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Deutsche Bank's Modest Proposal To Central Banks: "Purchase The Gold Held By Private Households"
From the bank that a few days ago informed us that "People Are Talking About Helicopter Money And Debt Cancellation Being The End Game", comes the logical next step. Here it is, without commentary and the key section highlighted:
From Deutsche bank Behavioral Finance: Daily Metals Outlook
Although gold market operators are currently pre-occupied with the prospect of the SNB finding itself obliged by referendum to buy large quantities of bullion, another central bank raised the same possibility yesterday: the ECB. As odd as it sounds, given the contentious internal debate this year over asset purchases in general, ECB board member, Yves Mersch, reminded journalists that the Bank could in theory buy any asset within a QE program. This could mean government debt, equities, ETFs, or even gold. Indeed, within an effective asset purchase program it matters not so much what the asset is, than who the seller is. Given that the eurozone banking system still appears to be a bottleneck in the monetary transmission mechanism, there might be some wisdom in bypassing it. Banks do not hold gold. However, this ‘theoretical’ possibility would quickly run into practical constraints, not least the volume limitations and the problem of having to pick winners and losers.
However, the idea of gold purchases has merit because of the possible sellers. Much gold is held in private households, especially in countries like Germany. In some cases these are unwanted remnants of crisis-driven investments five years ago. A program that targeted these holdings would liberate dormant liquidity, some of which might even flow into consumption.
In other words, all the world's central banks would need to do to "liberate dormant liquidity" , held, as DB suggests, by private households in various "unwanted" troves of physical gold, and in the process also build up their gold holdings, would be to make said gold unattractive to hold.
And if that fails, well, FDR already showed the world how to deal with an intransingent public which does not want to part with its gold in Executive Order 6102, something which the Dutch Central Bank which also made the news recently when it secretly repatriated 122 tons of gold from the NY Fed, already did years ago when it advised pension funds to sell their gold: confiscation.
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IMHO, you never sell gold, but leave it to your heirs, quietly.
Not selling your gold is why you own silver, some of it in "junk" or at least one-ounce form: it's less likely to get you killed if the shit has hit the fan.
Why bother to set a Dollar price at which you'd sell.
You know they can print any amount of money they want, right?
So they pay you $5K, but print so much money that $5K will buy only 1 stick of chewing gum...
So long as these stupid, criminal, fraudulent, sociopathic, losers are running the market and the currency, there is NO PRICE at which I'd sell because any price would offered would be a fraudulent one.
Good point, thanks. Best to trade it for land or something that will produce income in the post collapse world, things like that.
In a pinch you can sell it to one another, never to a dealer, and keep it from doing these gangsters any good. Off the radar, too.
Just sayin.
These guys are so nice. They want to purchase that barbarous relic from us just for our benefit.
See . . . who says the government doesn't have our best interest at heart</sarcasm>
Germany is an occupied country. Merkel, compromised by NSA spying since 2002, may be ordered by Obama to limit gold holdings per household to under 10 or 20 ounces. Or a 10% disincentive tax may be imposed on gold as was done in India after the rupee suddenly fell to Rs 69 per dollar.
Germany is an occupied country my ass!!!
Your municipal police department has more patrolmen than there are foreign troops in Germany!
Everytime you see a college football game you see more specatators than there are foreign combat troops in Germany.
There is ONE COMBAT BRIGADE (about 6,000 soldiers) in Germany. That's what, one soldier to every 10,000 Germans?
Gimme a break!
As I stated in the Part 1, the Allies liquidated the legitimate government of the Reich, arrested the leaders, took over, divided, occupied and plundered Germany. They stole all remaining assets, and our culture, and then imposed their own, both in the FRG and GDR. In the West, SHAEF erected a bogus state (a legal fiction). They wrote and imposed the “Basic Law” (not a constitution), and in spite of the so-called “reunification” in 1990, that law remains in effect today, as an entirely foreign construct. There is no “Made in Germany” constitution. That means …. Germany is still an occupied and foreign controlled country!
http://justice4germans.com/2013/07/23/world-war-ii-never-ended-for-germa...
