Gold Buying Contributing To Criminality?

[AntaresInScorpius]

i have a good amount of gold, and anyone who keeps gold in their home deserves to have it stolen. Get a damn safety deposit box. Yes it can still get broken into, but much less likely than your home to get broken into.

[johnu78]

@AntaresInScorpius

I wouldn't suggest keeping it at the bank. Be more creative with your hiding spots.

[AntaresInScorpius]

@johnu78 it's a hell of a lot better than under the bed. How many times to people break into other peoples safety deposit boxes?? it happens, but a hell of a lot less than burglaries into peoples homes. I have had 3 burglaries in my lifetime, but my safety deposit box at the bank has NEVER been broken into.

[johnu78]

@AntaresInScorpius

In the 1930's the U.S. government confiscated gold held in bank customer's safety deposit boxes. That's the main reason I argue against keeping your valuables at the bank.

[aybesee123]

The end of the video threw me off. What do you mean "who is at the top of the gold buying pyramid?" Why does it have to be one person? It is an industry. Gold scrap goes to many different refineries throughout the country and then to mints. After that back to end users. The increase is simply the demand for an inflation hedge.

[johnu78]

@aybesee123

Can you prove that?

[aybesee123]

@johnu78 Prove what? That the demand for gold has risen over the last few years? That gold goes from these buyers to refineries? Or that gold goes from refineries to mints and end users. Do you think there is some crime boss sitting in a golden throne chuckling somewhere as he waits for his shipments to come in from the countries shady pawn shops? Well you right, it's the comex. =)

[LysSpooner]

go after thieves. don't restrict free commerce

governments are the biggest plunderers and would be handing out the permits

do you propose licensing yard sales? or gold SELLERS? how about silver, jewelry or art buyers and sellers?

[johnu78]

This gold buying scheme stinks to high heaven. There is way too much about it that we don't know, especially what company is at the top of it, and how this company receives its money to buy all the gold.

Thanks for watching and take care.

-John

[LysSpooner]

I agree, those people are repulsive, but that's the stink of freedom my friend

[1uselesseater]

VERY GOOD INSIGHT

[DillonX]

Some of the gold sold is of course stolen, but over 90% is just from ppl wanting to take advantage of the high price.

Should gold hit $1200 again then you'll see a lot more sellers in the USA and elsewhere.

[skybirdbird]

great report......just one critique.....it was not necessary to portray the criminals as black...........i am sure there are many ethnicities involved in this.....

[markynj]

I am a fan of johns videos and reporting, he is a young star n reporting waiting to be discovere, but as you have pointed out, it was not necessary or pertinent to portray one ethnic group as criminals, we have enough white trash stealing and selling gold amongst other things as well. maybe he could have got his point across as well using a group of ethnically diverse gangs , criticism is not meant to be politically correct, but as a film maker he should have known better.

[skybirdbird]

yes.....i like his work.......but i am very sensitive to these types of things lately as i believe people are trying to divide us.....i felt compelled to point it out....

[aybesee123]

@skybirdbird Can someone use a photo of some street thugs as a reference without being labeled a racist nowadays? What race would have been acceptable for him to have used as an example. Maybe you would prefer he photoshop them rainbow to appease your sensitivity...

[MilanTbay]

Awesome vid.

It happens every time a currency is devalued, people start hording gold instead of cash.

Personally, I'm hording cans of beans, kraft dinner and water. Will be selling them pound for pound for gold in a year or two max.

(Kidding What do I need gold for? It's only value is what we've attached to it. Just another illusion.)

[aybesee123]

@MilanTbay Oh the irony, the fact is the only illusion is the value you have attached to paper currencies. The dollar was once backed by gold and that fact earned it world reserve status. Once we came off the gold standard is when the problems began to hatch. Money is nothing more than a measure of trade. What good is a measure of trade if you can print all you want? It must be backed by something that is not finite. You may not understand this post now, but you will within the next 5 years.

[MilanTbay]

@aybesee123

I fully understand your post now. And its true. Money held a tangible value when backed by gold. But gold is another commodity. It's value is attached only to our perceived worth. If people woke up and realized they have no need for it, it's worthless. In 5 years if everyone is scrounging for food, you might see how worthless gold really is.

[aybesee123]

@MilanTbay how do you figure there is no need for it? Do you suggest we move back to barter? Barter is a pure form of trade, but what if you have a horse to trade and I have apples? Do you want a 1000lbs of apples that will spoil in 10 days? You must have some kind of measure of trade that is not limitless. Commodities make the best measure and metals trump all commodities. If you made wheat the backer you would have every farmer growing only wheat.

[aybesee123]

@MilanTbay Not all countries will scrounge for food and those who are not will be the places to trade with. Not all will fall at once. Its like a scale, your pull wealth from one part and another part is allowed to rise. There are places in the world where people rise each day and toil in their garden, feed their livestock and live frugally. Some people live off a dollar a day or nothing. In the collapse of Russia many lived without money at all. But gold, silver and barter were always present.

[aybesee123]

@MilanTbay Oh the irony, the fact is the only illusion is the value you have attached to paper currencies. The dollar was once backed by gold and that fact earned it world reserve status. Once we came off the gold standard is when the problems began to hatch. Money is nothing more than a measure of trade. What good is a measure of trade if you can print all you want? It must be backed by something that is not infinite. You may not understand this post now, but you will within the next 5 years.

