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Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year

Tyler Durden's picture


On December 24, we posted an update on Germany's gold repatriation process: a year after the Bundesbank announced its stunning decision, driven by Zero Hedge revelations, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. This amount represents just 5% of the stated target, and was well below the 84 tons that the Bundesbank would need to transport each year to collect the 674 tons ratably over the 8 year interval between 2013 and 2020. The release of these numbers promptly angered Germans, and led to the rise of numerous allegations that the reason why the transfer is taking so long is that the gold simply is not in the possession of the offshore custodians, having been leased, or worse, sold without any formal or informal announcement. However, what will certainly not help mute "conspiracy theorists" is today's update from today's edition of Die Welt, in which we learn that only a tiny 5 tons of gold were sent from the NY Fed. The rest came from Paris.

As Welt states, "Konnten die Amerikaner nicht mehr liefern, weil sie die bei der Federal Reserve of New York eingelagerten gut 1500 Tonnen längst verscherbelt haben?" Or, in English, did the US sell Germany's gold? Maybe. The official explanation was as follows: "The Bundesbank explained [the low amount of US gold] by saying that the transports from Paris are simpler and therefore were able to start quickly." Additionally, the Bundesbank had the "support" of the BIS "which has organized more gold shifts already for other central banks and has appropriate experience - only after months of preparation and safety could transports start with truck and plane." That would be the same BIS that in 2011 lent out a record 632 tons of gold...

Going back to the main explanation, we wonder: how exactly is a gold transport "simpler" because it originates in Paris and not in New York? Or does the NY Fed gold travel by car along the bottom of the Atlantic, and is French gold transported by a Vespa scooter out of the country?

Supposedly, there was another reason: "The bullion stored in Paris already has the elongated shape with beveled edges of the "London Good Delivery" standard. The bars in the basement of the Fed on the other hand have a previously common form. They will need to be remelted [to LGD standard]. And the capacity of smelters are just limited."

So... New York Fed-held gold is not London Good Delivery, and there is a bottleneck in remelting capacity? You don't say...

Furthermore, Welt goes on to "debunk" various "conspiracy websites" that the reason why the gold is being melted is not to cover up some shortage (and to scrap serial numbers), but that the gold is exactly the same gold as before. Finally, to silences all skeptics, the Bundesbank says that "there is no reason for complaint - the weight and purity of the gold bars were consistent with the books match." In conclusion, Welt reports that in 2014 "larger transport volumes" can be expected from New York: between 30 and 50 tons.

Here we would be remiss to not point out that the reason why the German people and the Bundesbank have every reason to be skeptical is that as Zero Hedge reported exclusively in November 2012, before the Buba's shocking repatriation announcement and was the reason for the escalation in lack of faith between central banks, it was the Fed and the Bank of England who in 1968 knowingly sent Germany "bad delivery" gold.  Which is why we have a feeling that the pace of gold transportation will certainly not accelerate until such time as the German people much more vocally demand an immediate transit of all their gold held at the New York Fed: after all, it's there right - surely the Bundesbank can be trusted to melt the gold (if any exists of course) into London Good Delivery or whatever format it wants.

Unless of course, the gold isn't there...

From November 9, 2012:

Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..."

Over the past several years, the German people, for a variety of justified reasons, have expressed a pressing desire to have their central bank perform a test, verification, validation or any other assay, of the official German gold inventory, which at 3,395 tonnes is the second highest in the world, second only to the US. We have italicized the word official because this representation is merely on paper: the problem arises because no member of the general population, or even elected individuals, have been given access to observe this gold. The problem is exacerbated when one considers that a majority of the German gold is held offshore, primarily in the vaults of the New York Fed, and at the Bank of England - the two historic centers of central banking activity in the post World War 2 world.

Recently, the topic of German gold resurfaced following the disclosure that early on in the Eurozone creation process, the Bundesbank secretly withdrew two-thirds of its gold, or 940 tons, from London in 2000, leaving just 500 tons with the Bank of England. As we made it very clear, what was most odd about this event, is that the Bundesbank did something it had every right to do fully in the open: i.e., repatriate what belongs to it for any number of its own reasons - after all the German central bank is only accountable to its people (or so the myth goes), in deep secrecy. The question was why it opted for this stealthy transfer.

This immediately prompted rampant speculation within various media outlets, the most fanciful of which, of course, being that the Bundesbank never had any gold to begin with and has been masking the absence all along. The problem with such speculation is that, while it may be 100% correct and accurate, there has been not a shred of hard evidence to prove it. As a result, it is merely relegated to the echo chamber periphery of "serious media" whose inhabitants are already by and large convinced that all gold in the world is tungsten, lack of actual evidence to validate such a claim be damned (just like a chart of gold spiking or plunging is not evidence that a central bank signed the trade ticket, ordering said move), and in the process delegitimizing any fact-based investigations that attempt to debunk, using hard evidence, the traditional central banker narrative that the gold is there and accounted for.

And hard evidence, or better yet a paper trail of inconsistencies, is absolutely paramount when juxtaposing the two most powerful forces of our times: i) the central banking-led status quo (which is de facto the banker-led oligarchy whose primary purpose in the past several centuries has been to accumulate as much as possible of the hard asset-based fruits of people's labor, who toil in exchange for "money" created out of thin air - a process which could be described as not quite voluntary slavery, but the phrase would certainly suffice), and ii) "everyone else", especially when "everyone else" still believes in the supremacy of democratic forces, accountability, and an impartial legal system (three pillars of modern society which over the past 4 years we have experienced time and again have been nothing but mirages). Because without hard evidence, not only is the case of the people against central bankers non-existent, even if conducted in a kangaroo court co-opted by the banker-controlled status quo, it becomes laughable with every iteration of progressively more unsubstantiated accusations against the central banking cartels.

Finally, when it comes to cold, hard facts, which expose central banks in misdeed, even the great central banks have to be silent silent, as otherwise the overt perversion of justice will blow up the mirage that modern society lives in a democratic, laws-based world will be torn upside down.

And while others engage in click-baiting using grotesque hypotheses of grandure without any actual investigation, reporting or error and proof-checking to build up hype and speculation, which promptly fizzles and in the process desensitizes the general public and those actually undecided and/or on the fences about what truly goes on behind the scenes, Zero Hedge travelled (metaphorically) in space - to London, or specifically the Bank of England Archives - and in time, to May 1968 to be precise.

While there we dug up a certain memo, coded C43/323 in the BOE archives, official title "GOLD AND FOREIGN EXCHANGE OFFICE FILE: FEDERAL RESERVE BANK OF NEW YORK (FRBNY) - MISCELLANEOUS", dated May 31, 1968, written by a certain Mr. Robeson addressed to the BOE's Roy Bridge as well as its Chief Cashier, and whose ultimate recipient is Charles Coombs who at the time was the manager of the open market account at the Fed, responsible for Fed operations in the gold and FX markets.

This memo, more than any of the other spurious and speculative accusation about Buba's golden hoard, should disturb German citizens, and of course the Bundesbank (assuming it was not already aware of its contents), as the memo lays out, without any shadow of doubt, that the BOE and the Fed, effectively conspired to feed the Bundesbank due gold bars that were of substantially subpar quality on at least one occasion in the period during the Bretton-Woods semi-gold standard (which ended with Nixon in August 1971).

