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The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed
Following the stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank, a year later the Bundesbank followed up with a just as stunning revelation that of the 84 tons the bank was supposed to bring back home, it had managed to obtain just a paltry 37 tons, with only 5 tons originating from the NY Fed.
The reason given for this disappointing amount 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."
Or, simply said, generic pretexts for a failure to follow through with the Bundesbank's original intention of redomiciling physical gold, especially after Zero Hedge posted in November 2012 proof of collusion between the 1968 Bank of England and the Fed seeking to defraud Deutsche Bank: 'Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..."
The charade ended with a thud in June of this year, when instead of continuing the farce, Germany simply gave up, providing an even more laughable reason why it can no longer even pretend to collect its physical gold located at New York's 9 Liberty Street.
Germany has decided its gold is safe in American hands. “The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”
And that was it: not a single word more from Germany on the topic of its failed gold repatriation initiative. Until this week, when Deutsche Bank - the bank which is Germany's equivalent to America' Goldman Sachs in terms of policy decision-making - once again revealed just what the true reason behind the failure of Germany's attempt to bring its gold back. From Robin Winkler's special report:
... the gold community paid great attention to the decision of the German Bundesbank to “bring German gold home”. At the beginning of 2013, the Bundesbank announced it would repatriate 300 tonnes of gold stored in the US by 2020. It is well behind schedule, citing logistical difficulties. Yet diplomatic difficulties are more likely to be the chief cause of the delay, especially seeing as the Bundesbank has proven its capacity to organise large-scale gold transports. In the early 2000s, the Bundesbank incrementally repatriated 930 tonnes of German gold held by the Bank of England.
Because if anyone knows what really happened behind the scenes in Germany, and inside closed doors at the Bundesbank, it is Deutsche Bank.
And there you have it: it wasn't transportation, or "good delivery standards" concerns, or anything remotely related to Germany "decididng its gold is safe in American hands", but just the opposite: Germany was pressured to keep its gold in the US after a "diplomatic" line of communication was opened, most likely the result of the Fed making it all too clear clear to the Bundesbank not only who runs the show, but what the assured failure to repatriate Germany's gold would mean for "price stability."
Which has, for now at least, ended Germany's gold repatriation demands.
Now the question is, just how will the US pressure the Swiss "diplomatically" to make sure its own gold repatriation referendum does not succeed. Because if Germany failed miserably to obtain 674 tons of gold in 2013, it is assured that Switzerland will find absolutely nothing in its quest to obtain more than double, or 1,500 tons, of gold as a successful November 30 referendum outcome would require.
Then again, considering it was Obama's action that destroyed the Swiss banking sector after the US crushed the centuries-long tradition of "Swiss banking anonymity", this could be just the right action with which "neutral" Switzerland could finally take its revenge on the regime that cost it what was for centuries the primary source of capital inflow into the small and so very prosperous (until then) central-European nation.
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They will need to be remelted [to LGD standard]. And the capacity of smelters are just limited."
What a transparent load of bullcrap. The bars have their weight stamped on them. Take 'em as is, remelt later. Any losses would be small compared to the amount involved. Besides, the bars were probably delivered in that form anyway, so you'd be taking back exactly what you sent.
Utterly mindless the things they expect us to believe.
Ahhhh... the Gov trolls ARE awake! ;-D
I applied for the position of Govt. Troll once but they turned me down. Said I was overqualified.
So now I just freelance. The pay's lousy, but you can't beat the job satisfaction;)
It begins to appear that the BEST gov trolls work for free... saw an article this AM about the ObummerCare trolls who "like" it and promote it... Now, THAT would be a terminally stupid person!
ebar ,the Swiss cannot take back the wrong shaped gold bars as that would require double handling. If the bars got to Switzerland they would need to find a gold refinery to make them the right shape. The Swiss don't have that cabability so the gold needs to wait in NY until we can recast the bars.
(signed) The NY Fed.
Yes that is sarcasm, but 99% of merkins would think it is true.
They'd have to melt and re-cast anyway so they could figure out how much the US FED shorted them. (Like Germany).
"...The bars in the basement of the Fed on the other hand have a previously common form..."
You beat me to it, YHC-FTSE.
Either the 'previously common form' was tungsten-filled bars or the LGD standard is tungsten-filled bars. If the Germans had an ounce of sense, they would never, ever let that gold be melted and re-cast in the US. They've have smelter technology in Germany for the last fifteen hundred years or so.
"...Send the German people back their illegally-shaped bars UNTOUCHED, you God Damn GOLD THEIVES!..."
I would like to see a U.S. referendum demanding the return of German gold untouched, but then I would be nail-gunned.
I believe it was already melted down and recast by the FED since the small shipment that the FED did send to Germany (through the Brits) arrived absent the original shape and minus the German serial numbers on each bar - the numbers that Germany put on them when they shipped them to the US to keep them away from the Russians after WW II.
"A previously common form" probably means coin melt, i.e. the gold confiscated by FDR, and this is only about 90% pure. Therefore, it needed to be remelted and refined to meet LGD standards. The Swiss do most of the world's refining, and what keeps them busy these days isn't the 400 ounce LGD bars but the kilo bars favored in Asia. So, yes, the bars entrusted by Germany to the US are long gone. With enough scrambling around, they can be replaced with gold of equal weight and purity, but the original bars cannot be returned.
