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Jon Nadler – Kitco – Part II

Do you think it never occurred to the Oppenheimers and their German-American partner Charles W. Engelhard Jr. [1917-1971] who first arranged the meeting between Harry and President elect JFK right before JFK was sworn in as the 35th President of the United States when he had JFK and his wife, future Jackie O, as his quests at his private chalet, Camp Chaleur in Quebec, that having totally nonsense diamonds replacing gold as the backing of the soon to be unlimited amount of $ credit available throughout the world, it would lead to that much civil unrest without anyone including the Greeks being able to point a finger at anyone other than the US Government that has been doing the bidding of the Oppenheimers?

If you were President Obama or one of the Republican candidates running for President and you were shown this photo below of Putin who like Marc Rich keeps his stash in Zug, Switzerland, bowing

to Nicholas, would you say to yourself, “Nicholas Oppenheimer is more of an expert on economics than me, and I would listen very carefully what he has to say about how his family’s De Beers-Anglo American Corporation and all their tens of thousands of affiliate defense/offense contractors bring stability to the diamond market that would otherwise be chaotic”?

What do you want to know about the October 1917 Russian Revolution that you cannot find on my website 2facetruth.com?

Can I count on you to prevent the US Government-Oppenheimers from shutting down 2facetruth.com?

Ps – after I return, I will be following up with Figi’s Ministry of Lands and Mineral Department, how do you think I should begin?

[Word count 2411]

On Feb 21, 2012, at 4:10 PM, Jon Nadler wrote:

Yes, I do not. I thought I was being very clear.

And, when Fox News, and/or O’Reilly and/or Ron Paul and such come into the equation, you totally lose me.

A Kitco senior analyst does not a gold shill equate. I have been in this business for 37 years now and
no amount of anti-Fed and anti-gov. fear mongering and paranioa and conspiracy theories (Glenn Beck comes to mind with his epic God, Gold & Guns rant) will alter that which I know to be true about gold. BTW, I have never (since 1972 mind you) been without a basic gold holding in my portfolio.

I am all for a core 10% gold insurance position for anyone with assets worth protecting.

On the other hand, I am convinced that you, and many others, will do far better by exploring
the high tech and real estate opportunities that you firm tracks down.

Gold is not a panacea
for what ails the world.
Gold is not an asset that should ‘perform’ and enrich one.

Gold is simple ‘life insurance’ for your other assets. Is your life insurance policy 50% of your assets in premiums? Do YOU hope to cash in on your life insurance
policy anytime soon? I do not.

I hope this settles matters.

Sincerely,

Jon Nadler

Senior Analyst
Kitco Metals Inc.
North America

US & Canada Toll-Free: 1 (877) 839-8036
Websites: www.kitco.com and www.kitco.cn
Blog: http://www.kitco.com/ind/index.html#nadler
E-mail: jnadler@kitco.com

——
From: Gary S Gevisser
Date: February 21, 2012 3:13:25 PM PST
To: Jon Nadler
Cc: rest; Jeffrey Krinsk
Subject: Re: US gold

“I do not”?

Explain how you can say that the US did not default on its promissory note obligations as our trading partners such as China, when paid with US $s prior to August 15, 1971 were led to believe that at any time, while they held on to those monies, they could cash them in for gold because a significant part of the deal with the acceptance of those monies was that they were backed by gold otherwise they were only backed by the “good word” of those printing the money, but following Nixon’s speech that was no longer the case, was it not?

In other words, the US Government lied when saying they could exchange those $s in to gold, which meant they couldn’t trust the US Government, does it not?

Would you agree that if you lie once, you are prone to lie again?

BTW, I don’t need to read any book or article other than Alan Greenspan’s classic 1966 essay GOLD AND ECONOMIC FREEDOM which I have; and second, I am speaking to a Senior Analyst for Kitco a branded product.

Ps – I include Mr. Krinsk in part because he assisted in editing this piece below:

From: Gary S. Gevisser
Sent: Tuesday, July 23, 2002 6:10 PM PT
To: Bill O Reilly – Fox News
Cc: rest
Subject: Epilogue to Manager Minute One

The collapse of the stock market here in the United States is all but certain. It makes no sense that a publicly traded company should be valued more than a private business which generally sells for between 3 and 5 times predictable earnings plus liquidation value, i.e. “less godwill blah blah” [sic]. And remember management of private companies are much more accountable assuming they have the checks in place for their “audirtors not writely balanced” [sic].

Publicly traded companies with their diverse shareholder ownership allow management much more flexibility to mix things up, taking with the right and hooking the owners with their left, lefties to boot. Right now the smart money has left or is in the process of leaving the markets in search of “safer heavens” [sic], safe harbor provisions a thing of the past.

President Bush should do the smart thing and immediately suspend trading of public corporations, thereby protectING the innocent and naive who are simply throwing good money after bad. Those well run public companies should have no fear for they will be at a competitive advantage relative to the capital that has been so smartly socked away.

