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All Aboard The Gold Repatriation Train: First Germany, Next: The Netherlands?

Tyler Durden's picture


While moustachioed managers, contrary to the far better insight of their superiors, and mainstream spivs are trying to talk down Germany's somewhat stunning shift in thinking - i.e. to repatriate its gold - as nothing but political pandering (or cost-saving); it seems, just as we predicted, the rest of the world are seeing this crack-in-the-confidence-armor the same way we have suggested. As we noted here, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best (then the second, or even the third perhaps) and sure enough, via RTL, we see the Dutch CDA party has requested that Holland's gold supply be repatriated. Who next?

The Dutch government says it has 612 tonnes of gold - with a value of around E24 billion - and is thereby in the top 10 of countries with gold reserves. The bulk of the Dutch gold reserves is in America and, to a lesser extent, in Canada and the United Kingdom. The rest, about 10 percent, is in Amsterdam.


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Wed, 01/16/2013 - 15:59 | 3159211 economics9698
economics9698's picture

42 years of fiat hell may just be about to end.

Wed, 01/16/2013 - 16:04 | 3159227 Popo
Popo's picture

The best way to think of this gold repatriation panic is to remember the Burning Theater rule:   If some people panic and run, other people will die.   But if everyone walks calmly to the exit everyone will live.  


So... what should you do?  



Wed, 01/16/2013 - 16:05 | 3159251 The Juggernaut
The Juggernaut's picture

The globe is in a house call! Who will default on the gold delivery, bitchezzzz?!?

Wed, 01/16/2013 - 16:08 | 3159267 Pladizow
Pladizow's picture

Starting with a domino 5 millimeters tall and increasing each successive domino by 150%, the 29th domino will be large enough to topple the Empire State Building.

Wed, 01/16/2013 - 16:13 | 3159283 ParkAveFlasher
ParkAveFlasher's picture

Unfortunately, the only means to ship the Dutch their very dangerous and cumbersome gold from NYC is mass-sponge-migration-tow along the Atlantic seabed. 

ETA: 2020

Wed, 01/16/2013 - 16:19 | 3159317 trav777
trav777's picture

Dutch gold is also buried underneath a lot of other stuff

Wed, 01/16/2013 - 16:22 | 3159332 THX 1178
THX 1178's picture

They call this a positive feedback loop. Whoever they are.

Wed, 01/16/2013 - 16:36 | 3159405 Manthong
Manthong's picture

You could fit 600 tons of gold in the back of a regular semi with room to spare.

I wouldn’t give you much for the suspension or the asphalt under the collapsed wheels, but volumetrically speaking, you could do it.

It's just a good thing that global mining capacity can replace all the leased gold that does not yet exist in short order.. or on a German time scale, 7 years.

Wed, 01/16/2013 - 16:45 | 3159444 ziggy59
ziggy59's picture

A ton of gold is a 15 x15 x 15 inch cube

Wed, 01/16/2013 - 16:49 | 3159457 The Juggernaut
The Juggernaut's picture

...So wait.  The first two countries have most of their gold in the USA?

Wed, 01/16/2013 - 17:04 | 3159547 Manthong
Manthong's picture

Um, more like most of their “notional” gold in the USA

--(hypothecated) gold and gold receivables.

Does anybody have any evidence at all, given the fiduciary performance of the elites in control of all banking, sovereign and commercial, that, the same practices that apply to all other “assets” do not apply to gold accounting?

..I didn’t think so.

Wed, 01/16/2013 - 17:26 | 3159648 Kitler
Kitler's picture

"Only when the tide (gold) goes out do you discover who's been swimming naked."

@Warren Buffet

Wed, 01/16/2013 - 17:43 | 3159729 DaveyJones
DaveyJones's picture

it's a different kind of love

Wed, 01/16/2013 - 16:53 | 3159482 ParkAveFlasher
ParkAveFlasher's picture

What's most problematic is that gold doesn't float (except during terrible storms).  This complicates the feasibility studies somewhat, also, gold doesn't react to salt, and as everyone knows, salt does indeed float.

Wed, 01/16/2013 - 17:39 | 3159709 DaveyJones
DaveyJones's picture

salt and no floating - sounds like Osama

Wed, 01/16/2013 - 17:20 | 3159624 Albertarocks
Albertarocks's picture

I knew gold was heavier that steel, even heavier than lead.  But that heavy?  I thought you were exaggerating so I worked it out.  You are correct.  Wow!  [14.2" actually]

Wed, 01/16/2013 - 17:40 | 3159718 ParkAveFlasher
ParkAveFlasher's picture

Welcome to the party, pal!

Wed, 01/16/2013 - 17:45 | 3159728 Albertarocks
Albertarocks's picture

Thanks, pal!  The answer is: an Olympic sized swimming pool to a depth of 18 feet.

Wed, 01/16/2013 - 16:48 | 3159452 Enslavethechild...
EnslavethechildrenforBen's picture

Just send them a few GLD shares. It's the same thing, right?



