Comments for The World Paper Council at http://bullionbullscanada.com , comment 1 to 12 out of 12 comments http://bullionbullscanada.com Wed, 22 May 2013 09:07:51 +0100 FeedCreator 1.7.3 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4182 [quote]You wrote an article to which i responded too. Was the kitco article you referenced a part of your original article? Was it germain to our subsequent discussion. No it was a canard thrown out to help you dodge the fact that you have no rational response to the issues i raised. Well fine .. I musta stumbled onto the wrong board. I'll leave you with a piece of advice that will help promote your career substantially[/quote] Lol! So now we're playing the role of "victim" are we? Nice try. It was a "canard" to take information from the mainstream media showing that bullion-ETF's have SUCKED $300 BILLION out of the precious metals miners and LEGITIMATE bullion-sales? That's more than the current, entire market-cap of all these miners. You registered on our site with what is obviously a phony account, and then you immediately begin to LOYALLY defend these banker-sycophants with absurd claims of "service" to the gold-mining sector. You're not going to get any traction HERE with such tactics. - Jeff Nielson Sat, 18 May 2013 10:57:55 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4181 You wrote an article to which i responded too. Was the kitco article you referenced a part of your original article? Was it germain to our subsequent discussion. No it was a canard thrown out to help you dodge the fact that you have no rational response to the issues i raised. Well fine .. I musta stumbled onto the wrong board. I'll leave you with a piece of advice that will help promote your career substantially... Chris powell is a hagiographer.. all you have to do is put a few word praising the work of the cult leader in every article you write and you will have every them reposted in the gata dispatches... those guys have no shame and you can exploit it and build your career accordingly... I musta have stumbled across the wrong threshold.. There was a jeff nielsen who wrote some very good articles on the financial aspect of the monetary crisis.. I quite enjoyed them but didn't realize your understanding of the gold business was a shallow one... read the chris thompson 2001 one article and learn something... - saywhat Sat, 18 May 2013 07:02:18 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4180 [quote]fact checking I like that... Chris Thompson former of CEO of goldfields is not a miner? How is that? I hope no one on the board of directors noticed cause they put him in charge at Goldfields. Was former head of the WGC Chris Thompson a banker sycophant ? He fought for years and expended $20 million fighting against the banking community and the Sec to get the laws of the land enforced so that the gld etf could be launched. [/quote] Saywhat, you have no credibility. First of all you TOTALLY evaded the material I posted from Kitco: http://www.kitco.com/reports/KitcoNews20130513SB_mining_hoffman.html "...The mining sector has been in a sharp downturn and Hoffman said that the decline actually began with the advent of exchange-traded funds. More than $300 billion in investment capital has been put into gold ETFs alone, which would have otherwise gone to small, mid or large cap miners, he said." Then (laughably) you try to present these Bankers-in-miners-clothing as HEROES for "fighting" to create the ETF's which DESTROYED their own industry. P.S. Pierre Lassonde? No "mining" in his background either. While (at one time) he DID study electrical engineering, most of his credentials are in (you guessed it) FINANCE (i.e. banking). - Jeff Nielson Sat, 18 May 2013 06:27:16 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4179 [quote]This all fits perfectly with a WGC meeting I went to about six months ago in their Brussels HQ (rue de la Science), when they pushed the idea of gold collateralised govt bonds by Italy, Spain, Cyprus, etc to increase debt instrument marketability. They came unstuck slightly when I pointed out that Germany and others were having great difficulty re-patriating their gold from the US, and even more when a visiting law professor pointed out that the ECB in fact has legal control of the gold of any central bank in the Eurosystem, as relinquishing control of your currency and your hard assets is part of the deal for joining the euro in the first place. [/quote] Interesting anecdote Michael! Certainly no surprise to those of us who have followed the Big Miners closely. Had I additional space, I would have added anecdotes about the predatory manner in which these Companies cannibalize the smaller mining companies. - Jeff Nielson Sat, 18 May 2013 06:22:34 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4178 fact checking I like that... Chris Thompson former of CEO of goldfields is not a miner? How is that? I hope no one on the board of directors noticed cause they put him in charge at Goldfields. Was former head of the WGC Chris Thompson a banker sycophant ? He fought for years and expended $20 million fighting against the banking community and the Sec to get the