The scars of 1907 remain on the masonry buildings housing the stock exchange of Wall Street. The fundamentals of the economy at that time were much worse than in 1929. One man J.P. Morgan saved the day, not so lucky for the victims of 1929. History has a way of repeating itself but today the “risk markets” are more fragile than at any time in history.

“Risk assessment” is my business.

Gary S. Gevisser

[Word count 267]

On Feb 21, 2012, at 2:47 PM, Jon Nadler wrote:

I do not.

You might do yourself a favor and read “Making Sense of the Dollar” by Marc Chandler. Let me just sum up that going off the gold standard reflected the anti-growth bias that a gold standardinherently signifies and that the underlying and historic thrust of US economic policy has been, and continues to be, a pro-growth one. See one William Jennings Bryan and his ‘cross of gold’ speech. Enough said.

Jon Nadler

Senior Analyst
Kitco Metals Inc.
North America

US & Canada Toll-Free: 1 (877) 839-8036
Websites: www.kitco.com and www.kitco.cn
Blog: http://www.kitco.com/ind/index.html#nadler
E-mail: jnadler@kitco.com

——

From: Gary S Gevisser
Date: February 21, 2012 1:26:23 PM PST
To: Jon Nadler
Subject: Re: US gold

Do you agree, though, that when the US went off the Gold Standard it defaulted on those monies; i.e. promissory notes paid to our trading partners, who going forward if they wanted to sell us their goods had to accept our $s that we began printing out of thin air?

On Feb 21, 2012, at 1:10 PM, Jon Nadler wrote:

The other numbers (working stock, etc.) are not relevant, but the 8133.5 tonnes certainly is. Even if it IS valued at the silly old number of $42.20 per ounce rather than at market. That is what the US has, and that is what everyone reports and/or depends on. None of that however has any bearing on much of anything else as a) the US will not return to a gold standard b) it will not sell the gold and c) there is no sense in trying to ‘value’ gold based on some outstandi
ng sum of money in circulation (the oldest gold bug argument extant). The US is suffering from a case of ‘benign neglect’ when it comes to its gold reserves. BTW, when people allege sinister goings-on and an empty Ft. Knox, they are partially right; most of the gold was moved to West Point but there is nothing sinister going on.

Jon Nadler

Senior Analyst
Kitco Metals Inc.
North America

US & Canada Toll-Free: 1 (877) 839-8036
Websites: www.kitco.com and www.kitco.cn
Blog: http://www.kitco.com/ind/index.html#nadler
E-mail: jnadler@kitco.com
From: Gary S Gevisser [garyniod@gmail.com]
Sent: Tuesday, February 21, 2012 1:33 PM
To: Jon Nadler
Subject: Re: US gold

i just placed a call to Fitzgerald who produced that report and left a voice message.

I don’t see that there is any mention of a physical audit and nor am I suggesting that the numbers are wrong.

Rather I am looking at how much easier it is to get our arms around exactly how much gold the US still has in reserve rather than the amount of money in circulation where [it is impossible to quantify] just the credit lines extended by banks to preferential customers and those customers in turn “sign surety” for other types of “off balance sheet” which allow for the “guarantor” to receive for being so nice “sweetheart” deals on other investment opportunities like new stock offerings and “founder stock” positions in new as well as old real estate developments; and then there is the business of credit lines offered by internet as well as brick and mortar casinos that I am I rather expert in given my family and close personal friends pivotal role in such an impossible to regulate industry; and just by the way I have been having over the course of the past several days a most interesting dialogue with Andrea Kerzner, the heir apparent of Sol “Gambling Czar” Kerzner who I have known a lifetime, but not quite as long as my mother who when she and her family emigrated from England to Durban, South Africa back in late 1947 upon arriving in Durban first stayed at Kerzner’s parents’ Minorah Hotel; and I won’t bore you more with those details.

I did find it interesting that one of the footnotes to the gold/silver audit are the following words, “This Schedule does not reflect any United States gold and silver reported by the United States Mint as working stock, or any reserve amounts due to be replenished by the PEF, nor does it include Treasury-owned gold held at Federal Reserve Banks (FRB).”

Does the US Treasury provide those numbers?

On Feb 21, 2012, at 11:42 AM, Jon Nadler wrote:

1954?

No.

Try 2010 or probably something even more recent:

http://www.treasury.gov/about/organizational-structure/ig/Documents/oig11004.pdf

Size: 8133.5 metric tonnes in reserves. Confirmed. See attached.

Cheers

Jon Nadler

Senior Analyst
Kitco Metals Inc.
North America

US & Canada Toll-Free: 1 (877) 839-8036
Websites: www.kitco.com and www.kitco.cn
Blog: http://www.kitco.com/ind/index.html#nadler
E-mail: jnadler@kitco.com

________________________________________
From: Gary Gevisser [garyniod@gmail.com]
Sent: Tuesday, February 21, 2012 12:28 PM
To: Jon Nadler
Subject: US gold

Could you confirm that the last physical audit done on US gold reserves took place in 1954 and if that is incorrect when was it last done?

Do you know what is the current stated gold reserves of the US?

Sent from my iPhone

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