2009
Posts: 2220
don't believe everything you read
nigel wrote:

I was idly reading wikipedia the other night when I found this line:

N M Rothschild & Sons, English investment bank does most of its business as a mergers and acquisitions advisor. In 2004, the investment bank withdrew from the gold market, a commodity the Rothschild bankers had traded in for two centuries.[22] In 2006, it ranked second in UK M&A with deals totalling $104.9 billion.[45] In 2006, it publicly recorded a pre-tax annual profit of £83.2 million with assets of £5.5 billion.[46]

which can be found at http://en.wikipedia.org/wiki/Rothschild_family

How can the gold bugs be right when one of the families with the most financial acumen is no longer in gold?

What they say and what they do are usually two different things.  Why would you believe anything they say when their entire history has been cloaked in secrecy and deception? 

This statement about sums it up:

"A woman who planned to write a book entitled Lies about the Rothschilds abandoned it, saying: 'It was relatively easy to spot the lies, but it proved impossible to find out the truth'". "

Besides, withdrawing from the gold market doesn't necessarily mean selling off their gold.  

jrf29's picture
jrf29
Status: Gold Member (Offline)
Joined: Apr 18 2008
Posts: 453
Prescience and business acumen

Prescience and business acumen are not passed to the next generation in the blood stream. 

The fact that a fictional entity called a corporation has existed for more than 200 years does not mean that its current executives have any more or less intelligence than the directors of any other company

jws1970's picture
jws1970
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Joined: Mar 10 2012
Posts: 1
Sleight of Hand

AO wrote: "Besides, withdrawing from the gold market doesn't necessarily mean selling off their gold." 

I agree, and would add that magicians are also very good at making you see what they want you to see.

BSV's picture
BSV
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Joined: Jan 26 2009
Posts: 170
Just supposing here: Imagine

Just supposing here: Imagine that you were a major insider at the London Bullon Market Association and you know the innermost workings of that organization. It appears to be a fractional reserve system and some observers have claimed publicly that certificates of gold ownership are routinely issued with no physical metal backing them. Some claim that the ratio of outstanding ownership claims to actual metal is on the order of 100:1, while others claim it is more like 20:1 or thereabouts. Only the insiders know the truth. 

Suppose that owners of this paper gold are being charged storage fees for non-existent metal. Then suppose owners of those certificates start to get nervous and try to reclaim their physical metal. Finally, suppose there is a run on the bank, so to speak, with virtually everyone demanding their physical metal -- and it mostly doesn't exist except on paper. The resulting scandal could bring down the entire global financial system. Of course, that's likely to happen anyway, but perhaps that wasn't quite as apparent in 2004. The Germans are starting to get nervous about their foreign gold holdings. Venezuela's government has already repatriated its national gold. An insider could likely have foreseen this a decade or more ago.

Now suppose that you are a centuries old organization taking the long view and expecting to be around for many more decades. Would you not seek a way to exit from the certain fallout before the scandal breaks? I'm just supposing, of course.

And then there is the Comex.....

mshoque's picture
mshoque
Status: Member (Offline)
Joined: Jul 18 2010
Posts: 1
Setting price of Gold and being a buyer is a give-away

That is because they were becoming buyers at that time.  You cannot buy and set prices at the same time.

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