The facts:  

At least two central banks have conspired on at least one occasion to provide the Bundesbank with what both banks knew was "bad delivery" gold - the convertible reserve currency under the Bretton Woods system, or in other words, to defraud - amounting to 172 bars. The "bad delivery" occured even as official gold refiners had warned that the quality of gold emanating from the US Assay Office was consistently below standard, and which both the BOE and the Fed were aware of. Instead of addressing the issue of declining gold quality and purity, the banks merely covered up the refiners' complaints 

It is this that the Bundesbank, the German government, and the German people should be focusing on. If in the process this means completely ridiculing the Buba's "she doth protest too much" defense strategy that what is happening in the media is a "phantom debate" as per Andreas Dobret's recent words, so be it. In fact, one may be well advised to ignore anything Buba has said on this matter, because in attempting to hyperbolize the matter out of irrelevancy, the Buba is now cornered and will have no choice now but to explain just what the true gold content of the gold even in its possession is, let alone that which is allocated to the Buba account 50 feet below sea level, underneath the infamous building on Liberty 33.

Full May 1968 memo from the BOE to the NY Fed: highlights ours:




U.S. Assay Office Gold Bars


1.  We have from time to time had occasion to draw the Americans’ attention of the poor standards of finish of U.S. Assay Office bars. In addition in 1961 we passed on to them comments from Johnson Matthey to the effect that spectrographic examination did not support the claimed assay on one bar they had so tested (although they would not by normal processes have challenged the assay) and that impurities in the bar included iron which caused some material to be retained on the sides of crucible after pouring.


2. Recently, Johnson Matthey have put 172 “bad delivery” U.S. Assay Office bars into good delivery form for account of the Deutsche Bundesbank. These bars formed part of recent shipments by the Federal Reserve Bank to provide gold in London in repayment of swaps with the Bundesbank. The out-turn of the re-melting showed a loss in fine ounces terms four times greater than the gross weight loss. Asked to comment Johnson Matthey have indicated verbally that:-


(a) the mixing of “melt” bars of differing assays in one “pot” could produce a result which might be a contributing factor to a heavier loss in fine weight but they did not think this would be substantial ;


(b) a variation of .0001 in assay between different assayers is an extremely common phenomenon;


(c) over a long period of years they had had experience of unsatisfactory U.S. assays


3. It is not, however, possible to say that the U.S. assays were at fault because Johnson Matthey did not test any of the individual bars before putting them into the pot.


4. The Federal Reserve Bank have informed the Bundesbank that adjustments for differences in weight and refining charges will be reimbursed by the U.S.Treasury.


5. No indication should, of course, be given to the Bundesbank, or any other central bank holder of U.S. bars, as to the refiner’s views on them. The peculiarity of the out-turn will be known to the Bundesbank: it has so far occasioned no comment.


6. We should draw the attention of the Federal to the discrepancy in this (and any similar subsequent such) result and add simply that the refiners have made no formal comment but have indicate that, although very small differences in assay are not uncommon, their experience with U.S. Assay Office bars has not been satisfactory.


7. We hold 3,909 U.S. Assay Office bars for H.M.T. in London (in addition to the New York holding of 8,630 bars). After the London gold market was reopened in 1954 we test assayed the bars of certain assayers to ensure that pre-war standards were being maintained. It might be premature to set up arrangements now for sample test assays of U.S. Assay Office bars but if it appeared likely that the present discontent of the refiners might crystalise into formal complain we should certainly need to do this.  In the meantime I would recommend no further action.


31st May 1968



To summarize: Bank of England discovers discrepancies with US Assay Office gold bars, notifies the NY Fed that its gold bars have major "bad delivery" issues, but, and this is the punchline, on this occasion, we'll keep it quiet, because the Bundesbank got these bars. This is merely one documented assay occasion: one can imagine that of the hundreds of thousands of gold bars in official circulation, the "good delivery" quality of bars outside of the US, and perhaps BOE, official holdings has progressively declined over the decades of Bretton Woods. One can also only imagine what has happened to all those "good delivery" bars currently held by the Fed as custodian at the NY Fed. Literally: imagine. Because there is no way to check what the real gold consistency of these gold bars is, and whether the refiners found ongoing future inconsistencies with "good delivery" standards of bars handed off to other "non-core" central banks. And, yes, without further evidence the above is merely speculation.

As to the remaining relevant facts: the US ran out of good delivery gold in March 1968 and only had coin bars remaining. Which is why it closed the gold pool and went to a two-tier price system. The Bundesbank went on to cover some of the outstanding gold debts of the Fed to the gold pool. Subsequently, the US then did several deals with the BOC to get a substantial amount of gold to pay back the Bundesbank which was sent over to England from March until June 1968. One can, again, only speculate on the quality of said gold. The Fed then created unsettled accounts to account for these transfers between itself and the Buba.

In light of the above facts and evidence, one can see why the Buba is doing all in its power to avoid the spotlight being shone on the purity of its gold inventory: after all the last thing the German central banks would want is someone to go through the publicly available archived literature, to put two and two together, and figure out that it does not take one massive "rehypothecation" (see "to Corzine") event for German gold credibility to be impaired: all it takes is death from a thousand micro dilutions over the decades to get the same end result. Because chipping away one ounce here, one ounce there for years and years and years, ultimately adds up to a lot.

We eagerly look forward to the Buba's next iteration of self-defense. We can only hope that this one does not include a reference to a "phantom debate", to "East German terrorist Simon Gruber" or to Goldfinger, as it will merely further destroy any remaining credibility the Bundesbank may have left in this, or any other, matter.


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Sun, 01/19/2014 - 14:39 | 4346241 syntaxterror
syntaxterror's picture

Good luck with that Germany.

Sun, 01/19/2014 - 14:43 | 4346253 gafgroocK
gafgroocK's picture



It's all Hitler's fault..

Sun, 01/19/2014 - 14:44 | 4346264 maskone909
maskone909's picture

Da black hitler yo

Sun, 01/19/2014 - 14:55 | 4346298 Pladizow
Pladizow's picture

Hey Germany, karma is a bitch, you stole the gold from the mouths of Jews and now you cant get it back - boo hoo!

Sun, 01/19/2014 - 15:04 | 4346330 Bearwagon
Bearwagon's picture

The problem seems to be that you can't get it back, but everything else is right ...

Sun, 01/19/2014 - 15:06 | 4346337 max2205
max2205's picture

Putin can't wait till it's safely back in Berlin.....

Sun, 01/19/2014 - 15:09 | 4346339 Bearwagon
Bearwagon's picture

Maybe that's why it'll be shipped to Frankfurt ...  ;-)

Sun, 01/19/2014 - 15:18 | 4346355 shutdown
shutdown's picture

I was thinking the same thing. One kilometer from the French border and it'll be safe. If it's a thousand kilometers from the Russian border it ain't safe.

But since it's been stored in the USA it's probably long gone. 

