Premium Only Content

The Gold That Wasn't There: ABC Bullion's Fraudulent Storage Scheme
Buy BaggyPants A Coffee:
https://www.buymeacoffee.com/BaggyPants
QUIT SMOKING OR VAPING NOW!!!!!!!!!!!!
Excellent eBook: QUIT SMOKING OR DIE!
https://www.barnesandnoble.com/w/quit-smoking-or-die-richard-renstone/1136998725?ean=2940164378936
In this interview, David Morgan of themorganreport.com speaks with John Adams, an economist from Australia, about his extensive investigation into a major scandal involving ABC Bullion, one of Australia's largest bullion dealers. The focus is on allegations that ABC Bullion ran a fractional reserve scheme for precious metals storage, meaning they charged clients storage fees for metal that wasn't actually in their vaults.
John explains how he first became aware of the issue in 2021 when a client couldn't redeem their stored silver. After further investigation, a whistleblower and evidence, including a WhatsApp group chat, confirmed fraudulent practices. Despite John presenting a detailed case to the Australian Securities and Investments Commission (ASIC), they declared the company clean after what John describes as a "sham" investigation. He claims that during the investigation, ABC Bullion moved metal to an illegally occupied building, and the audit performed by a third party only counted a sample of the metal, further raising suspicions of manipulation.
John shares his frustration with Australia's regulatory failures and discusses his broader concerns about corruption in financial oversight. Despite the investigation's lack of resolution, his campaign brought national attention and led to a parliamentary inquiry into ASIC, with calls for the agency's overhaul.
The conversation also covers the broader issues of corruption in the bullion industry and the difficulties of ensuring genuine supply and demand for precious metals. John concludes by discussing the importance of educating investors on avoiding these schemes and promoting transparency in the precious metals market.
-
LIVE
Precision Rifle Network
6 hours agoS4E27 Guns & Grub - Let's Talk About Gas Guns
59 watching -
59:29
The Charlie Kirk Show
2 hours agoTHOUGHTCRIME Ep. 96 — The Great Flag Burning Debate
18.1K12 -
57:56
The Mel K Show
1 hour agoMel K & General Mike Flynn | Betrayal of a Nation: Soros’ NATO World Order | 8-28-25
9.51K7 -
LIVE
Joker Effect
48 minutes agoInterviewing BEN JAMMINS! A personality with over 1 BILLION gif views. Let's give him a warm welcome
434 watching -
11:37
Robbi On The Record
7 hours agoThe Devil is in the Branding..
5.51K7 -
LIVE
Savanah Hernandez
2 hours agoWhy Gen-Z Is So Radicalized Against Immigration
305 watching -
LIVE
megimu32
2 hours agoOTS: From A-List to MIA! 90s & 2000s Stars Who Vanished
103 watching -
LIVE
TinyPandaface
1 hour agoYour FACE Is A Gaming Channel! | Super Smash Bros w/ THE FELLAS!
43 watching -
LIVE
Flex011
3 hours ago $0.04 earnedMETAL GEAR SOLID : SNAKE EATER
16 watching -
21:42
The Rad Factory
8 hours ago $0.11 earnedCrotch Rocket Swapped F1 car
1.96K1