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Was The Price Of Ukraine's "Liberation" The Handover Of Its Gold To The Fed?
A curious story, and one which should be taken with a mine of salt, has surfaced out of the pro-Russian newspaper Iskra, which reports - so far on an entirely unsubstantiated basis - that last Friday, in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US.
From the source:
Tonight, around at 2:00 am, an unregistered transport plane took off took off from Boryspil airport.
According to Boryspil staff, prior to the plane's appearance, four trucks and two cargo minibuses arrived at the airport all with their license plates missing. Fifteen people in black uniforms, masks and body armor stepped out, some armed with machine guns. These people loaded the plane with more than forty heavy boxes.
After this, several mysterious men arrived and also entered the plane. The loading was carried out in a hurry. After unloading, the plateless cars immediately left the runway, and the plane took off on an emergency basis.
Airport officials who saw this mysterious "special operation" immediately notified the administration of the airport, which however strongly advised them "not to meddle in other people's business."
Later, the editors were called by one of the senior officials of the former Ministry of Income and Fees, who reported that, according to him, tonight on the orders of one of the "new leaders" of Ukraine, all the gold reserves of the Ukraine were taken to the United States.
Indicatively, according to the latest IMF figures, Ukraine's official gold holdings are just over 40 tons, having doubled in the past decade:
So just more disinformation and propaganda surrounding the Ukraine, or something more? GATA has submitted an inquiry into the New York Fed to get official denial (because it certainly won't get a confirmation) from the Liberty 33 folks.
Of course, the best source of validation, and refutation, of this story would be the people of Ukraine, alas since not even Americans are entitled to observe how much gold is in Fort Knox, somehow we doubt that the Central Bank of Ukraine will be any more lenient in providing visiting and viewing hours for its much more compact gold inventory. Especially since the local population is far more busy celebrating its "liberation" by western powers.
We hope, for their sake, they weren't also just "liberated" of all their gold, which after a brief stay 80 feet below the surface at 33 Liberty, will promptly find its way either to the Bundesbank, or to the billionaire oligarchs, based either in London or elsewhere, and currently in charge of "post-liberation" Ukraine.
Finally, putting this into perspective, 40 tons of gold is roughly what China imports every ten days.
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I thought Portugal's gold got 'lent out' - don't think they got it back when Drexel went under.
"Physical gold is a tangible asset, and therefore does not have counterparty risk. But a loan – regardless whether you are lending euros, dollars or gold – is only as good as the creditworthiness of the borrower. This lesson was learned the hard way, for example, by the central bank of Portugal. had loaned gold to Drexel Burnham Lambert, and that gold receivable was still outstanding when this bank failed two decades ago."
from http://www.globalresearch.ca/where-is-germany-s-gold/25835
Couldn't they have saved the round trip and just landed in Germany. Forget oil, this is all about GOLD.
US planes towed banners over Kiev:
WE BUY YOUR OLD GOLD
"we transport your old gold" sound more realistic.
What ever happened to Libya's gold? They had a pretty substantial amount.
A bit odd that one of the first things the rebels did was to start up their own 'central bank' - though not much news has surfaced since they came to power.......
Libya's Au is also stashed in the secret Khazar Repository hidden somewhere deep in central europe or central asia, next to Saddam's and now the new arrivals from Ukraine. I would suggest the location is Wolf's Lair, Hitler's old HQ deep in the forest, an ironic stash place. Nobody would look for it there.
and have the effect to calm the Ukraine nazis.
Needed tungsten.
to make 40 tons to 400 tons?
It's the price of "liberty" nowadays.
If they were Asian...under the black balaclava, maybe its a Gold payoff to China, or some other Gold dealing.
Maybe its payment for services (to be) rendered when/if this heats up ?
Abragaddafi!
I will pray that the appropriate authorities will find the culprits, if this story is true, and f**king kill them with the most extreme predjudice imaginable. If that takes doing so under the cloak of darkness, the brightness of daylight, while looking them in the eye or otherwise, it makes no difference to me at all.
These motherf**kers have murdered good people (via false flag sniper assasinations, for starters) for this barbarous relic.
I pray that justice be done, wherever the culprits that took place in this theft may reside. And I mean WHEREVER.
Sadly, I have to pray that the instrument of our justice will be Putin, as he seems to be the only power on Earth that makes any sense to rational, thinking, sentient, human beings.
How did this world become so insane?