US Assay office bars (0.995 fine) are still London Good Delivery (LGD) because they are on the LBMA's list of refiners that are 'former' good delivery. They just don't produce those bars any more. As long as US Assay Office bars are individually weighted and stamped, and have been broken out of their 'Melt' bundle, then they are good delivery. (And as long as they don't have cracks and flaws etc).
The bars that the Bunesbank is referring to are not LGD. They are coin bars of between 0.899 and 0.9167 fineness. They are shit bars made from confiscated melted coins. These bars are from Fort Knox. The US Treasury foisted these coin bars on to foreign banks in 1968 onwards when they ran out of good delivery gold. It just shows how desperate the Fed is right now to only being able to overload a few tonnes of coin bars to the Bundesbank.
I'm not sure who is worse, the lying Fed or the lying bent-over Bundesbank.
Feed 'em both to the woodchipper - let God decide.
Price of equipment to re-cast gold bars ... about $20K. You can purchase everything you need on the web. The only thing left is a supply of natural gas to fire up the furnace.
http://www.ebay.com/itm/like/380598564753?lpid=82
http://goldrefiningsupplies.com/
http://goldmachinery.com/machinery/tunnelkilobar.htm
Now, what was the Feds excuse again?
Dup
Because China is getting 60t a week.
or was that Russia?
both
After all the jokes are done I think that this might be the smartest Question Katchum.
Might be that the chinks are checking the delivered goods.
double post, sorry guys.
Because they are more equal. No, seriously, because the whole gold slump is orchestrated so that China will get all the gold she wants, and the USA and the west got a few years time in return. Some 3000 plus tons of gold for China is worth 3 years of western finance, which I quess to be be some number between 1 and 1000 followed by 12 zeros. And Germany plays along. Why ? Why did they not liquidate a few tons at the FED every week and bought the same amount in the open market. Think about it. If that line of thought is just half right, 300000 per ounce of gold is not out of the question at all. Hart to believe, but it could and maybe will happen.
Germany is under US occupation. China isn't.
I suppose another gold lease or swap is in order then? That should solve the problem.
The German people are led by a pussy.
If that's the message Germany wants delivered.
Mission accomplished!
The U.S. gave China your gold.
Couldn't say that, could we?
So is the Fed.
So now we need a contest on whose pussy is the uggliest.
Did I say pussy, I meant kitty kat.
Soon the Offal Office will have one too.
You and the MSM are not allowed to criticize people who are Exceptional -- exception to the rule. That would not be PC, per our social high priests in Academia and the Media.
Who said the Antichrist has to be a man?
Surprise!!! The world's gold is managed by a bunch of buffoons!
<== Hastily [albeit incrementally] being sewed into kosher garments at rock bottom prices by way of paper price manipulation
<== http://www.youtube.com/watch?v=XQhmNPBMmdY
Thieves
But gold is a barbaric relic? whats all the fuss about?
So who will be counting the votes in Switzerland?
Ziebold
The same people that counted the votes in the Scottish independence referendum. They can be trusted to provide the correct outcome.
I didn't count any votes in the Scottish independence referendum.
Ziegold.
The USA traded all that heavy, bulky gold many years ago for much easier to handle Paper Gold.
Paper gold that has actual gold:
https://www.youtube.com/watch?v=hxFisW35Xgw
The main thing they want is to shut down is ANY formal interest in gold at the national political and/or central bank level for the western developed economies. That could make the little people start to wonder whether it is important or not.
Just as plausible/possible, Germany could have negotiated to pooh pooh the original request (as reported above) and received the gold anyway; just not acknowledging it publically.
One can't believe anything put out by governments today and particularly if it is related to fiat and PMs.
I'll show you mine, if you show me yours.
Worked every time when I was 6 years old.
If there is no gold, there is nothing to get. What to do ?
GOT GOLD ?? ....... Nope !!
Hey Buba muppets, it's your gold but you are not allowed to touch it.
Gold? What gold, we have your mold!
Good point. It appears the gold was stored incorrectly, the roof leaked, and now it's all moldy.
Sorry about that.
Germans know all that gold was sold off to save the world in the 1970s-1990s to boost the dollars demand globaly. It also broke the USSR, they couldnt understand where all the US spending power was comeing from. So for Germany to want that gold back is really not being honest and they should really just say so.
Germany will not need that gold unless they want to join Russia and China in creating a new gold pool for currency exchange.
At some point the fractional reserve accounting for gold will be exposed. There is no QE for Gold, so what happens after is a matter of speculation. I would not be surprised if gold becomes a "controlled" substance making it difficult from profiting from the holding of bullion.
What do you think is happening now. Gold markets (haha) are controlled and it is very difficult to profit from holding bullion.
The real reason the same reason Japan is going to devote 1.2 T from their government pension fund to US treasuries because they are still both our bitchez after WWII.
http://www.silverdoctors.com/jim-willie-fed-launches-stealth-qe4-through...
They are not your bitch. They are the bitch to our masters, just as we are.
Hey, are you the same schadenfreude that commented a lot on The Economist comment section in 2010 ?
You're the only one admitting to having a master here.
Wake up - the modern era is digital, not physical. Gold is irrelevant, does not matter how much there is not or where it is not. In the crises and conflicts to come, including economic & monetary, what will matter is economic & military power, not tons of shiny lead REburied deep underground.
*Facepalm*
socialismiscancer
You forgot the sarc tag.
Long digital oil! Serioulsy though, if you want to say that silver, gold and a few other precious metals have zero value since they arnet digital, you owuld need to say the same about oil, gas, and solar power. Try running your car on digital gasoline and get back with me.
