Bill Gross Gets It

Tyler Durden's picture

Last night, when breaking the Buba repatriation story, we summarized it simply as follows "in brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending." We are happy that the implicit message is so clear that everyone now gets it, including Bill Gross:

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jonjon831983's picture

This repatriation news finally hit the MSM earlier today.  That seemed fast...



Iam Yue2's picture

Gross the sham/an.

q99x2's picture

I believe this shortens the amount of time I have to prepare. 

lolmao500's picture

On Kudlow today :

Medicare will run out of money in 38 months!

LOL I hope it's true. BRING IT ON ALREADY!!!!!

jonjon831983's picture

It's cool.  Just put it on the tab. "Geithner says gov’t will borrow from federal employee pension fund to avoid passing debt limit"

El Hosel's picture

The country has been way out of money for a long time. Move the debt over to the taxpayers side of the ledger and order more hookers, booze, and botox.

The system runs on confidence... bring it Bithchez

P.S. How long can these Jaggoffs keep stocks and bonds up?

Insideher Trading's picture

Any of my neighbors can store their gold in my house.

Once they do, I will still allow them the privilege of calling it "their gold".

helping_friendly_book's picture

PM ETFs are but a vice to collect all the PM in one place to ease cofiscation.

The Treasury's notional value of gold is, only, $42.22 per ounce.

How many of you know this fact?

to wit:

Status Report of U.S. Treasury-Owned Gold Overview

The Status Report of U.S. Treasury-Owned Gold (Gold Report):;">
  • Reflects gold bullion and gold coins owned by the federal government
  • Summarizes the fine troy ounces and the book value of gold held by various facilities
  • Identifies the value of gold coins and bullion on display at Federal Reserve banks; coins and bullion in reserve at the Federal Reserve Bank of New York; and gold held by U.S. Mint facilities

The book value of gold is currently $42.2222 per troy ounce. The information used to compile this reporting is received from the U.S. Mint, Federal Reserve banks, and FMS.

Current Report: December 31, 2012


If you have questions about this report, please call (202) 874-9866.


They plan on giving you $42.22 for every ounch of gold they confiscate from you.

jonjon831983's picture

Never understood why they kept the book price of their gold at that.

helping_friendly_book's picture

The $42.22 per ounce nominal value cited by Treasury is a relic but, never updated. That is what you will get when they come for your stash. That is why I won't chance holding gold.

You don't think they will let you play on their court do you?

Get used to it.


Northern Lights's picture

I live in Canada and have 2, 1oz gold American Eagles.  One of which I drove into the States to purchase.  Not too sure how Obama is gonna get his hands on it though.

TheFourthStooge-ing's picture


That is what you will get when they come for your stash. That is why I won't chance holding gold.

You're taking a much bigger chance not holding it.

You don't think they will let you play on their court do you?

Who would want to play on a burning court?

Get used to it.

Things change. Get over it.

helping_friendly_book's picture

I have no other way to purvey my conviction tptb will never tolerate any notion of allowing equality, allow equal footing or equal terms to diminish their, demonic, power.

tptb will kill half the men, and women if they must, on this planet to maintain the status qou.

I am a student of history, ground down by the years of struggle to maintain a warm and dry place to sleep and a warm meal. To fantasize otherwise has only been folly. Life is not fair. Some are more equal than others. To try and honestly match a cheater will always end in ruin.

When you rule out violence and dishonesty you will spend your life reckoning with entropy.

I have resigned myself to my fate. To, try and, feel blessed for what I have and not bitter for what I lack.

I am what I is.


Cathartes Aura's picture

being present, and comfortable with whatever that "is" for you puts you leagues ahead of anyone holding "visions of sugarplums" dancing in their heads.


helping_friendly_book's picture

who junked me? For what? Misspelling? Jeez!

Ralph Spoilsport's picture

They can't come for PM coins paid for in cash at coin dealers that let you wear a Groucho Marx disguise while not carrying a cell phone.

TheFourthStooge-ing's picture


They plan on giving you $42.22 for every ounch of gold they confiscate from you.

They'll get about 150 grains of lead and like it.

Ralph Spoilsport's picture

Dispensing lead to PM and gun confiscators has been approved.

Cathartes Aura's picture

it's the   like it   part that got my upvote, heh.

joego1's picture

Honey! Pimpco said bury more gold!

new game's picture

90 percent of change happen in 10 percent of time.




Alhazred's picture

Honestly, i am sooooo over this shit.