Sun, 01/19/2014 - 15:32 | 4346399 MeMadMax
MeMadMax's picture

Better check that shit, make sure it's not gold painted lead!

Sun, 01/19/2014 - 15:50 | 4346425 BaBaBouy
BaBaBouy's picture

GERMANS (And Any Other Valued FED GOLD Clientel), You GET What You SEE...

For Reference, Please Proceed To Fort KNOX, AND OBSERVE Ye BARE SHELVES.

Sun, 01/19/2014 - 15:54 | 4346457 knukles
knukles's picture

The further this becomes main stream, the conspiracy theory becomes fact.
And the NWO comes under increasing pressure
To take drastic steps to regain control

Regardless of your views of AJ, this is a short read, interesting...
Pertains to exactly such Disturbances to the NWO's Force
Sun, 01/19/2014 - 16:04 | 4346478 BaBaBouy
BaBaBouy's picture

The SHIT Is Very Much Approaching the FAN ...


Sun, 01/19/2014 - 16:22 | 4346505 BaBaBouy
BaBaBouy's picture

Could You Imagine Mainstream Media's Lester Holt, Scott Pelley

AND Brian Williams Reporting On

This Major GOLD Manip SCAM ???????

Sun, 01/19/2014 - 16:40 | 4346545 BaBaBouy
BaBaBouy's picture

LATEST Rumor Is GERMAN CB Will Now Be Demanding
To Have Their Physical BITCOINS Returned...

... Probably Arrives Back Before Any Real GOLD Does ...

Sun, 01/19/2014 - 18:45 | 4346786 J S Bach
J S Bach's picture

Germany's "gold" is their productive capacity, ingenuity and willingness to work hard.  This is what Hitler based the mark on in the 30s through the use of Labor Treasury Certificates.  In the end, they don't need gold metal as long as they retain this cultural asset.

Sun, 01/19/2014 - 19:04 | 4346834 disabledvet
disabledvet's picture "ten days early." Is that a bubble in German debt?

Sun, 01/19/2014 - 19:25 | 4346870 BringOnTheAsteroid
BringOnTheAsteroid's picture

Well, for all those obsessed by golds fiat price equivalent you are in for some very frustrating times ahead. You don't, in your right mind, expect the US government, of all the criminal enterprises in the world, to pay a fair and unmanipulated price for gold now do you?

There in lies the crux of the issue. The US stole Germany's gold expecting that they'd never ask for it back. Now they are forced to go to the market and they sure as hell ain't going to do that at anything less than a highly supressed gold price. It's not that the Fed just can't and don't print the money to buy the gold but I asume it's the perceived damage to the US dollar that they are worried about. Going into the market for 600 tons of gold would drive the price up . . . . . . . . . . the rest is gold bug frustration history.

Forget the fiat denominated price people and buy as much as you and as quick as you can. Don't make the same mistake I did though and tragically lose your lifes savings in a horrible boating accident. I mean you live and learn, I thopught gold would float so there'd be little risk of losing it. 

Sun, 01/19/2014 - 19:43 | 4346911 zaphod
zaphod's picture

The US didn't steal Germany's gold, Germany lost that gold after it started and then utterly lost the largest war in mankind's history. A war where Germany committed such horrible sins that its lasting legacy was the civil rights movement.

Germany was allowed to maintain paper-only title to that gold after WWII to help it rebuild it's economy in the post-war era.

But make no mistake, Germany lost that gold due to its own actions and will never see it back.

Sun, 01/19/2014 - 21:05 | 4347086 wintermute
wintermute's picture

Obama picked up the info from Merkel's phone she commented that even if Germany got 5 tons back it was progress.  So 5 tons they got then.

Mon, 01/20/2014 - 02:06 | 4347540 Four chan
Four chan's picture

pay back's a bitch?

Mon, 01/20/2014 - 04:24 | 4347615 CuttingEdge
CuttingEdge's picture

If you want your gold, you can have your gold?

Obollocks is very consistent - in failing to deliver anything.


Mon, 01/20/2014 - 07:27 | 4347705 negative rates
negative rates's picture

Another case of the wearhouse is empty until proven full, and even if it is full, now another Qualitative Easing problem arises.

Mon, 01/20/2014 - 07:56 | 4347718 Supernova Born
Supernova Born's picture

Germans, just keep producing those cars, trains, machine tools and other real items and we'll just keep pulling paper out of our ass to "pay" you.

Your welcome,

Bankster scum


Mon, 01/20/2014 - 08:07 | 4347724 fx
fx's picture

why would the Buba want all the bars in lgd standard? Seems someone is in desperate need to get those - either to lend them out or to deliver them

Mon, 01/20/2014 - 08:07 | 4347725 GetZeeGold
GetZeeGold's picture






I'm getting squished bitchez!

Sun, 01/19/2014 - 20:43 | 4347021 snr-moment
snr-moment's picture

RIGHT.... but with their uberSocialist leanings and one of the lowest birthrates in  Europe because their kids cannot afford their own....well the physical will have to do.

Sun, 01/19/2014 - 21:22 | 4347123 aphlaque_duck
aphlaque_duck's picture

If gold becomes money and they don't have it, then they're slaves.

Mon, 01/20/2014 - 01:01 | 4347490 nope-1004
nope-1004's picture

Gold always has been money.  CB's exchange gold all the time.  Recently, as in the last 40 years, the masses have been sold US dollar bullshit, as a way of keeping us all enslaved to the banks, treasury, and military.

Gold always has been money and always will be money.  So valuable it is that the US gov't has made an intentional and concerted effort to remove it's perceived legitimacy from the common person thought process of what money is, so that the USD fiat always reigns supreme.

Those days are coming to an end.


Mon, 01/20/2014 - 01:40 | 4347520 aphlaque_duck
aphlaque_duck's picture

In that case, they're slaves already.

Sun, 01/19/2014 - 16:06 | 4346485 Rubbish
Rubbish's picture

Now I wonder if these gold eagles I own are what the US claims they are for purity.


But the story, funnier than shit, financial war in 3, 2, 1

Sun, 01/19/2014 - 16:57 | 4346597 Going Loco
Going Loco's picture

I decided a long time ago that I wouldn't buy any American gold. Then I got worried about a lot of other gold. There are a few forms I still trust. Not many. I would like to buy gold wire, the kind the Arabs used to use as storage-of-wealth, coiled round their ladies' arms. But this is taxed where I live, so I stick to pre 1914 circulated gold sovereigns. No purchase tax. No capital gains tax (where I live). Probably they could be faked, but so far I don't think that's a big problem.

Sun, 01/19/2014 - 18:39 | 4346782 JLee2027
JLee2027's picture

An individual can test an American Gold Eagle for purity easily enough. So we melted somebody elses gold bars to make it? Prove it.

Sun, 01/19/2014 - 21:47 | 4347175 aphlaque_duck
aphlaque_duck's picture

Ultrasonic thickness gauge.

Doesn't work so much for coins (also they are 22KT for which I can't reference the speed of sound). But for bars with smooth parallel surfaces you can verify yourself that they are solid gold/silver.

