It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

Tyler Durden's picture

With the market yet another algo-controlled snoozer, programmed to close the S&P just green (as otherwise confidence in central planning may fail), the key things we learned today are as follows:

Obama proposed 23 "gun controling" executive actions, which do little to actually control guns - that part falls to Congress, where the proposal will be promptly killed - but which will add some $4.5 billion to US spending, and which will "push for further action on his health care law, including insisting on the kind of mental health coverage states must provide under their Medicaid programs."

The breakdown of the spending is as follows, per Weekly Standard:

  • $4 billion for the president’s proposal “to help keep 15,000 cops on the streets in cities and towns across the country.” (That is roughly $266,000 per police officer.)
  • $20 million to “give states stronger incentives to make [relevant] data available [for background checks] … “$50 million for this purpose in FY2014”
  • “$14 million to help train 14,000 more police officers and other public and private personnel to respond to active shooter situations.”
  • “$10 million for the Centers for Disease Control to conduct further research, including investigating the relationship between video games, media images, and violence.”
  • $20 million to expand the National Violent Death Reporting System.
  • $150 million to “put up to 1,000 new school resource officers and school counselors on the job.”

What can one say: politics, fully, theatrically and embarrassingly "endorsed" by the children sitting behind the president.

* * *

But the biggest news of the day comes from the official Buba announcement that, in its official capacity as a prudent central bank, it - as first of many - is looking to repatriate some 300 tons of gold from the New York Fed. That, however, is not today's news - that was Monday's news.

What is news is that courtesy of the supplied calendar of events in the Buba statement, it will take the Fed some seven years to procure Germany's 300 tons of gold. This is the same Fed that, in its own words, holds some "216 million troy ounces of gold" or some 6720 tons, in its vault 80 feet below ground level.

Putting the above in perspective, the amount of gold that Germany will have to wait 7 years for is shown in red. The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess...

unless of course, the bulk of the gold in the column on the right has been rehypothecated numerous times to serve as collateral for countless counterparties, and it is no longer clear just who own what to anyone.

* * *

We can only wonder how many centuries it will take the New York Fed to deliver all the gold held by third parties in its vault, once the demand notices start rushing in...

For all those curious how the Fed itself describes the gold vault and its contents, can read more in the pamphet below:


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samwell's picture

Oh, but its just a coincidence that France is now "suddenly" invading Mali whose anual production could sure help the "French" out right about now.


et tu vichy "french", Federal Reserve.



TWSceptic's picture

This reminds me of Die Hard 3 but in the opposite direction, if you know what I mean...

freedogger's picture

They are just waiting for the right asteroid to fly by. Then they will mine it. I am not making this shit up.

Seven years seems optimistic.

Winston Churchill's picture

So the FedRes will be buying forty three tons a year.

Just low enough to not upset the physical price,maybe ?

Got to get it from somewhere,sure as hell isn't in the vault.


It's not Germany's gold right? It's the German bankster's gold and they are in on the fiat ponzi as well.  Let me do some quick cocktail napkin math.....I believe we have 7 more years of fiat ponzi.  

AgLand's picture

Takes a lot of work to make that tungsten look real you know!

XitSam's picture

Nonsense. The Chinese can knock that out in 3 weeks. With discount for large orders.

michiganmaven's picture

they have to wait 7 years so they hope they forget they asked... that way the Feds ponzi stays up a while longer... 

Spider's picture

Well hopefully someone can remind the Fed that the bars they should give the Germans should be yellowish-gold in color rather than red.  Dont blame the Fed ... they probably havent seen a real one in a LONG LONG time

Super Broccoli's picture

that makes 117KG a day ... they're moving the shit using a single cessna ?

lolmao500's picture

15 000 new dog killers/enslavers aka cops is a waste of money... and I'm being kind.

Lukacko's picture

Looks like we finally got a general economic collapse timeframe. Sometime within 7 years. Because after that it won't matter whether Germany gets its gold or not.

CPL's picture

See why everyone has been stalling for time yet?


It's time for the cheque to get paid and everyone is broke.