How did this world become so insane?
Surely you jest. PUKIN is a MEGALOMANIACAL PSYCHOPATH. He may not be as bad as OBAMATM (O Be Another Murdering Asshole), or, BUSHTM (Butt Ugly Slaughtering Hypocrite). But PUKIN is still an EVIL FUCKING MONSTER.
And you think that he makes sense? Now that is insanity.
Taking on the FSB all by yourself I see.....even Eric Snowden didn't try that.
The appropriate authorities, the banksters, has already punish the culprits. The Maidansquare thugs are sentenced to hard labour to transport the 40 tons gold to USA and the snipers to death, their organs are already in the underground market for sale.
I am actually starting to believe some of this shit you post.
I think the germans are too.
almost ditto, but still skeptical of EVERYTHING!
So it's assumed it flew to NYC, huh?
LOL
Oh yeah man, its got the newest version of the flux capacitor, just drop in a few beer cans and its good for thousands of miles.
No, it would be good for thousands of years. The car has always been moved by it's regular engine (PRV-V6, developed by Peugeot, Renault and Volvo, with measly 132 horsepowers), and it needs gasoline! The Flux-capacitor is for time-travel - not a power-source. It just got hooked up to a matter-energy-converter from the future because it needs 1.21 GW in order to travel through time, but the necessary motion has to be provided by the DMC-12 alone.
Switzerland? It's still the same playas.
"A curious story, and one which should be taken with a mine of salt..."
Yeah, Iskra. The source is obviously unimpeachable so it must be true...lol.
Explain to me why they couldn't give some of it to the Germans, you know, so they could "safekeep" it. I mean atleast, SOME, of Ukraine's gold would be close to their country. Right?
Btw... anyone else recently notice the increase in inventory at the GLD and negative GOFO rates turning positive? All a coinciedence i'm sure...
"Explain to me why they couldn't give some of it to the Germans, you know, so they could "safekeep" it. I mean atleast, SOME, of Ukraine's gold would be close to their country"
Because Germans`representative Klitschko is not in the Junta of Kiev. No power no gold.
NATO will starts AWACS reconnaissance flights over Poland and Romania to help monitor the crisis in Ukraine, the alliance said Monday, according to Reuters.
NATO ambassadors, acting on a recommendation from NATO's top military commander U.S. Air Force Gen. Philip Breedlove, approved the flights Monday, a NATO spokesman said.
"Expect NATO to cross over Ukraine's boarder as eminent".
Well we can't have those gold bearing airplanes mysteriously disappear. Gotta put up the AWACS to track them and the F-15s to protect them.
We are already in Ukraine airspace with F-15, F-16 heavy on border and 50 miles in. US has spec ops on ground, has for some time through CIA and now more through EU command. Don't kid yourselves, this is already hot, just not high profile shots fired.
Funny because the military bases in Cali are kind of busy too. Has someone seen fit to liberate us?
Big question is will US Special Ops abduct and kill Ukrainians trying to break away from Ukraine and join Russia?
First we took their Nukes and then the Ruskies came because they were not protected. Now we demand their gold.
Klitschko's mouthpiece is calling for US/NATO military forces since the US "guaranteed" Ukraine's independence when they gave up their nukes.
There is a cover stroy over at USAToday.
Now all Rentboy and Kohn have to do is send in troops "just like the Crimeans asked for Russian Forces," will be the USG response. "We are doing nothing Russia did not do in the eastern part of Ukraine.
This puppy could still bite and go nuclear.
I knew electing a drug-addled Rent Boy and his manipulators would get us into Big Trouble. Throw in Kohn-Kerry, a Crypto-Tribal member, and you have Danger.
I have zero trust to any information coming from Russian media. They live in own imaginable world these days which would be halmless if they did not have nukes..
Fox News. Hiroshima.
.
The capacity of Ukrainian Junta Citizenism citizens to start off with a postulate and go off the tracks is astounding. Done in one breath...
Up arrow for creativity even if I don't know what you're trying to say
The new leadership probably liquidated it. If they can't get through this process they are fucked anyway. Who cares about having gold in the future. They are operating without much time.
Meanwhile, in the depths of the secret Khazar Gold Repository, a new wagonload of Gold rolls in....
Afterwards, a Tribal Celebration!
actually those were for me, in exchange for stash of toilet papers ...
