 |
Swiss banks running out of storage space for gold bullion
Mineweb
Friday, July 17, 2009
In a note entitled No more space for Gold Bars, Swiss news website 20 Minuten Online reports that Swiss banks are running out of secure storage space for gold bullion held by investors and institutions. Fears of hyperinflation, the economic downturn and the success of gold index funds (ETFs), which are supported by physical gold, has led to a run on precious metals investment – and in gold in particular, and in the necessary secure storage space in which to hold it..
One Swiss bank, earlier this year, reported that it was having to relocate some of its stored silver bullion to another site to make room for gold. The Zurich Kantonal bank put this down to the success of its gold ETF.
The website reports another Swiss investment banker despairing “We have the need to store more gold for our clients but are finding it difficult to find secure storage facilities”. Gold storage makes high demands on security which is what is making the gold holding task more difficult. Few banks will divulge exactly where their gold is stored for security reasons.
(ARTICLE CONTINUES BELOW)
Another banker reported that his bank still had space but that it is beginning to run out.
Some of the problems are being handled by improving the storage systems in existing space. As one banker commented “A 12.5 kilo gold bar only occupies about the same amount of space as a tetrapak of milk”.
Prison
Planet.tv Members Can Watch
Fall Of The Republic
Right Now Online -
Don't Miss Out! Get
Your Subscription Today!
CANCER CONSPIRACY? Are
"they" suppressing the cure? Will YOU
be the next victim? Learn
the Secret Truth! - READ FULL STORY
-
- Social bookmarks
- Email this article
-
- Print this page
67 Responses to “Swiss banks running out of storage space for gold bullion”
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | |||||||
| By N2H | |||||||||||||||||||||||||||||||||||||||||
July 17th, 2009 at 9:25 am
More and more gold being bought. People taking posession of physical gold. Comex keeps the price between 900-1000 dollars (US). No market manipulation here! LOL
Bill Reply:
July 17th, 2009 at 10:06 am
I have been waiting over 3 months for an IRA order to fill. I question if they can get it. If the price is where it should be there would be no shortage.
used to be proud Reply:
July 18th, 2009 at 3:21 am
I think the u k can help here !
We have plenty of room in thread needle street , since Gordon Brown sold £3 billion worth of gold when the price was rock bottom .
we can now put £6 billion in the same space
So perhaps he is not so stupid after all !
http://www.timesonline.co.uk/t.....655001.ece
What a d**k head
WHO NEEDS GOLDMAN SACHS WHEN WE HAVE GORDON BROWN THE UNELECTED DICTATOR OF THE UK.
THIS IS THE GUY`S IN CHARGE OF OUR ECONOMY PMSL !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Snafu-Again Reply:
July 18th, 2009 at 3:33 am
I have a spare room they can use at my place.
Bill Reply:
July 19th, 2009 at 11:45 am
I have been offering too. Still waiting to hear…
protester Reply:
July 19th, 2009 at 5:53 pm
Scary stuff…………. This son of a gun OBAMA is part of the dirtiest part of this long term plan of the destruction of The United States of America and we can’t let this go on anymore… This is a tremendous push towrds the total end of us as we nknew us… The mandatory vaccination is the scary part. I think we should put together a fund to test in an indepedant laboritory a sample of the h1n1 vaccine and fingd out what is in there…
Hey Alex are you listening ??????????
Michael
http://www.thegrandawakening.com
billy bob Reply:
July 18th, 2009 at 12:18 pm
we as proud Americans feel that for the sake of all the dead americans of 9/11 and the terrorist threat of the Swiss having the n-bomb that we should make a PRE-emptive strike of Switzerland and secure the said asset so that the Muslim terrorist do not get their hands on it and buy more AID’s to blow up the pentagon again.
Luke Reply:
July 18th, 2009 at 1:28 pm
Live in New England? Patriots and believers who want to network with like-minded people, come join the Northeast Watchman Discussion Group, sponsored by the Vermont Freedom Campaign.
Share news, survival tips, alerts, and make local and regional contacts in the northeast. Firearm enthusiasts are welcome. Just follow the link.
http://groups.yahoo.com/group/vtfreedomcampaign
RESIST Reply:
July 18th, 2009 at 1:35 pm
I still don’t understand why gold is held in such esteem. It’s absurd. It makes us look like monkeys. Oooh. Gold. Wow. Diamonds. Wow.