People escaping wars, torture, destruction , etc in their country have been able to ‘sneak out’ usually b/c they know someone higher, important ... or … they bribed border guards with gold. Take for example Cambodians from Pol Pot … Jews from Hitler … and so on.
Try handing the border guards a “piece of paper” instead of the physical gold coin/bar; see if they let you cross the border.
One fellow I work with is Cambodian and he can tell some scary stories about these things. People should learn from hisotry and be wiser. Often times, they don't and they are not.
I may be poorish, but Im not stupid. Ive been stacking modest amounts of silver for some time now. Some small amounts of gold, but nothing to rag about. I like silver, got bags of junk silver dimes and some ounces. It amazes me how accustomed people have become to the luxury of electricity. Digital is just that, electricity and unless you make your own electricity by means that you yourself have created, digital anything aint shit. It just dosent exist.
"Gold is irrelevant,"
Digital currency. Backed by nothing.
"J P Morgan here. Sorry, Gold is Money- and nothing else."
Yes, currency is digital, overwhelmingly, backed by economic & military power - in this era gold is a sinkhole for otherwise useful currency.
The ONLY way that gold & silver supercede fiat currencies is if the governments, economies & militaries backing the fiat currencies all collapse - ain't happen for a looooooooong time.
Well. It is good to know everything is different this time.
As I stated, precious metals can become the defacto base currencies ONLY ONLY ONLY after the fiat currency REGIMES, ie economies & militaries collapse - are you predicting a date for that event ????????????????????
If not, then the central banks, under their own mandates AND compelled by the politicans will do everything they can to suppress the market value in, and competition to, fiat currencies by precious metals, AS THEY HAVE BEEN DOING VERY WELL FOR YEARS NOW, AND WILL CONTINUE TO DO SO.
Precious metals are a good investment ONLY ONLY ONLY if you exchange fiat currency for them JUST BEFORE the fiat currency crashes because the supporting economy & military crash - until that point, precious metals are a TERRIBLE investment, just dead money at best.
Since you cannot know the exact date I suggest that you get some of that DEAD MONEY before it happens.
It is not a question of if it will collapse. It is a question of WHEN it will collapse.
And there are just too many indicators are suggesting that the collapse will happen soon. Just because the Central Banksters have been successful does not mean that they will continue to be successful. ALL ORGANIZATIONS, just like living organisms, DIE.
Central Banks are not the epitome of PERMANENCE. That which cannot be sustained will not be sustained. That is rather tautalogicl as an argument and, becasue it is, then it is truth. If 'A' then 'A'.
And if your Gold outlives you, and the collapse does not happen in your lifetime, then that is also okay. (Hell it was here before I came and it will be here after I take that ride on the Sunset Limited.)
What is so funny about your argument is that exposes that you are a narcissist and that you believe that it is about you and about what you do now. It includes no thought whatsoever for your offspring.
Gold can be passed along to your survivors as it remains the only true GENERATIONAL WEALTH.
The USA is DECLINING RAPIDLY and is DYING as a Nation. It will outlive the Japanese Government. But Japan is also toast.
The USA is collapsing Exponentially as all Deaths happen and follow that decline profile. It is NATURAL, EMPIRICAL, and MEASURABLE. Just like a Cancer Patient we may not be able to tell you the exact, precise time of Death, we know that Death is imminent.
The Monetary System of the USA is CANCEROUS. The Cancer is eating us up from the inside out and entire sectors of our Economy have been hollowed out. Manufacturing is dead. Factories have been offshored. Unemployment, as a result, has ballooned.
You can deny this death if you choose but that will not change the outcome.
With the death of the USA is the repudiation of all Debts. The USA's Currency is a DEBTOR'S NOTE. It is a promise to deliver Goods and Services yet to be created...if ever...for that NOTE received now.
There is no way that we can create $100 Trillion (US DEBT including unfunded liabilities( of Goods and Sevices) before the Debt becomes due. It is physically impossible.
It currently takes 7 Years, if you buy the Bogus GDP Numbers, to generate $100 Trillion of Production. ALL OF THAT would have to be applied to paying the bills. (That means that I hope that you have Seven Years of Food stored as all of your income would be targeted to that payment of liabilities....That means EVERYTHING THAT YOU EARN...EVERYTHING. Can you see how ludicrous that is?)
It is over. We are now awaiting the closing act. Get your popcorn. It will be interesting.
And do not be foolish. Get some Gold. You will lose it all if you do not have that.
When the crash of 2008 came, I sold out of all Wall Street assets and purchased businesses that operate in essentials, eg organic produce farms, automobile maintenance, home maintenance, and elderly care. My money/investments produce income vs sit in vaults that I have to pay storage fees on.
The BIG CORE FALLACY of the precious metals fanatics is that the monetary/financial/economic system will crash so hard that the dollar will lose its status as the primary currency and that precious metals will take over and preserve value. TWO BIG problems with that fallacy.
1. The monetary/financial/economic/political/social system is in fact hopelessly degenerate and corrupt, but it will not collapse for many decades - instead it will decline slowly into mediocrity, as most regimes have in history.
2. If the dollar did collapse and precious metals replaced it, when you precious metals fanatics need essentials, eg food or to get your cars serviced or your homes repaired, come to one of my businesses to get what you want, I and the others like me who own the essential businesses, will charge you LARGE amounts of precious metals, so the value of your savings will not be preserved. Study history: in all of the gold rushes, when prospectors were just picking gold out of the ground, the people who consistently got wealthy were the merchants and storekeepers, NOT the guys with the precious metals.
