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Ukraine Central Bank Admits Gold Outflow, Calls It "Optimization Of Reserve Structure"
A week after we reported that the head of the Ukraine central bank admitted in an unofficial, informal interview that Ukraine's gold is gone, all gone, moments ago the Central Bank revealed that, sure enough, the gold holdings in the civil war-torn country have tumbled, as a result of a decision in September to "increase the share of US dollars in a reserve basket", or in other words, to sell the gold. Just don't call it that: in fact, as of today we have a brand new buzzword for gold liquidations: "optimization of international reserves."
From the central bank:
National Bank of Ukraine has optimized the structure of international reserves. This is due to timing structure of international reserves and the external position of the country. National Bank of Ukraine decided in September 2014 to increase the share of US dollar in a reserve basket, because the structure of the trade balance of the country is 70.3% in US dollars, 15% in euros. 77.7% of gross foreign debt denominated in Ukraine USD in EUR - 11.2% in SDR - 5.8%.
Recently, there was a significant volatility in global currency markets associated with the strengthening of the US dollar against other world currencies. Therefore, the National Bank of Ukraine decided to reduce the share of gold in foreign exchange reserves to 8%. To this end, the international markets has sold 0.46 million. Troy ounces of gold in US dollars, respectively proportion of gold in international reserves declined to 7.9%.
According to the IMF, the proportion of gold in global reserves at an average of 11.7%, while international reserves of developing countries, the proportion of gold in an average of 4.4%.
So Ukraine's central bank decided to conver its gold into dollars just as the USD has been surging to levels not seen in years? Just who says central bankers are bad traders. Furthermore, while one assumes this is the asset update as of the end of October, we can't wait to learn just what happened in the first days of November when the Valeria Gontareva interview took place.
And while the fate of the Swiss gold referendum may lie in the hands of the Zurich subsidiary of Diebold, perhaps it is time for Ukraine's population to ask its "elected" rulers just where Ukraine's gold has gone, pardon, been "optimized" to.
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Optimized....for who?
really? for the oligarchs of course.
or tradition.
...for the other side of the trade.
Yellen, who is obviously related to this woman, will be giving us similar news in the near future.
I optimize my personal reserves all the time by selling dollars. Good thing I have mentally ill dollar hoarders to take advantage of.
The Ukraine is out in the cold
The U.S. has taken their gold
Ukraine was outsmarted
A fool has been parted
With something of value they hold
Yesiree...
We feel much more secure having those green federal reserve paper notes in our vaults rather than that antiquated gold-colored metal.
Wise decision on Ukraine's part.
It's not liquidization it's confiscation. Notice that the first thing the west / central banks did was extract the gold in order to negate the possiblilty of it being 'looted' by some other party. Libya same.
Their words are meaningless.
Their actions speak loudly.
Darwin is about to visit the Ukrainian central bank and the coup government in Kiev.
Optimization of anal capacity.
Or as Obamba would say, "we buttfucked some folks"
You gotta love the creative euphemisturbation of failed states.
Translation: the banksters stole our gold, and forced us to accept their worthless promises under the threat of painful death.
Yea, he is really good at that.
They leased it, to take advantage of the great rates....
The time delay between conspiracy theory and conspiracy fact is shortening. Not long till we see the back of the theatre.
And they say Putin is the enemy!
Some diverse yutes “optimized” me of my TV, cameras and other electronic equipment when I lived in south Dallas a few years ago.
Yeah, my gf likes to try and optimize my wallet ...
Well then just "optimize" her ass out the door ..
Hey! I'm getting the hang of this:
Last night I optimized a tub of icecream and a box of chocolates. Later on I wasn't feeling too good so I optimized the contents of my stomach.
The dog optimized the T-Bone steak that I was planning on having for dinner.
I went to the ATM to get some more money but it had been Corzined ...
A computer virus optimized my hard drive and Lernered all my emails.
The CIA / Mossad / Qatar / SA are setting up a Caliphate to optimze the ME
A Nigerian Prince sent me an email Dimonding that I sent him some cash but, of Corzine, I already Lernered the importance of doing due diligence on such transactions, wouldn't you aGreen? Otherwise it can be a real bama.
