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Gold Held In NY Fed Vault Drops To Lowest In 21st Century After Biggest Monthly Withdrawal Since 2001

Tyler Durden's picture




 

Exactly one month ago we observed that, as expected in the aftermath of the Netherlands' shocking and still not fully-explained gold repatriation from the NY Fed, the amount of foreign earmarked gold on deposit with the Fed had just experienced a 42 ton withdrawal: the single largest outflow of gold held at the NY Fed in over a decade, going back all the way to 2001. This had brought the total amount of YTD gold withdrawals from the NY Fed to a whopping 119 tons: the most since the Lehman collapse.

However, because this total was insufficient to cover just the Dutch repatriation of gold from the NY Fed (which amounted to 122 tons), we knew there would be more activity when the November data hit. Sure enough, earlier today the Fed reported the total amount of earmarked gold (or gold "held in foreign and international accounts and valued at $42.22 per fine troy ounce; not included in the gold stock of the United States") for the month of November: at $8.184 billion, this was a $60 million drop from the previous month (or it would be at the $42.22/ounce "price"; at market prices the value of the withdrawn gold is about $1.7 billion).

In actual tonnage terms, this means that in November some 47.1 tons of gold were withdrawn from the NY Fed, bringing the Fed's total earmarked gold to just 6,029 tonnes: the biggest single monthly outflow going back to the turn of the century. This is also the lowest amount of gold held at the NY Fed vault located at 33 Liberty street (and just across from the even bigger vault located at 1 Chase Manhattan Plaza) in the 21st century.

But even more notable is that with the November data, we now know that all of the Dutch repatriated gold is fully accounted for.

Which brings up a far more important question: net of the Netherlands withdrawals, there is some 44 tons of extra gold that has been also quietly redeemed (by another entity). The question is who: is it now the turn of Austria to reveal in a few weeks that it too, secretly, withdrew some 40+ tons of gold from "safe keeping" in the US? Or was it Belgium? Or did the Dutch simply decide to haul back some more. Or did Germany finally get over its "logistical complications" which prevented it from transporting more than just a laughable 5 tons in 2013? And most importantly, did Germany finally grow a pair and decide not to let "diplomatic difficulties" stand between it and its gold?

We should have the official answer shortly, but we know one thing: it sure wasn't Ukraine

 

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Mon, 12/29/2014 - 18:23 | 5602929 Four chan
Four chan's picture

what gold?

Mon, 12/29/2014 - 18:26 | 5602943 kaiserhoff
kaiserhoff's picture

So who is next in line to get Corzined/rehypothecated?

Mon, 12/29/2014 - 18:34 | 5602980 Manthong
Manthong's picture

6,039 tons?

Is that “gold” or “gold and/or gold receipts”?

Mon, 12/29/2014 - 18:55 | 5603071 economics9698
economics9698's picture

Fuck the tribe.

Mon, 12/29/2014 - 19:00 | 5603083 I MISS KUDLOW
I MISS KUDLOW's picture

Its time to panic

Mon, 12/29/2014 - 19:09 | 5603109 Pure Evil
Pure Evil's picture

Where is the Fed Window where you can buy Fed gold for $42.22 an ounce?

Mon, 12/29/2014 - 19:23 | 5603149 johngaltfla
johngaltfla's picture

It's okay. The Bernank said gold isn't money so these suckers demanding delivery of their gold in China, Dubai, and Europe are just getting shiny well painted Tungsten bars anyways.

Mon, 12/29/2014 - 20:26 | 5603323 847328_3527
847328_3527's picture

Some assets are underpriced, like gold. Others still need to correct, like RE. I am guessing, this carry trade thingy combined with the thousands of solid paying jobs in the O&G world will be the straw that breaks the camels back, as they say.

Mon, 12/29/2014 - 21:30 | 5603540 new game
new game's picture

and i am to believe a single word written today from the ny fed. are you or i that stupid?

i don't believe anything about gold, just no way to prove any of the lies. its like knowing how much blow is moving around at any given time.

all poppycock...

Mon, 12/29/2014 - 22:52 | 5603840 mvsjcl
mvsjcl's picture

"... with the November data, we now know..."

 

We now know diddly-squat. Same as it ever was. You have that right, new game.

Mon, 12/29/2014 - 22:58 | 5603860 BigJim
BigJim's picture

So, Tyler, it's dropped what, 10% in 10 years? Gee.

Meanwhile, why isn't Putin buying phyzz hand over fist? Anyone would think he's happy to play along with the NWO, or, at least, the NWO's banker chapter.

Mon, 12/29/2014 - 23:56 | 5604070 ThirteenthFloor
ThirteenthFloor's picture

Big Jim, look at Russian mining output plus very little gold leaves Russia, and they are sitting on the old gold as well. My guess Russia is one or two in gold holdings. They are flat in trade deficits too. What's gold in Russia stays in Russia !