Sure pal. Thats why gold, silver and platinum were the first things stolen from Afghanistan, Iraq, Libya and Ukraine after invading them.
Hell, they loaded the metal up way before they grabbed any other resource from those places. Metal first, everything else is loot.
Gold & silver have market value in fiat currencies, so they are worth stealing. I did not say that they have NO value. But they are not the Saviour Metals that the precious metals lunatics fantasize them to be.
Wrong again. Metal value is based on the quantity you have in pocession, thats where the value is. Fiat is valued against metals. Or to put it even more simply. If i cut an ounce of gold in half, it loses no value, if I melt and ounce of gold, it loses no value, its value is based in weight. Fiat is based in magic, if I cut a 100$ bill in half I dont have two $50 pieces of paper, it has lost value because its based on magic, trickery of the mind. I cannot melt a $110 bill, it will burn to carbon and be worthless, again. A fiat bill is theorectical wealth. The fiat can only retain value if there is commodities attached to it. Its magic, trickery, a scam, a design of thievery so obvious even Jesus could figure it out.
You talk about long obsolete concepts which are never coming back unless all the fiat countries crash hard and humans revert to barter. These theoretical arguments are nothing more than amusing mind games - the politicians, central banks, and supreme courts rule absolutely, they want fiat currencies so that they can spend without limits, and they will do everything in their power to suppress precious metals, and if they have to, they WILL CONFISCATE all the precious metals, as they have done before.
Investing now in precious metals because you think that the fiat currencies are about to crash and your precious metals will presevre your "savings" is just silly folly. The current regime of global fiat currencies can continue operating for many decades, during which time your precious metals "investment" is dead money.
They will pull the plug from the internet if need be. Then good luck to you with your digital 1s and 0s "wealth".
That would shut down the economy, so they would never do it.
BUT THEY CAN AND WOULD CONFISCATE YOUR PRECIOUS METALS, OR FORCE ITS VALUE DOWN IN FIAT - **** AS THEY HAVE DONE BEFORE ***
You cannot fight & beat the politicians with precious metals, unless you are firing bullets made out of them, but lead is very much less expensive & more efficient for this purpose.
Bottom line: as long as politicians are in power, they will control and limit your power, including monetary.
Just kind of an info-bit here... testing the Lone Ranger's fabled accuracy with his silver bullet thing turned up a surprise. Silver bullets are really INACURATE because what makes a bullet accurate is the spin put on the projectile by the rifling (grooves) in the gun barrel. Silver turns out to be too hard to be affected by the grooves, so it's just like an old musket ball fired from a smooth bore rifle. ie shoot a silver bullet at a bad guy, not only miss his gun hand, but miss the bad guy and hit a kid or a woman standing on the sidewlak. BAD Lone Ranger! BAD!
Moral - don't make bullets out of your "precious." (No... wait. "Precious" was gold... you can make bullets out of gold if you want and they would be as accurate as lead bullets.)
A silver-tin alloy might well do the trick. Bullet, hat, and all...
Germany would be better off selling the NY gold and buying on the open market while they still can.
+N. Exact.
The same applies to the Swiss.
They buyers might request physical delivery and then the lenders have a problem. No way!
Unless the buyer is the bullion bank that borrowed the gold from the NY Fed/Germany in the first place... at a much higher price. Win Win
Buy what gold?
Digits in an unallocated gold account
If you can't stand over it you don't own it. If you aren't willing to fight for it you won't keep it.
Clearly the public education system fails to teach these basics of Human Nature and Human Laws.
That's not by accident.
They didn't repatriate any gold because there is no gold to repatriate.
As such, the NY Fed would have had to buy the gold on the open market, which would have led to a rise in the price of gold, which would have crushed Deutsche Bank short positions.
So, a "diplomatic" line was opened, and they had a little "talk" with the right people. Because, we can't have the NY Fed and Deutsche Bank actually LOSE money at the same time. No loss is ever allowed for our friends, you see.
Otherwise, that would prove that they are just pigs feeding at the trough.
They don't have the gold because the Elite ate it .
See
http://andreswhy.blogspot.com/2009/02/gold-licks.html
See also http://www.zerohedge.com/news/2014-11-13/silver-versus-ebola-medical-rev...
where silver plays an equivalent role .
See http://andreswhy.blogspot.com/2010/12/wrist-watch-straps-and-disease.htm...
THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING
http://investmentwatchblog.com/the-money-in-your-bank-account-was-stolen-this-morning/
You never had money in your bank account.
HTH.
You can see why these numbers seem unlikely to add up to a happy ending - from our perspective.
I’m afraid we must respectfully decline your request, but we thank you for paying us the honor of your visit.
~Iron Bank
Look at this from the Chinese point of view.
China knows the U.S. sold Germany's gold to them.
China would execute anyone who did that to them.
It was a bad move showing China your true colors.
How can you trust the U.S. when they treat their weaker allies like scum?
Answer is, you cannot trust the souless U.S. government.
The US can help Switzerland by shipping in their Diebold Voting machines.
They ship in days not years, and there you have it, the NO vote wins.
Nothing to see here move on.
NO one, and I mean no ONE is ever ever going to get thier gold back from the feds
Unless China allows it to be released.
more details please Chuck ?
I Thought China was discreetly buying gold and will never ever ever sale gold(at least not until the Fiat system is replaced)
I wouldn't call their purchases discrete.
The Chinese know US/UK/Venetian strategy is to attack their religion and culture.