Time to take a trip to france to unwind

***must remember to bring a tower shield to save me from evil left wing protesters.

Ralph Spoilsport's picture

Cognac tastes like cough syrup.

moonstears's picture

You have to warm the Cognac filled glass in your hand 10 mins or so. Buy better stuff, too! No syrup taste.

Frenchie's not so good at warfare, but Cognac, not too bad!


Alhazred's picture

Honestly, i am sooooo over this shit.


Time to take a trip to france to unwind

***must remember to bring a tower shield to save me from evil left wing protesters.

moonstears's picture

Having a Hennessee VSOP as I type this. Ahh Cognac.

The Duke of New York A No.1's picture

The only real clout the Bond Vigilantees have these days is to buy PHYISICAL Gold or Silver .... fighting the Fed on a paper/bond level is like going on a Twinkie diet - not very healthy.

strangeglove's picture

It seems to me that based on these past few gold articles there less than 1 oz gold per person in the USA. That ain't much!
What's the big deal?

Haole's picture

Well of course, knowing the game and making the rules as they go along again, they know all the other kids aren't to be trusted inherently. 

I can't believe we're living through the world's first quasi-global reserve currency collapse and as it's taking a really long, grinding time I have to say, I'm a little dissapointed so far.   People like us want to see Rollover, not The English Patient...  ;)'s picture

And certainly not The Unbearable Lightness of Being.

The Duke of New York A No.1's picture

Physical Gold Buyers/Repatriators are the new Bond Vigilantees. 

Son of Loki's picture

"Possession is 9/10ths of the law."


Better to have it in your possession then letting it be 'Corzined.'

earleflorida's picture

"Ground Control to Major [Tom]'Bernanke"-- perhaps Captain Krug'errand`man?, can meet the Martian's Half-Way?'

Gold... for your eye's only???   

stateside's picture

Of course this German repatriation news is not allowed to be talked about on CNBC and Bloomberg.  However, watch Part 1 of the 1:30 PM market call on BNN (Canadian Business Network).

You can watch the stream for $6.95/month - infinitely better if you prefer PM over Paper.





Hey ZH writers: where is the outrage over the second ammendment bloodbath I'm taking here in NY?

H E D G E H O G's picture

who voted these twerps fucktards IN?

helping_friendly_book's picture


You didn't know?

Voting machines are programmed, by the Board of Directors, during their annual meeting.

blackcrow's picture

Simon says " I want my gold back"

(Die Hard with a Vengeance - 1995)

blindman's picture

"..Any gains by the large middle and lower classes will tend to be short term and illusory, involving more household balance sheet problems and debt until the system is reformed. Some of this has to do with a policy bias that considers the vast mass of the people as consumers, but not as workers.

Merely adding more financialized money into an unreformed system will further compound the problems, and ultimately force a more significant crisis and change. This is true whether done does it via more debt issuance or flashier gimmicks like modern monetary totems.

The underlying social tensions can only be ignored by the comfortable for so long. As a corollary, applying austerity without reform is insanely self-destructive. The proof of this is forthcoming.

Japan has been able to hold their system together for a protracted period of slack recovery due to their demographics, their industrial policy position in the world economy, and a largely homogeneous and communal society that cares for its own. The US and the UK will have a shorter half life I am afraid.

The situation is Europe is a bit different, and likely to result in serious dislocations in their organizational fabric fairly soon if some of the problems there are not addressed. The monetary union without fiscal cohesion is inherently unstable. Only fraud allowed it to last as long as it did.

There is a possibility that the current policies in the US may succeed if austerity if not applied, and something happens in the currency war to affect the balance of trade. I am not optimistic So let's see what happens.

The UK may provide a good counter example to the US Some new school of economic thought may find some useful data from that, if they can free themselves from the 'say for pay' mentality that currently impairs the public policy discussion in a disgraced profession."
15 January 2013
Money Supply Figures: Monetary Inflation But Real Economy Is Dysfunctional

Harry Dong's picture

I think you missed the best quote from this :

Aggregate demand is not stimulated because sufficient money does not reach consumers, as it passes through a corrupt and broken financial and political system, being diverted largely to insiders at 'the top.'  Nothing could be more clear than looking at the statistics regarding income inequality.

blindman's picture

regarding jca quotes, it is hard to highlight
the most salient and important, thanks.

newengland's picture

Pimpco, German owned, does get it. The central banksters fall out among themselves. No physical bullion will cross the See. 