Tue, 12/30/2014 - 01:25 | 5604237 Soul Glow
Soul Glow's picture

If I rehypothicate 10 tonnes of gold at $42 I can loan out 9/10s of the collateral at a price set by decree of the central bank which means I profit at such and such a degree.

Tue, 12/30/2014 - 03:36 | 5604357 BaBaBouy
BaBaBouy's picture

Folks, We Sold Some GOLD.

Tue, 12/30/2014 - 05:04 | 5604410 Retronomicon
Retronomicon's picture

What's up with copper?  Nary a mummer.

 

http://www.kitcometals.com/charts/copper.html

Tue, 12/30/2014 - 05:09 | 5604416 Ying-Yang
Ying-Yang's picture

And then there is

BITCOIN?

"But there's one currency that did worse in 2014, depending on whether you think virtual currencies are real money," wrote Bloomberg. "A bitcoin has lost 58 percent of its value in U.S. dollars this year, and 72 percent since last November. If you'd invested $10,000 in bitcoin at the beginning of 2014, it would be worth $4,202 today."

http://www.newsmax.com/TheWire/bitcoin-worst-investment-2014/2014/12/29/...

Tue, 12/30/2014 - 06:47 | 5604485 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

Bitcoin is for short term (spending, speculating) and fleeing the country without anyone knowing about it.

Gold is for long term, crisis proof.

Tue, 12/30/2014 - 20:52 | 5607459 Self-enslavement
Self-enslavement's picture

Here's a story Zerohedge seems to have missed http://finance.yahoo.com/news/china-bans-gmail--is-this-what-brings-the-... no doubt is mostly google sponsored propaganda

Tue, 12/30/2014 - 07:42 | 5604521 GetZeeGold
GetZeeGold's picture

 

 

Where is the Fed Window where you can buy Fed gold for $42.22 an ounce?

 

I've heard it's right next to the Lost Dutchman's Mine...but I've never actually seen it.

Tue, 12/30/2014 - 01:20 | 5604231 mt paul
mt paul's picture

a kilo in hand

is worth a few in the bush...

Mon, 12/29/2014 - 23:44 | 5604006 ThirteenthFloor
ThirteenthFloor's picture

Straw that breaks the back, is when rest of world no longer wants US treasuries. They convinced/coerced Japan to be a buyer. My guess that line is getting shorter everyday. Who really wants a UST ?

Tue, 12/30/2014 - 00:11 | 5604100 SAT 800
SAT 800's picture

Everyone who has a gun pointed at their head.

Mon, 12/29/2014 - 22:24 | 5603730 WmMcK
WmMcK's picture

I don't think that doillar sign has anything to do with fiats.  Wait for the blue money or a reset.

Mon, 12/29/2014 - 22:37 | 5603798 effendi
effendi's picture

I'm sure they will sell anybody gold at $42/ounce as long as they are paying for it with sound money (like gold eagles and double eagles). With fiat money you will only get your monies worth (very little, if anything).

Tue, 12/30/2014 - 05:55 | 5604451 escapeefromOZ
escapeefromOZ's picture

at that price of $42  which producer/miner will be still operative ? My guess is ZERO . Even at this level of  about $1200 most miners just break even !

So the $42 for one once is an impossible dream ! 

Tue, 12/30/2014 - 10:23 | 5604829 Tall Tom
Tall Tom's picture

No. The Gold Window was closed on August 15, 1971.

 

Besides the One Ounce $50 Gold Piece, if traded for Gold at $42, would give a person roughly an Ounce and an Eighth for an Ounce.

 

They are not giving it away...even if it is a "Barbarous Relic".

Tue, 12/30/2014 - 10:16 | 5604811 Tall Tom
Tall Tom's picture

Where is the Fed Window where you can buy Fed gold for $42.22 an ounce?

 

 

Closed by Richard M. Nixon on August 15, 1971.

 

The US Government has never revalued Gold since that time. Thus the US Government Official Price stands...BY STATUTE...BY LAW...at $42.22.

Mon, 12/29/2014 - 19:39 | 5603191 Greenskeeper_Carl
Greenskeeper_Carl's picture

Not to get all "tinfoil-hatty" but when exactly in 2001 did this previous record withdrawal take place?

Mon, 12/29/2014 - 19:57 | 5603242 johngaltfla
johngaltfla's picture

About a month before 9-11. And it was the Saudis. And nobody wants to cover this because witnesses got the Marcy Park tour.

No tinfoil hat, just redacations in the official investigation that was published.

Mon, 12/29/2014 - 20:16 | 5603285 Pooper Popper
Pooper Popper's picture

hey John,

Do you have a source for the saudi Gold withdrawal?

Im Not doubting this claim.I would just like a good source of study!

Thanks

Mon, 12/29/2014 - 20:30 | 5603320 johngaltfla
johngaltfla's picture

Just FOAF who claimed to see the unredacted 9-11 report. Until those black marks are removed, the public will never now the truth. As long as Bushies, Clintons, and Obamas are in office, the Saudis have purchased protection to cover up their activities. Including the active slave trade from Christian parts of South Sudan.