[mja2035]

Hey John, Professionally done report! Nice Job. This is an under reported problem, I'm glad you brought it to light. Companies buying gold should have to video tape the transaction. The gold items and the person selling it, so the local police can review it, like they have time for this.

[johnu78]

Thank you very much.

I like your idea, I think it would do wonders to curb illegal gold buying.

Take care,

John

[jimbobubbadj]

We are transforming from the dollar era to the gold era. Gold is real and it is money. The dollar is fiat, fake and is not backed by anything. I am against theft of people's property and law enforcement should prosecute the thieves. People should protect their property better as well. Many simply leave their valuables in the dresser draws or on the counter, etc.

[bohemianh]

most likely greedy jews, they run the diamond trade, jews are trying to collaspe the american economy. Greenspan, bernake, obamo I know more people living on credit cards, not paying their mortgages, losing businesses, having a tuff time. I see the homeless expanding faster than any time in my life I'm 39.

[rhnegquest]

There are good and bad apples in every segment and race. Interest rates were to artificially low, people were greedy, with little or no down payments to speculate on huge mortgs and an appetite for buying inexpensive foreign goods while not patronizing their local mom and pop family run shops, as well as not buying goods made in their home country. Everyone has had a hand in the decline.The politicians should have administered the bitter medicine of restraint/ doubt the mob would have allowed it

[bohemianh]

keep drinking the Kool-aid while you can afford it

[rhnegquest]

Utopia-Some people are Libertarians, they believe in the right to defend themselves with a gun. They believe in taking responsibility about their own health care.They believe in a free market to conduct business.Mortgage?Why would any sensible Libertarian not trade his pack of kool-aid or other 1$ equivalent , and purchase a paid off home in Detroit, where all Libertarians can all live together and practice all of the above mentioned Libertarian traits?Refer to CBC youtube of Detroit.

[bohemianh]

Well, I am not moving to Detoliet, I've went to MI Flint and upstate UP about a year ago, I'll pass on living in africa, even with my guns! :)

[markynj]

another misnomer statement, where we sell our gold to here in NJ,  most are Egyptian buyers, (Arabs) so with that said we can spread the greed factor around a bit.

[markynj]

another misnomer statement, most of the gold sold in New Jersey/New York is to Egyptians, (Arabs), Gold dealers, who happen to be very nice people, but they are out to make a buck like everyone else, so think about it for a moment, there is enough greed to go around.

[bohemianh]

jews run the jewelry stores, pawn shops fancy to discount slums in Tampa / Clearwater area. Chain stores run by Fred Meyers jewish dept store chain.

[Zorn101]

Maybe Law enforcment should start buy gold and we can solve 2 problems at once. the police short fall and the theft problem

problem solved..... Good job!!!

[johnu78]

Great idea! :o)

[deanphilpot]

The big crime is the tungsten  gold bars. This that all we have left in Ft. Knox?

[rhnegquest]

It would be nice to address some interesting stats and quantify legitimate quantities of gold being held by governments and investment firms..Depending on what source, wiki, total gold mined in the history of the world up to 2009 is about 161 000tns,or about equivalent to a 20 meter cube. Largest consumers of Gold; very old culture, India, purchasing 800 tons per year.

[rhnegquest]

Furthermore throughout history and into our time Gold has been used a way of storing wealth and keeping Political leaders honest.Gold should not be used to back a currency but rather traded in the open markets and used as a proxy on the honesty and integrity of those who are in charge of running the economy. Golds price is a reflection of Honest and Ethical actions of Leaders, barring a cataclysmic event , kinda of like a report card on their behavior.

[rhnegquest]

Ive enjoyed your vid's, being in Can/Ont. we are not shown any of the footage or real life experiences, on MSM,that you are able to share with the world, thanx for that. However I would not equate gold with criminality in any way in an open market. It was said that Vlad the impaler had a Gold cup in the city center of Tirgoviste. Morality dictates fraudulent transactions, not gold.Gold is only the convenient medium. Other times people become creative and resort to trading illegal Human Organs.

[johnu78]

Thank you for your comment and for watching.

I'm not against gold buying and I'm a firm supporter of people owning gold, but I am against the explosion of gold buyers in our country. I'm confident that many of them are unregulated and are purchasing gold outside of the law.

Take care,

John

[rhnegquest]

Unregulated? Have you heard about tungsten used to forge 400 oz bars? An full audit across the board, in who has what, would really help. I can tell you in Canada the directors of our Mint wanted their corporate performance bonuses , this after a quantity of gold went allegedly missing. Apparently a flawed inventory count was done. Who really knows what kind of hanky panky is going on. thanx. again for your effort in making the vids

[UTEPKSC]

Who is at the top of the list to buy gold? Perhaps CHINA?

[johnu78]

Anything is possible. Thanks for watching! -John

[edmack4me]

NWO?

[skyding8962]

I wonder if Geroge4titles "Friend" who buys all that gold is legally doing it.

[johnu78]

I'm hoping this video will make people think differently about the massive gold buying and how its having a negative effect on the economy.

Thanks for watching and take care. -John

[Astrocreep69]

@skyding8962 George is a fear mongering opportunist fraudster.

[skyding8962]

LOL your not telling me anything I don't know. Just curious if that mike character he is always promoting and trying to get gold referrals through George is even legal.