I am amazed/impressed that the US was able to get the gold before Putin....
That must have also been a priority of his.
Loot and pillage 'em, then blame the Ruskies.
Spoiler alert!
Did the Dutch get their gold back the week when the Ukraine relocated their gold to a safe location?
Stop paying attention!
Shhhh. Go back to Dancing with the Stars . . . and did ya hear Katy Perry is gonna perform at the SuperBowl? Drink some beer, smoke a joint. Life is good!
Quid pro quo
The Dutch were paid in Gold to stay quiet about the real reason behind MH17 crash.
Now sat underground in Holland!!!
Like the MH17 victems...
It was supposed to be read in the voice of Robert Downey Jr. in Tropic Thunder where he says, "what do you mean, you people?"
Wish we could post pictures.
And also: "You never go full-retard..."
Sounds like Ukraine went full-retard by letting their gold slip away for a bunch of fiat garbage.
The Jew got the Gold the goy got the Reserve notes... lol Nothing ever changes.
Well, now i feel better about the whole thing. It was a CB manuever, that's all.
Wow, such good traders the Ukrainians are. So now that their paper profits in USD have surged, they will be flipping and buying their bullion back now right? LOL
what a bunch of fucking morons...
now freeze and enjoy and ur serfdom...
"morons"
Er, she's lying. They didn't do it to optimize anything. The politicians put into power by the banking mafia's coup were paid to let the banking mafia steal Ukraine's gold.
They're not morons they're evil.
Optimized, a.k.a. transported by Academi goons operating under strict orders of the Rothchild Tribe.
Great new lingo: "Optimized." I like it.
Here goes:
"I didn't lose that bullion in a 'boating accident;' I was merely optimizing my 'deep storage' holdings."
If i do it 8 times is it octomized?
Ukraine needs long-range MIRV nukes a LOT MORE Than shiny yellow lead.
"And while the fate of the Swiss gold referendum may lie in the hands of the Zurich subsidiary of Diebold "
There are no voting machines in Switzerland; all votes are counted by hand. Every municipality randomly recruits a number of citizens who have the duty of counting the ballots, but penalties for disobeying this duty have become rare. However, after people sort the ballots (e.g. "yes" and "no"), then the total number of "yes" and "no" votes are counted either manually or, in bigger cities, by an automatic counter (like the ones used in banks to count banknotes); or the ballots are weighed by a precision balance.
Hand counted paper ballots and community responsibility, what a concept.
A well armed responsible community.
Hand counting ballots. Hooda thunk it.
Maybe that's why Hitler never went after Switzerland.
Ukie = moron
They're not morons. The gold was stolen. They're not going to admit they were bribed to let the banking mafia steal it.
am currently optimising my commodity reserve structure
Those barbarians in Neanderthalands had to get their relic from some where.
Ukraine will be poor and dependent on handouts for decades. John McCain is a curse on every land he travels to. But the Nobel Prize Winner got what he wanted for his $5 billion spent on destabilizing Ukraine - war and terrorism at Russia's borders. A more hawkish Defense Secretary is just what the Droner-in-Chief needs - Forward to more war and killing.
When you guarentee their sovereign bonds, you expect a little quid pro quo
I thought this was an old ZH post from last week or something, no? Ukraine had to quietly adn unceremoniously give up their gold for Western help. Big surprise, strings attached.
Unexpectedly, and coincidentally, Netherland had 122 tons of gold repatriated so the market must be swimming in cheap physical yellow metal. Who knew and Who is next? The Suisse? Let the scramble for physical begin.
The gold was stolen right after the coup. This is them admitting it's gone.
Wait, didn't the previous ZH article on this gold mention that the reserves went from 8% to 1%?
shhh Ukraine know better=)
Indeed they did and I saw the video where the UA Central Bank head admitted the reserves are gone... now they are apparently trying to cover it up with inventing an "optimization" story so 1% has now turned into 7.9%... of course they can say anything since the Ukrainian people will not see their gold in the vaults... just like the Germans and whoever holds their gold in US "tunnels" don't see theirs...
Sounds like Orwellian doublespeak to me.
I call BS!
Sounds like Orwellian doublespeak to me.
I call BS!
EDIT: Speaking of doublespeak! So good it was worth posting twice.