laws of the land enforced so that the gld etf could be launched. The bankers did not welcome thelaunch of the gld etf. They fought tooth and nail against the gld etf's launch. lawsuits et al I hate to upset your apple cart on that one but you have no idea about how the sec and bankers fought tooth and nail to keep the institutional investors from getting access to physical bullion. Say what ..did you know prior to the launch of the gold etf's the major institutions were not allowed to buy and store gold bullion.... Obviously you were studying economics when all this was happening... and by the way are you a miner? Using your own criteria for denying chris thompson's gold mining pedigree has me wondering... Das gut you didn't have the guts to fight with the triumvirate of Julian phillips, ted butler and Adam Hamilton analysis in regard to the impact of the gld and silver etf'son the precious metals markets. It is best to keep your head down...some of your readers have a lot of respect for those esteemed veterans in the analytic industry You appear to have passed on pierre lassonde. You wouldn't want to fall on your own grenade as Pierre has a large following in the industry.... have you ever read his thoughts on the gold etf. In his mind it was designed to take business away from the comex... to destroy its ability control the price of gold. He should know cause he went to the wall with chris thompson to get the gold etf launched... and pierre may be a very accomplished person but a bankers sycophant he is not.. Your specious reference to Chris thompson as an exploiter and what a slave master--inhumane treatment- is just a pejorative thrown out to distract from the fact that chris ran a gold major and you with the same pedigree haven't. Maybe not it looks more like a cover for your ridiculous estimation of chris thompson Here is the real chris thompson the mastermind behind gld and the gold dehedgiing campaign.. scroll down to the third post for this 2001 article.. http://www.siliconinvestor.com/readreplies.aspx?msgid=16324450 gold dehedging was forced on the gold miners by who? gata sat in the beer gardens and did not support the gold miner dehedging campaign in any way whatsover... I saw nobody in the gold community grill jim sinclair when he wrote his open letter to pierre lassonde in regard to passing on the normandy hedge book to barrick because they knew how to make money from hedging... That is when i realized gata was a self serving for profit organization... no cult that was bottom feeding off the dumber elements in the gold community.. kitco huh? the outfit that provided jon nadler'e expertise on gold to the gold community. lol yeah I'm going to rush over there and read that article right away. We are in the midst of a physical shortage of gold bullion. hence the bullion banks and their fed employer are running a massive media campaign to get the physical gold bullion holders at GLD to sell them to dump their gold. They have already robbed the gld holders of 10 million ozs ... and you are going to grab the specious excuse that the institutional investors are not pouring their monies into the gold majors... Don't you think mining management decisions have had something to do with that... you need to attend some lectures on the history of the gold business - saywhat Sat, 18 May 2013 06:03:55 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4177 This all fits perfectly with a WGC meeting I went to about six months ago in their Brussels HQ (rue de la Science), when they pushed the idea of gold collateralised govt bonds by Italy, Spain, Cyprus, etc to increase debt instrument marketability. They came unstuck slightly when I pointed out that Germany and others were having great difficulty re-patriating their gold from the US, and even more when a visiting law professor pointed out that the ECB in fact has legal control of the gold of any central bank in the Eurosystem, as relinquishing control of your currency and your hard assets is part of the deal for joining the euro in the first place. - MichaelJRJose Sat, 18 May 2013 01:50:05 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4176 [quote]Way to go Jeff. Your op-ed pieces, which in my estimation rank among the best found anywhere, has made the big time. Ed Steers, who is one of Doug Casey's main brainiacs in SILVER, has included this piece on his daily blog, "Ed Steers Gold & Silver Daily". [/quote] Thanks for the support Ettienn! It's gratifying to see this article gain wide exposure. As a previous comment here indicated; there are still plenty of readers 'in the dark' about what some of the entities in this sector REALLY represent. We can't ever get the gold-mining sector cleaned up until the management of the major producers become more interested in GOLD than BANKING. - Jeff Nielson Fri, 17 May 2013 03:56:42 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4175 Way to go Jeff. Your op-ed pieces, which in my estimation rank among the best found anywhere, has made the big time. Ed Steers, who is one of Doug Casey's main brainiacs in SILVER, has included this piece on his daily blog, "Ed Steers Gold & Silver Daily". URL below: http://www.bullionbullscanada.com/gold-commentary/26193-the-world-paper-council - ettienn Fri, 17 May 2013 01:24:51 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4174 [quote]and you have been in the gold business how long?