Wed, 01/16/2013 - 17:42 | 3159724 CPL
CPL's picture

I believe that's the plan...that or tungsten after the germans seperate the real from the foil wrapped.


See, it's who is last in line is the one that loses here.

Wed, 01/16/2013 - 18:12 | 3159850 BoNeSxxx
BoNeSxxx's picture

And people call Hugo Chavez nuts... if memory serves correctly, he beat the Germans to the head of the line by about a year. 

Crazy alright... crazy like a fox.

Wed, 01/16/2013 - 19:15 | 3160126 Pseudo Anonym
Pseudo Anonym's picture

deep storage:

It's just a good thing that global mining capacity can replace all the leased gold

Wed, 01/16/2013 - 16:27 | 3159360 resurger
resurger's picture


Thu, 01/17/2013 - 02:45 | 3159371 jaap
jaap's picture

RTL Z beurscomentator Mathijs Bouman vindt dat terughalen van het Nederlandse goud logisch lijkt, maar het niet per se is: ''in 1938 is een flink deel van de Nederlandse goudvoorraad naar Londen en de VS verscheept. In de Tweede Wereldoorlog namen de Duitsers echter het goud dat in Nederland was achtergebleven mee. je kunt dus beter de goudvoorraden spreiden''.


Unless the Americans are the new Germans....

Wed, 01/16/2013 - 16:19 | 3159318 Biosci
Biosci's picture

Oh come on, Ray.  The sponges migrated about a foot and a half.

Wed, 01/16/2013 - 16:19 | 3159321 AlaricBalth
AlaricBalth's picture

Johann van der Smut wants his gold back. He loves GOLD!!!

Wed, 01/16/2013 - 18:34 | 3159671 Al Gorerhythm
Al Gorerhythm's picture

German ETA: 2020

(Bump, trample, trample,  KERTHUMP, squish, squish...... Stretcher bearer!!!!)

Dutch ETA : 2013.

Eat shit, Buba. 

Wed, 01/16/2013 - 16:14 | 3159289 Spider
Spider's picture

It only takes 612 tons of gold to make the top-10 list??  God help us if countries want to try to buy gold to actually back up their currencies...

Wed, 01/16/2013 - 20:54 | 3160517 Citxmech
Citxmech's picture

At least until Au is revaluated at $50k+/oz.

Wed, 01/16/2013 - 16:15 | 3159296 CH1
CH1's picture

"Sure! Here are a pile of rehypothecation receipts. Go right ahead and find your gold."

Wed, 01/16/2013 - 16:17 | 3159306 redpill
redpill's picture

2013, the year of vaporization

Wed, 01/16/2013 - 16:51 | 3159479 TIMBEEER
TIMBEEER's picture

2013, long Tungsten, long Trees/Pulp

Wed, 01/16/2013 - 17:58 | 3159797 FEDbuster
FEDbuster's picture

"Where is the GOLD???"

"Those are IOUs, they are as good as gold.  That one is for 500 kilos, you might want to hang on to that one."


Wed, 01/16/2013 - 16:20 | 3159324 Looney
Looney's picture

Speaking of rehypothetication...

There’s a simple, but very effective way to UN-HYPOTHECATE them. Just go to your bank and withdraw whatever money you have there – checking, saving accounts – all of it! Just leave a few hundred bucks to keep it open and, maybe, avoid paying the fee.


Every time you withdraw $10,000 of YOUR MONEY, you hurt them multiples of that… Basel II’s Capital Ratio requirement is 8%, so your freshly-withdrawn 10K actually costs your bank $125,000.


I ain’t no financial genius, nor an expert, but I figure that if a lot of people start withdrawing simultaneously (say within a week or a month), those bastards WILL feel it!




Wed, 01/16/2013 - 16:48 | 3159454 enloe creek
enloe creek's picture

I use a credit union which is about the friendliest place I do business with.  they have a low fee structure and online service is great, coffe in the lobby, what a deal


Wed, 01/16/2013 - 17:10 | 3159572 Freddie
Freddie's picture

Credit unions are better but they probably hold your account and others in a master account at Bank America, Chase or some other shithole.  Montana actually has a state bank. 

Wed, 01/16/2013 - 17:55 | 3159784 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

North Dakota as well.

Wed, 01/16/2013 - 16:58 | 3159517 Groundhog Day
Groundhog Day's picture

a good ol fashion bank run will do the trick.  bring down the house of cards real fast

Wed, 01/16/2013 - 17:30 | 3159658 Albertarocks
Albertarocks's picture

"Every time you withdraw $10,000 of YOUR MONEY..."