The West did it with force through Mao, and now with pure hedonism.
The Chinese strategy against the U.S. is simple.
If the U.S. is willing to give us the shirt off its back, take it.
Take it all until they have nothing.
The elites in the West don't view it as giving China anything.
We are all one big happy NWO family. We all own it.
This tells me that the Chinese haven't signed on the NWO fantasy.
If China does release gold, then we all have a problem.
I don't think China is going to surrender itself to a NWO fantasy.
I wouldn't trust Rockefeller to babysit children.
When Countires ship their gold to the US, it was meant for reform, opening up and removing US economic sanctions.”
This underlines the dirty game the US is playing. It demands countries to store a part of their official gold reserves at the New York Federal Reserve so ultimately only the US controls the global currency market and China Understood that
Gold leasing is an important innovation in the gold settlement system. Through continuous gold leasing the gold in the market can be circulated and produce derivatives, creating more and more paper gold. This is very significant for the United States. Gold leasing is a major tool for the Federal Reserve and other central banks in the West to secretly control and regulate the gold market, creating gold credit derivatives and global credit conflict.
…The purpose of gold leasing is not just to receive a rent, but it also provides the ability to short-sell gold, which allows central banks to interfere in the currency market.
…If the Fed’s large gold reserves are used in gold leasing, there will be a serious problem. Germany therefore will threaten the Fed’s dominant position by demanding their gold back; the Fed subsequently needs to withdraw the leased gold and thus could destabilize the market. This is a new credit game of international capital.
The PBOC operates on a ‘pool’ concept, which also needs gold. Considering the global credit game, it is highly necessary for China to develop her own gold reserves and must do so with a better strategy than Germany.
You're making an assumption that Germany signed on to this policy.
They did not.
That makes it theft.
Ukraine's gold theft was just a swap too?
An understanding for the greater good?
LOL! You are a funny guy.
You have no idea what i just said do you now?
who the fuck is talking about a swap bozo
much much much to learn
This is not a game.
You have much to learn.
Life isn't akin to playing Grand Theft Auto in your mother's basement all day.
Life is exactly like Grand Theft Auto, its just that most peopel are privy to such fuckery. Most banksters live exactly like some of the characters in GTA V. Seriously, it may be just a game, but its also a critique on the modern human condition. Its in your face cynical out takes of American culture is spot on. Its pretty incredible that so many people gloss over this fact. Anyway...
Chuck Knoblauch, Who are the 'Venetians' in your UK/US/Venetian axis?
Just interested. Are you talking about the old Venetian families? Any public proof they still exist as powerful players?
I didn't want to insult the Vatican on Sunday.
If it sounds like I'm accusing the NWO of having a communist agenda (at least for the serfs), you'd be correct.
And yet we can end all of the games forever simply by converting the trillions of ponzi financial assets (float scams line AMZN and NFLX) into physical gold. Best if all, we can use their "working physical" (the GLD) that they use for slamdowns against them. The entire GLD is worth a small fraction of just AMZN (the most destructive if the financial asset ponzis to the real economy as its uneconomical predatory business practices knock out retailers held to the standard of profitability) and NFLX (the most egregious example of financialization, with synthetic finance profit streams from option manipulation an order of magnitude greater than company profits). Liquidate the bubbles they created and dedicate a modest fraction to GLD. If everyone does it, then they naked short fraud will be impossible to hide... All that is required is for people to send real market signals with their purchasing and investment decisions (all my future accounts and significant deposits will go in local/regional banks as I drain deposits from TBTJ institutions that have abused them to engage in glorified theft from the rest of us).
GERMANY NEVER HALTED ITS REPATRIATION PROGRAM. IT WAS A HOAX FROM BLOOMBERG.
https://www.bullionstar.com/blog/koos-jansen/german-gold-repatriation-ac...
Very interesting article. For the German people's sake I hope this is correct.
They showed Mutti the paper receipts for the gold and she breathed a sigh of relief.
A few years back I read a story of a group of islanders who used a particular kind of stone for money. A prominent family on the island arranged for such a stone to be shipped from a neighboring isand. In route the stone, such was its mammoth proportions, caused the boat to flounder and the stone was lost at sea. Interestingly the stone was still considered to be owned by said family, and the family as a consequence was considered the richest on the island.
Gold is a substance that seldom sees the light of day who knows where it is really stored or who truly has physical possesion. How much, rumored to have traveled East, has ended up in private vaults? How many tons need a man have to consider himself a kingdom. Perhaps this has been the endgame all along, and at some point, in the near future, the worlds new rulers will emerge with their hidden hordes.
Just a thought.
Sorry for any typos... hate iPads, as I have often written, but onmy way out to take the dogs for a hike and do not have time to proof read.
That's why currency needs to contain real gold.
That island is Yap in the Federated States of Micronesia and probably the only state in the FSM with a balanced budget. They seem to understand what money is unlile most Pacific Island nations who think it's like a fruit and grows on the bank tree and all you have to do is go in there and get some. Pay it back with interest? What the hell is that?
It is likely that the FED is the cornerstone of fractional gold-dealing just as it is the cornerstone of fractional banking.
The gold that has been entrusted to the FED has in fact been "loaned" to third parties for transactional and speculative purposes. These third parties have in turn done the same to "fourth parties", who have in turn....etc.
The FED may have contractually obligated itself to terms which restrict the amount of gold it can recall, and the span of time in which it can demand return of the gold (or at least the access to gold, should it remain physically within the FED's own vaults). It is doubtful that the FED actually SOLD gold owned by another entity, as this would be illegal and unethical.