Why are American and British still in Germany so many years after WW II? Will they ever leave? At least 50,000 American personnel in Germany now per Telegraph. Wiki has about 40,000:
http://blogs.telegraph.co.uk/news/tomrogan/100272083/why-obama-should-wi...
Yup, Just
Spot on, even here few enough Germans know the truth.
But you have it banged to rights.
German didn't have a peace treaty following the war..strange no ???
Conspiracy fact !!!
Reminds me of the gun buyback programs.
cash for clunkers
unwanted items. fuck me.
everything the MoneyChangers have said and done since 07' is tangible proof of their utter desperation...
and here as many have predicted is the float of confiscation...
they r doomed and they know REAL MONEY soldiers understand that...
they aint talking bout buying no fucking physical Gold cause aint nobody selling at these fraudulent paper prices...
NOW DO U MOTHER FUCKERS GET IT!!!
and this is another reason why Silver is key...
WAR!
This is the best way out of deflation. All Fiat is overvalued, Central Banks try to create inflation but they buy financial assets. Inflation exists only in present good. Gold is the present good "par excellence", its value is immediate and is not a discounted stream of future cash flows (like financial assets). The way to push all the present goods (circulation) and wages up is to push gold up against FIAT currencies. That is what Roosevelt did in 1931. Revalue Gold upwards and you inflate away debts automatically.
Yes. When time preference is zero, banning cash or making gold more valuable are one in the same.
http://www.zerohedge.com/news/2014-11-23/consequences-imposing-negative-...
EXACTLY. There is 1 and only 1 semi stable path out of this mess. Confiscation will not work nor help. Ultimately, when it all shakes out RMB will appreciate against G3 currencies. Accounting identities and math help.
They can always be like India.
http://www.zerohedge.com/news/2014-08-13/how-can-state-bank-india-pay-in...
Oh god help us . All those coming boat accidents trying to get the gold to those banks in time
... A program that targeted these [phys. gold] holdings would liberate dormant liquidity, some of which might even flow into consumption...
Thought a stupid brain and entered that sentence into its computer.
Gold Capitulated. There is a renewed appetite for a long bias but it may stay measured rather than manic at this stage. Treasuries lack any Clarity. Meanwhile the strong Dollar is showing some signs of weakening.
Sentiment will always lead!!
http://www.sentimenttiming.com/free/
10yr @ 1%
DXY heading for 90 (and above)
Yeah, good luck with that confiscation... the gov will pass any law it wants, and people will just ignore it. What I find it most intriguing is that a behemoth like Deutsche Bank believes it would be easier to "buy" gold from their own citizens, rather than "repatriate" it from the NY Fed...
Franklin D. Roosevelt is laughing so hard right now.
https://en.wikipedia.org/wiki/Executive_Order_6102
He's learnt to enjoy eternal damnation?
Still an optimist?
Ounce for clunkers
Lol
LOL
It will take the scumbags about 2 seconds before moving from "purchase" to "take."
Ya gotta love the second amendment. Seriously.
Molon labe bitchez,,,
Confiscation, dead-ahead!
Why, when confiscation is so much cheaper for them.
But then again, the conjuring up of electronic dollars is cheaper than having to pay the police to go door to door and confiscate it.
No worries in the USA. There is none to sell. Nobody has any or it was all lost in maritime disasters.
Let them in, tell them about all those tragic canoe trips...
If anyone drives an APC onto my property the shooting has already started.
You're going to need a bigger gun. May I suggest the following option, hat-tip to FPSRussia. Not quite the muzzle velocity of the German 88, but it'll open up an MRAP like a sardine tin.
https://www.youtube.com/watch?v=dSp7CipN1pw
He missed the drum.
Just sayin'.
The time to take them out is not when they kick in your door. When they do that be docile and cooperative and use the opportunity to find out who they are. Being criminals they will soon start to wear masks so you will have to pay attention and do research about their origins. Then let time pass and use it wisely to cool yourself and pick your time and place.
Bullshit. Nobody kicks in your door because he's there to "read you your rights" and act like a professional. He's there to terrorize you and your family, and he will gladly shoot your ass and claim that you were a threat to him.