YOUR MONEY... exactly.  If you have your money in a bank, you're renting it to the bank.  The bastards are lucky to have it and the rent is way too low.  And they treat us like shit when we walk in there as if we're some sort of dirtbags who are lucky to even be their customers.  Fuck that... THEY ARE THE LOWLY RENTERS.  WE ARE THE OWNERS.  I agree with you totally and 100% and completely.  Take it away from them for a few months and see how long it takes for the arrogant bastards to start puking up blood.  Not very freakin' long.

Wed, 01/16/2013 - 18:45 | 3160000 CheapBastard
CheapBastard's picture


Wed, 01/16/2013 - 19:24 | 3160148 Pseudo Anonym
Pseudo Anonym's picture

even better than

Just go to your bank and withdraw whatever money you have

is to take possession of good delivery bars of gold and silver (1000oz) right off the comex. each bar is leveraged, supposedly, 100x.  just imagine the damage: each 1000oz good delivery silver bar delivered into private hands  destroys 100,000 oz of derivatives (paper silver). same goes for gold.  that is how one destroys the fraudulent system the quickest.  not by withdrawing paper dollars or buying stupid eagles that are already de-leveraged.

Wed, 01/16/2013 - 19:53 | 3160289 Pseudo Anonym
Pseudo Anonym's picture


Every time you withdraw $10,000 of YOUR MONEY, you hurt them multiples of that

are you suggesting that the central banks cannot print what was destroyed??  on the other hand, take 1000oz good delivery silver bar off any exchange and see "them" print a replacement bar.  game over, for fiat, if enough silver bars is taken off the wholesale market.

Wed, 01/16/2013 - 17:51 | 3159765 Racer
Racer's picture

And that is what they are doing with the US debt albeit a bit slower!

Wed, 01/16/2013 - 16:55 | 3159498 Groundhog Day
Groundhog Day's picture

It's "Tradition" to ask for your "barbaric relic" back

Wed, 01/16/2013 - 17:53 | 3159771 greensnacks
greensnacks's picture

45% of German gold sits in the US and they are planning to scale that back to 37% over the next 7 YEARS. Just seems more like housekeeping than some sinister, doomsday fiat armageddon. If the they suspected something was amiss, wouldn't they just try and take it all, in the next month? They are setting goals, 7 years out no-less, to have 1/2 THEIR gold on THEIR homeland. Seems reasonable for them to ask for a few of their barbaric relics back.

Wed, 01/16/2013 - 21:46 | 3160691 GCT
GCT's picture

Agree green.  But there ae two sides to every story.  They may be doing this slowly so as not to cause a serious rise in gold pricing.  One commentor may well have hit the nail on the head by stating they may indeed need to mine the gold to give to the Germans.  I think there is a shift in trust amongst the CB's or this would not be happening.  But who really knows.

Thu, 01/17/2013 - 10:59 | 3162165 fredquimby
fredquimby's picture


Thu, 01/17/2013 - 13:33 | 3162865 kchrisc
kchrisc's picture

But here, even if no one runs, someone is going to die because they leased/ sold that gold long ago. Better go to Beijing for it.

Wed, 01/16/2013 - 16:03 | 3159237 Alpo for Granny
Alpo for Granny's picture

"Hey Beavis....this is gonna be cool" uh huh huh huh

Wed, 01/16/2013 - 16:23 | 3159340 resurger
resurger's picture

I just love this chain reaction ....


Wed, 01/16/2013 - 16:34 | 3159393 AlaricBalth
AlaricBalth's picture

Auric Goldfinger: Forgive me, Mr. Bond, but, uh... I must arrange to separate my gold from the notorious Mr. Bernanke.

Wed, 01/16/2013 - 16:39 | 3159415 youngman
youngman's picture

The only onew who will keep it in the USA or London will be the Dictators, Socialists, Communists, Crooks, and Politicians....the ones that might have to run at any moment

Wed, 01/16/2013 - 16:52 | 3159483 TIMBEEER
TIMBEEER's picture

Members of the Congress, O'Hummer, the Fed and all 3 letter agencies?

Wed, 01/16/2013 - 16:25 | 3159348 Freddie
Freddie's picture

The Germans and Dutch do not trust a usurper muslim community organizer.  Who would have thinked-ed it? 

Hope & Change-choom.

Aaron Swartz, his family and friends would have still voted for him with the rope around Aaron's neck and as the T--*S**A goons were kicking the chair under Aaron's feet.

Thu, 01/17/2013 - 04:43 | 3161491 PhilofOz
PhilofOz's picture

Why the hell do you keep referring to him as a muslim when he has himself surrouded by the ones that despise Muslims the most, (many dual citizen) Ashkenazi Zionists?  Are you trrying to throw the lesser thinking people off the scent of what's going on in the USA?

Wed, 01/16/2013 - 18:11 | 3159844 Snakeeyes
Snakeeyes's picture

Yet Democrats, Marxists and the ilk still kling to the infinite spending, infinite debt and infinite money supply argument as somehow a good thing and no danger.

I think Germany and the Dutch see the end game.