It is against the interests of the FED to trigger a collapse of the gold markets. Therefore it won't call in the gold it has loaned before the terms of that loan have been satisfied. Even then, the FED wouldn't want gold to fall into a liquidity trap, which recalling gold from traders -and therefore from circulation- would trigger.
It is against the interests of proponents of the New World order to give up the gold which has been entrusted to the FED. For it is he who owns the gold that makes the laws, and why Europe tows the line for the United States.
All in all, those countries whose gold reserves are being held hostage in America must repatriate it through gold swaps: Buy gold in the open markets and pay for it with a transfer of title to a commensurate amount of gold held by the FED to the seller, on the condition of physical delivery of the gold purchased this way to the central bank vaults of the purchasing country.
If this can be done, then the "notional" value of gold will boom, as long as there is gold which can be physically delivered; and the price of gold will collapse if ever physical gold cannot be delivered. The FED will have to accept transfer of title. Somehow the seller has to come up with the physical gold. If the seller cannot, there will be no deal. No deal means no market. Eventually, hypothecation and re-hypothecation of gold reserves will dry up.
Gold is the worlds real reserve currency and always has been. Off the gold standard is an oxymorphed on. All fiat floating debt based currencies are tied to gold and how much the paper fiat debt gone wild stuff will buy. In terms of dollars it doesn't buy much gold anymore; neither will it in the future as the whole damn world is flooded with dollars all smart nations are sending back in treasury redemption's and buying no more. The fed fud is buying 90% of all the US new debt issued. Prove it: It will be self evident when the U.S. citizen is left holding the bag of debt gone wild in worthless paper. There is no substance to debt being wealth; it's an illusion which will vaporize overnight. It will come as a thief in the night. It's the global checkmate upon governments in bed with banksters. Last act of a corrupt government is to raid the treasury. It's empty folks and the US in insolvent. Once the fed fuds pull the plug on debt issuance, those without real money GOLD in or having the crown prince of gold in hand, the peoples money; SILVER, we the people die a horrible financial death. Once the AmeriCON'd public wakes to this it will be far to late and all the real money gold and silver will be in the strongest hands as planned by world government power brokers. There's not been a floating paper currency backed by nothing but gas baggin hot air promises by lying politicians ever to survive. Always, paper currency reverts to it's intrinsic value of zero. What will you be using for money when the fiat debt based currencies of the world hit the pavement at zero. Fast as it all is moving now, you will not be holding gold and silver in hand, if you have not used rapidly devaluing world paper debt based fiat currencies to buy real money gold and silver. You don't believe it? Then I bid you a financially everlasting secure future good-bye.
Robert Fitzwilson says it better. Likely why Bill Holter of Milesfranklin called the bottom with his commentary last week of 15 dollar silver and you can't have any. Maybe some will get some physical before it's all out of reach for US citizens at these low prices but not for long. Always have felt when all the real money was bought up and the bullion banksters were sweeping of the dust from echoing empty bullion vaults, from strong handed buyers ransacking the real money, we'd get our self evident revelation about the real value of possessing US Mint grade bullion coins physically in our hands. 100% possession being the law among the lawless bankstering fed fuds in bed with our gov goon platoon to rape, pillage, and plunder every last penny of the ameriCON'd people. If we the people who may have not seen what the rat bastards were planning in having all citizens ending up with the bag holding of worthless debt or bonzi's, perhaps some may yet get their hands on some real money before the end of the year or some overnight financial iron curtain slamming shut on the public as fdr on apr 6 1933! Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation..................................................................then of course your dollar was devalued overnight by 40%. lil scamBO our demoncrappy pres likes fdr and likely his overnight surprises. I'd be ready for that. Only one case was ever prosecuted for a citizen not turning in their gold or silver for that matter. I suppose why so many hoards can still be found today as they were buried rather than have the criminal government steal it as the bank deposits of the depression. Oh there will be a rhyme to such historic criminal activity too soon for most to react.
Fitzwilsons commentary: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/17_O...
By Robert Fitzwilson of The Portola Group
November 17 (King World News) - One Of The Most Spectacular Turns In History Is Taking Place
While much has been made about the recent strength in the dollar, the Dollar/Euro relationship has been in an extremely tight range for ten years. Given the design of the Dollar Index, it should not be surprising. The Index is billed as a comparison against a basket of currencies, but that basket is certainly lumpy and heavily biased. The Euro represents about 58% of the Index, and the Yen about 14%.
Given the surprise announcement by the Japanese to embark upon a massive program of money printing and quantitative easing, and the subsequent plunge in the Yen, it is not surprising that the Index would have acted as it has in the weeks following that announcement....
Continue reading the Robert Fitzwilson piece below...
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The uneven percentage allocations in the Index were probably adopted to reflect trading patterns for goods and services at the time. However, this was before China became such an enormous factor in world trade, so the relevancy of the allocations has to be suspect. Also, just as the quantity of fiat currencies separated long ago from any reasonable relationship to global GDP, the choosing of currency weightings in the Index by trading patterns is also probably a relic of another time. We have described the Index as a “sock puppet” used to distract people from the enormous debasing of all fiat currencies. The volatility in the currency markets as well as oil does answer the demand from Wall Street for more volatility from which they can profit. However, it is an indication of a disease, not a cure.
