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The Real Reason Why The Netherlands Repatriated Its Gold
In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam. Officially a move made to rebalance the locations where the gold is being stored, one cannot ignore the fact that the Netherlands only repatriated a large part of the gold which was stored in New York and it did not touch the gold stored in Canada and London.
Additionally, it’s not just ‘some’ gold being brought back home, no, the total amount is 122.47 tonnes or almost 4 million ounces with a market value of $5B. This will reduce the exposure of the Dutch Central Bank to the US financial system as now just 31% of its gold is being stored in the vault of the Fed, coming down from 51%. We have the impression this won’t be the last repatriation as the Dutch Central Bank is keeping its shipping route secret ‘in case more gold needs to be repatriated’.
So what was the main reason why the Netherlands brought the shiny precious metal back home? The central bank wants you to believe it’s just an ordinary decision, but believe it or not, the only reason for this move was to restore the confidence of the public in the Central Bank. By publishing this statement, the Dutch Central Bank basically admits that holding gold increases the public trust in the central bank as an institution, and that’s an statement which should not and cannot be underestimated as it basically means that only physical gold can be trusted and that the gold should be stored inside the country. ‘He who owns the gold makes the rules’ once again seems to be up-and-coming again.
The best place to store your gold is obviously in your own back yard, and it looks like the Netherlands aren’t agreeing with the Germans which also wanted to repatriate most of its gold which was stored in the vaults of the Federal Reserve. However, after bringing just a fraction of its gold back to Berlin, Germany publicly stated it would not repatriate any more gold as it ‘fully trusts the Federal Reserve as an institution’ and ‘the Americans are taking good care of their gold’. That’s obviously a bogus reason as the Fed obviously wasn’t suddenly taking better care of the gold than a year before. It’s also interesting to notice that the Netherlands and Germany used a different approach. Whilst Germany was boasting about its attempt to repatriate the gold, the Netherlands chose the ‘stealth’ way and repatriated it first before announcing it.
President Knot of the Dutch Central Bank with 'his' gold.
This strategy isn’t surprising as the Dutch always have been quite savvy. Keep in mind it was one of the most powerful nations right after the middle ages when the VOC really ruled the world shipping five times more goods to and from Asia than its main competitor in Great Britain. This savvy business mind is still in place and we wouldn’t be surprised if the Netherlands would be the frontrunner in a worldwide move to repatriate gold.
Keeping the German repatriation story in mind, the Netherlands are basically giving the Federal Reserve the finger. Unlike Germany, it does not trust the Federal Reserve more than its own central bank and it prefers to ‘sit’ on the gold in Amsterdam rather than store it in a foreign nation. This is a huge policy shift which cannot be underestimated, especially not if you look at all pieces of the puzzle.
As you know, China is still buying gold like crazy and was recently joined by Russia which has bought more gold every month since the beginning of this year. People were fast to dismiss this increased interest in gold as those were ‘special’ countries. Well, that argument is no longer valid. Germany wanted to repatriate its gold last year (but came under pressure to drop its plan), the Netherlands have now successfully repatriated almost 4 million ounces of gold, and there’s a Swiss referendum which asks the opinion of its citizens to increase the gold holdings once again. It’s unlikely the Swiss will approve this proposal as the latest polls show 38% in favor and 47% against the proposal with approximately 15% undecided voters.
The main takeaway here is not that 47% of the people are against increasing the gold reserves, but that 38% is strongly in favor of backing the Swiss Franc with Gold and an additional 15% might consider it. We are sure that a better explanation of the proposal would reduce the amount of opponents. Additionally, a lot of nay-sayers are voting against the party which proposed the idea and aren’t necessarily against the renewed gold standard.
This gold repatriation isn’t an isolated case. All signs are pointing in the direction that several central banks are now getting increasingly interested to increase their gold holdings and to have the gold inside the country instead of somewhere else. The Dutch repatriation is the first step, but we expect more pieces of the puzzle to fall into place soon. Very soon.
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Because max Keiser shot his mouth off about it
Someody told him, didn't they?
The Dutch simply went and got their gold and then made the announcement that they had it.
Dumbass Germans came with the grand announcement and then couldn't get posession.
I'll leave the moral to you.
