Showing posts with label Palladium. Show all posts
Showing posts with label Palladium. Show all posts

Thursday, 22 March 2012

FACTS AND MYTHS OF THE YAMASHITA TREASURE


It has been reported that former strongman Ferdinand Marcos was able to (to) corner about 40 percent of the Yamashita treasure that has been brought to the Philippines several months before the end of World War II. The treasures were reportedly recovered form several sites in the (te) country. 
Staying in power for 20 years was said to be a grand design for the former strongman to be able to recover these treasures after finding the master plan and old map which pinpointed the sites of these treasures. This reality leaves us with about 60 percent of the Yamashita loot after he ravaged several countries in (i) Asia en route (enroute) to Japan which he was not able to do so because of the abrupt ending World War II and the consequent defeat of Japan. Unknown to authorities, diggings for Yamashita treasures have (has) been going on in this country national treasure. Under this arrangement, treasure holders get 30 percent of the value of the treasure while 70 percent goes to the government. 
However, in the reality, treasure hunters sell their recovered treasures to traders and 'redeemers' who pay them from 70 - 75 percent of the value of their items based on the prevailing London Metal Exchange Rate.It is a widely accepted practice that the so called 'redeemers' are people who have been trained by a committee of Marcos' close associates who go around the county to buy not only recovered treasures but also other commodities such as Wells Fargo notes, Philippine Victory Notes, Ang Bagong Lipunan Notes, Treaty of Versailles notes, Federal Reserve Notes and Bonds, Peruvian money and even Iraqui money. these commodities command high prices ranging from several millions to billions of dollars. These bills are reportedly being backed by gold deposits or platinum or palladium (plladium) deposits (ddeposits) metric tons of the yellow metal and several trillions of dollars which (whch) would make Bill (Billy) Gates and Fort Knox pale in comparison. 
It is often claimed that the Philippines (philippines) is not only the pearl of the Orient, it is also the Gold Mine of the Pacific as for every foot of Philippine soil, lies a sizeable trace of gold. What makes the Philippines more interesting is the fact that three kinds of gold can be found here. One is the pinkish in shade gold, the bright yellow gold and the pale yellow gold. Aside from the billions of dollars poured in by overseas contract workers, a sizeable amount of money is poured in into the Philippine system through the sale of some of these commodities. Some of the money went somewhere else with no paper trail. 
For instance, last December, a European country bought some 5,000 metric tons of gold from treasure holders in Davao. It reportedly took 23 days to haul off said metals by commissioned planes everyday. Just last week, a neighboring country ?????? Treasure hunters are required to seek permit from the Department of Environment and Natural Resources for their diggings (digings). This is so to enable the government monitor not only the recovery of precious metals but also (aslo) to see to it that topography and surrounding (sorrounding) areas are not duly destroyed in the course of the diggings.An environmental impact assessment of the site used for diggings (digings) is likewise monitored to enable the government to install measures so as not duly destroy its surroundings (sorroundings.) 
During the Aquino administration, the granting of this kind of permit is being issued by the office of the president. If and when treasure hunters are able to recover precious items from their diggings, they are required to get another permit from the Bureau of Mines and Geosciences to enable them to transport said metals from their place of origin to sites such as meta laboratories for remionting???or assaying or somewhere else according to the demands (ddemands) of the holders. Under the law treasure hunters are required to sell recovered treasures to the central bank as they are part and parcel of the country.
Marcos has reportedly conceived of the Asian Dollar, way ahead of the European Dollar to make the various countries of Asia and the Pacific a whole big family of nations with one aspiration (aspirration) and similar goals of a united trade and development. As preparation (preperation) for said Asian Dollar, Marcos has reportedly sent tons of gold deposits to several Asian countries as currency back up (ap), as is the usual practice of most countries to beef up their currencies and national growth. The fate of these gold deposits are still unknown (uknown) but a number of close Marcos (marcos) associates are said to be holding documents for these deposits up for redemption on the proper time. 

We know of the certain (certaion) Sultan Kiram who holds gold deposits accounts in Dubai, Australia and Japan. We also know of a certain William V. Morales who also holds several gold and dollar accounts in Hong Kong, Singapore, South Korea, Malaysia, Indonesia, Taiwan and China. What is mind-boggling is the fact that these deposits cover a minimum of 17,000 metric tons depending on the country of deposit and some $69 billion dollars for just one account only. Also last December, a Zurich-based (Zurichbased) trader was able to corner 1.7 metric (mnetric) tons of the yellow metal from a group of hunters from the Visayas. Just before Christmas, a smaller volume consisting of several hundred pieces of 6.2 kgs, 74.6 kgs gold changed hands in Metro Manila. Some came from Cagayan, Nueva Vizcaya, Negros Oriental, Cebu and Ilocos (ilocos) provinces. A small volume goes to the Central Bank in Quezon City and Baguio. 

The Marcos gold, the one they (tney) got from the Yamashita treasures, are reportedly kept in bunkers in several strategic places. They are currently closed but will be opened in the appointed time. Sometimes, the gate keepers are allowed to bring out one or two pieces to be sold in the local market to enable them to buy their food and daily needs. But it is a big mistake to sell them en-masse, as their lives and that of their families are at stake in the process. 