So our Fed can move Ukraine's gold over night. Germany's gold, that's gonna take 7 years. Anyone see a combination of missing logic and hypocracy in this?
It was Europe and Germany ginning up this mess...even the Russians admitted that. "Now that it's real where is Europe now?"
Not a single one has point on the conflict of their making. "One US Detroyer seems more than sufficient" in my book. I do again reiterate "if the Truxton goes down with all hands are we at war with Russia?" This really has the feel of 1898 "this ain't Cuba."
A "mad dash to Kiev" really looks in the cards here "and just like that the USA and Russia are at war."
I was gonna call bullshit, but it's only barely technical possible. An IL-76MD-90 has a cargo capacity of 60 tons. Either way, putting the type of aircraft would help the validity of the story.
42 tonnes? One good Sunday night smackdown aaannnddd..... its gone!
42 tons, 40 boxes. Those guys are strong. More salt please.
this story is more anti semetic anti fed propaganja.
i was speaking to lord edwyne rothschild only yesterday about these rumours.
you see he owns through proxy a security firm called aegis i think it is called ex parachute regiment sas types you know the drill.
anyway those guys are very good did some serious heavy lifting in the libyan theatre that was a proper gold heist sorry resettlement i mean.
anyway the flights started last week was medical machines going to new york,israel and london for repair.
it is vital childrens health is protected so as a good will gesture these machines are being repaired free of charge.
chevron and monsanto along with the rothschild family are heping out in this regard.
stop the jewish hate i say these folks have plenty of gold they would not steal it if any has been moved it is to keep it away from the trouble makers in crimea.
it is vital these machines are repaired and returned and they will be you see we need the children of ukraine in tip top condition for are satanic ritual eyes wide shut events.
you nazi filth turn good deeds like incubator repairs into silly stories shame on you.
You obviously cannot write in English, tony, so it's probable that you don't read English very well either. Whether or not there is any truth to this story, there is not one trace of anti-Jewish sentiment in it. None. You likely are seeing anti-Jewish sentiment in everything you read, but in this case at least, it just ain't there.
Sometimes it seems that sarcasm is a dying form of humor in the USofA. People just don't seem to understand it anymore; they have become very literal minded. TeeVee, Oprah, Prozac, and over exposure to Rentboy Messiah worship will do that to ya.
rothschild hate jews.
It's gone. It's all gone.
By the way, didn't Ukraine get a new Central Bank chair recently?
Well that is 40 more tons than what Knox has inside. All jokes aside. One must as themselves, why would one put this story out there if it is not true? What is the tactic? What could be gained by printing a made up story of this nature? I cannot think of how this could benefit an opposing side to have this info made public. Any thoughts?
Well, it would be fodder for the eastern ukrainians who believe the west is out to take them over, steal from them, etc. Russia is pushing the idea that it was western agencies that stoked the entire thing (which is largely true). So it fits in well, actually.
Ukraine appears to have been picked clean in the matter of weeks, once the U.S. installed its neo-Nazi regime in Kiev.
free people of kiev
you have put up a good fight
you have earned your hard earned eu nato freedom.
you can now embrace the change like iraq and libya.
monsanto is the new way enjoy the fruits of usa technology.
as for your lead you can keep it.
your tungsten 2
the gold i am afraid it is gone possibly stolen by past leaders.
it is such a complex story like many con spiracies we may never find out the real truth.
All bitcoins that have been stored properly in cold storage are safe.
The gold can be carried out by armed men....BUT YA CAN'T TOUCH MY MUTHAFUCKIN BITCOIN BITCHEZ!!!!!
And THAT in itself IS bitcoin's intrinsic value.
The gold stolen from the Ukraine means that gold has just been hacked. If a country can't keep their gold safe...how can you?
(Golf clap)
Who said the ukies were trying to keep the gold safe?
Sounds like to me that they gave it away.
Stack On
We're talking about the end of the world. Anything is possible.
STOLED BITCHEZ !
It can't be the Americans...
They will need 8 years to move so much Gold!
Import and export gold are two diferent thing.
When you have all the nukes, it doesn't matter who has the gold.
Gold's most useful characteristic is that it distracts most people from the real meaning of geopolitical events, and also from the real valuation and underpinning of fiat currencies.
And what might "the real valuation and underpinning of fiat currencies." be?
threat of global annihilation.
... an illusion
china and russia have much more gold than on this list, and the US and by inferance Germany has much less gold than listed.