And Democrats want to do away with the debt limit in the USA. Bwahahahahaha!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Wed, 01/16/2013 - 20:07 | 3160341 LongBalls
LongBalls's picture

Good God. If the gold is gone, and it most likely is, the entire world would be justified in an invasion. This will go down as the biggest wealth transfer in the history of the world. And those that took advantage of the gold smack downs by consuming the leased out gold will partake in the next one! HOLY COW this could be devastating to many........

Thu, 01/17/2013 - 06:08 | 3161552 hansg
hansg's picture

Guys, don't worry. Our politicians are fully dedicated to the NWO and would never do anything to disrupt the coming formation of the global government and currency.

They might need a bit of cash on hand to give to Greece, Spain, Portugal, Italy, and France - that's all. Actually doing whatever is the best for the Netherlands or the Dutch people is MOST CERTAINLY not on their to-do list.


Wed, 01/16/2013 - 16:00 | 3159214 sdmjake
sdmjake's picture

keep stacking...

Wed, 01/16/2013 - 16:34 | 3159391 lemonobrien
lemonobrien's picture

love dat ass.

Wed, 01/16/2013 - 16:03 | 3159216's picture

This will finally help to lower the Pirate unemployment rate

Wed, 01/16/2013 - 16:16 | 3159242 bigdumbnugly
bigdumbnugly's picture

yeah, seems those somalians don't bother with the asking part.

Wed, 01/16/2013 - 16:21 | 3159326 Joe Davola
Joe Davola's picture

Curse your fast fingers <grin>

Wed, 01/16/2013 - 16:00 | 3159218 lolmao500
lolmao500's picture

Well the Netherlands is one of the last few AAA countries left so they better get to it.

Wed, 01/16/2013 - 16:00 | 3159225 Atlantis Consigliore
Atlantis Consigliore's picture

and (like your guns).....stolen, rehypothicated, MF'd, Schtupped...its gone....

Wed, 01/16/2013 - 16:02 | 3159229 pods
pods's picture

The Dutch CDA party must meet in a coffee shop.


Good luck with that.

Like calling your lunch money that the schoolyard bully stole yours while it sits in his pocket.


Wed, 01/16/2013 - 16:56 | 3159502 TIMBEEER
TIMBEEER's picture

In the US, the CDA would be called a "terrorist organization"

In Europe, we call them "cheap populists"


Long boats, paddling equipment.

Wed, 01/16/2013 - 16:02 | 3159233 Kaiser Sousa
Kaiser Sousa's picture

"people all over the world

join in...

its called the Gold Train - Gold Train..."

hope the O'jays is cool with me jackin' their tune...


Wed, 01/16/2013 - 16:03 | 3159234 stant
stant's picture

guess we know why mali and africas in the news. gota replace whats not in vault anymore

Wed, 01/16/2013 - 21:08 | 3160557 Dave Thomas
Dave Thomas's picture


Wed, 01/16/2013 - 16:04 | 3159245 debtor of last ...
debtor of last resort's picture

CDA lost a lot of seats in parliament lately. Maybe a popular move, but with only 10% in A'dam we should hurry... But, you were right Tylers, again. Next!

Wed, 01/16/2013 - 16:05 | 3159246 Ham-bone
Ham-bone's picture

And cue Goldmember..."isn't that weird"

Wed, 01/16/2013 - 16:04 | 3159248 stiler
stiler's picture

Cleave US tentacles

Wed, 01/16/2013 - 16:05 | 3159254 q99x2
q99x2's picture

Ya the writing is on the wall for WWIII as well and I've a strong desire to go back to work. Something doesn't seem right.

Wed, 01/16/2013 - 16:06 | 3159255 L_Conquistador
L_Conquistador's picture
Netherlands:   "Give us our gold." FED (doing a Jimmy Stewart impression):     "No, but you're thinking of this place all wrong, as if we have the gold back in a safe. The gold's not here. Well, your gold's in Joe's ETF, that's right next to yours. And in the Kennedy hedge fund, and Mrs. Makelin's mutual fund, and a hundred others. You're lending them the gold to build commodities investments, and then they're going to pay it back to you as best they can. Now, what're you going to do, foreclose on them?" Netherlands:  "I got 612 Tonnes of gold in here, and 612 Tonnes isn't going to break anybody."
Wed, 01/16/2013 - 16:08 | 3159269 SmallerGovNow2
SmallerGovNow2's picture

It's a wonderful life!!!

Wed, 01/16/2013 - 16:22 | 3159331 Freddie
Freddie's picture

Old man Potter runs GLD. 

How do they unrehypothicate all this shit.

Hope & Choom.

Wed, 01/16/2013 - 17:02 | 3159541 css1971
css1971's picture

That film is total banker propaganda.

Wed, 01/16/2013 - 16:07 | 3159266 Cognitive Dissonance
Cognitive Dissonance's picture

I'm taking my (Gold) football and going home.

