{"id":29100,"date":"2017-12-22T08:02:55","date_gmt":"2017-12-22T13:02:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=29100"},"modified":"2017-12-22T08:02:55","modified_gmt":"2017-12-22T13:02:55","slug":"gold-efps-absolute-proof-that-paper-gold-is-a-fraud","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=29100","title":{"rendered":"Gold EFPs: Absolute Proof That Paper Gold Is A Fraud"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/investmentresearchdynamics.com\/gold-efps-absolute-proof-that-paper-gold-is-a-fraud\/\">Gold EFPs: Absolute Proof That Paper Gold Is A Fraud<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><strong>IRD\u2019s Note:<\/strong>\u00a0 In the past year, there has been a noticeably substantial\u00a0 increase in the use of the obscurely defined EFPs (Exchange for Physicals) and PNTs (Privately Negotiated Transactions) in the settlement of Comex gold and silver futures contracts.\u00a0 In simple terms, the EFPs and PNTs enable the counterparties\u00a0 a Comex futures contract or LBMA forward to settle the contract in an acceptable form other than the actual physical commodity as required by the contract specifications (e.g. one gold futures contract requires the delivery of a 100 oz. gold bar as qualified by the Comex).\u00a0 As an example, the counterparty that is required to deliver gold under Comex contract terms can deliver a comparable dollar amount of GLD shares if the counterparty standing for delivery agrees to take delivery of the GLD shares.<\/p>\n<p>The EFPs and PNTs plunge the Comex operations into even greater opacity \u2013 likely intentionally.\u00a0 In all probability, the EFPs and PNTs are used to bridge the gap between the amount of gold (silver) that needs to be delivered and the amount of gold (silver) that is available to be delivered.\u00a0 The settlement of the contract occurs outside of the Comex.\u00a0 These contract settlement devices further enable the ability of the western Central Banks to execute the successful manipulation of the gold (silver) price.<\/p>\n<p><strong>*************************<\/strong><\/p>\n<p>In recent months, the issuance of gold Exchange for Physical (EFP) contracts has surged. EFPs convert a physically deliverable Comex gold contract into an LBMA or LME contract supposedly deliverable at a later date ex London and\/or Hong Kong. As an incentive for Comex contract holders to accept EFPs, a cash bonus reportedly is paid. EFPs in silver are also being issued in vast quantities, but we will focus on gold for brevity.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold EFPs: Absolute Proof That Paper Gold Is A Fraud IRD\u2019s Note:\u00a0 In the past year, there has been a noticeably substantial\u00a0 increase in the use of the obscurely defined EFPs (Exchange for Physicals) and PNTs (Privately Negotiated Transactions) in the settlement of Comex gold and silver futures contracts.\u00a0 In simple terms, the EFPs and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[199,1849,950,374,17626,10363,6895,17628,503,1110,1111,17627,17348],"class_list":["post-29100","post","type-post","status-publish","format-standard","hentry","category-economics","tag-deep-state","tag-financial-markets","tag-fraud","tag-gold","tag-gold-efps","tag-gold-manipulation","tag-investment-research-dynamics","tag-lbma","tag-market-manipulation","tag-paper-gold","tag-physical-gold","tag-precious-metalscomex-efps","tag-stewart-dougherty"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29100"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29100\/revisions"}],"predecessor-version":[{"id":29101,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29100\/revisions\/29101"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}