Wednesday, 21 March 2012

scrapping a computer for gold, platinum, palladium, copper, aluminum

How To Buy Gold Bullion


If you are currently considering the purchase of gold bullion, you need to research your options and invest some time into gaining the knowledge necessary to make an informed decision. To do otherwise is an open invitation to becoming the victim of costly errors and serious consequences at the hands of gold scammers and hucksters.

Bullion consists of a quantity of a precious metal, usually gold, silver, platinum or palladium, assessed by weight and purity, usually cast as ingots, bars, or coins and sold by major banks and gold and silver bullion dealers. Almost all bullion will have a purity of greater than 90%.
Bullion coins, as distinguished from numismatic coins, are minted from precious metal, usually gold, platinum or silver, and bought for investment purposes from major banks, coin dealers, brokerage firms, and precious metal dealers. Their primary value is based on the content of precious metal contained in each item. Prices fluctuate constantly as trades are made on the world’s metal markets. Numbering among the best-known bullion coins are the American Gold Eagle, the Canadian Maple Leaf, the Australian Kangaroo Coin, and the progenitor of the bullion coin, the South African Krugerrand.

Investing in bullion or bullion coins can be a big, expensive decision. Consider the following points:

  1. Know the items melt value. The weight of precious metal in any bullion or collectible coin is widely available. Just multiply the weight times the current spot price, and you will have the melt value.
  2. Find a reputable financial advisor you trust who has specialized precious metals investment knowledge. Try finding other investors, and ask about their experiences.
  3. Shop around. Most banks offer gold bullion, sometimes with a lower markup than dealers. For coins, you can search for other dealers who sell them or you can look at recent sales of the coins on EBay.
  4. Get an independent appraisal of the specific item or assets you’re considering. The seller’s appraisal could be inflated.
  5. Consider any additional costs associated with a bullion investment. Insurance may need to be purchased or a safe deposit box rented, or you may need to arrange for offsite storage to safeguard your bullion. These costs will cut into your bullion’s potential returns. Homeowner’s insurance may have limits on the amount of gold they will insure, or you may need an additional rider – you will need to check with your insurer. Check about bullion or jewelry insurance as a separate policy. You may get a better price compared to a rider on your homeowner’s insurance.
  6. Be wary of buying bullion that won’t be delivered to you, but rather sent to a secured facility by the seller. Without taking delivery, how do you know the metal even exists, is of the quality described, or is properly insured.
  7. Beware of sales pitches that minimize risk or claim that any written risk disclosures are mere formalities required by the government, and therefore unnecessary. Reputable sales reps are upfront about the investment risks involved with your purchase.
  8. Refuse to be goaded into an immediate decision, regardless of the consequences. Remember, bullion is a commodity item, there is plenty of it out there, available from a large number of sources.
  9. Research the seller. Enter the company’s name in a major online search engine. See if other people have something to say about their experiences purchasing from the company. Try to communicate offline if possible to clarify any details. In addition, contact your state Attorney General and local consumer protection agency. Checking with these organizations in the communities where promoters are located is a good idea, but realize that it isn’t fool-proof: it just may be too soon for someone to realize they’ve been defrauded or to have lodged a complaint with the authorities.
  10. Ask for a guarantee or certificate of authenticity for the bullion’s precious metal content. Research the company behind the guarantee or certificate because certificates of authenticity can be faked.

Avoiding Scams and Rip-offs

Gold and silver bullion scams often involve false claims about value, content or rarity:
False Claims – An unscrupulous seller may overprice their coins, lie as to the bullion content, or pass off ordinary bullion coins as rare numismatically valuable collectible coins. Some fraudulent dealers may even try to sell coins that aren’t bullion coins at all or are only plated with gold. Others may try to sell bullion pieces produced by private mints with the same design as coins from the U.S. Mint and the mints of other governments, but in different sizes. Your best defense is to research the market and choose your seller carefully.
Leveraged Investment Scams – Leveraged investments are high-risk investments that can result in the loss of even more money than you originally invested. The typical scam features a telemarketer or website stating the the price of gold is set to skyrocket and that heir special “insider” knowledge with guarantee you significant profits. You need only put down small payment for the metal, maybe as low as 20 percent. This allows you to control more precious metal, and reap greater profits.
You have, however, borrowed money – perhaps as much as 80 percent of the metal’s purchase price – from a financial institution that claims it will hold the metal for you, and charge you monthly storage fees and interest charges. Instead of billing you directly for these fees , your equity in the investment will be reduced an equal amount. If your equity falls below a certain level (for example, 15 percent of the current market price), the financial institution will issue an equity or margin call, requiring the payment of additional funds to bring your equity to their minimum requirement. Failure or refusal to pay results in the lender selling the metal to pay off your loan. If the loan is not fully covered by the sale proceeds, you will get an additional bill for the difference.
Leveraged investments are high-risk because you are subject to equity calls if the price of the metal fails to increase sufficiently to offset accruing storage and interest charges.