RESIST Reply:
July 18th, 2009 at 1:37 pm
Seriously, can someone explain why gold is so valuable?
SpeakUpFightBack Reply:
July 19th, 2009 at 7:37 am
Can you explain why slips of paper marked by government ink and incantations are so valuable?
“If they can get you asking the wrong questions, they don’t have to worry about the answers.” – “Gravity’s Rainbow,” Thomas Pynchon
The question that needs to be asked is NOT what is/should be valuable (paper/gold), but instead, why is ‘money’ valuable/important to society?
Money facilitates ‘trade’, which is a vital part of a peaceful and prosperous people. Trade allows individuals to specialize in areas of interest/aptitude and allows for free time. Otherwise, the individual would need to hunt for grub, build shelter, etc. Trade has always been a function of multiple communities and thereby the vehicle of trade, the money, needed to be widely accepted and trusted measurement of value across numerous/various cultures. Many items have been tried, but gold and silver have outlasted them all. They have inherent value as commodities used for jewelry, these metals don’t rust or otherwise wear easily.
For more information on the history of money/banks, you should read:
‘How you can Profit from the coming devaluation’ by Harry Browne
‘Whatever Happened to Penny Candy?’ by Richard J. Maybury
Or if you prefer comic books:
‘How an Economy Grows and Why It Doesn’t’ by Irwin A. Schiff
July 17th, 2009 at 9:50 am
I volunteer to hold anyones gold, once they run out of space.
No To NWO Reply:
July 17th, 2009 at 6:18 pm
Thank you Sir! I will ship it shortly. What is your address?
limey obama Reply:
July 17th, 2009 at 10:13 pm
cern ?
July 17th, 2009 at 10:03 am
I just found out from GoldStar that HSBC will no longer hold IRA metals at their facility in NYC. It’s all being moved to Delaware. They say they are running out of space but one wonders if they need the space to stash their own. I’m kind of glad it’s leaving NYC myself.
July 17th, 2009 at 11:32 am
I have have plenty of room in my safe!
bob
July 17th, 2009 at 1:37 pm
DON’T WORRY GOLDMAN SACH’S JUST SCORED OVER 3 BILLION IN PROFIT
THEY CAN BUY A BOAT LOAD OF THAT GOLD.
July 17th, 2009 at 2:01 pm
I wonder how much of the gold was stolen from fort knoxx?
No To NWO Reply:
July 17th, 2009 at 6:19 pm
All of it!
airborne Reply:
July 17th, 2009 at 11:51 pm
You mean , ” how much gold plated lead do they have ??? ” LOL !!!
AlteredState Reply:
July 18th, 2009 at 11:24 am
There was gold stolen at fort knox? When did this happen?
steve Reply:
July 19th, 2009 at 2:38 pm
I would assume all of it is gone. I’ve even heard from some friends in the military that we are removing troops from fort Knoxx as there is nothing left to protect there.
July 17th, 2009 at 2:14 pm
It sure would be great FUN to know how many gold bullion there are in our FT. KNOX, huh ??
SpeakUpFightBack Reply:
July 19th, 2009 at 7:47 am
There is no gold at Ft. Knox.
It is going to be fun (assuming I survive) to see the food riots here and abroad lead to people raiding the Vatican, Ft. Knox, etc. I can’t wait to see the YouTube clips showing Ft. Knox empty and the Vatican full of ancient knowledge. Meanwhile, the MSM will continue with the fluff.
It’s going to be an entertaining winter!
July 17th, 2009 at 2:42 pm
“I wonder how much of the gold was stolen from fort knoxx?”
None, there wasn’t any left to steal
S.Bonn Reply:
July 17th, 2009 at 3:27 pm
ahhh fianaly an awake american!blessings to you sir!
July 17th, 2009 at 2:47 pm
I wonder how much gold is in fort knox? that would seriously be the craziest thing to know, like ever!
John Reply:
July 17th, 2009 at 11:41 pm
I was stationed at Fort Knox…he is right…there was not any there to stael!
July 17th, 2009 at 2:51 pm
That’s important news. If most people knew banks were starting to save their holdings so far as to stuff Swiss vaults up to the ceiling, there would be a huge panic, and this time, removing money from the banks would do anything at all, since we’re talking about hyperinflation and the Dollar downing.
Perhaps the Sterling as well, since the UK has finally been forced into the EU, and a strong Sterling is the last wall against Euro supremacy and the resistance of the Britons.