Wed, 01/16/2013 - 16:08 | 3159270 Smuckers
Smuckers's picture

All your gold are not belong to us.

Wed, 01/16/2013 - 16:58 | 3159516 TIMBEEER
TIMBEEER's picture

All your gold are is our fair share.

Wed, 01/16/2013 - 16:09 | 3159273 SpanishGoop
SpanishGoop's picture

Never going to happen.

Dutch parliment are a bunch of cowards.

They will be the last rats to go down with the ship.


Wed, 01/16/2013 - 17:14 | 3159593 Gene Parmesan
Gene Parmesan's picture

If they insist, TPTB may have no choice but to turn to the one distraction big enough to change the subject: War.

Wed, 01/16/2013 - 16:11 | 3159276 semperfi
semperfi's picture

fixed it:

"the Dutch CDA party has requested that Holland's TUNGSTEN supply be repatriated."

Wed, 01/16/2013 - 16:13 | 3159281 yogibear
yogibear's picture

So when is the SHF? Like an overnight devaluation coming. 

Who's going to do the big one first?

Wed, 01/16/2013 - 17:36 | 3159697 Muppet Pimp
Muppet Pimp's picture

Japan deserves this honor me thinks

Wed, 01/16/2013 - 16:14 | 3159288 Racer
Racer's picture

Why on earth anyone would trust the most indebted country in the world with the bulk of their gold is beyond me..

Like giving an thirsty alcoholic your finest bottle of vintage champagne for safe keeping saying you will pick it up next year

Wed, 01/16/2013 - 16:19 | 3159322 tango
tango's picture

The power of perception is in the short term far stronger than numbers, logic or reality.  ZH posters have been prediciting eminent doom for years yet we manage to muddle along.  Of course, we are building the bridge further and further over the water and at some point, it will break.   But the power of central banks is almost as strong as the world view that government's role is to take care of people.   Those are are in a deadly embrace to the bitter end.  

Wed, 01/16/2013 - 16:35 | 3159400 ziggy59
ziggy59's picture

Zackly... Who knows what promises and threats are made with the scumbuckets of the world?

Wed, 01/16/2013 - 16:52 | 3159481 enloe creek
enloe creek's picture

cause they were scared of the russians 


Wed, 01/16/2013 - 16:15 | 3159295 Volaille de Bresse
Volaille de Bresse's picture

2013 THE year the system finally blows up? 


About time, I've been waiting for this since 2010...

Wed, 01/16/2013 - 16:20 | 3159325 semperfi
semperfi's picture

2006 for me - and the wife is really pissed cuz I told her we'd be rich within 5 years - hurry it up dammit!!!

Wed, 01/16/2013 - 16:58 | 3159522 ParkAveFlasher
ParkAveFlasher's picture

Watch two Keiser Reports and call me in the morning.

When he says "$500/oz silver" it's like I just took a percoset.

Wed, 01/16/2013 - 16:15 | 3159297 Atlantis Consigliore
Atlantis Consigliore's picture

"Devaluation?  Devaluation? Like Yen 400:1 buck,   (soros guy)  do they sell $ 1 trillion in treasury bonds first.

 Exit stage left..... quick, close those mines, platinum is a strategic guys.

 gun registration  then GOLD REGISTRATION.....oops. 


Wed, 01/16/2013 - 16:17 | 3159302 Shakes
Shakes's picture

Beware of Germans bearing Gold Certificates...

Wed, 01/16/2013 - 16:20 | 3159304 geminiRX
geminiRX's picture

A good counter argument:

Indeed.....what if it is truly all there?

Wed, 01/16/2013 - 16:24 | 3159343 tango
tango's picture

As far as I know the only evidence that gold is missing is the word of blog posters and You Tube videos.  I have heard nothing factual suggesting that it does not exist.  Now, it may very well have vanished but I'll need more evidence than someone "knows" because Aunt Tildy said cousin Sarah's third husband had an inside scoop.

Wed, 01/16/2013 - 16:30 | 3159373 geminiRX
geminiRX's picture

I agree, and if gold is missing then joe public will be the last to know

Wed, 01/16/2013 - 16:34 | 3159396 zerozulu
zerozulu's picture

Joe public still believes US$ is backed by GOLD.

Wed, 01/16/2013 - 18:03 | 3159818 DoChenRollingBearing
DoChenRollingBearing's picture

FOFOA believes that the gold is there as advertised.

And he sees gold (physical) going to $55,000 after the reset.

Wed, 01/16/2013 - 16:44 | 3159440 SpanishGoop
SpanishGoop's picture

It is all there, just try to get it back.

Good luck Gremany.


Wed, 01/16/2013 - 17:25 | 3159646 rpboxster
rpboxster's picture

Whether it's all there isn't the main takaway.  It's that the current paper system is built solely on trust, and gold repatriation is the opposite of trust.  If people start asking why CBs want their gold back, maybe they will wake up to the fact that gold is money, not the paper they've been told is money.