Double-plus good Klink, double-plus good.
Duckspeak from the Ministry of Truth (minitrue).
Long Bicycle Clips and Diapers.
Do Central Bankers understand they will one day be the hunted?
"Do Central Bankers understand they will one day be the hunted?"
As long as it'll be all bark and no bite on behalf of the population, they're safe. And in case of riots, throw in some paid looters and you'll see the masses instantly side up with the police. It's almost too easy...
Yes, that's why they try to balkanize countries and spend a lot of time and money on divide and rule e.g. Ferguson.
The Zürich analogue of Diebold actually won a UN award for electronic voting innovation. What made the system unique was that it was also decentralized, which made systematic manipulation much more difficult because of the small populations in each voting district (excluding downtown urban centers).
The demo site is still up and running, but it's entirely in German (French is not an official language here, just like English isn't).
http://www.statistik.zh.ch/internet/justiz_inneres/statistik/en/wahlen_a...
Background (in English) on the dual individual and universal verifiability requirement for all three of the electronic voting platforms used in different Cantons in Switzerland-
http://www.revue.ch/en/editions/2014/05/detail/news/detail/News/electron...
Somehow I'm fairly certain Nuland arranged for J.P. Morgan Chase and Goldman Sachs to get that Gold in exchange for dollars.
"Of the Banks, by the Banks, for the Banks."
That was the country that produced the most fearful ICBM Satan. Now its main export is corn. That's its place in Europe according to the central planners.
A gold fairy was hiding under the bed.
Throw all the citiziens money away. Central bankers call it -- "Optimization Of Reserve Structure"
https://www.youtube.com/watch?v=szwclmmKwLg
Oh, the nice word "optimization" - why not just call it what it is - blatant THEFT!
Drop in the word collective optimization. It sounds more important.
/sarc
When you choose to be IMF cannon fodder what do you expect?
If the IMF, European bankers and the US Empire want a coup in Kiev and want to enfold Ukraine into its empire family, then it needs an IMF central banker on the job in Kiev. That’s Valerie Gontareva, being installed with great IMF and central banker praise for her abilities.
And the obvious job of this investment banker is to lock in Ukraine to the IMF slavery model - austerity and obedience.
Reported RawStory upon her appointment: “She will play a vital role in turning around the economy by implementing painful economic reforms prescribed under the terms of a $17-billion (12.5-billion-euro) IMF rescue loan.”
Winning immediate praise from western bankers and IMF chief Christine Lagarde, Gontareva told reporters on her way out of the confirmation hearing.“I think that my appointment is a positive signal to bankers.”
http://www.rawstory.com/rs/2014/06/nato-reports-new-russian-troop-build-up-near-ukraine/
"’She is an experienced banker, very well respected in the business, and close to Mr. Poroshenko, with good experience and ties to the western banking community… a good fit for the IMF, et al,’ said Standard Bank analyst Timothy Ash.” -- WSJ
She be da new ovaseeah Massa?
That explains some of the demand for the worthless dollar that defies any sort of logic. Now who else out there was making the same mistake?
Getting allies to trash their currencies helps support the dollar. It's all relative.
Getting allies to trash their currencies helps support the dollar. It's all relative.
They could have saved big shipping cost bucks. Why didn't they just send it direct to the Netherlands instead of shipping it to New York and then to the Netherlands?
'They could have saved big shipping cost bucks. Why didn't they just send it direct to the Netherlands instead of shipping it to New York and then to the Netherlands?'
Who's to say they didn't? The Dutch stated they used a 'special secret' route and method to transport their gold. In fact it was so secret they simply used wheelbarrels.
From Ukraine's Head of "You Can't Make This Shit Up" Department.
The National Bank of Ukraine said, "The fucking Americans have given our gold to those clog-wearing Dutch bastards!"
Dutch clogs shoes will become the next fashion staple.
Excellent - the US government has been optimizing my income for years.
Momma says stupid is as stupid does.
Hee haw John Kerry is stepping on every cow paddy regarding Iran technology development. Give it to me, or I’ll bomb you.
You can't make this up.
Toilet paper shortage in Ukraine ?
Now i get it.