That's not enough, IMO. Cooperation on MH17 seems more likely.
You may or may not be right but it helps if you are related to Obama/Bush/Clinton/ The queen of England. Keeping the gold in the family. Also if your grand father started the Bilderburg Club.
A few days? It took many, many months, knob.
I hope they drilled those gold bars to make sure they weren't filled with tungsten by the banksters.
The Gold that the Germans did get wasn't the same serial numbers. I wonder if the dutch gold numbers are the same.
Who cares about numbers... the only important number is the weight
"Who cares about numbers... the only important number is the weight"
Weight don't mean shit if it's tungsten...
Numbers don't mean shit if it's tungsten, either
Because Germany is an occupied country.
Don't mention the war.
Fawlty Towers always +1
So Germay tries and fails to repatriate their gold from the Fed as obviously there is no gold, unless you consider the type mined from Frau Merkels Crackberry, which may explain the withdrawal of any demands. Next a Malaysian airline departs the Netherlands with a flight plan that unfortunatley for the passengers, mimicked the intinerary of a certain Russian President. No investigation, no cause, no explanation and then rumors, since substantiated of the looting of 152MT of bullion from the Ukranian Central bank that, you guessed it, ended up in the Fed in NY. Next chess move is the move of stolen Ukranian gold from the Fed to Holland. It has been that said silence is golden......
The gold stolen from Libya was sent to Venezuela. The gold stolen from Ukraine went to the Netherlands. The US needs to find another government to overthrow to steal their gold to repatriate to Germany.
So, why doesn't the Fed just print some new ones & zeros and buy some more gold?
don't want the price to go up. afraid the innocent bystanders might think something was amiss.
Are you sure the Fed is not buying? The one sure thing to believe about gold is that everybody hides it, including CB's.
If I was the Fed I'd be buying from $250 up. What else can protect the rot of the dollar?
Venezuela got their gold long before Libya. my guess is that the Germans got the Equadorian gold
The route is no longer a secret, thanks to some tweeter publishing a photograph with heavy Brinks trucks on their way on the A9 in the direction of Amsterdam, published March 4th 2014:
https://twitter.com/FrankKrake/status/440819278435323904
Since the A9 heads north from Amsterdam, there is only one port and one airport which could have been the point the gold entereed The Netherlands: Den Helder, which is the home of a Naval Base and an Airport, which is used by the Royal Dutch Navy. All the details here:
http://www.tfmetalsreport.com/forum/6389/dutch-repatriated-1225t-gold-us-and-prepared-eurexit-2012
Den Helder is the HQ of the Royal Netherlands Navy.
"...The central bank wants you to believe it’s just an ordinary decision, but believe it or not, the only reason for this move was to restore the confidence of the public in the Central Bank..."
Makes perfect sense. Every other European nation - in fact, every country - should understand that the Amercian people have zero faith in the Jewish banking oligarchs that run our central bank.
I almost feel like I have the moral responsibility to draft up a bill to force repatriation of all foreign soverign gold held in the U.S.
No gold held in the U.S. can be considered safe as we cannot even audit our own gold. Any nation storing their gold in the U.S. should understand that the central bank is totally under control of a Jewish banking mafia that cannot be trusted and are essentially immune from prosecution. At best, your gold is loaned out and will take years to get it back. At worst, it will be stolen in some complex financial schemes by the bankers: enemies and traitors of the U.S.
Trust them at your own peril. They operate outside the control of U.S. law. [Edit: outside the 'little people' law. U.S. Jewish judges pretty much exempt Jewish bankers from those laws.]
Let's separate that into Zionist Jews running the banks.
Never forget the Zionistas sacrificed other Jews to establish Rothslandia in 1948.
"enemies and traitors of the U.S."
Enemies and traitors to humanity. Nothing less.
"They operate outside the control of U.S. law"
The operate outside of law. Any and all law. They are outlaws. There is only one way to deal with them. I will post a $50k reward for their return. Dead or alive.
This is the common law resonse to outlaws.
Long Live Hugo!
Y'all started sumptin' there, dead guy.
<Corrected>
around 10GPa Young Modulus for many woods.
Many Kg needed for a 1mm bending...