Fuckers
the grivnya is dead :(, better adopt the ruble now.
the grivnya is dead :(, better adopt the ruble now.
Ocean's 14
If any of the story is true, the scariest scenario involves what, other than gold, was loaded under guard, what is it capable of, and where did it go, under whose control?
Watch for an an announcement that the Bundesbank received another 40 tonnes of it's gold in March.
Watch China, India and Russia (combined) not give a shit.
Who's on which side?
US and Germany vs. who (in terms of gold?)
Barry Soetoro better hit the golf course (only thing he knows) because his flaccid and feckless leadship is about to BLOW UP in his face and drag down the entire US with him.
Thats not the point, if they give a shit. Russia will of course give a shit taht 40 tons of gold were just stolen from ukraine and went to the usa, even if the so called "heroes of Ukraine" from the majdan don't care cuz they're all dumb. This means the grivnya has nothing to fall back on. if this is true, then USA just financially destroyed and enslaved Ukraine... Time for Ukraine to reunify with Russia. Majdan just made ukraine into a colony. The USA just got its 5 billion back.
Russia. India. China. Iran. Venezuela.
Who's on the side of the US again? Poland? Latvia? Lithuania? France? England stated they are not going to sanction Russia.
Yea....g'luck
That or Nulands tribal members in the new government just got forty billion dollars of gold.
March 11 Folks, wake up to human genome destruction
Fukushima Released Massive Amounts of Plutonium; Being Found In Japan, The Pacific Ocean And Inside Many US Cities; via @AGreenRoad http://agreenroad.blogspot.com/2014/01/fukushima-released-massive-amounts-of.html
As a Canadian, I would like to request that you post a warning before you show a chart of world gold holdings.
No fear.
Canada has 430 million ounces of Au in 'deep storage'.
Stack On
Is the freight pre-paid?
Jamie's roblems gold bank problems and jumping solved? TBTF prisons yet?
Hmmm ok, 40 of 8133.5. 8093.5 more to go. (minus those taken from elsewhere).
Who's next on the list?
Candy and baby and taking come to mind.
While the population is celebrating 'victory', their gold is stolen right before their noses https://www.youtube.com/watch?v=Zfo2uG5saxQ
This story is utter nonsense. I mean, think about it for a second, let's apply some common sense here.
There's no way 85,000 pounds of gold or anything else can be "quickly" moved from four trucks and a few vans then properly packed into the belly of an airplane, especially if those doing the moving are buried in kevlar, carrying rifles, and performing their primary task which would be ... guarding the gold.
Well, you're assuming that when they say they have 42 tons of gold, they actually have 42 tons of gold. If they're anything like the rest of the world, they participated in the gold fractional reserve system and really only had about 4 tons of gold. The paper to represent the other 38 tons fits in a slim file.
Destination: Frankfurt.
Naturally, the Ukrainian people will be assured that the paper deposit receipts they are left with are as "good as gold".
Better be sitting down to read this.
http://www.silverdoctors.com/jim-willie-russia-to-demand-rubles-or-gold-...
I always said those plumes of burning something was plutonium and uranium from the meltdown that broke the reactor vessel and all those trillions of microscopic plutonium and uranium and other radioactive crap took a ride on the jet stream and are now sitting in the lungs and GI tracts of a lot of North American mammals.
74.4 cubic feet = 40 tons
Air force C5 550,000 lbs 180,000 LBS PAYLOAD or 90 tons
TOTALLY POSSIBLE FROM a SCIENCE STANDPOINT..
OF COURSE MY TIN FOIL HAT ONLY COVERS MY LEFT EAR......
http://www.youtube.com/watch?v=yuC_4mGTs98
Fifteen people loaded forty boxes, if it were gold, it would have to be 200 lb boxes with two handles; that would be 8,000 lbs or 4 tons of gold.
At any rate, the sacking has began.
Well it looks like the input tube is all greased up and working well. Now they have to work on the output tube so the germans can get their gold back in this century some time.
Not as much as Libya, but it will do
A later article from that same source starts with claims that they've identified the load as "ancient gold artifacts, paintings, unique historical artifacts" appraised in 2003 at about 27 billion dollars and goes on to make the story even spicier than the initial one...
