LA BANCA CENTRALE OLANDESE OBBLIGA UN FONDO A VENDERE L'ORO!!!
Here Comes Executive Order 6102 For The QE Generation: Dutch Central Bank Orders Pension Fund To Sell Its Gold
Perhaps the most stunning example of what may be in store for asset managers and pension funds (and possibly retail holders) who dare to challenge central bank monetary authority comes from the Netherlands, where we have just witnessed the 21st century equivalent of Executive Order 6102. The story in a nutshell (and as translated loosely from the primary source presented below): the glassworkers pension fund (SPVG) was ordered by De Nederlandsche Bank (DNB, or the equivalent of the Dutch central bank), that it has to sell the bulk of its gold assets. After the SPVG refused to comply with the order, the DNB went to court and the decision has come out, siding with the central bank, ordering the SPVG to sell the required gold within two months. The pension fund, which invests for 1142 employees, in late 2009 had gold bars worth 34.6 million euros, or about 1400 kilograms. The total fund assets amounted to 288 million euros at that time. The DNB argued gold is a commodity and holding 13 percent was overweight in comparison to the 2.7% average that pension funds are invested in commodities. DNB has found that such a large proportion of gold is inconsistent with the interests of the participants. SPVG sees gold as a medium of exchange, such as euros, but DNB believes that the price of gold fluctuates too much for it to be classified as an investment. Translation of the translation: the central bank has now directly ordered a fund how to allocate its gold assets, because it explicitly disagreed with the fund's statement that gold is money, claiming instead that it is nothing but a very volatile commodity. Very soon no pension funds in the Netherlands will be allowed to hold any amount of gold more than the merely nominal. This latest gold confiscation equivalent event is most certainly coming to a banana republic near you.
NON HO PAROLE !!!
Perhaps the most stunning example of what may be in store for asset managers and pension funds (and possibly retail holders) who dare to challenge central bank monetary authority comes from the Netherlands, where we have just witnessed the 21st century equivalent of Executive Order 6102. The story in a nutshell (and as translated loosely from the primary source presented below): the glassworkers pension fund (SPVG) was ordered by De Nederlandsche Bank (DNB, or the equivalent of the Dutch central bank), that it has to sell the bulk of its gold assets. After the SPVG refused to comply with the order, the DNB went to court and the decision has come out, siding with the central bank, ordering the SPVG to sell the required gold within two months. The pension fund, which invests for 1142 employees, in late 2009 had gold bars worth 34.6 million euros, or about 1400 kilograms. The total fund assets amounted to 288 million euros at that time. The DNB argued gold is a commodity and holding 13 percent was overweight in comparison to the 2.7% average that pension funds are invested in commodities. DNB has found that such a large proportion of gold is inconsistent with the interests of the participants. SPVG sees gold as a medium of exchange, such as euros, but DNB believes that the price of gold fluctuates too much for it to be classified as an investment. Translation of the translation: the central bank has now directly ordered a fund how to allocate its gold assets, because it explicitly disagreed with the fund's statement that gold is money, claiming instead that it is nothing but a very volatile commodity. Very soon no pension funds in the Netherlands will be allowed to hold any amount of gold more than the merely nominal. This latest gold confiscation equivalent event is most certainly coming to a banana republic near you.
NON HO PAROLE !!!
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8 commenti:
bisogna fare attenzione all'oro , i governi lo ritengono merce di cui poter disporre a piacimento , e su cui far valere l'interesse nazionale contro il principio di proprieta' ...
era successo negli Usa , la proibizione di detenere oro e l'obbligo di vendere allo stato a prezzo politico ... ma la stessa cosa vale per i fondi pensione , basta ricordare Ciampi , che ne fece delle casse private di molti ordini ? li aggrego' all'Inps ...
ahahah altro ladro ... come Amato ... il gatto e la volpe ...
giovanni (pavia)
Ciampi, con quella sua aria di nonno buono, in realtà è uno dei peggiori delinquenti politici ed economici che ci siano non solo in Italia, ma in tutto il mondo. Ha venduto il suo Paese. Abbiamo questo triste primato...
Tu delle 7,49 sei un poveretto!
Ringrazia il Signore che hai avuto gente come Ciampi e guarda quelli che hai adesso.
Poi piangi se hai dei figli.
Saluti.
tu,invece, anonimo delle 8:24 sei un povero coglione e quando ti sveglierai(se mai ti sveglierai)ti renderai conto della stupidaggine che hai appena detto( visto che rimpiangi Ciampi).
E ricordati che se ora hai questi quà al governo è perchè un merda come Ciampi li ha preceduti.
Se non sei in grado di capire ciò risparmiati le forze della risposta e usale per pensare qualosa di più furbo.
cordialità.
.alessandro
Prove tecniche di confisca??....ahi iaihai!! se questo è un segno, è veramente un brutto segno! KEEP IT ON YOUR ESCLUSIVE HANDS!!
saluti.
A.P.
Secondo me DNB ha fatto bene. Sono d'accordo con le sue motivazioni
Signori, faccio una domanda un po' O.T. , ma neanche tanto.
Mi ricollego all'intervento di Giovanni delle ore 01:01 (che io condivido) ed in particolare al riferimento alle casse private degli ordini.
In vista di un (a mio avviso) probabile collasso del sistema paese Italia, schiacciato dai debiti, io ho sempre preferito tenermi il mio TFR, anzichè conferirlo ai fondi pensione, pur perdendo contributi aziendali e incentivi fiscali: la mia paura è quella che un domani lo stato possa aggregare questi fondi all'INPS, per coprire buchi statali.
E quindi, ad ogni cambio aziendale, mi sono tenuto il mio gruzzoletto per la vecchiaia.
Che ne pensate del mio ragionamento? ha senso?
Gazie, Alex
grazie all'anonimo delle 10,18 grazie sopratutto per le sue spiegazioni...utili a noi tutti
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