The locks on my doors are there for the jackboots' safety, not mine.
http://www.policestateusa.com/
Sure. It's yours if 1) we can find it and 2) you are offering $50,000 an ounce...
When gold is at $50,000 / OZ then fiat has become worthless as a medium of exchange or is used for immediate purchases into stores of value. Because $50k today means $60k tomorrow and $75k the day after.
Ask Argentina why they have shiny new Mercedes parked in their driveways and no pesos in the bank. Hell by the time gold is at $50k I will be buying eggs and fish with .22lr bullets.
If they had any brains and wanted to stimulate the economy they would instead offer interest free loans to gold holders who deposit their gold with the central bank as long as there was a guarantee that the gold would be returned upon repayment of the loan.
If they wanted to drain private holders of their gold they could at least offer a one off opportunity to sell their gold free of any capital gains or income tax.
Now you're just talking crazy
These psychopaths are criminals not businessmen
No Peter Pan is spot on because he knows that these psychopaths will implement just such a program so that they can shear the sheeple (paper settle) just like they already did at a few Swiss banks.
Also tried by banksters and govsters recently in Turkey...
" ... as long as there was a guarantee that the gold would be returned ..."
As if the sanctity of the central bankers' "guarantees" are worth a damn. I don't think you'll find too many serious gold owners who would ever accept such an offer.
count me in with Dr. Faber, "I will never sell my gold."
Your gold hoard is only as good as your rifle and the will to use it.
Nope. My gold hoard security is measured in fathoms.
Cue evil laughter!
Gold price bottom is in when they interpret the word "Purchase" as "confiscate".
Wow, the implications are amazing to think about.
1) Who sets the price at which they will buy?
2) Will anybody else be allowed to buy at a different price?
3) Does this effectively wipe out the private PM industry as collateral damage?
4) Why do they need to dig up retail gold rather than purchase it from fresh production?
5) What happens if they do not get a sufficient amount of voluntary gold?
6) Are restrictions going to be placed on non-bank purchases of gold?
I think this is just an idiot brainstorming away but he sure opens up a massive can of tequila-stuffers.
If it is unwanted why they want it?
When things turn to shit, they will just enact a "redemption tax".
Maybe St Louis can give the Germans some tips:
http://www.kmov.com/news/just-posted/Government-helicopters-fly-around-S...
But, didn't Uncle Warren's friend, Charles Munger always say that civilized people do not buy this silly, expensive junk that is a prop for the next Pirates of the Caribbean movie?
This also should be a clear sign that the wheels are very, very, VERY close to coming off.
They are looking for lead.
Why yes, yes he did. https://www.youtube.com/watch?v=XCXcQ1oBoo4
Ah ha ha ha... These mofos are hilarious. No $hit Fuking hilarious. Who writes this $hit? Pfffttttt... In your general direction.
PLEASE - No German jokes.
I'm too sensitive. My grandfather died in a concentration camp.
He fell off a watchtower.
Time to let everyone know that you have no gold, never had any gold nor even know what gold is.
€uropean policy to start closing safety deposit boxes in member countries?????????????
http://www.telegraph.co.uk/news/uknews/2066470/Safety-deposit-box-raids-...
Flush that gold out.
Q
Yup that's just one more data point, the crooks are desperate. Theft and lies, that's all they produce. Ever.
They think that all the stupid proles will gladly sell their "barbarous relic" physical gold in return for some newly-created digits in a government-managed bank account.
It seems they are getting religion from all the 'Gold Bugs' and then expecting that the 'Gold Bugs' will have caught the Keynesian disease in reciprocity...
Good Luck with that.
More likely the word 'purchase' is a euphemism for ''confiscate'.
It's almost like they have a plan full of malice and evil...
Sure - pay me $10,000 oz and I will sell.
This is why you will never ever be able to trade PM's for assets or needed goods. That decision will be taken from your hands long before that time comes. Whether it be illegal to sell, taxed at 95%, confiscated, etc. Downvotes commence in 3,2,1...
Yes, I could see this happening, it's easier than SWATTING door-to-door. Land is the answer. You can grow food/meat/weed on it, you can burrow into it, and shoot over it. Hell, you can even flee from it, and snipe back over it later.