We also note that the Swiss are rapidly approaching the vote on the policies to be followed by their central bank. It is hard for most to imagine that there once was a time when the Swiss Franc, the German Deutsche Mark and the Japanese Yen were “hard” currencies. During the ‘70s, gold and silver were hedges against a dodgy Dollar, but a dollar-hedged portfolio was a blend of the metals and these hard currencies. It was also not about who had the highest interest rates. The Swiss actually charged a negative rate to customers wanting to have deposits in those days.
It is unfortunate that the attractiveness of the currencies has been transformed into a relative valuation in the last 40 years. The so-called “cleanest” and “dirtiest” shirts in the laundry phrase. The Dollar is not attractive in an absolute sense, but it does relative to a suicidal money printing program in Japan and a Europe and Euro that look increasingly at risk.
What made the Franc, Mark and Yen hard currencies was a reputation for prudence, hard work, innovation and quality. These were the factors that created reputations for sound currencies, not the manipulations of the central planners. The Swiss should not be afraid of returning to their roots that served them well throughout history. People will always demand high quality goods, and there is also the time-tested formula of reducing costs through further innovative ideas, something that the Swiss have always exemplified.
Regardless of whether or not the central planners or the Swiss Central Bank have more tricks up their sleeves to negate the effects of the referendum, it is an important first step for the world to come back from what will be an economic abyss for the Swiss to vote “Yes.” If the vote is “No,” another firewall to preventing a very bleak future will be taken down increasing the risk for everyone. Not even the Swiss will be immune if the current path cannot be reversed.
Gold, silver and the miners staged an impressive reversal on Friday. Normally, that would be a very positive sign, and we hope that is the case. Demand for the metals continues to go through the roof. The U.S. Mint was sold out of Silver Eagles. India’s demand for officially imported gold has risen dramatically. Russia announced another significant purchase on the order of 55 tons.
Countries representing the bulk of the inhabitants of the planet continue to exhibit an insatiable demand for the metals through direct as well as government purchases. If there is to be a sustainable reversal, it will have to come from a continuation of this accumulation. It has been a rough ride for precious metals investors for more than 3 years, but a historic turn in these markets may finally be at hand. A “Yes” vote by the Swiss will certainly add to that likelihood, but it may not even be necessary to cement this historic turn. If that is the case, right now we may be seeing the final opportunity for investors to buy physical gold and silver and the mining shares at these artificially suppressed and extremely discounted prices.
UPDATE - KWN has now released the two extraordinary audio interviews with David Stockman and Gerald Celente and you can listen to them by CLICKING HERE.
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IMPORTANT - KWN has many more interviews being released today.
The audio interviews with Gerald Celente, David Stockman, William Kaye, Dr. Paul Craig Roberts, Andrew Maguire, Eric Sprott, Bill Fleckenstein, Rick Santelli, Michael Pento, John Mauldin, Egon von Greyerz, and Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE.
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When are the German people going to demand their gold, or are the going to keep being the whipping boys of the Fed?
(AP)
"Three members of the Fed were shot last night by long-range nail gun in a drive by shooting in NYC. The shooters escaped in a dark Mercedes-Benz."
Its been a long time since i have hit the up arrow this much.
What is Nazi gold?
Any gold that the Jews can convince the mainstream media was stolen from them.
Really? So the Nazi's in your view stole very little then, and the Final Solution is just a story the Jews made up after the war....got it.
No, the Final Solution was real but it referred to the expulsion of all Jews from the greater Reich. This becomes apparent from even a short analysis of the source material. But then in Europe and Canada such an examination can land you in jail. Wonder why?
Hold on here - The Jews "store"" gold for the Goyim. It's not theirs to start with. But then again Talmudic law states that possession is 9/10 of the law.
It is more likely that recent conversations and comments from Putin at the G20 summit is making Germany feel extra nervous.
If they would have said they were remelting to insure it was not a tungsten center, it would have been more plausible.
It's this kind of corruption that permits parties like the Nazi's to come to power.
Acht du Lieber! Sodomie die Deutschen , ein zu einer Zeit . Das muss weh tun!
"Germany has decided its gold is safe in American hands. “The Americans are taking good care of our gold,”
That's hilarious.
An American, not US subject.
Looks like the Grifters are banking on the Swiss Gold Vote passing on November 30 which means the German charade has to be put on the back burner so some gold can be made available on the 'market' when the terms of the Swiss referendum kick in:
http://www.wallstreetdaily.com/2014/10/19/swiss-gold-vote-merk/
Effects of a Swiss Gold ReferendumThe ballot includes three key provisions:
Between 1999 and 2003, the Swiss central bank sold about 50% of its gold reserves. And, like the Bank of England, it sold at a rock bottom price of around $200 an ounce.
Currently, the country holds only 1,040 metric tons of gold in reserve or 7.7% of the central bank’s assets.
If the Swiss vote yes on the referendum, it’ll have an incredibly widespread effect.
For one, Switzerland will be the first developed country this century to restrict the central bank and other policymakers’ ability to print money and expand government.
However, it’s the gold market that will feel the main tremors.
Despite its loathing to do so, the Swiss National Bank will be forced to go into the physical gold market and purchase bullion.
UBS analysts predict that the Swiss National Bank will have to buy about 1,500 metric tons of gold over that three-year period.
That is no small amount.
Ole Hansen, head commodity strategist at Saxo Bank, said, “That kind of gold buying would put what we’ve seen recently in China to shame.”
500 tons/yr. Wow.
Long "Gold for Cash" ads coming back.
"Got a Structured Settlement? Call JG Wentworth. It's your money. You deserve to have it NOW."
"Premier Xi, there is a collect call from Switzerland."
