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Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More
While it will not come as a major surprise to most, according to senior BOE individuals and Wikileaks, Iran, as well as Qatar and Jordan have been actively purchasing gold well over the amount reported to and by the IMF, in an accelerated attempt to diversify their holdings away from the US dollar. "Iran has bought large amounts of gold in the international market, according to a senior Bank of England official, in a sign of how growing political pressure has driven Tehran to reduce its exposure to the US dollar. Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and seen by the Financial Times." The reason for Tehran's scramble into gold: "an attempt by Iran to protect its reserves from risk of seizure”. The misrepresentation of Iran's holdings could be so vast that Iran could possibly be one of the largest holders of goldin the world. "Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, and is among the 20 largest holders of gold reserves... with an alleged 300 tons, big enough to challenge the UK at 310 tons, and more than Spain! " As a reminder according to the WGC, Iran is not even disclosed as an official holder of gold. Also, Iran is not the only one: "Cables obtained by WikiLeaks cite Jordan’s prime minister as saying the central bank was “instructed to increase its holdings” of gold, and a Qatar Investment Authority official as saying the QIA was interested in buying gold and silver." Which means that there is far more marginal demand by countries supposedly friendly to the dollar, as many more than previously expected are actively dumping linen and buying bullion. What all this means for the future price of gold, especially with geopolitical tension in the region, and QE3 imminent, is rather self-evident.
From the FT:
Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and seen by the Financial Times.
Mr Bailey said the gold buying “was an attempt by Iran to protect its reserves from risk of seizure”.
Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, and is among the 20 largest holders of gold reserves.
They estimate it holds more than 300 tonnes of gold, up from 168.4 tonnes in 1996, the date of the most recent International Monetary Fund data.
Ummm, according to the WGC the UK (thank you Gordon Brown) has 310 tons of gold... Iran has the same amount of gold in storage as the (formerly) biggest colonial power in the history of the world. And this is not breaking news?
The cable, dated June 2006, is the first official confirmation of Tehran’s buying. Last year central banks became net buyers of bullion after 22 years of large sales, helping drive gold prices to all-time nominal highs. Trades by central banks are often kept secret.
Bankers said other Middle Eastern countries had also been quietly adding to gold holdings to diversify away from the dollar amid political tensions and volatility in currency markets.
“The totality of central bank reserves is not what is reported to the IMF,” said Philip Klapwijk, executive chairman of GFMS, a precious metals consultancy. “There’s probably another 10 per cent on top of that.”
Cables obtained by WikiLeaks cite Jordan’s prime minister as saying the central bank was “instructed to increase its holdings” of gold, and a Qatar Investment Authority official as saying the QIA was interested in buying gold and silver.
“There is no question some Middle Eastern countries are very interested in buying gold,” said George Milling-Stanley, head of government affairs at the mining industry-backed World Gold Council.
Secret undisclosed purchases of physical gold... What next: secret undisclosed selling of paper gold by such unusual suspects as JPM? Unpossible.
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But, but you can't eat it... /s
China is helping Iran by duping the US into thinking they are strategic partners but buying them time to finish their nuclear weapons capability (yay! The END of the "unipolar world").
http://www.twq.com/11winter/docs/11winter_Garver.pdf
Saud knows the US is gunning for them as the plan includes regional Sunni v Shia mayhem so they HAVE PUBLICLY BROKEN WITH THE US!!!
http://english.people.com.cn/90001/90776/90883/7324853.html
Bandar Bush betrayed the holy of holies ( again, he defied them in the 80s and bought the denied nuclear capable long range missiles from china).
They are publicly defying one of the biggest US no-nos in the region: cooperating proactively on an overland, pipeline (through Myanmar) for ME oil! In exchange, Saud get nukes!
You are fucked, you Zionist lackeys
Ever since the new year when we got this new Durden clone and he dumbed down the conversation, I've had more and more time to do my own research.
Scoooped!
Lolz.
My friend Debi and I have concluded Tyler Durden is many more than one person. Only Super Man can do what Zero Hedge does if a single person.
No doubt. You have to admit there have been different teams up at bat here. Remember back in the Blogspot days it was a completely different group.
Unlimited resources.
As long as the Durden group keep it in the family of trusted friends on a highly scrutinized basis, the ZH site will thrive.