Mon, 01/20/2014 - 09:04 | 4347781 new game
new game's picture

so if they can be faked, well, i'm wondering about that back alley sale-hmm, bring firepower and a chance you may die...think i'll stay with lead deviratives, at least everybody knows the consequence of a failed sale.

i will say the shit is getting interesting though-foder for carmel coated corn...

Sun, 01/19/2014 - 16:57 | 4346592 Save_America1st
Save_America1st's picture


Alex Jones and the InfoWars crew kick ass.  It's a daily listen for me on the 3 hour podcast.  He breaks more news and has more in depth high level interviews than anyone else out there. 

Sun, 01/19/2014 - 18:41 | 4346783 JLee2027
JLee2027's picture

Yeah, but the constant, this is an urgent emergency act now wears thin with that voice after awhile. Just load the shotgun and wait for action to commence.

Mon, 01/20/2014 - 10:43 | 4347983 ATM
ATM's picture

Load the shotgun??? Wait a second, are you Joe Biden??!

Sun, 01/19/2014 - 21:25 | 4347130 Shooting Shark
Shooting Shark's picture

I appreciate your disclaimer, but if it's actually interesting, it will pop up somewhere else in addition to IW.

Sun, 01/19/2014 - 21:35 | 4347145 FreedomGuy
FreedomGuy's picture

The Fed will get that gold to Germany as fast as Holder gets to all those scandal investigations.

Mon, 01/20/2014 - 14:36 | 4348629 TBT or not TBT
TBT or not TBT's picture

He used to be so fast and furious, like when he was issuing all those bought and paid for pardons for the Clintons.

Mon, 01/20/2014 - 23:59 | 4350538 FreedomGuy
FreedomGuy's picture

Yes, Marc Rich ring any bells? Wonder why Obama chose Holder?

Mon, 01/20/2014 - 10:15 | 4347916 BobPaulson
BobPaulson's picture

I believe the saying goes. " You don't get what you expect, you get what you INSPECT". Get those assay labs fired up.

Sun, 01/19/2014 - 15:36 | 4346414 AlaricBalth
AlaricBalth's picture

It would seem that the banning of native gold prospecting in Mali in favor of French interests is starting to allow France to ramp up its return of gold to Germany. The US had better invade another gold producing African country soon in order to catch up.

Sun, 01/19/2014 - 16:09 | 4346490 knukles
knukles's picture

Beings there are still plentiful US troopies stationed in the Conquered Germany (And to the victors belong the spoils!) it goes with out saying that:

"If we like your gold, we can keep your gold"

Mon, 01/20/2014 - 04:55 | 4347637 disabledvet
disabledvet's picture

This is going to be the biggest credit it raising in human history. France, Germany, Spain, Italy...they're going to need TRILLIONS. The IMF will demand all that gold as collateral...and then they'll be told to "open the books" Knickerbocker style. The Pound looks like it's going to collapse to me. I don't see the Swiss dollar looking any better either. The Nordic countries look great here. They could form some type of "Northern League" and start out where Europe has totally exchange rate mechanism of some sort...create some type of currency bloc to create some "heft" as all the other world reserve currencies get obliterated. I would argue very strongly that metals prices are really being set up for an even bigger fall here. Oh, and "we're really gonna find out just how efficient US industrial capacity really is" now that a "free energy and materials solution" is on the table.

Mon, 01/20/2014 - 05:28 | 4347654 tvdog
tvdog's picture

You mean the Swiss franc? The only reason the franc would be in trouble is because they are printing them to cover massive capital inflows from the Eurozone.

Mon, 01/20/2014 - 11:29 | 4348140 RaceToTheBottom
RaceToTheBottom's picture

The Swiss franc is a sort of mini Euro, as they have pegged themselves to the Euro.  With their kowtowing to the US IRS and the peg, they are a shadow of their past.

Sun, 01/19/2014 - 17:16 | 4346635 BanksterSlayer
BanksterSlayer's picture

If Germany wants gold, maybe it should start cutting a deal with the people who actually HAVE gold.

Follow the yellow brick road, dear Angela.

Sun, 01/19/2014 - 21:44 | 4347165 FreedomGuy
FreedomGuy's picture

Germany should offer to send over a boat and their own armored trucks. That should call the bluff.

Mon, 01/20/2014 - 01:04 | 4347493 Harbanger
Harbanger's picture

What's with all this National identity as if it makes a difference, who's Gold is it anyway?  Germany is no different than the US.  Aren't MerKel and Obama puppets to the same bankers?

Mon, 01/20/2014 - 01:22 | 4347503 FreedomGuy
FreedomGuy's picture

Well, they must work for different bankers or they would not rock the boat.

Mon, 01/20/2014 - 01:28 | 4347510 Harbanger
Harbanger's picture

So there are competing bankers between nations? something's not clicking with the globalist meme.

Mon, 01/20/2014 - 04:23 | 4347614 Volaille de Bresse
Volaille de Bresse's picture

"So there are competing bankers between nations? something's not clicking with the globalist meme"


Simple : when there's no food left in the stable, horses start to fight each others. 

Mon, 01/20/2014 - 07:23 | 4347703 Tall Tom
Tall Tom's picture

Yes. There are cracks appearing in the NWO. They become weaker as we gain strength. I have foreseen this. As the psychopaths get bored and more power hungry they will start to cannabalize themselves. A house divided cannot stand.


So there will be one on the World stage who will enter at the time of the greatest upheaval and reunify. He will declare that there will be peace and it will happen. But only for a limited time.


The story has been written and is being played out as I write.

Mon, 01/20/2014 - 11:30 | 4348144 RaceToTheBottom
RaceToTheBottom's picture


"Germany should offer to send over a boat and their own armored trucks."

Das Boat

Mon, 01/20/2014 - 14:39 | 4348638 TBT or not TBT
TBT or not TBT's picture

Jeremy Irons stole it all years ago, using, bingo, a bunch of trucks and a boat.

Sun, 01/19/2014 - 15:06 | 4346334 atomp
atomp's picture

Their teeth must have been HUGE!

Sun, 01/19/2014 - 17:54 | 4346701 Cap Matifou
Cap Matifou's picture

But of course the current gold issue has nothing to do with any war loots, rather the economic miracle years of the 50s.

Sun, 01/19/2014 - 19:42 | 4346907 El Oregonian
El Oregonian's picture

Regardless, whatever you get back you'd better X-Ray the bars to ensure that it isn't just gold-covered tungsten.

Sun, 01/19/2014 - 18:47 | 4346797 Papasmurf
Papasmurf's picture

Wasn't large teeth, just a lot of them.

Mon, 01/20/2014 - 03:35 | 4346985 Colonel Klink
Colonel Klink's picture

Yeah all 192 million of them! /sarc

For all the non-jewish math challenged, that's 6 million times 32 gold teeth per person.

Mon, 01/20/2014 - 05:32 | 4347657 tvdog
tvdog's picture

And they made lampshades out of their skin too!! (Or not ... even the Jerusalem Holocaust Museum doesn't buy that one any more.)

Mon, 01/20/2014 - 13:03 | 4348392 IrritableBowels
IrritableBowels's picture

It puts the lotion on its skin.