"Tell them I'm not in. Give them Vlad's number."
Did u check the famous .... read between the lines? Gold in paper or loco Zürich or Bern? Did u check that?
Got it. The article had a nice thumbnail description for the referendum so that's why I linked to it.
I thought it was curious and entertaining that even in the teeth of the obvious physical purchase logic that they would slip in an advert for an ETF using physical gold as cover. My opinion on the timing and logic of events is speculative but I am confident that their trojan horse grift is
r e l e n t l e s s
lol
Sure you can have your gold back. We'll just delete you from the list of countries eligible for under-the-table Fed QE funds and we'll ship it right off.
What's that? Nevermind? Okay, you're sure? Cause we can box it right up. The FedEx guy is standing right next to me. Well, okay, as long as you're sure you don't want it back.
There is probably some truth to what you say.........a lot.
It was warm in Tel Aviv, Sol's fisrt day as a special gold agent guarding the secret vault under the Knesset.
"This...This is so much gold, there must be acres of it!"
"Yes, 200 acres, all underground," said Abe, his supervisor.
"But, the bars. The stamps... from every country in the world. OMG, look: NAZI stamped bars!"
"We have them ALL, Sol. Guard them with your life!"
"Yessir!"
The chinks or japs are plentyful of USD, they will open up a swap line for paper USD.
When French President Charles de Gaulle repatriated the French gold in the 70's, he sent a armed-to-the-teeth battleship to the USA and demanded the gold to be immediately handed back. The Americans complied.
Germany and Switzerland should do well to remember the story - mainly Germany, if it wasn't bought lock, stock and barrel and if it had any semblance of cojones.
A litte must-see video of this true great European politician (we have no more of those in Europe) explaining in 1965 that gold is the only real viable worldwide currency. Getting truer by the day...
http://www.globalresearch.ca/charles-de-gaulle-gold-and-us-dollar/5386855
Chuck: "France has no Friends, only Interests."
De Gaulle advisor, Jacques Rueff helped set the scene for this repatriation. See his book "The Age of Inflation" [pdf].
Thanks for mentioning, looks interesting. Will read.
Uhoh the Jewsies robbed the Germans again. Looks like they need Hitler again, but not to incinerate Jewish civilians (to the much lesser extent it really happened) but to start a zionist cleanup campaign starting with city of london, neocons in usa, wall street firms and such. The Germans were no more monsters than the Americans were in WWII. If Nuremberg was not a kangaroo court to whitewash the winners Truman would easily have been hung as a war criminal who might have been worse then Hitler.
http://www.ditext.com/japan/napalm.html
http://www.theoccidentalobserver.net/2013/07/maurice-bardeches-vision-of...
Maybe Ike was the worst criminal of all? http://irishsavant.blogspot.ie/2014/11/was-this-man-greatest-war-crimina...
and the Fed seeking to defraud Deutsche Bank:
What does this gold have to do with Deutsche Bank ?
there’s absolutely no reason for mistrust
Famous last words
The gold is not safe, in-fact its probably not even there.
Our system has been taken over by corrupt fraudulent banking institutions.... in all likelihood they have stolen the gold and auctioned it off leveraged 10000 to 1.
Its just the sad state of the truth at this point....
The criminals have completely taken over.
The nutjobs are running the asylum.
Totally agree with the above.
Please, could somebody tell me why tiny Switzerland shouldn't be able to get delivery on its gold purchases when tons of gold do transit through same tiny Switzerland in order to be melted into standard 1 kg ingots before being shipped to China ? This is the evidence that deliveries are possible indeed, and do take place!
Since this enormous transit of gold takes place in the physical world -as opposed to book entries e.g.-, I'd like to know why the principle of repatriation becomes suddenly so complicated in the case of Germany ? What would have been more complicated to repatriate Germany's gold compared to the transit <country X - Switzerland - China> ?
BS.
Let me explain why the Swiss will not get their gold.
#1. Decisions are made by the folks who count the votes, not who cast them.
#2. The gold is long since gone.
(AP-Berne)
"Drive-by shootings of Swiss Banksters are on the increase following the failure of the Swiss govt to reclaim its gold."
"The perpetrators are using a special long-range nail gun," said Inspector Hans Frank of the Swiss Police. "There is no way to trace these nail guns as there would be bullets."
<<#1. Decisions are made by the folks who count the votes, not who cast them.>>
Apart a few cantons (I only know of one, in fact) which use e-voting, all votes are physically counted by citizens, locally. This should prevent the risk of "centralized cheating".
<<#2. The gold is long since gone.>>
Reason for which I agreed with the article :-) And the only way to bypass this problem is the sell the undelivered position and buy physical with the proceed. And the fun would start.
The US Fed fractionally reserved the gold like everything else it has. Making money off the gold it doesn't have.
Just like the debt on it's books has over $4 trillion. The Fed has a lot more off the books.
Ponzi accounting.
Funny that Greenspan now if coming clean and says gold is good.
So. They saw Germany's gold. Right? In the Fed's vaults. Allocated exclusively to Germany? Did they fuck.
Lol. You can have your gold back any time you want. As long as you never actually ask for it. It's gone man. Long gone.
I'm stepping up my gold purchases now. :)
I really think they have the gold. Containing the gold has much more power than selling it for fiat that you can simply print.
Not if the bullion wound up in Rothschild club member hands as insurance against their ponzi currency crashing or if it was shipped east to defend the ponzi currency from crashing, or both.
Either way it's all thumbs in the dike.