This is mere pointless speculation, but fun nevertheless:
"Ground Zero Strategic Commodities plans to begin trading in the first quarter of next year, according to Bloomberg News. The hedge fund is based in Zug, Switzerland, not Lower Manhattan, but a connection with New York is likely to linger." 8/19/09
http://dealbook.nytimes.com/2009/08/19/hedge-fund-name-may-give-pause-to-investors/
Compare with current article, and ZH policy on 'conflict of interest':
http://www.zerohedge.com/content/zero-hedge-conflictsfull-disclosure-policy
"You should assume that at all times we are so totally just talking our book it would shock and awe you like the unexpected, early-morning arrival of a cluster of BGM-109C Tomahawks (were you a believer in the importance of "optics" that is).
If we make a off-hand remark about New Zealand sheep herders it's because we are long New Zealand West Island Cold Kut (NZ-WICK) Wool futures and Kiwi brand Condoms ("For it's pleasure"). If we are joking around about Cliff Asness, it's because we have developed a synthetic short of ARQ. If we jest about Joe Sixpack, it's because we are trying to hype our cheap-American-beer holdings so we can exit quickly. Basically, we are telling you about a position we believe in strongly enough to invest in."
As a bit of fun ZH trivia: 38% of US citizens fail citizenship test -- check out question #3:
http://www.newsweek.com/2011/03/20/take-the-quiz-what-we-don-t-know.html
"The Federalist Papers supported the passage of the U.S. Constitution.
Name one of the writers."
http://www.newsweek.com/2011/03/20/take-the-quiz-what-we-don-t-know/america-s-founding-question-3.html
Then read the ZH manifesto:
http://www.zerohedge.com/about
"though often maligned (typically by those frustrated by an inability to engage in ad hominem attacks) anonymous speech has a long and storied history in the united states. used by the likes of mark twain (aka samuel langhorne clemens) to criticize common ignorance, and perhaps most famously by alexander hamilton, james madison and john jay (aka publius) to write the federalist papers, we think ourselves in good company in using one or another nom de plume."
Whoever and wherever TD's are, their continued contributions remain very welcome.
And that is a bad position to have because?
If I had objection to or beef with the position, I wouldn't be here, would I?
A unique and quite laudable experiment, that potentially benefits at least hundreds of thousands of people (possibly millions, depending on measurement/estimate used) directly -- and their families/networks indirectly.
I hope to witness a further unfolding of this potential, and to help in any way I can.
twas outsourced... TD is shooting craps in vegas from the Cramer ad money
Are you implying that Bruce Wayne and the Batman are two different people?
LMAO good work. hope the feed is working.
3/20/11 and you and Debi have just concluded...really! Do you always join blogs without
knowing what your joining? Here this should help...
http://nymag.com/guides/money/2009/59457/
Your welcome...
Wow, and all this from your living room! Gotta get me one of them there hi-speed connections
Tyler Durden posts have a distinctive style. If you can't reconize the continuity of that style then it is you who are dumb.
I hope I am not the only one who has noticed the massive ramp-up of ZH information crunching in the past year. It is astounding. This takes big bucks to consistently beat Google news to every single story, whether by minutes, hours or days. This is a big deal.
I salute all who share the name of TYLER DURDEN (may your tribe increase).
No, no mania going on here with the caveman now chasing.
If this doesn't tell one they are on the wrong side nothing ever will.
Who would have thunk it?
If you don't get more support for those things you'll be wearing them aroud your knees soon.
I'm still buying those dips...both of them ;-)
Who even understands it? What's with the commodity purchases? /sarc
Any comparisons to the dumba** country that thought it was a good idea sell most of their gold holdings 10 years ago at $300/oz, and then brag about it, is sort of meaningless IMHO.
Boobies
But we've got a printing press.
... And Iran's gold, once we invade, which will surely be quite soon.
Vamos partido!!! Eu posso dançar a lambada na praia no Rio de Janeiro.
http://www.youtube.com/watch?v=1EaLFLoxcdU
Brings to mind gota fria. Not to be missed
http://www.youtube.com/watch?v=owt2ABKsOGQ&feature=fvst
Great bodies.
awesome bods indeed. looks like we have a potential vacation spot for the next nuke melt down or bombing or financial crisis.
Yes, but after they've finished fucking, can they go out and make a decent buck with their marketable skills on a long term basis? Something I've pondered from time to time.
Jealous.
Perhaps their "marketable skills" range to marrying a guy like Michael.
I don't think he could afford it.
Ahh shucks. the coon patrol?
