Truck Carrying $4.8M In Gold Robbed In North Carolina, HuffPo Commenters Think This Is A Good Thing
[The following post is by TDV Researcher, Justin O'Connell]
Approximately $4.8 million in gold bars were stolen Sunday from an armored truck traveling from Florida to Massachusetts on Interstate 95 by armed robbers, according to authorities. The theft took place in Attleboro, a small town largely secluded.
Two Transvalue Inc. security guards report pulling over to the side of the road 6:30pm Sunday after their armored truck had mechanical problems in Wilson County, according to the sheriff’s office.
Three men then drove up on the security guards in a white van. They ordered the security guards to lie on the ground and tied their hands behind their backs and marched them into the woods. The robbers then unloaded the gold and got away. The stolen gold bars weighed a total of 275 pounds.
Federal Bureau of Investigation’s spokeswoman Shelley Lynch said agents are assisting local sheriffs. The FBI is “coordinating with our law enforcement partners to determine whether a federal crime has been committed”.
Transvalue chief executive officer Jay Rodriguez said the gold bars were en route to Attleboro, Massachusetts, a town south of Boston known as “Jewelry City” due to the large number of manufacturers there.
“Transvalue Inc. deeply regrets the events that transpired yesterday evening,” Chief Executive Officer Jay Rodriguez said in a statement to CNN. “We are pleased that our crew was not harmed. At this time we are working with the authorities to try and resolve this matter.”
The company is offering $50,000 reward for information which leads to an arrest.
Transvalue, according to its website, specializes in transporting cash, precious metals, gems and jewelry. The company says its shipments are insured for up to $100 million.
Interestingly, in the comment section of Huffington Post, many of the commenters don’t take much issue with the theft, commenting such things as:
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March 6, 2015
Lord Rothschild Pulls A Marc Faber: "Geopolitical Situation As Dangerous As Any Since World War II"
Post is by TDV Chief Editor, Jeff Berwick
We have been portending turbulent times ahead for our subscribers for some time now, and we have, over the years, been in increasingly good company. In 2009 when I started TDV, I was called crazy. Now my views have been adopted by mainstream personalities, even stewards of the world's fortunes agree with our outlook.
Lord Jacob Rothschild, 78 year-old banker and chairman of RIT Capital Partners, sent a startling warning to savers in the £2.3bn trust regarding the global situation and “the fragility of future returns.”
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Post is by TDV Senior Analyst, Ed Bugos
The world abandoned the system known as the gold standard in the thirties. Nothing resembling it, or especially what the sound money crowd had in mind, would ever be seen again.
Some would argue that the US went back to the gold standard after WWII (a.k.a. the Bretton Woods monetary system), and the Swiss didn’t abandon theirs until the eighties. Most everyone else would argue that the gold standard belonged to a different time, a different era, before money evolved –as Greenspan noted in his infamous essay, "Gold and Economic Freedom", in this author’s opinion a bastardization of Howard Buffet’s 1948 essay, “Human Freedom Rests on Gold Redeemable Money," the gold standard had its place but it evolved into a sounder centralized banking system that is able to adopt to the needs of a modern world, no longer susceptible to financial volatility or the physical limitations of a coin standard.
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Post is by TDV Researcher, Justin O'Connell
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A Brief Recent History Of Precious Metals Manipulation Investigations
Post is by TDV Researcher, Justin O'Connell
Post is by TDV Senior Analyst Ed Bugos
That’s one of the most recurring thoughts in my mind these days. I’m usually thinking specifically of the hazards associated with central banking and fiat currencies, ideas brought to the west only a few centuries ago to support fractional reserve banking, a scheme that produces a recurring “cluster of errors” – i.e., and boom-bust cycle – in its wake. It has fueled popular delusions of grandeur and manias from tulip speculation to world conquest, and is responsible for many economic collapses.