The Squid is attempting to siphon additional funds away from physical gold and silver and the mining shares.
Yahoo reported yesterday that Goldman Sachs has filed an 8K form for the purpose of issuing $15 million in gold-linked bonds due 2013.
Note that these bonds are not backed by gold, but linked to gold's paper futures spot price.
This is an attempt by GS to keep big investors fully in bonds by hoodwinking them to believe they are fully protected from the oncoming tsunami of inflation by "linking" the bonds to gold. Look for this trend to continue as investors are rapidly waking up to the fact that the GLD and SLV may not be the best vehicles to protect one's assets from currency devaluation, as evidenced by the PSLV's premium to NAV reaching 30% Thursday.
Full Goldman filing below:
Form 8-K for GOLDMAN SACHS GROUP INC
6-Jan-2012
Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibits are filed herewith in connection with the issuance of the following debt securities by the Company on January 5, 2012, pursuant to the Company's automatic shelf registration statement on Form S-3 (File No. 333-176914) (the "Registration Statement"):
� $15,000,000 Commodity-Linked Notes due 2013 (Linked to the Price of Gold).
(d) Exhibits.
The following exhibits are incorporated by reference into the Registration Statement as exhibits thereto and are filed as part of this Current Report:
5.1 Opinion of Sullivan & Cromwell LLP.
23.1 Consent of Sullivan & Cromwell LLP (included as part of Exhibit 5.1).
From Yahoo
7 comments:
trial ballon for the latest paper scam
That's okay actually. The more the 'paperhangers' are diverted from opportunities to accumulate and then 'trade' large quantities of PMs (into the vaults of the Banksters), the better situated the devoted 'Stackers' will be in the end. The progressive dissolution of the monetary system is a certainty. However much currency and digital credits these 'big-shots' have command of, their utter ignorance of that mathematical inevitability is the trap they're constructing for themselves to become inescapably confined in. Those who sacrifice illusory 'safety' today, by rather accumulating physical metals, are destined to change 'places' with them. 'Paper Rots, Coin Does Not'.
You always have a way with words Pat! I don't always understand them all, (I have to visit the dictionary quite often). But I always enjoy your posts. Always educational! Thanks!
Thanks, Joe! My usage is 'dictated' by my penchant to choose the exactly correct word to convey my thoughts and ideas. While sometimes I might seem a bit cryptic (I'll readily admit), if one is interested enough to discern my vernacular, I humbly pray they find themselves rewarded with some unique deductive logic that can't be commonly found elsewhere. As for my sentence structure and style, it all comes from insatiable pouring over documents and treatises of the 12th through the early 19th centuries. Infectious stuff, that.
Copy on that Pat. I like to channel Wm F Buckley which I do very poorly but it's fun nonetheless. There is a distinct upgrading to the prose on SD.
Well, there they go again, folks. Yet another bogus piece of paper crap (paper gold sort of attached to a paper maybe IOU) that they hope to foist off onto the unwary. Smacks of desperation to me and I consider that a GOOD sign... a VERY good sign indeed.
Physical gold in hand is always better than paper. Your writing style is indeed interesting. Hope to learn more from you. Thanks.
sell silver
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