Single sheet toilet paper
http://www.kcprofessional.com.au/products/toilet-paper/single-sheet-toilet-paper
Nuland's victory speech...please hold your applause until the end:
http://www.globalresearch.ca/american-conquest-by-subversion-victoria-nu...
New Ukraine currency "chocolate coins".
Won't melt in the cold they soon will be.
http://www.candyonline.nl/Webwinkel-Product-18498152/*BESTSELLER*-Chocol...
Luxemburg treats. White or Ebony coins?
So they complained about the last guy being corrupt. Then they Nazi's took over looted the whole country while declaring war on half the population at the same time.
That's what they promised "We will do better !"
They didn't specify what of course.
Since when did Ukraine President Poroshenko, Ukraine Prime Minister Yatsenyuk (Yats), Ukraine Deputy Prime Minister Volodymyr Groysman, and US Assistant Secretary of State for European Affairs/ Kiev Coup Financier Victoria Nuland, all Jewish, transform themselves miraculously into German Nazis? IMO, they should not be called Nazis; the concept of Nazis is German national socialism. These people represent the international bankers' Socialist New World Order.
The banking mafia are very good at misdirection.
So you really think there is no such thing as a Nazi Jew...think again
Did they need the gold from Ukraine to give to the Dutch in return for..............
'Dutch government refuses to reveal ‘secret deal’ into MH17 crash probe'http://rt.com/news/207243-netherlands-mh17-investigation-documents/
Poor old Germany................................ told to swivel!
I think there were no Germans aboard MH17.
Seems like the banking mafia oligarchs funding the color revolutions have made another killing.
They're effectively running hostile take overs of countries and asset stripping them.
If it was the Western Bankers, then why would they reduce the value of what they stole after it was in their hands?
Isn't the normal procedure to manipulate the price lower, get the asset, and then let the price rise?
P.S.
I am not saying it ISN'T the Western Bankers (Wankers?).
I am saying that it doesn't fit their Modus Operandi.
Let me try to simplify this for you, the Ukraine exchanged physical Gold which is real money, for worthless paper.
In mother Ukraine you buy high and sell low.
"Optimizing our Reserve Structure" is a euphemism for "Our trade partners would not accept any of our other reserves in settlement".
I don't know which trade partner.
And before you get your panties in a twist by assuming the culprit, consider this list of Ukraine's Trade Partners. It's creditors (those with whom it has to settle trade) are the ones where the listed imports are bigger than the exports:
http://www.bloomberg.com/visual-data/best-and-worst//ukraines-biggest-tr...
One (or more) of those with whom Ukraine has a NEGATIVE trade balance got the Uke Gold.
But you can bet that the Uke's wouldn't have settled the trade in Gold with anyone whose trade they believed they could not live without. Hence it will likely be one of the biggest five or six creditors.
Remember the old saying..."If you owe a little, you have a problem. If you owe a lot, then your creditor has a problem."
I doubt the gold is in Holland - that's more likely some added divide and rule spin for the minority who look past the first lie.
Nice to know you CIA people are on the job, and trying to suppress any info that might shed light on US policy and Ukraine in this weird world situation. Just look how much sense it makes if the US is short of Gold Bullion, and they trade treasury bonds for them, probably at a discount, to the morally stupid Ukrainian leadership.
By the way don't respond to my comments until they are posted, as it seems like the NSA IS READING MY KEYBOARD. BOY, AM I PROUD THAT THEY THINK I AM and the implied truth are ENOUGH THREAT TO DO SO!!!!
Maybe the Ukraine gold is now in Netherlands, thanks to the cleverness of the CIA's revolutiory finance division.
oooop s i didn't read the previous comments about the transfer to Netherlands, however, I will use alternatively my comments to support those of the authors of the previous comments except as to bribes about the investigation ot the shot down airliner.
"optimized the structure of international reserves" was just missing a couple of words. It should have said "optimized the structure of the Empire's international reserves".
Stupid Nazis had their gold stolen by the New York jew Nuland. Ha ha.
all nice & good, except the Ukrainian gold got shipped to US bankers immediately after the coup. Anyone think this was a zioNazi payoff for the US success in pulling off the coup and putting Kagan/Nuland's chosen jew nazis in power??