Wed, 01/16/2013 - 18:11 | 3159838 JLee2027
JLee2027's picture

I don't see their Gold coming back. It's gone, been sold into the market. After a loss of trust comes a widespread rejection of the US Dollar, followed by a bond market collapse is my best guess.

Wed, 01/16/2013 - 16:17 | 3159310 TrumpXVI
TrumpXVI's picture

The Dutch aren't in the same situation as the Germans.

Once the Euro dies and Europe descends into total anarchy once again and the tanks roll through the "low countries" again, then the Dutch will suddenly remember why they parked their gold here in North America.

Wed, 01/16/2013 - 16:19 | 3159313 Joe Davola
Joe Davola's picture

Wonder if the Somali pirates freelance in other territorial waters.

Wed, 01/16/2013 - 16:59 | 3159527 SilverRhino
SilverRhino's picture

That would be hilarious if another navy came in and attacked the ship.   

Modern piracy ... for 600 tons?  Yep, that would be worth it. 

Wed, 01/16/2013 - 16:25 | 3159329 Mad Mohel
Mad Mohel's picture

You know what, these dumb bastards actually don't deserve to have their gold back. Why would you willingly take your national wealth and ship it across the sea to be housed under the Schwartz. You deserve it you tulipy bastards.

Wed, 01/16/2013 - 16:26 | 3159359 inevitablecollapse
inevitablecollapse's picture

i never thought about this, but how much gold was 'repatriated' from iraq?  did they keep gold reserves?

Wed, 01/16/2013 - 16:34 | 3159394 ziggy59
ziggy59's picture

Are you implying that leaders that were put into power and position by the US no longer served their purpose as puppet leaders and somehow, somewhere the gold of Libya, Iraq, and soon Mali, are unaccounted for?

..just ask'n

Wed, 01/16/2013 - 16:42 | 3159428 inevitablecollapse
inevitablecollapse's picture

...maybe...i actually blacked out when i typed that so i have no idea where it came from

Wed, 01/16/2013 - 16:26 | 3159361 Miss Expectations
Miss Expectations's picture

When the guy holding your gold says "gold isn't money" and the only reason to hold it is "tradition" you should maybe take it out of his hands.

Wed, 01/16/2013 - 16:38 | 3159412 emersonreturn
emersonreturn's picture

miss expectations...a new golden rule?  

Wed, 01/16/2013 - 17:09 | 3159571 Clowns on Acid
Clowns on Acid's picture

(S) he who holds the gold makes the rules...? Missed Expectations.

Wed, 01/16/2013 - 16:30 | 3159379 ziggy59
ziggy59's picture

The last ones to come to this party will quickly learn of the phrase, " all that glitters isnt gold"

Love musical chairs, especially for REAL money..

Wed, 01/16/2013 - 16:37 | 3159407 Bobportlandor
Bobportlandor's picture

More like "beauty is only skin deep".

Wed, 01/16/2013 - 16:32 | 3159382 zerozulu
zerozulu's picture

If other countries asked for their Gold, most probably they will get their first installment and than,

Wed, 01/16/2013 - 16:44 | 3159433 Mad Mohel
Mad Mohel's picture

They will get installments of depleted uranium.

Wed, 01/16/2013 - 16:40 | 3159388 youngman
youngman's picture

Kind of funny but gold and silver took a little jump with this article......oops ..back down again

The funnier thing is that they do not want it in gold bars...they want it recast in gold butt plugs......that is cooler in the Netherlands...

Wed, 01/16/2013 - 16:39 | 3159420 ziggy59
ziggy59's picture

Where is The Honorable Jon Corzine to fix this mess?

Sorry...took a lot to write the adjective before the pricks name...

Wed, 01/16/2013 - 16:51 | 3159462 AgAu_man
AgAu_man's picture

The Fed:  "Easy one to solve.  We buy that gold on the open market, by printing and driving down the AU Options exactly when we buy.  Open & shut time-window, to outflank the Chinese and damn Goldbugs.  We buy over a time-frame to our liking.  The Dutch shell comply with our schedule.  QED!"

Wed, 01/16/2013 - 17:14 | 3159589 Ropingdown
Ropingdown's picture

I nominate you for the next open Fed slot.  A nation with our problems needs this sort of creative forward-looking thought.  You'll fit in if you can keep up the gag.

Wed, 01/16/2013 - 16:52 | 3159488 Paracelsus
Paracelsus's picture

How's that go? "When the tide goes out you see who has been swimming naked".

I have to say that I was somewhat dismayed when they were stress testing the European banks,and they gave a gold star to them and then they imploded a few months later (Dexia).

I am starting to wonder about all the stuff (not) in the vaults under WTC after 9/11...

This is beginning to sound like the Warren commission JFK / Oswald stuff...

I hate it when this stuff becomes mainstream,the new normal.

That rumbling sound is the founding fathers spinning in their graves..... 