ParkAveFlasher's picture

Mighty awkward around the ol' TGI Friday's table ... say, who ordered the molten chocolate cake?  Wasn't me ... you had two drinks?  I only had one ... hey guys, just give me some cash, I only have a credit card ... oh, no, I can't break a fifty ... wait a second I'm short ...

secret_sam's picture

I'd like to inquire about 7 year calls, plz.

Citxmech's picture

7 years to the zero hour?

Great!  I should be fully prepped by then.

Oldballplayer's picture

Isn't that when you order another round for the table?

Clashfan's picture

Now that's optimistically funny. Oh, wait...

Winston Churchill's picture

Make that sometime in the next two.You get nothing ,Kraut MFers..

What happened to the other 1000 tons they have in the NY Fed ?

They want their gold back, and are offered a quarter of it over seven yars.

Whats wrong with this picture ?

Surely JPM will give it back,they only borrowed it.

e-recep's picture

the kondratieff wave suggests big change around year 2020.

emsolý's picture

Hell, I can get you a toe by 3 o'clock this afternoon... with nail polish. These fucking amateurs...

backhandtopspinslicer's picture

no conspiracy theory here -- they get paid by the hour

lolmao500's picture

Germany should tell Ben to go fuck himself and that if he doesn't bring it WITHIN A MONTH, ALL OF IT, the GERMAN ARMY is gonna take care of business, they gonna bring back all of the gold PLUS expenses, PLUS the head of Bernanke back to ze motherland.

Super Broccoli's picture

i'm in !!!!! as long i get to play with Benrnake's head on a stick i'll sign in the army righto !!!!

tenpanhandle's picture

somehow I get the idea your play is going to involve a teabag.

secret_sam's picture

They're going to have to conquer Poland and France before they get OUR attention.

deejo's picture

I know this, because tyler knows this

JohnG's picture



At least it only costs $5 to dig it out of the ground.

(RIP MethMan)

backhandtopspinslicer's picture

never mind -- we'll come get it ourselves

yogibear's picture

Bernanke and the Fed are panicking to get the gold. They will take 7 years too divert other gold to the Germans.

LOL, the Fed doesn't have it.  We have been using it to mint Gold Eagles......

Germans must have "SUCKERS" written on them.

backhandtopspinslicer's picture

that is almost as bad as getting some pan am silver from the northwest mint

Citxmech's picture


They do keep you on the edge of your seat, don't they?

Lendo's picture

That flyer is hilarious because it's complete bullshit. 

spinone's picture

It will take 7 years to move 1 ton back and forth from NY to Frankfurt 300 times.

The Gooch's picture

Your taste is impeccable and I raise you ten, under the cover of darkness. Ground Zero 33 Liberty St.

secret_sam's picture

+ 1

As much as I love this, I feel compelled to point out that that top horizontal pixel is permanently altering your brainwaves upon exposure...


giggler123's picture

Before that happens they will pull another 911 for sure but this time it'll be in the places where the gold is stored.  No one wants nuked gold?  At the same time elevating everyone elses gold not stored their to the roof.  That is not fact, this is not what might happen, it will or war which is better?

Argentbilly's picture

There were gold vaults in the subfloors of WTC.

backhandtopspinslicer's picture

benny at the fed be saying It is not our tradition to give back gold

busted by the bailout's picture

They will need to mint up a few more 1oz platinum coins first to get the cash to buy the gold.

You didn't think it was in a lockbox did you?

Super Broccoli's picture

Germany : "ze want our gold back"

Bernanke : "don't you want nice a trillion platinum coint instead ?"

are we there yet's picture

Perhaps we can interest you in some tulips for repayment.

urbanelf's picture

They have to buy it from me before they can give it to Germany.

dolph9's picture

The Fed doesn't have the gold, it will have to buy it on the market.

It will do so over 7 years so as to not cause any price spikes.

Both the Germans and the Fed know this, of course.

DaveyJones's picture

and many other ugly truths

tip e. canoe's picture

wonder how that DB bldg demo is going