Sun, 01/19/2014 - 15:10 | 4346342 DoChenRollingBearing
DoChenRollingBearing's picture

To my knowledge, the terms and conditions of of the return of Germany's gold have not been publicly released.   There may be devils in the details that show up in stories like this as appearing very strange or conspiratorial.

That said, I recommend to other smaller central banks (such as our own Central Bank of DoChenRollingBearing) that they get their physical gold ASAP.

Despite numerous assurances from some knowledgeable people (Bron Suchecki, etc.) and despite doubts from others (Turd Ferguson, etc.), I doubt there is any real way we "shrimps" are going to know "the truth".

The best thing is to have and hold as much physical gold as you are comfortable with.  And if you do not have it, better get going!

Sun, 01/19/2014 - 15:21 | 4346366 Handful of Dust
Handful of Dust's picture

Mehr Schmierung, bitte.

Sun, 01/19/2014 - 17:41 | 4346674 effendi
effendi's picture

Terms and Conditions?

Germany owns that gold, it should be the one making the terms and conditions.

If you had a million (or a billion) bucks deposited in a bank you would not accept 7 year "terms and conditions" to withdrawl it. You just notify them that you want YOUR money, the bank takes under a week to organise the armoured van deliveries to your branch and you pick your money up.

700 odd tons of gold is not that hard to shift internationally, a number of airports have shifted 100 tons/month with no security or logistics issues so a year after the Germans notified that they wanted their gold they should have it all.

Sun, 01/19/2014 - 18:25 | 4346734 DoChenRollingBearing
DoChenRollingBearing's picture

Anything big has terms and conditions, I invite any attorneys reading to comment.  Of course, it's their gold.  But, terms and conditions include things like:

-- Where does the holder's risk start (say the plane goes down)?

-- We would need to see the origibal documents of Germany putting its gold at the Fed...

-- Does the FRBNY have to return the very same bars that ewre deposited, or not?

-- Who pays transport, whose jets / ships?  How many shipments?  Who insures them?


I buy bearings, a relatively simple and small matter.  Yet, almost everything about our transactions is all spelled out along the way (by contract or trading custom).  Why should it be any different for returning 700 tonnes of gold (approx. $26 billion worth)?



A medium to large bearing order for us would be some $50,000.  The German gold in question would be worth 500,000 times one of our bearing orders.

NOW tell me there would be no terms and conditions...


Sun, 01/19/2014 - 18:27 | 4346760 Boondocker
Boondocker's picture

i am not an attorney but I have worked on some interesting shipping projects....can't believe it would be that hard to get the proper insurance and logistics in place.  the trick here is making sure what is shipped is really what they say it is.....and I think we all have our doubts about that.

Sun, 01/19/2014 - 19:03 | 4346833 DoChenRollingBearing
DoChenRollingBearing's picture

There you go, one I forgot: testing the bars!

Sun, 01/19/2014 - 20:29 | 4346996 NoDebt
NoDebt's picture

One more important reason exists why this would take so long, aside from the terms and contracts.... both sides have good reason not to have a failed delivery.  That would have the potential to start a panic.  You don't knowingly break your counter-party and start a conflagration.  Same reason I think you won't see COMEX hit zero inventory, officially.

Mon, 01/20/2014 - 05:45 | 4347667 Manthong
Manthong's picture

" Does the FRBNY have to return the very same bars that were deposited, or not?"



Sun, 01/19/2014 - 18:38 | 4346778 Greenskeeper_Carl
Greenskeeper_Carl's picture

yes sir, and visit the good folks at and get your own in home safe deposit box to keep it in

Sun, 01/19/2014 - 18:07 | 4346370 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

If all the gold which Hitler stole only came from Jews I guess he may have been right about their undue influence on finance. Why would such a small minority posses such a high percentage of the available gold? Do you believe that massive concentrations of wealth does not have influence today? Why would it have been different then?

I do not recall any efforts to get back gold from Swiss bankers except by one particalar ethinc group.

In the abscence of such action then all of the gold taken by Hitler must have belonged to them, right?

I do not believe that this group would make untrue claims against others assets without the rule of law and the moral high ground do you?


Mon, 01/20/2014 - 01:24 | 4347506 emersonreturn
emersonreturn's picture



i don't recall ever hearing how much german gold was/is claimed by the rotchildes?

Mon, 01/20/2014 - 05:02 | 4347641 disabledvet
disabledvet's picture

All that gold ended up in Portugal..."you want your gold back...start with them."

Mon, 01/20/2014 - 08:16 | 4347730 GetZeeGold
GetZeeGold's picture



Can't prove how Hitler got the gold. It could have been already been there when he got there.


The cool thing about gold is it's one knows.....or really cares.

Sun, 01/19/2014 - 16:41 | 4346554 Chandos
Chandos's picture

«Hey Germany, karma is a bitch, you stole the gold from the mouths of Jews and now you cant get it back - boo hoo!»


Yes of was total war out there on multiple fronts, but there was still ample time and dedicated workforce to extract tons and tons of gold from the teeth of Jews...AND make pretty lampshades, AND soap..don't forget the soap!....This whole meme needs to be taken down piece by piece, diligently, thoroughly, systematically and with proper respect to ALL who suffered....that's my opinion anyways.

Sun, 01/19/2014 - 19:37 | 4346892 Skip
Skip's picture

“I’ve checked out Churchill’s Second World War and the statement is quite correct – not a single mention of Nazi ‘gas chambers,’ a ‘genocide’ of the Jews, or of ’six million’ Jewish victims of the war.

Eisenhower’s Crusade in Europe is a book of 559 pages; the six volumes of Churchill’s Second World War total 4,448 pages; and de Gaulle’s three-volume Mémoires de guerre is 2,054 pages. In this mass of writing, which altogether totals 7,061 pages (not including the introductory parts), published from 1948 to 1959, one will find no mention either of Nazi ‘gas chambers,’ a ‘genocide’ of the Jews, or of ’six million’ Jewish victims of the war.”

– Richard Lynn, Professor Emeritus
University of Ulster, December 5, 2005

Mon, 01/20/2014 - 04:22 | 4347613 Moe Howard
Moe Howard's picture

Just wondering if Eisenhower mentioned his death camps for German nationals at the end of the war in his "Crusade in Europe"? Anybody know?

Wed, 01/22/2014 - 01:42 | 4354570 Tim_
Tim_'s picture

Eisenhower's West Point graduating class yearbook identified him as a "terrible Swedish-Jew."

Other Losses: The Shocking Truth Behind the Mass Deaths of Disarmed German Soldiers and Civilians Under General Eisenhower's Command

"More than five million German soldiers in the American and French zones were crowded into barbed wire cages, many of them literally shoulder to shoulder. The ground beneath them soon became a quagmire of filth and disease. Open to the weather, lacking even primitive sanitary facilities, underfed, the prisoners soon began dying of starvation and disease. Starting in April 1945, the United States Army and the French army casually annihilated about one million men, most of them in American camps" (p. xix).

"Eisenhower's hatred, passed through the lens of a compliant military bureaucracy, produced the horror of death camps unequaled by anything in American military history. In the face of the catastrophic consequences of this hatred, the casual indifference expressed by the SHAEF officers is the most painful aspect of the U.S. Army's involvement" (p. xx).