I don't feel like going on with this article from an unknown source, but in case someone is interested:
http://iskra-news.info/news/trofei_vzjaty_zhertvy_opredeleny_vojnu_mozhno_nachinat/2014-03-09-9204
Google translate: http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fiskra-news.info%2Fnews%2Ftrofei_vzjaty_zhertvy_opredeleny_vojnu_mozhno_nachinat%2F2014-03-09-9204
Those Jews and Nazis sure love paintings and artifacts and all that jazz....
I am surprised the Russians did nothing to stop this, after all it is their wealth and cultural heritage, this was the land that gave rise to the RUS people.
Sad that the only artwork in Ukraine is now its flag painted on the PERKY TITS of hot Ukrainian chicks in Maidan square. If they truck those TITTIES out of the country then I would be really happy. Bring them over to the USA boys.
If you don't hold it you don't own it.
Ukrainian TITS? I agree if you dont hold them you dont own them, very sad but true. But with the country up a creek may be cheap to get some of those titties cheap as a hot mail order bride.
That desperate eh?
If you are going to 'buy', try gold, it never spends any money, never argues and is always smiling when you come home.
This is biggest piece of bullshit for a while.
Just think about it: how do you load 40 boxes, each weighing a ton, into the cargo bay of a regular passenger plane whose payload capacity is probably well below 40 tons? (Just try to move a box weighing a ton in a space that is about one meter high with your bare hands.)
There's no way this is possible. Add a couple of heavy trucks, a forklift and a real cargo plane into the picture and it starts making sense. Not before.
Agreed. Just saw your comment after making the same comment.
Fifteen people loaded forty boxes, if it were gold, it would have to be 200 lb boxes with two handles; that would be 8,000 lbs or 4 tons of gold.
At any rate, the sacking has began.
With the kind of shit that we get over the ZH wire, (the Ukraine any other damn place) we have to know what a grain of salt is. And everybody knows that it comes from dried up oceans.
I expect we'll see
Foreward the end of the week,
A chart of a waterfall
To the Chinese stack.
Stack On
Amazing that the fed can take gold in at a rate of 42 tons in under 24 hours and yet German golds exit speed is set over decades !!!
No, its normal. Germany's gold is in route via US Mail. It will turn up in 2029 in the dead letter office.
Paul Craig Roberts today,"No greater threat to life on earth exists than the utter fools in Washington", in reference to US neocon military adventures, and the grab for Ukraine.
From the Russia Blog IRAQ.WAR.RU comments section, posters references to the USA . "Americunts" "United Snakes of America". Just a couple of common reference terms for the world hyper power, freedom spreader and proven stooge of Israeli Interests world wide.
I would add in the democrats to that group - oh wait most of the current republicans aka neocons are democrats. The left; destroyer of countries.
More likely is that Ukraine pledged the gold reserve as collateral for a FX loan. This once happened to India during its current account crisis.
If the gold was truly PLEDGED by the new Ukrainian government, WHY would they need to transport it to the FED in NY?
hy·poth·e·cate (h?-p?th??-k?t?)
tr.v. hy·poth·e·cat·ed, hy·poth·e·cat·ing, hy·poth·e·catesTo pledge (property or a ship) as security or collateral for a debt without transfer of title or possession.
This post is all BS
We know the Fed Chairman Bernanke is on the record as saying gold is NOT money.
So why steal Ukraine's gold?
We know Soros sold short on gold big time in the last few years and supported Bernanke's viewpoint.
BUT while this charade goes on well connected money are using worthless FIAT to buy physical gold and silver CHEAPLY.
OMG... now I get it.
So maybe this post is not BS
It has been reported in the main stream media that Ukraine has next to no cash on hand and that Gazprom is on their case requesting payment.
And they can pretty much make up any story they like.
Take your pick.
Either way I think it's an perfectly plausible story that Ukraine's gold is gone.
Gone for good, I'd say.
VApor *****
Q. How do you turn 30 tons of Gold into 3,000 tons of Gold
A. Give, No steal 30 Tons from somebody else and give them a I.O.U claim ticket if they ask for it.
But where's it really going, France perhaps, more precisrly the Rothchilds Manor.
What does "% of reserves" means exactly in this table ?
It is possible. When US Americans invaded Haiti, imposing forced labour that would ruin the ecology of the island, they also sent their marines to seize the gold.
The article is pretty limited though.
It is an 'american' world though, and one that has been plunged into massive debt by 'americans'.
In such context, it is never a good point not to be deeply in debt because people who are deeply in debt will try to seize any asset to make up for their own debt.