The question would be what are people with small saving to do? What we have today in Sterling could be worth a hundredth of that around September.
July 17th, 2009 at 3:04 pm
Running out of secure space? Cash in some gold and call the construction company.
July 17th, 2009 at 3:13 pm
CLICK CLICK…The jeep is ready, who’s coming to help the Swiss out with their GOLD problems????
July 17th, 2009 at 3:23 pm
What is the trip with September???
School me!
July 17th, 2009 at 3:31 pm
Just got word we lost the lease on our gold claim. Don’t guess I’ll need any extra storage space after all.
July 17th, 2009 at 3:55 pm
man with the most gold in his pockets, runs the slowest…. First ones to get lynch mobbed. Hoard all you want, hell dosent accept it.
July 17th, 2009 at 4:17 pm
Thats what I’m thinking. If the economy truly collapses like every here on Prisonplanet seems to think it will what good is gold going to do you? You gonna try to trade that shit for something. Sorry I have real assets like food and water stored up in case of a real emergency. Because in reality if the shtf gold isn’t gonna get you anything for trade. I mean if shit got real bad I wouldn’t trade a single pound of my food for any amount of gold.
David S Reply:
July 17th, 2009 at 4:28 pm
There is a lot to be said for that. To a starving man a can of beans is more valuable than a pound of gold.
John Reply:
July 17th, 2009 at 11:43 pm
I agree…and I have always felt the same way!
steve Reply:
July 19th, 2009 at 2:41 pm
Well, obviously the assumption is that you store up any wealth you have AFTER taking care of all your basic survival prep. Then your gold protects your future. And you keep silver for basic trading in the interim.
July 17th, 2009 at 4:25 pm
from what ive read abought gold is all the gold mined in the world will fit into to olympic swimming pools. so if this is true this is a bullshit story
used to be proud Reply:
July 18th, 2009 at 3:50 am
NO ITS BULL!!!
More than 193,000 metric tons (425 million pounds). If you stuck it all together, it would make a cube-shaped, seven-story structure that might resemble one of Donald Trump’s buildings. First you’d have to find all those rings that have gone down the drain.
BIT BIGGER THAN A SWIMMING POOL
http://www.space.com/scienceas.....722-9.html
Bill Reply:
July 19th, 2009 at 11:49 am
Isn’t that approximately the same?
steve Reply:
July 19th, 2009 at 2:42 pm
ok, stop drinking tap water NOW, seriously.
July 17th, 2009 at 5:27 pm
Planned bank holidays for the first week in September, that’s the word for Sept.
Gold is being horded for a reason. If they are running out of space to store the stuff, geeze it must be real bad, whatever is coming. I believe the dollar is going to be replaced and all you have saved up will be close to worthless. That makes having gold a logical move. Again growing your own food will be priceless if TSHTF.
July 17th, 2009 at 5:36 pm
You’re all exactly right !!!! Glad to know I’m not the only one that thinks clean water, food & ammo will be the most valuable commodities. You sure can’t eat gold. Old story I heard long ago abt. a rich man & his hired man. The slave went to work somewhere else or something. Rich man needed to heat his house. Anyway, the punchline was ” money I have, it’s firewood I need”.
used to be proud Reply:
July 18th, 2009 at 3:53 am
But if the economy’s do collapse the rich will still be rich when we recover .
The poor will have lost everything .
Bill Reply:
July 19th, 2009 at 11:52 am
Sounds to me it would be a good idea to have both food and gold (and some cash, some guns, some ammo and some silver). I mean you aren’t restricted to having just one.
There are lots of scenarios possible, even everything turns out OK. Eat the food and pass the gold down to your kids.
July 17th, 2009 at 7:08 pm
There are just 160 000 tons of gold in circulation around the world, that put all together can fill a cube of 20 meters by side: so how much space do they have and how much of the 160 000 tons they possess?
July 18th, 2009 at 1:18 am
Gold is great… Silver is waaaaay better.
Ok, ok… Food is great too. When its gone whatcha gonna buy more with?
Don’t forget ammo… Important too.
Food to survive
Silver to barter
Guns to protect both
AlteredState Reply:
July 18th, 2009 at 11:33 am
Has anyone heard of H.R. 2749? I think there needs to be more talk about this subject. I remember,Jason talking about a few ago,but that was it. People look it up for yourself and call your state reps,senators,and congressman. We have to get this bill stopped. or else there’s no point of growing your own non gmo foods. SERIOUSLY!