Sun, 01/19/2014 - 19:45 | 4346918 Tim_
Tim_'s picture

Can you imagine jew soap? No matter how much you scrub, you never get clean.

Sun, 01/19/2014 - 20:50 | 4347042 falconflight
falconflight's picture

You need bleach to disinfect scum like you and your ZH friends.  Effing A, what monsterous souls. 

Mon, 01/20/2014 - 08:18 | 4347732 GetZeeGold
GetZeeGold's picture



you and your ZH friends


Wouldn't that also include you?

Sun, 01/19/2014 - 17:38 | 4346667 JR
JR's picture

 Hey Germany, karma is a bitch, you stole the gold from the mouths of Jews and now you cant get it back...

The discussion here involves hundreds of tons of gold, a current situation. And your 70-year-old claim seems to smack of Zionist propaganda in that western Jewish bankers have been using such psychological stories for years to raid European capitals of their savings on lawyer-claims of restitution.

A prime example was the late Edgar Bronfman, referred admirably to by many as the “King of the Jews” for his powerful hammerlocks on Europeans to deliver to Jews their people’s savings in restitutions, special privileges, immigration advantages, et cetera.

Bronfman’s New York Times obit states that ”as president of the World Jewish Congress, from 1981 until 2007, Mr. Bronfman turned a loose, cautious federation of Jewish groups in 66 countries into a more focused, confrontational organization.”

Among the “improved conditions for Jews” he campaigned successfully for in these countries was “to force Swiss banks to make restitutions of more than a billion dollars to the relatives of German death camp victims who deposited their savings in Switzerland before World War II.”

There’s your gold; Bronfman had no proof that I know of to make his claims, except the political and propaganda pressure that he used to force these politicians to deliver the money. Do you?

And, last but not least, Bronfman money, which he inherited in part from his father, the Russian-born Sam Bronfman who migrated to Canada from Russia and made his fortune in liquor, gambling, prostitution and drugs (going “legitimate” when he assumed control of the Montreal-based Seagram distillery), along “with the Rothschilds, the Oppenheimers of South Africa and the late Armand Hammer… bankrolled the moved into the United States by Australian media tycoon Rupert Murdoch,” according to AFP, “now a major influence over the American ‘conservative’ movement.”

For a view of Bronfman’s mob-connected stranglehold on all aspects of the media, see:

Sun, 01/19/2014 - 20:29 | 4346916 Urban Redneck
Urban Redneck's picture

The bulk of the gold Germany stole was looted from banks (and central banks).

There was one upside for the Swiss- all that whining about restitution etc. motivated the SNB to pull ALL of the gold it was entrusted with out of the NY Fed LONG before anyone else did, else the Swiss would be standing in line with the slow lazy Germans.

(the current Swiss stupidity of entrusting ANY of the Swiss gold to Mark Carney's current or former employer is another matter, but even if SNB wises up they're not likely to tell anyone until they're forced to)

Mon, 01/20/2014 - 09:57 | 4347879 aerojet
aerojet's picture

So you're saying the Nazis didn't loot everyone they enslaved?  I find that hard to believe.  I think they sure as hell did pry gold out of the mouths of the dead, and they did far worse things, too.  And so did the Russians.

Sun, 01/19/2014 - 22:48 | 4347285 Barking Seal Troll
Barking Seal Troll's picture

"stole the gold from the mouths of Jews"


"repatriate 674 tons of gold"

674 tons.  That's 604 million grams.  Even if all 32 teeth had 1 gram gold fillings, that would require 18.9MM dead jews.  Better revise that Holohoax number up instead of down (as has already been done twice at Auschwitz - funny that when Auschwitz's # went down, the 6MM figure remained the same)

604 million grams?  Even for big mouths like Debbie Wasserman-Schulz that's A LOT.

Sun, 01/19/2014 - 22:49 | 4347289 Barking Seal Troll
Barking Seal Troll's picture

Not that 18.9MM doesn't have a nice ring to it. 

Sun, 01/19/2014 - 23:26 | 4347349 BlobbyBlueBland
BlobbyBlueBland's picture

It might have a nice ring to it, but the 6 million number they cling to is just so much more important in their prophecies. That's why it is never revised downwards, despite all reasonable evidence pointing to the number being less.

Tue, 01/21/2014 - 21:17 | 4353936 FreedomGuy
FreedomGuy's picture

So, if it is 5.9, 5, 4, 3 million is it really less bad?

The only thing I would like added are the many other classes of dangerous and noncompliant who were also sent to labor camps and killed.

But, the main point in murderous despotism on which I hope most of us can agree.

Wed, 01/22/2014 - 01:49 | 4354580 Tim_
Tim_'s picture

The number of "victims" on the plaque at Auschwitz was lowered from 4 million to 1.5 million, but the mythical "6 million" never changed.

Here is a picture of the 1919 Holohoax.

Mon, 01/20/2014 - 05:13 | 4347648 tvdog
tvdog's picture

Hey Germany, karma is a bitch, you stole the gold from the mouths of Jews and now you cant get it back - boo hoo!

Actually, it's the other way around. This is the third time that the Jews have stolen the German gold. After each world war, Germany's gold was taken to pay war debts.

Gold confiscated from Jews in the concentration camps has already been restored to their descendants. Gold confiscated from others, probably not.

Mon, 01/20/2014 - 09:55 | 4347872 aerojet
aerojet's picture

The people of contemporary Germany bear no responsibility for the atrocities of the past.  They weren't even born when that took place.

Sun, 01/19/2014 - 15:36 | 4346409 VD
VD's picture

Da Halfrikan hitler yo

Sun, 01/19/2014 - 14:48 | 4346267 TruthInSunshine
TruthInSunshine's picture

"If you like your physical gold & want it all back in your possession, you can have it all back in your possession in 134.8 years."

Sun, 01/19/2014 - 15:06 | 4346329 Citxmech
Citxmech's picture

If Germany shipped the Fed non-LGD bars, then why do LGD bars need to be returned?  WTF?  That's like putting old, bent, scratched-up, and worn gold sovereigns in a safety deposit box at the bank, and then the bank telling you that it was going to take them a few months to rework the coins into pristine gold Maples before you could pick them up,  

Sun, 01/19/2014 - 16:02 | 4346456 macholatte
macholatte's picture

If Germany shipped the Fed non-LGD bars, then why do LGD bars need to be returned?


Yes. Confusing.

IF the Germs (or anyone else) had specific bars, numbered and accounted for, and now wants those specific items back, then isn't that what it should get?  On the other hand, maybe the Germs never looked at the product to start with (negligence). Maybe they did a mail order deal and bought the shiny stuff out of the Sharper Image catalog and had NY store it. Now they do the inspection thing and discover the discrepency. Maybe the Germs were negligent in the beginnig and decided that keeping it all quiet was in their best interest.  Maybe we should get that part of the story sorted first.


Just cause you got the monkey off your back doesn't mean the circus has left town.