Only for you Sweetie!
nice shameless plug of your youtube account.
sweet verbatim post on that vid, too.
LOL. Michael is such a tool. He reminds me of the weirdos who hung around the nerds in high school trying to fit in, while not being quite cool enough for the nerds, so he just kept running his mouth hoping something would stick...the verbatim post totally stuck. We love you Michael.
In the immortal words of your drug trafficking, genocidal petty thug president:
Bring it on!
Hubris!
And you shouldn't be cheering either stooopid, civilians in the US will be screwed with 10 dollar gas or no gas with the Strait of Hormuz closed because of all the sunken obsolete aircraft carriers.
Don't remember that incident in 2009 when the Chinese sub popped up next the aircraft carrier having gone through like 20 frigates, 10 destroyed, subs etc
Lmao
20 Frigates,
Of which 10 were destroyed?
And submarine sandwiches?
Where are we going with this now??
Mutter the word "Iran" and our resident israeli sock puppet shows up.
UPDATE
Sarah "I'm just a hillbilly redneck like you" Palin, while wearing a star of david in israhole says China is preparing for war:
http://www.dailymail.co.uk/news/article-1368170/Sarah-Palin-warns-China-...
you betcha!
Sarah Palin... I hear her laptop has many red buttons n keys. One for each country. Who ya gonna bomb next? She can see Russia, China, the Korean Peninsula, and Iran from her house.
Obviously she's in Israel to raise funds. Wearing the star of David? mmm she would wear the Swastika if it would get her more funds for her campaign. The new POTUS.
She's short...and stupid.
So many afraid of Sarah Palin, so little time...ahhhhh
There is a difference between fear and loathing. I've never entertained the thought of leaving the U. S., but I'd reconsider under her leadership.
The thought of that does give one pause, doesn't it?
i think it would behoove one to look into the occult symbolism associated with the "star of david."
Trust me, American people will not buy this Jewish-Zionist shit for ever.
When it will be over, there will be no place for you-alike to run.
We'll just buy it from them. Stupid Iranians...
if its good enough for iran its good enough for me....
Yeah! Hedging against a dying dollar!
Damn it , Blythe never said anything about this. I am pissed....
I'm a gettin' a sneakin' feelin' pardner that Missie Blythe might-a wanted ta cover her shorts a few days a-go.
Unfortunately for you, Pinhead, Blythe has got enough intellectual firepower to blow your triangular head into Bass Bait.
She could easily use your topknot for a crotch-wipe and then skin your worthless chin for the stubble to groom her Arabian horse.
Lotsa Luck dope-boy.
Is it just me or am I gettin a really good brotherly love, peace on earth type vibe here?
I mean WOW, what a trip, joke or real. And he said it, so Blythely.
Edit: I bet she can out cuss Rham.
Got on a roll huh...LOL.
although i have no issue with the object of your reactor venting and find him quite elegantly dialogical at times, myself, CrisisMood, and blythe's intellect is not the big turn-on for me, i am on the record X6 about how hot she is and i would curry her mare in a new york second!
plus, MsC arched her browZ!
Thanks for clearing that up, Crisis. I've been wondering for a while now if she was evil or stupid. Now that you tellme she's smart, I've got my answer. Do you jack off to her poster or what?
Hi Blythe xxx
Mr. Rafsanjani likes the loyal employees ...
ZHedgers predicted that she'll need a new job....
Except the secret undisclosed selling of paper gold by such unusual suspects as JPM is really not such a secret.
it is really nice that they are keeping the price artificially low so that Iran can continue to accumulate.
What a bunch of great guys!
LOL
Could indeed make the case that given TARP, et.al., that it's taxpayer money bein' used to subsidize thier PM accumulation on favorable terms.
Not just Iran...you too can benefit from price manipulation. Talk to your local gold/silver broker today!
It's a sad case that i fully believe whatever holdings in gold Iran says it has and i'm even prepared to believe they are under announcing the amount it has.
Where as, with the U.S./U.K. i fully don't believe a word they say when it comes to their gold holdings, i can quite well believe they only have a negligible amount if any.
Sad that places like Iran have become the light of fiscal sanity over the U.S./U.K. What corrupt cesspits western countries have become... 100% banana republics full of stupid ignorant, lazy people.
I don't think it's sad. It's just a cycle that we're going through. The whole 7 billion of us glorified monkeys. Watch Space Odyssey 2001... the intro is beautiful.