I don't think those constraints on gold will last. There will be a revolution.
Why don't they just purchase gold contracts?
The important thing here is the focus on gold 'held'
Jesus - you can't have perpetual growth, and the people most likely to hold gold are least likely to sell it.
You want to revitalize the economy? Break up the largest 6 banks and start taxing the fed at 35%. Not claiming its perfect or ideal but it's absurd that our "progressive" economists have been so silent on the issue of the same banks getting more levered than ever, all as the Fed swapped out their bullshit assets with foreclosed mortgage notes.
These fucking cunts. Fuckin' microloans might have even made some sense - these idiot cunts essentially rail against corporations but then trust the large banks to trickle down prosperity based on taxpayer IOUs with zero thought to the future's opportunity cost.
I'll say this - the've kept this shit show going longer than I would have guessed. They have more tricks up their sleve, too, I'm sure.
But - the wolf eventually comes.
tick tock...
Is it just me, or is the inference one should make from this Douche-Bag proposal that the west is running low in gold? I mean why not propose buying second hand cars from the populace, if the intention is to give them more spending power? Seriously, a gold investor would not spend his proceeds from the sale of gold! He considers it a safe form of savings so if he did sell (or was forced to), he would tuck the money into another form of savings. Talk about desperation(!). Buy the fucken thing (and then maybe sell it to the gubmit for a profit).
This Head of a private household is a team player. That is why the Seasmoke Ask $10,000USD remains the same. (Go ahead look it up, we are not getting greedy because of your desperation)
I think every bank should buy and sell gold, silver and platinum. In a free market you could buy, hold or sell as you wished. Its time to tie PM's to the real economy - better than paper or electronic currency.
Lets start from the citizen's right to have foreing currncy bank accounts. I read that countries allowing just that are not democracies...
For every ounce, you forgive my tax liability for life for a member of my family, and you have a deal.
And if that fails, well, FDR already showed the world how to deal with an intransingent public which does not want to part with its gold in Executive Order 6102,
good thing we have a president that is very hesitant to overstep his boundaries and issue executive orders........
so assuming this is a forwarning for 'confiscation' who orders it? Happen under 2 years with Obama or under Hitlery when things REALLY take a turn for the worse?
What's going to happen when the US and EU governments declare a criminal punishment for holding, mining, and trading gold? Will they sanction Russia and China for doing that? they seems to be successful in pressuring India to stop dealing in gold.
On a lighter note, how safe is it to buy from Amazon and Ebay considering Ebola lurking around? You never know who is packing and shipping your holiday presents.
Over. My. Booby Trapped. Dead. Body. Will they ever get their hands on my gold, butcoin, or nickels
... now Oak Island is more understood ... come and get it haha
You can buy my gold at 100X the paper fiat manipulated price. Which is under the true value of physical gold.
More efficient to send stormtroopers door-to-door, and pull those filling, too!
Now we know the raison d'etre of Homeland Security.
Seriously, who the fuck would exchange their gold for paper that you cant wipe your ass with?
So you print fiat out of nothing and get gold in exchange! Pretty sweet deal, until the marks (no pun intended) get wise to your scheming fraud. They hold the gold themselves... so instead, now you have to f up the economy and make everyone a debt slave , so that you can get them to cough it up. Look at the biblical famine in Egypt - the grain was in storehouses, but, the people who had farmed it, were starving on the Pharaoh's orders - unless they wanted to cough up some gold!
If gold was traded openly, the true value would be established against other commodities - the value would level out and stabilized the economy that is now manipulated by the puppet masters.
Legitimize gold and silver as currency at every bank and tie it to the real economy - governments will not be able to hide the true value of the financial system when checked by consumers with real currency.
Both are already legitimate currency. There's nothing legitimate about government, so who cares if government approves.
If you do not want to put a check on gov and the fed then sit in your cave and eat your gold.
There are only two ways to overthrow the puppet masters, one way is with a gun (which may not be possible any more) or with PM's as real currency to restrain gov's from endless printing.
Man, these fuckers are WAY behind the curve. What the fuck do they think the past 14 years have been all about, other than helping the general public get rid of their unwanted, useless old gold? What do they think Cash4Gold stores were all about?
