World's Biggest Gold Storage Company Bans All Accounts From U.S. Citizens

A U.S. marine drinks the blood of a cobra during a jungle survival exercise with the Thai Navy as part of the "Cobra Gold 2013" joint military exercise.  Photo Credit/Damir Sagolj

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World's Biggest Gold Storage Company Bans Accounts From U.S. Citizens

ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage.  They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world.  They know what they’re doing.

And now they’re dumping U.S. citizens.  This is huge.  I can’t possibly overstate the potential ramifications.

For one, the big gold depositories like Gold Money and Bullion Vault ALL use ViaMat as a primary secure storage provider.  So it’s only a matter of time before ViaMat’s decision cascades across these other firms.

This matter-of-fact letter from ViaMat management explains their decision:

“We are currently experiencing rapid and substantial changes in the general regulations within this business. The changes mainly relate to the tax structures and taxation systems of various countries. As a consequence of these changes VIA MAT INTERNATIONAL has taken the decision to stop offering this service at its vault [sic] outside of the US to private customers with potential US-tax liability.”

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Bonus clip:

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Marines drink fresh cobra blood during survival training in Thailand.

About 15,000 soldiers from the U.S., Thailand Singapore, Indonesia, Japan, South Korea and Malaysia are participating in the 11-day military exercise.  Photo Credit/Damir Sagolj

Comments

[DailyBail]

Hilarious read for sports fans.

http://www.grantland.com/story/_/id/8930154/tiki-barber-thuzio-service-connects-fans-their-favorite-athletes-price

Tiki Barber's new company connects fans with their favorite athletes - for a price

[DailyBail]

First female SKorean president faces NKorea crisis

http://apnews.myway.com/article/20130225/DA4LEAM82.html

[DailyBail]

New focus on a transatlantic effort to crash a spacecraft into an asteroid.

http://www.washingtonpost.com/business/economy/after-meteor-blast-in-russia-laurel-lab-plans-to-smack-an-asteroid/2013/02/24/3cc08720-7bc4-11e2-82e8-61a46c2cde3d_story.html

[DailyBail]

In constant 2012 dollars, the federal government spent $3.176 trillion in 2008 and $3.538 trillion in 2012, according to the U.S. Treasury.

http://cnsnews.com/news/article/real-federal-spending-82290-american-2008

[DailyBail]

CHICAGO (AP) -- Nation of Islam Minister Louis Farrakhan on Sunday called on blacks nationwide to curb economic disparities by cutting back on excessive spending, pooling resources and investing in land - an action plan he laid out during a three-hour speech at the movement's annual Saviours' Day convention.

http://hosted.ap.org/dynamic/stories/U/US_NATION_OF_ISLAM?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-02-24-20-48-55

[DailyBail]

Florida doesn't have enough doctors for Obamacare

http://articles.sun-sentinel.com/2013-02-22/news/fl-doctor-shortage-medicaid-expansion-if-florida-20130222_1_medicaid-expansion-new-medicaid-patients-florida-medical-association

[DailyBail]

Bloomberg's ban prohibits 2-liter soda with your pizza

http://www.nypost.com/p/news/local/soda_ban_to_sap_your_4t5pEK0hvo3PoNZEBOdZ2L

[DailyBail]

US special forces ordered to leave critical Afghanistan province

http://www.telegraph.co.uk/news/worldnews/asia/afghanistan/9890985/US-special-forces-ordered-to-leave-critical-Afghanistan-province.html

[DailyBail]

KABUL, Afghanistan — One morning recently, a teenager named Bacha Zarina was collecting firewood on her family’s farm in eastern Afghanistan. About 30 yards away, as relatives recall, two Taliban commanders stood outside a house. A missile screamed down from the sky, killing the two men instantly. Two chunks of shrapnel flew at Bacha Zarina and lodged in her left side. Her family took her to the nearest hospital, a half-hour drive away, but she died en route, an accidental victim of the rapidly escalating U.S.-led campaign of drone strikes in Afghanistan. She was 14 or 15 years old.

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[DailyBail]

A snow plow driver in Lowell was fired Friday for posting a video of himself burying parked cars and bragging about it during the blizzard earlier this month.

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[DailyBail]

Aaron, 9, ‘bullied to death for being white’

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[TR]

I looked at (not read yet) the links & links in comments & I've been carpet bombed. Medic! Medic!

Anytime stories appear anywhere related to DHS,TSA ,etc., the only title needed: OBLW (Osama Bin Laden Won)

[SKINFLINT]

German bank foiled again. What is a thief to do?http://www.zerohedge.com/contributed/2013-02-25/lies-damned-lies-and-banks-deutsche-bank-caught-again

[SKINFLINT]

http://www.latimes.com/business/money/la-fi-mo-beer-drinkers-sue-anheuserbusch-say-it-watered-down-brews-20130226,0,1472649.story Bud pees on customers.

[ewingsc]

"the U.S., Thailand Singapore, Indonesia, Japan, South Korea and Malaysia are participating in the 11-day military exercise. "

No prizes for guessing which of the above nations

is - hands down - the least fun to train with.

[Ponce]

I really don't care how much paper gold, or silver, you have floating around because we know that there is not enough PM to fill all those orders so that:

"If you don''t hold it, you don't own it".... Ponce

Keep on living in la la land and you will loose it all.

V

[Joe]

All this time we've been surviving without cobra blood. If only we'd known!

This article seems bent on intimidating China. Jungles are some of the most watery places known, and cobras are relatively rare, so why so important to mess with deadly snakes when just finding food and water are hard enough?

Looks like grandstanding anyway, doesn't look like much blood to drink in one of those things.

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[volody]

Bloomberg's ban prohibits 2-liter soda with your pizza
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