{"id":10221,"date":"2024-10-21T18:36:08","date_gmt":"2024-10-21T18:36:08","guid":{"rendered":"https:\/\/www.themorganreport.com\/blog\/?p=10221"},"modified":"2024-10-21T18:36:08","modified_gmt":"2024-10-21T18:36:08","slug":"the-gold-that-wasnt-there-abc-bullions-fraudulent-storage-scheme","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/the-gold-that-wasnt-there-abc-bullions-fraudulent-storage-scheme\/","title":{"rendered":"The Gold That Wasn&#8217;t There: ABC Bullion&#8217;s Fraudulent Storage Scheme"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/KgbetFYPtXY?si=ewlae2LUZLEMNmvL\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<br \/>\nThe Gold That Wasn&#8217;t There: ABC Bullion&#8217;s Fraudulent Storage Scheme | <a href=\"https:\/\/www.themorganreport.com\">https:\/\/www.themorganreport.com<\/a><\/p>\n<p>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&#8217;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&#8217;t actually in their vaults.<\/p>\n<p>John explains how he first became aware of the issue in 2021 when a client couldn&#8217;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 &#8220;sham&#8221; 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.<\/p>\n<p>John shares his frustration with Australia&#8217;s regulatory failures and discusses his broader concerns about corruption in financial oversight. Despite the investigation&#8217;s lack of resolution, his campaign brought national attention and led to a parliamentary inquiry into ASIC, with calls for the agency&#8217;s overhaul.<\/p>\n<p>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.<\/p>\n<p>Watch this video on The Gold That Wasn&#8217;t There: ABC Bullion&#8217;s Fraudulent Storage Scheme, then please share with your friends and family on social media and use the caption: The Gold That Wasn&#8217;t There: ABC Bullion&#8217;s Fraudulent Storage Scheme.<br \/>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div><div class=\"sc-tabs-wrap\"><ul class=\"sc-tabs\"><li class=\"active\"><a href=\"#\" data-id=\"1\">Trading Recommendations<\/a><\/li><li><a href=\"#\" data-id=\"2\">Save In Silver<\/a><\/li><\/ul><ul class=\"sc-tabs-panes\"><li id=\"sc-pane-1\" class=\"active\">Market Analysis &#8212; Investing &#8212; Trading Methods At The Morgan Report &#8212; Starting As Low As $50 | <a href=\"http:\/\/www.themorganreport.com\/join\" rel=\"noopener\" target=\"_blank\">http:\/\/www.themorganreport.com\/join<\/a><\/b>. <\/li>\n<li id=\"sc-pane-2\">Starting your own precious metals savings program is an easy way to automatically save in gold and silver. This makes it easy to maintain a disciplined program for increasing your ownership of history&#8217;s most proven stores of value. <a href=\"http:\/\/preciousmetalssavingsprogram.com\/\" rel=\"noopener\" target=\"_blank\">Learn more here.<\/a> <\/li><\/ul><\/div>\n<hr \/>\n<p><strong>Let My Passion Create Your Wealth.<\/strong><\/p>\n<p>I&#8217;ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.<BR><\/p>\n<p>The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation, and asset protection.<BR><\/p>\n<p>Thus was born The Morgan Report &#8211; since then we&#8217;ve helped 11,000-plus members scattered over the globe in every continent and over 100,000+ e-newsletter subscribers have read our weekly e-newsletter &#8212; This Week&#8217;s View from The Morgan Report.<BR><\/p>\n<p>Through our publication, The Morgan Report, we provide you with ways to achieve greater financial security and wealth in all sorts of environments.<BR><\/p>\n<p>Learn more and become an insider for The Morgan Report, click the link below&#8230;<BR><\/p>\n<p><a href=\"http:\/\/www.themorganreport.com\/join\">http:\/\/www.themorganreport.com\/join<\/a><br \/>\n&nbsp;<\/p>\n<p align=\"center\"><font color=\"#AF0000\" style=\"font-size: 14pt\"><b>Special Riches In Resources Free Report<\/b><\/p>\n<p><\/font> Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.<\/a>\n\t<\/p>\n<div class=\"AW-Form-1281419199\"><\/div>\n<p><script type=\"text\/javascript\">(function(d, s, id) {\n    var js, fjs = d.getElementsByTagName(s)[0];\n    if (d.getElementById(id)) return;\n    js = d.createElement(s); js.id = id;\n    js.src = \"\/\/forms.aweber.com\/form\/99\/1281419199.js\";\n    fjs.parentNode.insertBefore(js, fjs);\n    }(document, \"script\", \"aweber-wjs-jc8lzhdt3\"));<\/script> <\/p>\n<p>Our mission statement reads&#8230;<BR><\/p>\n<p><b><i>&#8220;To teach and empower people to understand the benefits of an honest monetary system.&#8221;<\/i> <\/b><BR><br \/>\nToday&#8217;s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!<BR><\/p>\n<p><center><a href=\"http:\/\/www.themorganreport.com\/join\" class=\"sc-button\" style=\"background: default\"><span><strong>Learn More About The Morgan Report *<\/strong><\/span><\/a>\n&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gold That Wasn&#8217;t There: ABC Bullion&#8217;s Fraudulent Storage Scheme | https:\/\/www.themorganreport.com 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&#8217;s largest bullion dealers. The focus is on allegations that ABC Bullion ran a fractional<span class=\"read-more\"><a href=\"https:\/\/www.themorganreport.com\/blog\/the-gold-that-wasnt-there-abc-bullions-fraudulent-storage-scheme\/\" title=\"Read More\">More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":10222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Gold That Wasn&#039;t There: ABC Bullion&#039;s Fraudulent Storage Scheme<\/title>\n<meta name=\"description\" content=\"The Gold That Wasn&#039;t There: ABC Bullion&#039;s Fraudulent Storage Scheme\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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