Ben has hurt feelings becuse the Arabs don't like his tp.
Somebody quick wake up Blythe, silver is approacing 36 dollars again.... time to put the bear suit back on
She don't retreat - she reloads...
yup. done deal. Iran will be invaded. did I say invaded? No, I meant liberated. I mean, gold will be liberated. Who can tolerate that Iran sells oil and then buys little bit of gold w/o hofjuden permision? Hofjuden will not, cannot, tolerate such blatant disobedience. Persians will be punished for not following the rules: oil for hofjuden confetti.
LOL that was the first thought that came to mind - the odds of war with Iran just jumped to 99.99%.
Hordes of JPMorgue-ites Invade Iran!
Armed with checkbooks and very shiny pens, armies of low-paid JPM drones invade some country where they have this shiny metal stuff. Their advance is slowed as their wing-tip shoes don't perform well with actual use, and abandoned suit jackets and ties litter the countryside. Tyler Durden reports that troll activity drops to near zero on Zero Hedge, and if this keeps up the forums might become usable. Film at eleven, sponsored by Sarchasm, which is the distance between those who 'get it' and those who don't.
Iran gold ETF? Future delivery guaranteed by JPM. Place your bets
Yep, same here. Gold and oil to steal: twofers!
reversed Thermopylae?! :D
Of course Iran will be invaded! ... they're just having trouble cobbling a pretext together (not that truth or facts would have anything to do with it).
But it also looks like Jordan and Qatar have just moved up the CIA Hit List! Whenever Wikileaks fires a leak at a country's leadership, a "colour revolution" follows shortly thereafter! I'm beginning to believe [ed: I'm a bit slow] that Wikileaks is the official distribution channel from the CIA to the MSM to alert TPTB's minions of what is about to go down.
Also watch Indonesia: Wikileaks did a job on them a few weeks ago.
Max Keiser sez a secret whistleblower told him that Iran has a few tons of silver too, and they buying more.
What'll be more interesting to find out is where the stuffs being physically vaulted. Switzerland?
Want to keep it out of the claws of the Anglo-American octopi, but at the same time, don't want to particularly remove it from the LBMA good delivery system.
No way. The Swiss kiss and tell now.
If I were them, I will hide it in the same place Alexander the great did.
Keep an eye out for Daniel and Peachy.
Rudyard Kipling's The Man Who Would Be King (1975) Trailerhttp://www.youtube.com/watch?v=rNb6SxXcD7g
Not anywhere near where the West can get to it. Lybia's loss of foreign investments ($30 billion) at the stroke of a pen just told every warlord and dictator that the West will steal everything you have the minute you become a liability to the system.
Iran could do well as an islamic bank with audited gold reserves. Not sure the Saudis would want to bank there but some people might.
That depends...if their eventual goal is to support an Islamic Dinar as currency, it would need to be local.
How much silver do they have (assuming they'll need Dirham too)?
We eat tainted food filled with bacteria as a "natural" bacteria to prevent insects from eating away at it. Then throw pesticides across it in the hope that more insects wont land on it. Followed by microwaving our food so we might have time to catch a meal in between jobs. Both those jobs involve very little pay and are service sector jobs that will disappear eventually. Follwoed by printing of fake money to make us believe we live this great lifestyle and we will be happy as long as we carry more linen. We have been force fed cancer, neurotoxins, and brainwashed for far to long. I can't take it anymore and I don't understand why people won't just wake up. I'm tired and young just hoping for change that brings humanity back to the ground from this imaginary sky high kingdom.
http://www.youtube.com/watch?v=uCEeAn6_QJo
Like this?
It's always been this way, you're just waking up. Get a fucking grip.
Are you plowing your own fields instead of buying that evil Monsanto grub? Would you be willing to?
Have you studied anything that would allow you to work outside the service sector (being a genius, and an insatiable one at that)? Would you be willing to?
What would make you happy? What lifestyle do you want to lead? We're all ears.
Be the change you want to see in the world. It's more effective than trying to convince other people.
Would you support and participate in a national strike?
those damm whistleblowers
Silver is much better than gold. I use my 3kg silver bars to do weight-lifting every day. Gold bars are too soft to perform that function.
if you're "weight-lifting" with 3 kilograms...I'd say you have a lot more to worry about than the price of gold or silver....For god sake man...see a doctor IMMEDIATELY!
Then how heavy do you use, mate?
Not sure...how much does a pint of Guinness weigh?