[/quote] My, that was quite the tirade! Let's check your facts. YOU say Chris Thompson, CEO of Gold Fields is a "miner". Forbes says he has studied law and economics -- precisely what I studied myself. And I NEVER call myself a "miner". YOU say Chris Thompson is a "hero". The thousands of South African miners suffering from lung disease and SUING Gold Fields over their inhumane treatment would argue otherwise. YOU claim that Chris Thompson and Pierre Lassonde are responsible for the de-hedging which FINALLY (and inevitably) came to the gold-mining industry. I say it was FORCED on the people running these companies by angry shareholders -- years after the bull market started. As for the commentators who defend ETF's; they are simply WRONG. Bullion-ETF's were/are the most-destructive thing to ever come to the gold mining industry. But don't take my word for it. KITCO wrote the same thing a couple of days ago: http://www.kitco.com/reports/KitcoNews20130513SB_mining_hoffman.html THEY claim that ETF's siphoned $300 BILLION out of the gold-mining sector. And that (naturally) doesn't even cover their fraudulent nature, and the blatant conflict of interest of the Custodians. I suggest you get your facts straight in the future before dispensing lectures. ;) - Jeff Nielson Fri, 17 May 2013 00:05:13 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4173 and you have been in the gold business how long? Do you know who chris thompson is? Pierre Lassonde? These are two former heads of the WGC. They are not bankers. They are heroes in the gold community. Chris as CEO of Gold Fields and Pierre Lassonde at nem were the principle driving force behind the Gold miners dehedging campaign. They along with Bobby godsell of Anglo Gold began a dehedging campaign that virtually took about 100 million ozs of gold hedges and reduced them to insignificance. Who have you been listening to. People who sat in the beer garden and talked up anti cabal campaigns but who didn't lift a finger to support the gold miners dehedging campaign. Have you ever heard about about Jim sinclairs open letter to Pierre Lassonde then ceo of newmont... He asked Pierre to let munk and ollie have the Normany hedge book because bunk and ollie knew how to make money from gold hedging.. Pierre looked the other way and eliminatd the normandy hedge and then got rid of the rest of newmonts gold hedge. And Chris thompson wrote the declaration of independence for gold. You see Chris thompson used to be a hero of Bill Murphy and Gata... but he refused to finance gata and Bill got very upset him...Most of gatas ideas on the central bankers can be traced back to chris thompson a former head of the WGC... well you obviously haven't read about the motivation for chris Thompsons then the head of the WGC's move to launch the gold etf's... You know the gold etf which ted Butler, julian phillips and adam hamilton 3 stellar analysts in the gold business have all but said drove the gold price up .... Which anyone can see by comparing the chart of golds move upwards with gld etf purchases...There is real physical bullion in the gld depository audited .. It was purchased in the bullion market.... And the heroes and former heads of the wgc chris thompson and pierre lassonde launched it.... so where do you get off with your facile third grader take down of the WGC.... and you're in the gold business - saywhat Thu, 16 May 2013 18:43:36 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4171 [quote]Jeff: kudos on exposing WGCl the same is true of the Silver Institute. I'm waiting for the big exposure on Barrick's project in the Andes whereby they hedged or sold forward millions of ounces that may never be mined. Hellava short opportunity (the stock is already down 60%). [/quote] Apberusdisvet, one of these days I'm simply going to suggest to you that we switch places. :D :D :D Yes, after noticing how little data remains at the WGC website; I went for a look at The Silver Institute site. At the MOMENT, they still have 10 years of data on display -- however, data from the silver sector is even more "massaged" (lol) than the gold sector. Nonetheless, I did a screen-shot of that page myself -- and then immediately did a post on the Forum titled: Save the Silver (data)!! http://www.bullionbullscanada.com/bulletin-boards/12-gold-a-silver-talk/24225-save-the-silver-data As for the "Barrick" story; those who heard an interview I was involved in at "SGT Report" know that I would not be surprised to see some "astonishing developments" here... ;) - Jeff Nielson Thu, 16 May 2013 08:38:38 +0100 http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council#comment-4170 Jeff: kudos on exposing WGCl the same is true of the Silver Institute. I'm waiting for the big exposure on Barrick's project in the Andes whereby they hedged or sold forward millions of ounces that may never be mined. Hellava short opportunity (the stock is already down 60%). - apberusdisvet Thu, 16 May 2013 07:57:58 +0100