George Carlin


Sun, 01/19/2014 - 19:27 | 4346876 jerry_theking_lawler
jerry_theking_lawler's picture

huh, a German not knowing his details...not gonna happen. Most likely, the .fed doesn't have Germany's original bars. German agreed to take LGD bars only as transfers (knowing the US quality has been poor in the past)....

Sun, 01/19/2014 - 16:38 | 4346547 Urban Roman
Urban Roman's picture

It had to be reformulated to the new Ft Knox standard: 98% tungsten.

Mon, 01/20/2014 - 03:43 | 4347583 Colonel Klink
Colonel Klink's picture

I thought it was .999 pure tungsten with a trace gold plate?  Wow, I got ripped off!

Mon, 01/20/2014 - 14:46 | 4348654 TBT or not TBT
TBT or not TBT's picture

And voila the real reason incandescent bulb production had to be stopped...tungsten demand for the NYFRB.

Sun, 01/19/2014 - 17:59 | 4346716 JR
JR's picture

Is Germany's Gold Housed in New York, Paris and London All Gone?
zerohedge ^ | 1-7 2014

Posted on ‎1‎/‎8‎/‎2014‎ ‎8‎:‎38‎:‎12‎ ‎AM by dennisw on Free Republic

foreward by JS Kim, Managing Director of SmartKnowledgeU

Here is a recent correspondence from our friend Lars Schall, an independent financial journalist, and the German Central Bank, the Deutsche Bundesbank, regarding the exact whereabouts and specifications of Germany’s national gold reserve. From the correspondence below, it appears that the US Central Bank had already leased out Germany’s gold reserves in prior years and no longer has it, as the gold bars the US Central Bankers returned to Germany last year were clearly not the same ones that Germany originally deposited with them. The questions Mr. Schall’s revelations now beg is (1) if the Banque de France and the Bank of England have Germany’s original gold as well; and (2) if the various Central Bankers are deliberately returning Germany’s gold on a painfully slow timeline because they have already leased out Germany’s gold into the open market in prior years, no longer hold it, and must
therefore scrape together Germany's gold from the open market now.

Below is Mr. Schall’s inquiry to the Deutsche Bundesbank:

December 26, 2013

Dear Ladies and Gentlemen:

I am an independent financial journalist. In connection with the transfer of 37 tons of Bundesbank gold from New York to Germany, I came across the news that the bars were melted before the transfer. May I kindly ask you for the following information:

Why were the bars melted at all? And why couldn’t that wait until the bars arrived in Frankfurt?

Kind regards,

Lars Schall

Below is the Bundesbank’s curious reply that is riddled with a lack of transparency:

Mon, 01/20/2014 - 07:58 | 4347716 Tall Tom
Tall Tom's picture

If Germany shipped the Fed non-LGD bars, then why do LGD bars need to be returned?


LEARN TO READ. The Federal Reserve, in collusion with the Bank of England, in 1968, shipped Germany "Bad Delivery Bars".


In fact this raises questions about the purity of ANY PRODUCT from the US Assay Office in my this very day.


From bad to worse.


From the Memo dated May 1968

"We have from time to time had occasion to draw the Americans’ attention of the poor standards of finish of U.S. Assay Office bars."

Sun, 01/19/2014 - 22:50 | 4347291 Barking Seal Troll
Barking Seal Troll's picture


In homage to the ACA I was thinking more along the lines of:

"If we like your gold.....we can keep it."

Mon, 01/20/2014 - 10:40 | 4347972 f16hoser
f16hoser's picture

You mean "Prescott Bush's" fault?

Sun, 01/19/2014 - 14:43 | 4346259 TeamDepends
TeamDepends's picture

"I'll be bock".  -Germany

Sun, 01/19/2014 - 14:57 | 4346308 Skateboarder
Skateboarder's picture

"Time to wheat out the pussies in this joint." -El Hefe

Sun, 01/19/2014 - 14:48 | 4346274 jcpicks
jcpicks's picture

We fully expect to be financially viable within the next 7 years.

Sun, 01/19/2014 - 15:19 | 4346362 thunderchief
thunderchief's picture

They would have had an easier time getting it back from the Russians.

Sun, 01/19/2014 - 15:28 | 4346385 Eireann go Brach
Eireann go Brach's picture

I heard Obama is melting a lot of this Gold down and giving it to his nappy haired Ho's and rapper friends, hence all the gold teeth and gold rims in circulation!

Sun, 01/19/2014 - 17:07 | 4346613 Unpopular Truth
Unpopular Truth's picture

Why would Germany want this barbarous relic anyway /sarc

after all it is getting cheaper everyday as per the free market forces /sarc


Sun, 01/19/2014 - 17:43 | 4346683 midtowng
midtowng's picture

I think the ruling elite would be surprised if they can't pull this scam off. I think they would be honestly shocked if the money conspiracy fails.

Sun, 01/19/2014 - 19:57 | 4346935 thatguy007
thatguy007's picture

raiding GLD like a german surfice raider

Sun, 01/19/2014 - 20:51 | 4347046 Ban KKiller
Ban KKiller's picture

Got it back...its right next to the hopium filled boxes.

Sun, 01/19/2014 - 21:02 | 4347081 Flatchestynerdette
Flatchestynerdette's picture

" exactly is a gold transport "simpler" because it originates in Paris and not in New York? Or does the NY Fed gold travel by car along the bottom of the Atlantic, and is French gold transported by a Vespa scooter out of the country?"


Had to giggle but seriously - if the German's came in w/their weight guy, what's to prevent the Fed from just pushing the gold from one cage to another across the green mile marker? Then when the guy is gone - they push the gold back across to some other country's cage. Sure the bars have serial numbers on them but that's the point of the letter - those bar numbers have been cooked for the manifest.

And what's with the re-smelter issue? Someone from Germany better be on hand to watch that process very closely as the bars are re-made and then get those things back to the homeland immediately afterwards.

Seriously, if the US/Fed doesn't have the gold and we owe it to Germany, I bet a declaration would be made that everyone needed to turn in their gold jewelry to a convienent site like the US postal center and from there it would be transported to NY. Either that or the US would just nationalize the one or two gold mines in the usa for their output until the contract was met. Good job for miners - they'd have job security.

Mon, 01/20/2014 - 08:40 | 4347755 Offthebeach
Offthebeach's picture

I heard a rumor that when the Germans went to the New York Fed and inspected their vault it was empty, dusty with only a spiderweb covered, rusty cookie tin half filled with, a 1967 ESSO Oil Autobahn map, half a book of traveler checks, lose German, French and Italian coins.

Anyway after the shock the Fed wanted to know anout how Frankfurt felt about instead of gold mabe flats of soda pop or Tide detergent.

Sun, 01/19/2014 - 14:39 | 4346242 The Shootist
The Shootist's picture

People in the West will re-learn gold and look upon these years as the dark ages of financial literacy.

Sun, 01/19/2014 - 14:55 | 4346260 fonestar
fonestar's picture shall the Zerohedge poster learn the power and glory of P2P.

Sun, 01/19/2014 - 14:55 | 4346301 Skateboarder
Skateboarder's picture

Napster, Kazaa, Bitcoin, _____ ...

