A regular commentor on the FOFOA site said that ~70% of the world's gold is stored in NYC vaults. This is the basis for Jim Rickard's tweets a couple months back that 'Germany will never see its gold.' By holding (read: comandeering) 70% of the world's gold, the US has the leverage to dictate a new world currency, and n.w.o.
70% of the worlds gold is not in NYC. It never has been, and there is question as to whether the NY Fed still has all the gold it claims to. There have been ebbs and flows ever since the ww2 hoarde was built, but the general direction has been out of NY.
Although we all want to get giddy on these up days, remember that it is best to just keep going about our business. Some of us used to own gold and silver until that awful boating accident. Others of us went to Bartertown and spent our gold on drugs and hookers or some really bitchin' motorcycle that we promptly wrecked. We're not as anonymous as we would like to be, even here on ZH. It's nice to say "We told ya so," and we did, but it's best to not make too big of a scene. Sure, we're all armed and all, but the best battle is one you never have to fight.
Officially held gold chart needs questioning:
If the Netherlands admits it only actually holds 1/3 of its physical gold in country, then 2/3 is on paper.
If Germany says 1/2 of their physical gold is in country, then 1/2 is on paper.
If ETF's are only a proxy for " the price of physical" where is the physical.
If all other countries physical holdings are somewhere else, then where is that somewhere else.
Has the physical, over the past 100 years, made its way to the Indian population. Is India the greatest fear of all central banks?
A regular commentor on the FOFOA site said that ~70% of the world's gold is stored in NYC vaults. This is the basis for Jim Rickard's tweets a couple months back that 'Germany will never see its gold.' By holding (read: comandeering) 70% of the world's gold, the US has the leverage to dictate a new world currency, and n.w.o.
70% of the worlds gold is not in NYC. It never has been, and there is question as to whether the NY Fed still has all the gold it claims to. There have been ebbs and flows ever since the ww2 hoarde was built, but the general direction has been out of NY.
Likely all claimed by Wall St. banks, a dozen times over.
Although we all want to get giddy on these up days, remember that it is best to just keep going about our business. Some of us used to own gold and silver until that awful boating accident. Others of us went to Bartertown and spent our gold on drugs and hookers or some really bitchin' motorcycle that we promptly wrecked. We're not as anonymous as we would like to be, even here on ZH. It's nice to say "We told ya so," and we did, but it's best to not make too big of a scene. Sure, we're all armed and all, but the best battle is one you never have to fight.
I lost all my gold when I was double-crossed by that low-down back-stabbin' varmit, that wascawy wabbit...thufferin' thuccatath!
so that means i own about 1/8,000,000th of the world's gold from all my CFD positions. I'm going to be rich when all the CFDs sell out
BOLD, gitchez.
Be BOLD!
HOLD your GOLD,
dont listen to what you are TOLD,
or you'll be SOLD!
why do economists at new york times hate gold? is missing
because they are paid to do so
Gold, bitchezoids!
Velocity of gold 0.024 per year. Greshams Law Bitchez