Wed, 01/16/2013 - 16:53 | 3159489 geno-econ
geno-econ's picture

Trust in God, but not your Gold to the Central Bankers and the Bearded One.  Both Ben and Uncle Sam sport beards but they do not sit on the right hand of God.  They sit next to Dimon,  Blankfien and Polititians who will debase your currency and then confiscate your savings and gold sitting in their vaults and Wall St.(GDX)  Time to park your Gold closer to home with proper security against predators. The point is nobody can trust anyone anymore in our financial system which  has lost complete credibility as witnessed by budget process, deficits, fiscal cliff, tax policy, shadow bank practices, lax regulation and other contradictory national and international policies. The mess is widening exponentially  and no amount of feeble deleveraging can save us.  The Party is just starting 

Wed, 01/16/2013 - 16:56 | 3159506 paint it red ca...
paint it red call it hell's picture

I thought it telling the German press release gave a time frame of 'by 2020' instead of what they politically could not say, 'no later than next month'.

Which by the way IS by 2020............

Wed, 01/16/2013 - 16:58 | 3159524 KingTut
KingTut's picture

Who's next? Everybody.  The mad scramble is on.  This is all about the end game.  The bankers aren't stupid.  Psychopaths maybe, but not stupid.  They can see the fiat edifice is not playing by Keynes' rules, and is crumbling.  At some point in the near future, the end game will being in earnest, where fiat currencies fail.  Of course, fiat will be replaced by something else, but for survival in interim, and a a jockying position for the NWO, the yellow metal is the stuff.

Clearly, these guys didn't see any of this coming,and so don't have a clue what's coming next.  So they are hedging thier bets.  Repatriate gold? Costs nothing? Sounds good to me. Ben pissed? Well, stretch it out a little.

However, the people who predicted the collapse of 2008, and the crisis to follow, are better prognosticators than pud bankers.

Wed, 01/16/2013 - 17:01 | 3159535 ziggy59
ziggy59's picture

Heineken.. Liquid Gold

Wed, 01/16/2013 - 17:04 | 3159549 Father Lucifer
Father Lucifer's picture

Man the FED's gonna need alot more tungstun!

Wed, 01/16/2013 - 18:44 | 3160002 Dr. Sandi
Dr. Sandi's picture

That's why they're phasing out the incandescent light bulbs. That tungsten has to come from somewhere.

Wed, 01/16/2013 - 17:19 | 3159616 Jeepers Creepers
Jeepers Creepers's picture

You do wonder if some of the smaller nations keep it in the US because they also have idiot electorates eager to get their "fair share."

I mean, just like over here, I could see politicians deciding to liquidate all of their gold holdings for some short term stimulus (ie paying back the special interests that got them elected.)  Poof, and entire stockpile of gold gone to bolster up a flailing party leader.  It wouldn't be the first time.

I'm not saying the US is any better, but for a long time, we were the stable and sensible nation.  Now, it's far risker for the US to hold it.

Wed, 01/16/2013 - 17:24 | 3159639 WillyGroper
WillyGroper's picture

Suppose this is because the Treas. designated the "Reserve" @ WP to "Custodial" gold?

Wed, 01/16/2013 - 17:26 | 3159655 americanspirit
americanspirit's picture

Wow - I lived in the Netherlands for several years and I am totally amazed that the Dutch only have 10% of their gold at home - much less having so  much of it stashed with the US fed. My guess is that the Dutch public had no idea, and will be outraged at whatever politicians/bankers allowed this to happen. The Dutch are VERY serious about money and about handling financial matters properly. Just opening a bank account in the Netherlands was one of the most agonizing ordeals I've ever been through. So it will be very interesting to see the public reaaction - and my guess is that it isn't going to be 2020 before 100% of their gold is back home. In fact I'll bet a planeload of Dutch Marines ( very very tough customers) is warming up for a flight to New York at this very moment to bring it all home.

Thu, 01/17/2013 - 04:26 | 3161481 Tompooz
Tompooz's picture

That "agonizing ordeal" of opening an account in Holland was brought to you courtesy of FATCA.

Wed, 01/16/2013 - 17:50 | 3159763 Venerability
Venerability's picture

And now do we all see why the Total Ninnies had to float that ridiculous Platinum Godzilla Coin fantasy?

Those who were around in the 1997-2000 period see that History IS repeating itself - except in a creepy, crawly, and totally banal Through the Looking Glass fashion.

In the US and UK, those on BOTH fringes of economic and political reality have somersaulted out of Merely-Crazyland into 100-Percent-Deluded territory.

Oh, well - couldn't be better for Gold and Silver, which we now have a sacred obligation to explain to our Radical Middle.

Wed, 01/16/2013 - 17:50 | 3159764 daccord
daccord's picture

hot potato

Wed, 01/16/2013 - 18:03 | 3159819 frippy
frippy's picture

golden shower

Wed, 01/16/2013 - 23:24 | 3161033 willwork4food
willwork4food's picture

Wouldn't you rather play a nice game of chess instead?

