Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree2Likes
  • 2 Post By PMBug

LinkBack Thread Tools
Old 12-23-2011, 10:18 AM   #1
Yellow Jacket
Join Date: Oct 2011
Posts: 2,053
Liked: 925 times
Austria´s central bank (OeNB) issues warning about gold certificate scam

Austria´s central bank (OeNB) issues warning about gold certificate scam.
People had been offering 10 kilo gold certificates supposedly issued by the central bank which were backed by nothing. Essentially the same thing the COMEX does.
German article here:
Translation by google:
Quote :
Warning against fake "gold-bearer securities
Fraudsters offering fake individuals "bearer to 10 kilos of gold" to purchase
Vienna - The Austrian National Bank (OeNB) has warned of scams that have offered in recent weeks individuals fake "bearer to 10 kilos of gold" to buy. 10 kilos of gold is currently worth around 400,000 euros. As an exhibitor at the National Bank of this paper was cited, however, in a press release emphasizing that it is this "bearer securities" counterfeit. "The OeNB advises people who receive such records available, much of buying or starting mediation and asked to contact the authorities," says the press release. (APA)
swissaustrian is offline   Reply With Quote
Old 12-23-2011, 10:20 AM   #2
Yellow Jacket
ancona's Avatar
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Hahahahaha to infinity!! Re-Re-hypothecated counterfeit paper promise to deliver non-existent gold! I love it.

What's next? A promise to not sell gold? How much will that certificate cost?
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 12-23-2011, 10:51 AM   #3
Golden Cockroach
PMBug's Avatar
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times
I found a photo of the actual certificates!

swissaustrian and ancona like this.
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Gold Ressource Corporation (GORO): Scam or Hot Stock? swissaustrian Mining 17 10-26-2012 12:26 PM
Pathogenesis of Central Bank Ruin PMBug Fiat Ponzi 5 12-17-2011 03:16 PM
Central Bank Actions in the EU vox Fiat Ponzi 1 12-01-2011 07:28 AM
SLV / JPM forecasts central bank intervention? PMBug Silver Bug 2 11-02-2011 07:34 AM
Russia's central bank to continue buying gold PMBug Gold Bug 0 10-21-2011 05:18 PM

All times are GMT -5. The time now is 07:45 AM.

Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of copyright © 2011 - 2019 Measuring Up. All Rights Reserved.