A pint is roughly 0.5 litre. Guinness is lighter than water. 1 litre of water is 1kg so a pint of Guinness is around 0.5kg in my opinion.
Closer to 0.42kg, but weight-lifting would be in the 10-25kg range (for curls).
At least there is a certain satisfaction in knowing the value of your workout. Large weights would be 1000 oz bars and I'll tell you what, I have't lifted 60lb weights since college. I'm an American damnit, I sit at a desk and contribute nothing of value to society, I don't need to be strong!
LMAO - hey it's his/her first day at the gym.
BTW, where do you live:)?
That's because you are too weak to lift 3kg bars of gold.
Then you mean 3kg of silver is lighter than 3kg of gold??
It's a shade lighter. It's all in the mind.
It looks like Gadhafi will not be taking any with him where he is going.
We're all going there and nobody is taking any with them. .
Does this mean we're now going to invade Iran to "liberate" the Iranian people from their gold?
If so, the US gross debt may increase by another trillion.
The Pentagon will soon announce that it plans to liberate Iran from the Iranians. Operation Iranian Freedom.
My exact sentiments.
Time for another "Liberation Operation"!
Let's call it "Operation Iran Liberation" or OIL for short. . . .
Andrew Macquire told in an interview that he and wikileaks were working on some more silver manipulation scandals. It was said to be disclosed in March if I remember correctly. But till now there has been no update.:(
that's because andrew maguire is a fraud. he doesn't exist. never has. as for max keiser, fuck you too. here's a guy who hates goldman and jp yet promotes the fraudulent global warming scheme originated with ken lay and al gore. and while max is quick to criticize military action by the usa he hasn't said a peep about france bombing mister k daff.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_A...
Then who was speaking during that interview?
I get sick of these bizarre claims of people too lazy to even think that what they say is utterly stupid.
Now we know what all these uprisings are about now. It's not about democracy and freedom.
It's about creating cover to go in and steal and loot all gold from every Arab country.
Whoa, hold on there pardner...
Not all about gold!
Don't forget the silver and oil.
And the opportunity to free the poor peasantry from their cursed oppressors, bring freedom, democracy, peace and prosperity to all on earth, good will toward men, life, liberty and the pursuit of happiness, a chicken in every pot, BBQ ribs on every plate, a spiral ham for every man woman and child, free HBO in every room and endless rebroadcasts of Jersey Shore.
We are truly more altruistic than just looking to loot the gold.
Remember; Platitudes Before Principles.
Yes, and palladium and platinum too. Wonder when the fight for rare earths starts with China?
If the Bank of England said it it's probably bullshit.
Though I heard Mervin King eats human babies.
They have been buying "yellow cake"! One of the most destructive materials to a central banker. Properly processed, could lead to freedom and democracy.
Come on Mr Mahmoud Ahmadinejad, we're behind you son, squeeze that b*tch Blythe until she decides to do the only decent and honorable thing she has ever done in her life and jump from the nearest window.
And hope that window is at least 5 stories...
-273
And in front of a busy thoroughfare.
http://taxingtennessee.blogspot.com/2008/10/im-ok-i-landed-on-taxpayer.html
They are probably tired of getting screwed.
Is that bad?...now I feel ashamed of my 11,207 ;-)
and a qatar investment authority official as saying the Qia was interested in buying Gold and SILVER...
There isnt anymore Silver...
We have States introducing bills to mint and sell bullion {ie. Virginia}and other's introducing, and in some cases, already passing bills to make both Gold and Silver legal tender {ie. Utah} etc. And all the while the us mint cant even punch out enough eagles to meet demand.. This Silver game has such an explosive upside that is going to blow peoples minds away when it's let free..
Pop-crack-a-lacking > $1,750oz
Nope, still $1428.
When is the $1750. coming?
Soon?
How soon?
Talk to me baby!
Well I guess Iran is NOT as fucking retarded as the USA Govt.
Who'da thunk.
Let some of the common folk hit the pavement with pitchforks and torches and we'll see if the U. S. is any more tolerant of dissent as well. I think we'll see equivalent tard levels.
Just look at how tolerant Hillary was of a 70 year old man wearing a Veterans for Peace t-shirt who stood silently with his back to her as she praised anti-government protesters in Egypt:
Ray McGovern dragged out of Hillary Clinton "Freedom Speech"http://www.youtube.com/watch?v=My29YT1T4R4
The next question is: Who is selling their gold right now (actually the last few years)? Cause not enough is being mined to supply these large quantities of gold and there isn't enough on the open market to supply this demand.
