Karen Hudes: Bank of Hawaii storing 170,000 tons of gold

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Is she crazy (start around 14:00 mark)?



You might recall Karen from the tin foil hat thread (several posts): http://www.pmbug.com/forum/f13/tin-...l-perspective-vortex-75/index9.html#post21471

:shrug:
 
She is not alone in these claims ..........

Jim Willie has referenced the huge gold movements that were triggered by the great wars of the last century and many have researched.

Is Karen Hudes deluded or does she try to enlighten the sheeple ?

My instinct is that this is similar to the declared oil deposits and that the truth is all but impossible to establish.

And like oil deposits, we really dont know if they need a shortage to keep prices up or are lying about whats available cos its rapidly depleting ........

They arent building oil refineries though, its all about LNG these days.
 
Maybe that's where Yamashita's gold is stashed. Or, maybe she mistook tons for ounces, which would make the 170,000 number more realistic. A hundred and seventy thousand tons of gold is a pretty significant pile, and to be able to keep it a secret for any amount of time would require many people to be complicit. I would lean toward the non-existence of that much gold in one place, since it defies common sense. The amount of gold on the planet in refined form has been fairly well documented, with the exception of Chinese domestic production and Russian domestic production.
 
Hawaii does have 170,000 tons of coconuts including her. :rotflmbo:
 
I was also thinking she either meant ounces or maybe pounds but tons? If she did mean tons then I think she's definitely a nut job. If she misspoke then she might be a nut job.

170,000 tons = 4,958,333,333.3 troy ounces. Even at only $1,000/ozt that's $4,958,333,333,300 So easily over $5 trillion dollars, enough to cut almost 1/3 off the national debt.

Okay I figured out 5 billion troy oz (cause what's 40million ounces between friends) @ $1300/ozt = $6.5 trillion!
 
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...

rblong2us raises a good and correct point. They are not building oil refineries. One would think that if there were a hint of Bix Weir's huge N. American oilfields, well that .gov would pass along the word to the oil majors...

***

I completely agree with repliers above re secrecy. I worked in the .gov Top Secret arena decades ago for a little while. One of my takeaways was that it is almost impossible to keep secret big & sexy secrets! 170,000 tonnes of gold would count in my book as a big & sexy secret!

"Three can keep a secret if two of them are dead." - Mark Twain (?)

The only exception that I can think of was the Manhattan Project, apparently some 10,000 people knew a fair amount, yet it was kept pretty well under control.
 
Yeah but the manhattan project was short, and they didn't let them out much, and everyone knew what would happen if that one leaked.

I agree - as someone once part of the "intelligence community" - secrets like that are more or less impossible to keep. Most of them are for CYA anyway.

The news of internet backbone taps being installed at all the major carriers broke a few years before Snowden, for example, and I made money trading the stock of the people making them in fact. The techies all talked about how cool the tech was, it was obvious what it was for, at least to me. Of course, the guy who snuck into the "secret room " at AT&T and took pix got fired...but I have the pix and his writeup, things like that are hard to "disappear" on the internet.
 
11C1P said:
170,000 tons = 4,958,333,333.3 troy ounces. Even at only $1,000/ozt that's $4,958,333,333,300 So easily over $5 trillion dollars, enough to cut almost 1/3 off the national debt.
Click to expand...

its only valued $42 an ounce - :rotflmbo:

Department of the Treasury
Financial Management Service
STATUS REPORT OF U.S. TREASURY-OWNED GOLD
August 30, 2013
Summary


Gold Bullion 258,641,878.074 Fine Troy Ounces = $10,920,429,098.79 Book Value
 
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"A married couple was cleaning out their closet after their 50th wedding anniversary. After clearing out most of the junk, they found a shoe box with $10,000 and a coconut in it. "Whats this?" the wife asked. The husband replied, "Every time I cheated on you, I put a coconut in a shoe box." "Well", said the wife. " I guess one coconut in 35 years isn't that bad. What's the money for?" The husband admitted, "Everytime the box got full, I sold the coconuts." :banana:

source: http://www.jokes4us.com/miscellaneousjokes/foodjokes/coconutjokes.html
 

That must be adjusted for bureaucracy? Just think how much money has been spent over the years guarding it, moving it around, counting it, moving it again, and everything else, so that by the time they get an oz on the market it's only gained them $40 some dollars. Hey at least they aren't losing money on it right?
 
But those expenses were paid in funny money, which is free.
 

:rotflmbo:

:shrug:
 
Bank of Hawaii

PMBug said:
:rotflmbo:

:shrug:
Click to expand...

Hi,
Thanks for checking. :clap:
Out of interest you might like to check out:

http://www.telegraph.co.uk/finance/markets/8335336/The-countries-with-the-largest-gold-reserves.html
for a list of the gold reserves held by the top 10 countries.

For some BoH customer comments:

http://www.yelp.co.uk/biz/bank-of-hawaii-honolulu-18

This seems like an attempt to mislead but then and again if the boys at the BoH have strong boxes they can have tons stashed away without them appearing on the BoH balances. You would not normally know thats how a bank measures its holdings and they will not going opening the strong boxes to tell you whats in them!
Personally I think there is SOME truth in the story but would want to see another independent confirmation.
 
Aubuy said:
Hawaii does have 170,000 tons of coconuts including her. :rotflmbo:
Click to expand...

Sounds sooooooooooooooooooooo stupid! ffftt:

170,000 tonnes? Really? :rotflmbo:

And Iran has a stealth fighter made from plastic...

Is someone keeping that much gold a secret?
What's it good for if it's just being held there?
With that kind of money anyone could buy up the USA or simply back the dollar by gold...

And where's all that gold being held? Imagine the immense installations they would need just to hold it, move it and guard it...

Oh yeah, and there's Bigfoot in the mountains. 170,000 bigfoots to be more exact, just that they're strategically hiding.

Stories for idiots ffftt:
 
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