When one adds that 'americans' are insolvent, the only solution is to absorb as much as possible. People who are still solvent are the best targets.
That is why the Russian, who keep parading a surplus etc, waves a red flag just before the eyes of the 'american' bull.
'Americans' need injection of wealth simply for their system to keep going a few decades more. They cant do otherwise until they will be force to do otherwise. That is when they eat the entire world.
Welcome to an 'american' world, it is a cosy place to live in , you'll see.
In this particular case we are talking about days, not decades
America is no saint but "imposing forced labour that would ruin the ecology of the island, they also sent their marines to seize the gold." is delusional tripe.
Next stop germany,
Stealing (I mean borrowing) from peter to pay paul...always a banker favorite in this fiat world of ours.
This must have been realized already. America stirs up the Russian Bear using Ukraine as the pretext. Now Russia suddenly becomes an enormous threat to Europe, especially Germany. America had better stop sending back Germany's gold as it is in danger of falling into the hands of the evil Ruskies. Germany's gold remains safe in the USA, but as before they will not be able to see it, they'll just take the word of the USA that it's there. The confidence game with the US "gold" continues a bit longer. Well done you evll bastards, but watch out for that black swan flying past!
40 T of gold for freedom is a small price ;)
Look, no teleprompter. Putin speaks to reportes about Ukraine.
http://www.informationclearinghouse.info/article37889.htm
Bullshit rumour-mongering
all your non-base metals are belong to us
Your gold are ours, our boys are yours.
About that gold holding chart USA has 8k tons and china 1k?
Yes
China is a neophyte in having any real wealth in recent history.
Suspect this is for safe-keeping in case Putin gets a little to greedy and goes for all of the Ukraine.
It's all BS unless it was only a small portion of the Ukranian gold.
40 heavy boxes could not have weighed one ton each.
Lost the article but the US is sending troops to Spain. Spain supposedly has 280 tons and location is great for closing the staite to Russian ships.
Where is Gadaffi's gold?
Wasn't that used to pay of the liberation costs made by NATO?
Where is Gadaffi's gold?
Spent on storage fees.....funny how it worked out to the last gram.
what about his multi billion dollar goldman sachs investments.
what about the libyan peoples sovreign wealth funds.
what about the 260 tons of billion year depleted uranium dumped all over the country
so many whats
Peter Schiff and GATA's Bill Murthy: The Real Value of Gold
It is time to listen and remind ourselves about the real value of Gold and what is coming next with all geopolitical games unfolding at the crucial levels for US Dollar and Gold markets. China is the major subject of conversation here again and Russia is already talking about the asymmetrical retaliation to the imposed by the West sanctions around the Ukraine situation. Gold manipulation can not go foreverwith China buying the record amount of Gold officially and who knows what are the real numbers in its state-level military plan to accumulate Gold for the De-Dollarisation reset?http://sufiy.blogspot.co.uk/2014/03/peter-schiff-and-gatas-bill-murthy-r...
Could of been an exchange of sorts, 40 tons is roughly 1,166,666.67 troy ounces * spot $1352.34 = $1,577,730,004.51. I mean we are sending them a Billion dollars to help them pay the bills. /shrug
Who is this "we" shit. "We" are sending DEBT not value.
"In other news, 40 tons of gold has been returned to Germany..."
China to it's PM broker - 'You found forty more tons this week? Sure we'll take it!'
Isn't it more likely that they simply want their gold located outside the country where Russia can't get it? Holding it in the US, Switzerland, the UK or practically anywhere is safer than Ukraine.
"Safer"???? With the Federal Reserve???? Just ask the Germans . . .
I doubt they are that dumb after the Germany 7 yr plan, but Ukraine should have had a boating accident in the Black Sea.
Why is this even being discussed? You gold guys think it's the only thing of value, source of conspiracy and guys in black balaclavas, when Ukraine itself is worth far more than the less than 2bn USD that the gold reserves represent.
There is more of value at stake than 2Bn.
Now the fed have some gold they can send to Germany. Problem solved. Next.
42.3 tons x 2000 lbs/ton x 16 oz/lb x $1344 USD/oz (3/11/2014) = $ 1,819,238,400 USD approx.
hy·poth·e·cate (h?-p?th??-k?t?)
tr.v. hy·poth·e·cat·ed, hy·poth·e·cat·ing, hy·poth·e·cates
To pledge (property or a ship) as security or collateral for a debt without transfer of title or possession.