Sun, 01/19/2014 - 15:35 | 4346410 Pseudonymous
Pseudonymous's picture

BitTorrent? Tor? I2P? Gnutella? eDonkey?

Sun, 01/19/2014 - 17:12 | 4346618 SoilMyselfRotten
SoilMyselfRotten's picture

"People in the West will re-learn gold and look upon these years as the dark ages of financial literacy"

I think you give more credit than is deservd. Never underestimate the evolving power of propaganda.

Mon, 01/20/2014 - 11:39 | 4348174 RaceToTheBottom
RaceToTheBottom's picture

Sort of like the Dark Ages?

Nice imagery

Mon, 01/20/2014 - 01:30 | 4347514 TheReplacement
TheReplacement's picture

Lol.  You said tor. 

Sun, 01/19/2014 - 17:52 | 4346697 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

MySpace and the soon to follow Facebook.

Sun, 01/19/2014 - 15:24 | 4346372 Mercuryquicksilver
Mercuryquicksilver's picture

What about NoFiatCoinn traded on Ripple ? Is that better than BTC?

Sun, 01/19/2014 - 15:33 | 4346396 DoChenRollingBearing
DoChenRollingBearing's picture



Why not have it all?

"Gold and Bitcoin"


Sun, 01/19/2014 - 16:26 | 4346526 Kirk2NCC1701
Kirk2NCC1701's picture

Ah, P2P.  The other alt_currency.  ;-)


Sun, 01/19/2014 - 21:52 | 4347182 TheMeatTrapper
TheMeatTrapper's picture

Your "money" evaporates without electricity or internet connectivity. Gold and silver depend upon neither.

Think about it. 

Sun, 01/19/2014 - 15:38 | 4346419 jaxville
jaxville's picture

Germany engaged in swaps with the Fed/ESF with the full knowledge that their gold would be mobilized to contain the rising price. That is the reality that the german people will never hear of. The Bundesbank is every bit as guilty as the Fed in this issue.

Sun, 01/19/2014 - 16:07 | 4346487 The Shootist
The Shootist's picture

Jim Rickards has said Buba would prefer their gold stay in NY where it can be more easily used to suppress price. Only a few politicians are responsible enough to call for repatriation.

Sun, 01/19/2014 - 18:52 | 4346816 Greenskeeper_Carl
Greenskeeper_Carl's picture

of course they would, that why buba would rather this stay quiet. The central banks all know the score, they know their gold isnt there, and would never have done this had a handful of oliticians made a stink about it, because some small number of very vocal voters made a stink about it. Buba has no interest in making this into a big issue, as the central banks have each others backs, since it is in all of their interests to keep the fiat/ponzi game going as long as possible.

Mon, 01/20/2014 - 10:16 | 4347918 Kobe Beef
Kobe Beef's picture

Fucking thieves

Sun, 01/19/2014 - 16:22 | 4346523 Cap Matifou
Cap Matifou's picture

The other reality is with the secret treaty of 1949, that forbids Germany any sizeable gold holdings for 150(!) years.
This is the "legal problem" every serious attempt to verify or return German gold runs into.

Germany’s sovereignty restricted by US and allies, insider’s book claims
The former head of the West German Military Intelligence has issued a book revealing secret details of a 1949 US-German treaty, alleging America and its allies have been deliberately suppressing the nation’s sovereignty.


Sun, 01/19/2014 - 16:34 | 4346538 Kirk2NCC1701
Kirk2NCC1701's picture

What the masses/sheeple/Bubbas also don't know that the old Feudal Wars are still ongoing.

It's not so much the US, but the UK that did not want Germany's natural advantages (a large, well-educated work force in the middle of Europe) to regain its natural dominance.  Hence all the built-in handicaps... to keep the House of Windsor & Aristo-Friends, and the City of London in its position of primacy.

And also why they hate the EU and the Euro.  "We hates them!" -Gollum

Sun, 01/19/2014 - 23:06 | 4347317 Barking Seal Troll
Barking Seal Troll's picture

"Hence all the built-in handicaps... to keep the House of Windsor & Aristo-Friends, and the City of London in its position of primacy."

You are aware that the House of "Windsor" is Germanic in origin, and that the 'Windsor' name was adopted in 1917 due to anti-German sentiment in UK?

"On July 17, 1917, by royal proclamation, King George V changed the name of the British Royal House from the House of Saxe-Coburg and Gotha to the House of Windsor."


Mon, 01/20/2014 - 04:35 | 4347627 Moe Howard
Moe Howard's picture

Stop confusing the plebs with silly shit like facts brother....

Mon, 01/20/2014 - 10:16 | 4347923 Kobe Beef
Kobe Beef's picture

Fucking liars

Mon, 01/20/2014 - 17:10 | 4349100 Cap Matifou
Cap Matifou's picture

They are as much German or British, as Soros is Hungarian, Kissinger is German (or American), or Brzezinski is Polish.

Sun, 01/19/2014 - 16:58 | 4346600 Pure Evil
Pure Evil's picture

As long as the Empire maintains military bases and troops on your soil, you're no longer a sovereign nation.

Sun, 01/19/2014 - 23:02 | 4347311 Herd Redirectio...
Herd Redirection Committee's picture

You need look no further than veto power on the UN Security Council.  UK has it.  France has it.  US has it.  Germany... Not so much.

Sun, 01/19/2014 - 23:33 | 4347364 StychoKiller
StychoKiller's picture

Kinda makes ya wonder what kinda leverage the Phillipines used to get rid of Subic Bay and Clark AFB...

Mon, 01/20/2014 - 00:31 | 4347447 BidnessMan
BidnessMan's picture

They know what happened to the Yamashita gold.

Mon, 01/20/2014 - 08:14 | 4347727 Tall Tom
Tall Tom's picture

Well there was that Volcanic Eruption that made those bases unusable and economically infeasible to clean them up. Remember Mt. Pinatubo???


Maybe it was the Forces of Nature, coincidentally with Clinton's policy of downsizing Bases, concurrently with the Budgetary concerns in the 1990s that led to the US Armed Forces abandonment of the bases.


Maybe it had little to nothing to do with what the Filipino people wanted at all...

Mon, 01/20/2014 - 04:28 | 4347618 Sandmann
Sandmann's picture

The Euro is predicated on German revaluation of BUBA gold reserves which was a conmvenient juncture to cover misappropriation of physicals

Sun, 01/19/2014 - 21:57 | 4347198 RiverRoad
RiverRoad's picture

Helter smelter.

Sun, 01/19/2014 - 14:39 | 4346243 Millivanilli
Millivanilli's picture

Corzined bitchez.




Sun, 01/19/2014 - 16:02 | 4346470 Jam Akin
Jam Akin's picture

Take it to the limit:  Corzine - Weiner 2016

Sun, 01/19/2014 - 17:21 | 4346646 TeamDepends
TeamDepends's picture

Not bad, but it needs more street cred.  How 'bout Corzine-Danger 2016?

Mon, 01/20/2014 - 08:19 | 4347736 GetZeeGold
GetZeeGold's picture



If you need some boots on the ground for that.....give me a call.

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