My guess is that its been sold off from the Fed via an intermediary. Of course, the Fed never owned the gold to begin with... it has "leased" (effectively stolen) it from Fort Knox.
ZH.........What all this means for the future price of gold, especially with geopolitical tension in the region, and QE3 imminent, is rather self-evident."
Thats what logic would have say.... but they , the Banking , politico , religious Cabal, seems to control every fucking thing!!
You know...WHAT THE PHUCK, SPAIN! You had ALL of South America AND Mexico??? And now...and now...
Anyone else pick up on the news of direct sales of oil from Saudi Arabia to China without USD involvement? I think it just got out this weekend. Thats the biggest news of the whole month for the US dollar... down we go!!
China and Russia already trade oil in their respective currencies. In the meanwhile, The "allies" can't even overthrow Gadaffi.
Biggest news of the month indeed. Do you have a source? I tried searching the web to no avail.
google harder
http://www.marketwatch.com/story/china-russia-to-drop-dollar-in-bilateral-trade-2010-11-23
Saudi-China dropping the dollar
Idiot
can't find a source either but fits with what's happenning
The House of Saud has broken with the American 666 banksters !!
Sarah "I'm not an elite just a redneck hillbilly like you" Palin in israhole, wearing a star of david, just accused China of preparing for offensive war!
I swear I'm not an elite zionist 666 bankster toool!
You betcha!
The world makes a little more sense now. Why wouldn't they want the currency of FIRST resort? Why would the want any irredemible petorl dollars? They don't need to buy oil and they are not a vassal of the U.S. empire...yet. So their is nothing to attract them to dollars. You would have to be completely fucking retarded to rule a soverieng nation and sell your valuable oil for U.S. dollars instead of gold.
We won't stand for this though and I don't blame them for keeping it quiet. It's a death sentence and a blatent challenge to our hegemony of the Mid East. If Russia and China weren't standing in the way we would bomb them right now and steal their gold and their oil. (in the name of weapons of mass destruction or some shit of course.)
How long before the U.S. goes in to smash and grab all 300t of it?
Can't even overthrow Gadaffi.
Maybe that's the smoke-screen! Let the French take the lead there. Sure, they'll look a little foolish, but how would they feel about 30/40t of Au for a little egg on the face?
Yes-if this isn't a good reason for a preemptive strike I don't know what is.
Indeed. If the clock hasn't ticked down to a point where the U.S. is "all in" - its surely just a matter of time before these acts of desperation start to happen.
Shaking hands and playing golf in South America looks good and all, but it ain't going to help that looming 14,xxx,xxx,xxx,xxx cap. Gots to get some gold...quick!
Iran's 300 tons would barely cover 1/1,000th (0.1%) of that 14,xxx,xxx,xxx,xxx cap (or 1/100,000th [0.001%]of the probable 1.5 quadrillion true taxpayer liability).
They'll need to invade another 1,000 large gold hoarding countries to use that approach. Oooops ... now I'm encouraging them!
Hey, and if we do, then we will have what, maybe 350 tons ourselves...and we have this great big empty space called Fort Knox where we can put it!
But what will happen to the "W"...aka Tungsten?
Only military intelegence can pull pull of a heist and loose money.
It makes sense. You get in trouble for selling oil in anything but dollars. What you do with those dollars after you get them is another story.
Arabs have oil and love gold.
So do Persians.
Chinese make good affordable products and love gold and silver.
Europeans make good and expensive products and love gold and silver.
Lain Americans mine the stuff in their land.
Russians have oil minerals and love gold.
If I want anything of value from these people in the future I should probably start saving in gold and silver...or I could be like the stupid sheep and hope and pray The U.S. can keep invading countries and getting stuff much cheaper than it is actually worth. Of course soon the price tag of our Armies will cost more than the stuff we can steel so If I was a stupid sheep I would still want to get some gold and silver.
But hears the thing 300t is about 15 billion dollars that's chump change for these Governments so what's the deal.
And this will be the setup to confiscate gold from US citizens. Iran will be clearly demonized, and this demonization will include their gold "hording." This will be claimed as something that's helped kill the US economy. And by association, anyone holding gold will be demonized as well...
Iran will be demonized, already is . . . but I think you are getting a little carried away. Confiscation of wealth is easier by other means.