The most laughable words in the article above:
"...unwanted remnants of crisis-driven investments five years ago."
Mine's for sale. $18,760 per gramme. I'll take cash, no banque cheques.
Watch out because central banksters are now getting hungry for all the gold the sold from their failed fractional reserve Ponzi scheme.
What do they think Cash-4-Ur-Gold at the mall is all about? All central banks have to do is set up a few of those, offer ten grand per ounce, then rock 'n roll.
Too voluntary. They are angling for something more.... persuasive.
I'll take 3 grand right now.
Queue up the crickets.
Why would I sell for $3k?
Gold Bitchez.....I pick up pennies
"[...] and the problem of having to pick winners and losers"
Yes, they haven't faced that problem yet.
These banksters are insane.
There testing the waters. They need the real thing.
Why are you guys whining about this? Central banks buying gold from households will only increase gold prices. No one (except you) said anything about confiscation.
...because people with gold don't need any "help" "getting rid" of it, and because people with gold are rich and not stupid.
Thank goodness the bankers are looking out for our best interests. I bet people who own gold never even realized they could sell it.
"unwanted gold"? WTF?
Another goddamned paperweight for Christmas!?*&!
FDR died, the Zionist banksters' creed lived on:
https://en.wikipedia.org/wiki/File:Executive_Order_6102.jpg
An American, not US subject.
Happy to sell a few ounces to the US FED at $55.000/oz. ... once they start buying at that price ;0)
You gotta know when to hold em, know when to fold em, know when to play your hand and when to walk away...
It's a silly idea.
Unless these banks are pinning currency to a gold standard, gold is a small asset class in a sea of assets...and already mostly dominated by Central Banksters anyway.
There is more liquidity locked up in homes than gold. Why not steal that too?
Fuck, just take it all now since that's where the intellectually devoid economic and political theorists are going anyway.
There is no liquidity crisis with the consumers that comes close to the liquidity mistrust of banks.The banks have the liquidity and nobody wants their shitty rent money. NOBODY. there is no game that allows for interest rates or asset appreciation. That's why there is no liquidity.
Because gold is unique amongst assets in not requiring cahoots flows to support its value. Housing falls to the distributional constraint that we have gutted the middle and working classes... only gold can reliquify the system.
Gold is a small asset class... at these prices. That last phrase is the crux. Because if the price is revalued upwards then it becomes quite feasible for a relatively small amount of gold to sustain a large amount of paper derivatives. But don't take my word for it, read FOFOA.
1) the die is cast. Love it.
2) exactly my point. It will go parabolic because accounting identities and a little math on CB balance sheets necessitates it.
Mine's for sale...500 billion million trillion per ounce.
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No problem! I'll take two!
Just let me dial up my bank over in Zimbabwe…
Can you make change for that trillion dollar bill?
•?•
V-V
First they ask, then they order.
Unfortunately I lost mine while boating.
ooh....I like that one - will have to remember it when they come a knockin!
What a thoughtful guy, takes his gold sailing should be more of it.......
Your "dormant liquidity" will be ‘liberated’, bitchez! LOL
And if you do not comply and are caught with any gold, you lose all your assets to forfeiture.
"And if you do not comply and are caught with any gold, you lose all your assets to forfeiture."
If they can find them all.
There are some assets that are small, easily hidden, and outlast the governments that make proclaimations such as this.
They should just buy a mine and get gold that way.
Why "buy" it? Take it over for the benefit of the collective...
Question:
Will the German government make a beneficial offer with it's real QE adjustment(s) factored in?...
Or
Will they simply take it by force from their own the way the U.S. did in Libya and Ukraine?...
NOT FOR SALE.
NOT FOR SALE.
D4 you took the words right out of my mouth! This is a watershed fucking wake-up-call moment like we haven't seen since Roosevelt tried it in '33!
Just more proof that Weimar America/EU is alive and not well and only getting worse!
I'd sell if they offered $10,000 / oz fiat. Then I'd buy real assets like land.
If they offer you 10,000an oz that just means it will be worth 100,000$ an oz the following month.
Choke on a huge black cock and die Yves.