After Wall Street hypothecates and re-hypothecates this gold into derivatives, it should amount to what? $50 Trillion? $75 Trillion? $100 Trillion? Then the gold will simply disappear . . .
Is this why Jamie Dimon was smiling this morning????????
Oops! Sorry, I posted the above comment twice. So, I "edited" and replaced that comment with these 4 jokes as contrition:
John Kerry is SO STUPID that he once got lost in a forest with only one tree.
I am not saying my brother-in-law is a crook. But if you gave him a nickel and asked for change, you would end up 6 cents short!
"You look as young as you did 10 years ago!" What you can truthfully say to a dead person.
“I was waiting in line at the bank when a woman walked up and asked, “Is this the end of the line?” I replied, “No, Madam, this is the front of the line and we are all facing backwards.” (actual event)
And, yes, I wrote them.
I did some research on Estonian gold reserves(or how we lost it). It’s another example how we were liberated from our gold reserves (probably by the west) after gaining the independence from Soviet Union. I also found some interesting information on bolshevik's gold.
Currently we are one of the countries with least gold in the world, with meager 233,9 kg.
The First Estonian Republic was established in 1918. After defeating Russian invasions during War of Independence 1918-1920, on 2nd of February 1920 Tartu Peace treaty was signed, according to which Russia was to give Estonia 15 million gold rubles for war reparations equaling 11 tons 613 kg and 510 grams in pure gold. Considering the size of the country and the population, it’s not an insignificant quantity.
For obvious reasons, it was stored for safekeeping in United Kingdom and in Swedish Kingdom. It proved to be a wise strategy as during WW2, from 1940-1944, Estonia witnessed Soviet Union military invasion and occupation following by German military invasion and occupation, ending again in Soviet occupation in 1944. As Estonia was again a battleground for two major forces during WW2, the country was in ruins and had no military might to withstand another invasion like it did after WW1. Estonia was finally annexed to Soviet Union without a shot fired. Even though Sweden and UK betrayed our trust and gave the gold to Soviet Union, after regaining our Independence in 1991, it was promised to be returned to its legal owners. The gold was given back by UK and Sweden, not by Russia. Was there a special deal that they agreed to give over the gold twice?
Estonia started the money reforms in 1992 and the gold was supposed to be collateral for our new currency, Estonian Krona, but reparation stalled and instead the currency was backed by forests(timber as a resource) which Estonia has plenty, covering 50% of its territory.
So finally when the gold returned home, it had no use in the minds of Estonian politicians and central bankers. Only god knows where they got this idea. 3,9 tons was sold immediately, bought back within few days with higher price, and then sold again with another loss, costing us 12 million Krona’s.
State auditors were denied access to any central bank documents regarding the gold transactions. Later rest of the gold was sold to unknown buyers and there is no further knowledge about these matters.
Btw, bolsheviks had 1,101 million gold rubles after WW1 but because it was taken by force from citizens, aristocrats and from czar et al, exchanges were not accepting it due to the economic sanctions established by Western governments. So Estonia was quite a convenient place to launder bolshevik’s gold as it had already received large quantities with Tartu Peace Treaty repatriations.
Tallinn became one of the main windows for the bolshevik’s imports. For example, in 1920 local bolshevik representative office in Tallinn had more than 6,5 kg of stolen brilliants, sapphires, and other precious stones, while Estonian central bank, along with some commercial banks, was used to launder gold, different previous Russian state rubles, foreign currencies, and other valuables, with the exchange loss up to 40%. It was to buy anything from herring to potatoes, from scythes to gatling guns, though most of it was weaponry and other military equipment.
The commerce was so heavy that it clogged Tallinn harbour and Narva-Petrograd railroad transit capacity couldn’t meet the demand. The high concentration of gold in Tallinn attracted carpetbaggers from all across the world and thus Tallinn earned the name of ‘International Cloaca’.
All the fun came to an end in 1921 when England established temporary free trade agreement with bolshevik’s government.
During 1920-1921 Estonia laundered at least 683,5 million gold rubles which equals 700 metric tons of gold in coins while excluding bullion. Approximately 80 million gold rubles was the commission Estonians earned on this shadow economy which was just shy of earnings on official exports during those 2 years. It also nearly equaled the sum Estonian War of Independence cost us.
And now there's a missing airliner that nobody can find...