Wed, 01/16/2013 - 18:16 | 3159812 DollarDive
DollarDive's picture

Algeria has a lot of gold.... more than  you'd expect.... maybe this is what everyone is after in Algeria ?

Ranked 23rd on World Gold Holdings ;



Wed, 01/16/2013 - 18:05 | 3159825 Vet4RonPaul
Vet4RonPaul's picture

Actually, no .... just because they have requested their gold back doesn't mean that they will get their gold back.  Germany, and every other country that we owe gold or dollars to, have a huge problem; they can't collect it against the USA's will and they know it.  This is whee theory stops and real politik takes over.  In theory they can get their gold back; in practice they cannot and will not.  They, like Spain and every other EU country are not allowed to cross the Atlantic without USA permission.  (That is why LA countries can nationalize EU companies also.).   So, sorry Fritz - thank-you for you request - the gold is in the mail, Love Ben.

Wed, 01/16/2013 - 19:09 | 3159859 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

The Dutch were greatly relieved to find out that most their gold is safe in..... New New Amsterdam

...and since it takes 7 years for Germany to get 300 ton,s the Dutch can expect theirs in 2027, no worries.

Wed, 01/16/2013 - 18:26 | 3159910 joego1
joego1's picture

Uncle Benny I want look in the safe please can I????

Wed, 01/16/2013 - 19:31 | 3160196 Herdee
Herdee's picture

Are foreign central banks now afraid of confiscation?That could never happen again could it?Maybe old Hugo Chavez was right to get the gold back home and out of the hands of a bunch of crooks.








Wed, 01/16/2013 - 19:46 | 3160258 goldenbuddha454
goldenbuddha454's picture

7 years to procure 300 tons of german gold?  That 300 tons of german gold is actually what they call in the BERNANKOSPHERE "transitory".  Sometimes its 300 tons and sometimes its 216 tons of U.S. Reserves, and sometimes it belongs to the Netherlands who will soon be requiring it be sent to their country to which it will take Hel0-Ben 7 years to 'procure'.  Don't you smell something in the New York Fed's pants about now?

Wed, 01/16/2013 - 22:10 | 3160802 Herkimer Jerkimer
Herkimer Jerkimer's picture

I know heavy construction and it wouldn't take 7 years to move 300 tons of steel, no sir-ee!


Put a platoon of SpecForce guys with heavy machine guns and get'er done!


Take about 2 weeks.




Wed, 01/16/2013 - 19:48 | 3160267 goldenbuddha454
goldenbuddha454's picture

When comedy becomes reality, all you can do is shake your head and laugh!

Wed, 01/16/2013 - 20:11 | 3160362 Curt W
Curt W's picture

After they all consolidate...

Will there be as much gold as they say there is?

Wed, 01/16/2013 - 21:44 | 3160681 bilejones
bilejones's picture

I think all of the gold is there, it's just that there are ten or twenty people who believe they are sole owners of each bar.

Wed, 01/16/2013 - 21:14 | 3160573 Downtoolong
Downtoolong's picture

Like musical chairs, no one wants to be the last standing request. You know what they're going to get.

Wed, 01/16/2013 - 21:54 | 3160722 GCT
GCT's picture

Dam you all do not get it Obama will do another EO under the Emergency Powers Act and confiscate all the gold stored here.  After all possession of the gold is 9/10ths of the the law!

Thu, 01/17/2013 - 00:41 | 3160785 Herkimer Jerkimer
Herkimer Jerkimer's picture





Canada is storing Dutch gold?




Scotia Macotta on Bay & King, the "Bullion Bank" or the equivalent of the Fed up in Ottawa, which is… Ummm… Ah…?


Have they rehypothicated my gold to the goddamn dyke-men?!?


Are they going to rehypoticate my BoNS gold certificates?


Will I even know?


Oh! I bought physical! Whew!





PS. How fast did Chavez get his hundred tons of gold back in 2011? Gerries want 45% of their 3400 tons, so lets say about 1600 tons. Umm… Math… Umm… 16 trips. 7 years? Where's that darn smoke machine again?


Good thing these guys aren't drug dealers. Jus' sayin'. Not that I really know how that shit works. But you know, there are some important analogies to be drawn: Show me da weed/blow/gold!


You've been holding my weed/blow/gold! Where is my weed/blow/gold! I can't see it? Oh. <Get the guns…>


Not that I really know anything about that, but it seems to be a rather good way to conduct oneself, eh?

"Oh don't worry! That's a good weigh! You don't need to scale your weed/blow/gold!"


As my Dad used to say! "Trust! But Verify!" and "In God I Trust! All Others Pay Cash!"

Thu, 01/17/2013 - 02:36 | 3161398 object_orient
object_orient's picture

Your dad was a bumper sticker?

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