"Ja, enteignen wir das Gold (es war nie dein gewesen, Du beschissener kleiner Proll)..." Fixed it for you.
i usually hold a garage sale to get rid of my unwanted remnants.
it's all about the game!
Germany pissed of that the people have gold and they don't.
You're over thinking this...
Buy silver!
You're overthinking this...
Buy silver!
There is 1 and only 1 semi stable path out of this mess.... At least if they have to resort to confiscation, everyone will understand the truth of the financial asset ponzi and the essentially fraudulent claims on real assets... I suspect a move to confiscate would lead to a global rebellion against banks and societal instability unlike we've seen in our lifetimes. The much better path is to simply do what DB said. Bid up gold until households sell. It is the only way to rebalance the financial assets with real assets and inflate away the debts. Cascading defaults and debt jubilees risk the creation of epic moral hazard in the masses akin to what has been rampant on Wall Street...
'
'
'
"Global Rebellion…"
Now that's got a ring to it, eh?
And that's something I could get behind!
•?•
V-V
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Ah-hh-hh! Douche Bank! I love ya!
This is called "Floating Trail Balloons." Read up on the Overton Window. http://en.wikipedia.org/wiki/Overton_window
What once was unacceptable, is moved in the public's mindspace, into acceptability, then policy.
How does having more gold add to 'liquidity' in gold?
Confiscation is coming, I fear. Slowly at first, then all at once.
When China comes forth and backs the yuan with gold, the goldless heathens in the world, Canada, the US, the UK, will come for our gold like fiends, as otherwise, their currencies will be worthless in the face of the yuan.
•?•
V-V
Not. Sure. If. Serious. Or. Hoodwink.
confiscate at $35 / oz ???
I got some golden liquidity for ya pal! The bed pan is in the corner.
Good one Dirt! Still stackin' n' packin'!
dormant liquidity
Wow, needs a sick mind to come up with that Orwellian newspeak for savings.
Great observation.
Bravo... clever
Gold is unwanted! A barbarous relic! Therefore no one should want it. Ignore that we wants the preshussss.
ha ha ha ha
and a big WTF
Sure it would increase liquidity and I'llbe first in line....at the right price....
Physical gold holders are simply not going to sell at these prices in significant quantity....and the ECB has 10,800 tons of gold....why would they want more????
This is going no where.
although....if the ECB wants to take over the world it could offer to buy 2000 tons. This would drive prices way way up. The ECB would be injecting euros but instead of loading up on Greek bonds it would be loading up on the very best reserve...gold. I think eventually they will do this...just not yet. Such a move would result in a dollar price of gold that would terminally embarrass the dollar and hasten it's demise.....like in a nano second. Could you picture the dollar if it was shown to be worth 1/10,000 or 1/50,000 ounce of gold?
Next, the US and EU governments will "liberate" "dormant liquidity" out of our homes. The governments will assign a square footage per person and will force homeowners to share their homes with "renters."
damn, I'd better get the ebola out before renters come in.
My sales price depends on the Gold to S. American Apartment bldg ratio.
I don't work in the Executive branch therefore I am not obligated to obey Executive orders.
No Better word exist to explain this.. than...
You can't make this shit Up.. because nobody would believe you....
I front run you fuckers. I go to gold jewelry selling parties and outbid the dealers for the goods.
They never did recover that Nazi Gold. Switzerland gave them $1 Million dollars for the Red Cross and that was it.
“Purchase gold held by private households”
Don’t do it.
This is an attempt to buy private gold before a major price explosion.
There are about a dozen factors that will influence the gold price and drive it to unprecedented levels.
Don’t make a move until after you study this research.
Question:
At the risk of a nail gun accident........ I read Executive Order 6102 and noticed that the gold was turned in to Federal Reserve, a private banking corp. Is there any verifiable evidense that the gold then made its was to a public agency, for example: the US Treasury?
Any evidense that the confiscated gold was ever held at Ft. Knox as opposed to say the NY Fed or another JPM vault?
If the gold was never held by the US Government and I am reading correctly said gold was by law the property of the Fed Member banks, would it be then completely legal for the bankers to do with the gold what they pleased?