They are just quibbling about the price, and gaming each other.

hawk nation's picture

Anyone that travels should do so with a few onces of gold and silver in their possession. I cant predict when the collapse will occur but i can prepare

IamtheREALmario's picture

There are a couple of power centers that need to be destroyed for a global empire to take hold under the control of a communist (its not really communism) dictator.

1. Congress, which has no credibility and by not exerting its power is being systematically neutered and destroyed. I wonder if they know that they are digging their own graves... they know too much to be allowed to stay around when the power grab comes into the open.

2. The banks. The banks will be blamed for making people poor through their greed. They will be sacrificed as well... and they do not realize that they are also digging their own graves. In reality the overspending (and other tactics) by Obama is destroying the people who could challenge the power grab.

Think Stalin. Think Mao. Think Hitler. IMO, When it comes, it will be brutal and those who think they are important and powerful will be purged. It is not the common man that should be most afraid. It is those who are not using their power now to stop it. The common man will at first applaud the purge ... then they will not.

Why are the Islamic countries being attacked? They are not within the circle of power and must be put under control, otherwise they could cause real problems, not just made up problems. I wonder if the media leaders will survive.

alfbell's picture

What's the use in buying bars and bullion?

People are going to finally wake up and start buying gold and by then it will be $5,000+/oz (if there is any physical left). They'll use their cash, they'll liquidate assets for cash to buy, they'll trade, etc. and then the government will confiscate and give everyone $42.22/oz for their gold. Those who bought earlier will just have less of a loss.

The governments, CBs and international bankers win.

akak's picture

And the point of your specious, fearmongering speculation was .....?

Yes, EVERYONE is going to wait until the very peak price before buying gold, they'll liquidate ALL of their other assets to do so, and then the government WILL 'confiscate' (door-to-door) all of that gold, every bit of it, for all time.

Are you Jon Nadler?


Allow me to propose an alternative (and much more likely) scenario:

What's the use in buying stocks and bonds?


People are going to finally wake up and start buying stocks and US Treasuries and by then the Dow will be 25,000 and long-term interest rates will be 0.5% (if there are even any government bonds left). They'll use their cash, they'll liquidate assets for cash to buy, they'll trade, etc., and save it all for retirement, and then the government just will confiscate their IRAs and 401k accounts and give everyone a "guaranteed lifetime annuity" (that will yield a nominal 3%, and a real annual loss) for their investment savings. Those who bought earlier will just have less of a loss.


The governments, CBs and international bankers win.

alfbell's picture

Point? What I wrote was my point.

It happened in the Great Depression.

It is going to happen on a larger scale this time because it will be the Greater Depression.

You'll either turn in your gold and get something back that you can use to survive.

Or, based on your "principles", you'll go "illegal" and not turn it in. And then you'll just sit and look at it for the rest of your life all frustrated by the fact that you can't use it to buy the things you need to survive.

Goldbugs are as difficult to reason with as Born Again Christians.

akak's picture

You sound like a typical, ignorant, conformist paperbug who is desperately trying to convince himself that his faith in government promises and government-issued paper is not misplaced, all the while subconsciously realizing that he is well and truly fucked unless he chooses to finally grow a spine and take action contrary to his government-sponsored programming.

You should listen to your subconscious.

overmedicatedundersexed's picture

how much gold does syria have and where is it .....NYC,,, Seems we need to liberate another ME kingdom, to return the riechland's gold

PMakoi's picture

German gold in FBNY
Bubba wants their gold.
FBNY nods and yawns, “Well then let’s figure out what we owe those Krauts.”
German gold, all official 3,396 tonnes
German gold, of which 45% is held in New York
3396 x 45% = 1528.2 tonnes

Gold is measured in Troy ounces and 1 Troy ounce equals 1.0971428571 ounces.
1 metric tonne = 32,150.746 Troy ounces
1528.2 x 32,150.746 = 49,132,770.0372 ounces

Book Value @ Federal Reserve/Treasury = 42.22 per oz
49,132,770.0372 x $42.22 = $207,438,555.970584

$207,438,555.970584 / $1,678 (currently) = 1,236,225.00057847 ounces.

FBNY says, “Gee Willakers, looks like we have to buy some gold for Germany”, tallies the book value, goes to the Comex and places an order. Tells Germany that their contract order is in and will be held for delivery. Germany objects, complaining, “Ve have more than 49 million ounces of gold vith you! Und, you vant to pay us vith a mere 1.2 million ounces? Dis ist robbery!!”

FBNY responds, “Your gold has vaporized”.
Germany ends up with less gold, or receives delivery in GLD, or FRN’s. Lawyers or guns, bitchez??