Please explain. I'm also a bit confused as to why those wooden shelves are not bending.... those bars are EACH 400 oz (troy-ounce) (12.4 kg or 438.9 ounces), so each shelf is carrying 248kg or 545lbs
If banks have been reduced to tricks like using painted aluminum bars to hide the missing gold, then things are worse than we ever imagined!
Because there are metal bars going under the wood from one side of the metal frame to the other. Wood is used because it is softer than the gold and won't mar it.
Bullshit. Toggle up, and look at the photo of bars on the low metal racks.
That's how gold bars, of this quantity and size would be stored.
Those bars are HEAVY. And those cheap ass shelves made of two x fours and little 1 inch stretchers. Only an idiot would try to put that much weight, that high, on those piece of shot shelves.
$ 5 billion worth of gold. And they run to their version of Home Depot, and cobble together wood shelves?
Doesn't pass the smell test.
And P/S, I have experience in material handling, storage, racking , construction and fabrication. ( especially cheap shelves, when needed)
I see full metal shelves with some kind of wood lining to keep the gold bars from being marred up. I believe these bars are 7 inches x 3 and 5/8 inches x 1 and 3/4 inches. If that is the case then the blue metal part of the shelves (under the wood) appears to be 2" thick, and the supports look to be 3" thick. I don't know the maximum weight that should be able to carry, but it looks legit to me.
"Wood has several kinds of strength. For a rough, general estimate of strength, refer to the specific gravity or density of the wood. When you need more detailed information, there are additional choices."
So much for the wood taking the weight - moving right along ...
https://www.youtube.com/watch?v=MMR5JVo21wQ
The wooden shelves are reinforced with tungsten rods.
I have been the past 10 minutes after the same... ;)
Formula (bending deformation for a rectangular beam in 3 point bending):
d = F*L^3/(48*E*I)
Where:
L: span
F: forze (~10*weight)
E ~10GPa (Young modulus = 1E+07 MPa, for IS units)
I=b*h^3/12 (Polar Moment of inertia; b:with, h:height for the beam section in mm)
d: deformation
... making some assumptions for L, h and b (and the weight of gold) one could estimate the deformation in mm...
Not very accurate, as this is not a three point bending. Weight is uniformely put over the whole length of the beam. Anyway, the numbers should be in the apropriate order of magnitude for d.
http://workshopcompanion.com/KnowHow/Design/Nature_of_Wood/3_Wood_Streng...
Some wood will take some serious psi before bending. The table is screwed here but Ash has a 15,000 psi. So do some others.
Wood has several kinds of strength. For a rough, general estimate of strength, refer to the specific gravity or density of the wood. When you need more detailed information, there are additional choices.
Engineers measure the compressive strength by loading a block of wood parallel to the grain until it breaks, and the bending strength by loading a block perpendicular to the grain. Both are measured in pounds per square inch (psi). Stiffness is determined by applying a load to a beam until it deflects a certain amount, and it’s measured in millions of pounds per square inch (Mpsi). To find hardness, engineers drive a metal ball halfway into the wood’s surface. The force used is recorded in pounds (lb). In each case, the higher the number, the stronger the wood.
Wood Species Specific Gravity* Compressive Strength (psi) Bending Strength (psi) Stiffness (Mpsi) Hardness (lb) Alder, Red 0.41 5,820 9,800 1.38 590 Ash 0.60 7,410 15,000 1.74 1,320The wood looks like at least 1 inch thick, maybe 1 1/4 inch. If 1 inch it is 2.4 times stiffer than the same material at 3/4 inch. If 1 1/4 inch it is 4.6 times stiffer. These are not your Home Depot shelves that can't hold a load of books without sagging an inch.
They look to me like they would have no problem with an old 500 Lb V-8 engine. Also, we can't see what is under the wood. There could be another metal support across the center, in which case it would take thousands of pounds to get any visible bending.
Looking at the top shelf it does appear from the photo as if there is a slight catenary arc which is expected.
(Of course this effect can also be due to stigmatism from poor camera optics.)
However I agree with the previous engineering static load analysis...because of the elegance and cleverness in approach for problem solution.
Edit...Furthermore there are other catenary arcs present. The florescent lights do not exhibit arcing so it is doubtful that arcing is due to Optics.
Love that the guy in the picture is all smiles, he's all, "we got our gold nigga!"