Jake Reply:
July 19th, 2009 at 6:17 pm
Have ya’ll never heard of hunter gatherer? WE all have it in us but we have become so manipulated we can’t see the forest because of the trees.
July 18th, 2009 at 2:41 am
http://911essentials.com says Switzerland is surrounded by mountains and all the tunnels going into the country are mined and can be closed down within minutes, sealing off the country.
I can’t imagine that they are running out of space … but there might be more gold than we think.
Let’s do an audit of Fort Knox too and see where all this gold really is ….
911essentials is a primer portal introduction to the New World Order Corporate Banking Police State, its plans for one world government and their worship of the fake science Eugenics.
July 18th, 2009 at 2:56 am
A miracle, turning paper into gold!
Dave Reply:
July 19th, 2009 at 11:54 am
Midas, eBay or a coin dealer can accomplish this…
July 18th, 2009 at 5:13 am
The play is like this: bank holiday in September (that’s why things are getting quiet quick right now and people are doing staycations). Then in October, hyperinflation starts (the wealthy are already being warned about this). You only have a month and bit to get it together.
July 18th, 2009 at 6:26 am
Remember, politicians will tell you that they CANT get access to Fort Know without permission…permission from who?
July 18th, 2009 at 10:11 am
What a terrible problem for those bankster! I will give up some more of my rights, and pay some ekstra taxes so the bankers can solve this problem.
uh-o
Im all running out of rights and money.
July 18th, 2009 at 1:01 pm
I’ll hold some of the gold for them. Can’t say they’ll get it back though!
July 18th, 2009 at 5:10 pm
From what I understand the US leased its gold to the IMF. The IMF took physical possesion and pays the lease then congress gives them permission to sell the gold as they continue to pay the lease. That has really got to help the dollar since at the same time there has been a mass printing of paper money. You will notice if you go to get a loan there is not much money available to borrow yet they gave all of these banks money?? The one thing that makes it just a little suspicious is the fact that oversight and accountability is not permissable for this transaction.
Once the crooks achieve the delfation via forced liquidations depression etc the will crooks have the not yet worthless paper money to buy up the country for nothing. Once bought look for the dollar to crash then they will have the gold too. Hey, I am just a garbage man I aint one of dem smart fellers from Wall st. or a plumber or nuttin like that.
July 18th, 2009 at 10:15 pm
Well. get ready for hyperinflation. FU@KKK.
July 18th, 2009 at 11:01 pm
If yall aren’t too busy feeling undefeated and like crap right now, I thought I would tell you that a 2,700 year old 2 pound stash of Marijuana was found in a man’s casket in Mongolia.
http://dsc.discovery.com/news/.....stash.html
Now that was the good ole days.
July 18th, 2009 at 11:01 pm
woops, I meant defeated,lol
July 19th, 2009 at 6:45 am
ahahah hilarious
switzerland the official neutral security of the robber barons murders and thieves aka “religio.politicos” AKA “GOVERNMENTS, STATE AND STATUS QUO ESTABLISHMENT speak about “fiscal havens and offshores”
WHAT BETTER PLACE TO HIDE THE RACKETTERS OFFSHORES AND FISCAL HAVENS THAN RIGHT IN EVERYONES FACE AND THAN MAKE IT LEGAL BY GIVING IT “SOVEREIGN LEGITIMACY”, JUST LOOK AT THE FLAG THAT FLIES IN SWITZERLAND DUUHHH !!!
AND REMEMBER THOSE PURPLE AND YELLOW ASSHOLE PRICKS “PAPAL GUARDS” ARE SWISS MERCENARIES !!!!!!!!!!!!! DUHHHH!!!!!!!!!!!!
July 19th, 2009 at 9:46 am
the aMERICAN people are now the gold mines .. send them your gold they send you what they think it is worth … zombie america
July 19th, 2009 at 10:38 pm
The Fed and World Bank/ Country Banks are Dumping gold bullion into the market to maintain/offset the price of gold. Sooner or later they will Run out of their reserves and gold will sky rocket. Buy Up. Better Gold under the mattress then Cash under …
0.02 $
July 20th, 2009 at 6:40 am
GO COWBOYS!
July 26th, 2009 at 2:19 pm
Начало хорошее! Добавил в закладки – прочитаю чуть попозже.
July 27th, 2009 at 12:51 am
Интересный пост. Добавил в бобрдобр.