Mon, 12/29/2014 - 20:36 | 5603348 VATICANT
VATICANT's picture

Seriously, fuck the Wahabbis. Zionist-cock suckers

Mon, 12/29/2014 - 20:42 | 5603363 Counterpunch
Counterpunch's picture

Anything coming out of a largely neocon-infested government as to Saudi should be treated with a healthy amount of skepticism.


https://wikispooks.com/wiki/Document:Invasion_of_Saudi_Arabia

 

I'd be interested in the source of that claim, as well.

Mon, 12/29/2014 - 23:00 | 5603876 BigJim
BigJim's picture

Anything coming out of a government should be treated with a healthy amount of skepticism.

There! FIFY!

Tue, 12/30/2014 - 12:30 | 5605246 Nestor Makhno
Nestor Makhno's picture

From your link.

'In reality there has been no hard evidence linking Saudi Arabian leaders and officials to terrorism, little evidence of Saudi subjects playing a mindful role, and far less financial ties to terrorism than could be found in most nations with a banking system.'

They're cunning b'stards, I'll give them that.....

Mon, 12/29/2014 - 19:24 | 5603152 Groundhog Day
Groundhog Day's picture

finally the barbaric relic can be replaced with high quality Fiat

Mon, 12/29/2014 - 20:19 | 5603304 ILLILLILLI
ILLILLILLI's picture

...and just in the nick of time, too!

Mon, 12/29/2014 - 23:51 | 5604050 bluskyes
bluskyes's picture

I've just started reading The International Jew by Henry Ford. It is a prophetic work.

Mon, 12/29/2014 - 19:37 | 5603183 Greenskeeper_Carl
Greenskeeper_Carl's picture

Classic. Didn't even have to click on the link to know what it was(I did anyway because that clip never gets old)

Mon, 12/29/2014 - 19:51 | 5603217 Chupacabra-322
Chupacabra-322's picture

Dumb & Dumber, Right?

Mon, 12/29/2014 - 19:59 | 5603232 Cognitive Dissonance
Cognitive Dissonance's picture

It is simply amazing that ANYONE can click on that link and recognize the absurdity of the statement. Yet when the Fed says the same thing the vast majority of people will accept it at face value and never question it.

THAT in its simplest form is the CON in the confidence job the Fed and the banking system are pulling. Of course no CON is complete without someone(s) accepting what they think is true for actual truth. The CON is nothing without someone(s) willing to go along for the ride for any one of a million reasons.

Mon, 12/29/2014 - 20:34 | 5603343 DaveyJones
DaveyJones's picture

Part of the con is always the john

Mon, 12/29/2014 - 21:22 | 5603514 Greenskeeper_Carl
Greenskeeper_Carl's picture

Ha ya that's true. But no one gets it. I forget who said it, but it's much easier to fool someone than it is to convince them that they've been fooled.

Mon, 12/29/2014 - 22:27 | 5603747 Fish Gone Bad
Fish Gone Bad's picture

+1 One has but to look at various institutional religions and cults to know the truth in your statement.  Manson still has followers.

Mon, 12/29/2014 - 22:54 | 5603856 Arius
Arius's picture

"It is simply amazing that ANYONE can click on that link and recognize the absurdity of the statement. Yet when the Fed says the same thing the vast majority of people will accept it at face value and never question it."

 

CD - you have to put the Gun into the algorithm for the algos ... give the dummer the gun and you will see the other guy smile and ohhhhh  yes, IOU are fine too ... just let me get out of the room

Mon, 12/29/2014 - 22:55 | 5603861 29.5
29.5's picture

The amazing thing is how the writers of the scene/movie hit a literal gold mine in terms of pyramid scheme and economics that are tought nowadays. Did they really know, or at least the depth of the con-game? Probably not. But doesn't matter because I know people who love that movie so much and they still have no idea what they are doing in their own financial world. That's the comedy of it all.

Mon, 12/29/2014 - 19:49 | 5603215 Chupacabra-322
Chupacabra-322's picture

@ ManThong,

Fuck'n IOU Notes.

Mon, 12/29/2014 - 21:05 | 5603436 aurum4040
aurum4040's picture

@cog ~ because nearly everyone goes along with it .... until they don't,  Russia and China will pull the cord simulataneously in my opinion. In America's case it's very different and we will have our head in the sand, debating over the size of Kardashian's ass and cop 'killers' until we can't go along because reality is too inconvenient.   

Mon, 12/29/2014 - 21:27 | 5603539 Greenskeeper_Carl
Greenskeeper_Carl's picture

I still don't think that's necessarily happening. China goes along with it because it's too their benefit. They need us and Europe because they need us to sell their cheap shit to. If we go down, so does the EU, and there isn't another realistic market of about 850 mil people to sell their cheap shit too. I know their are other places with a similar sized population out there, however their own people are borderline slave wages just like the Chinese, so there's no reason for them to need china to make it for them. While it might give them a sense of satisfaction to collapse the dollar since they are sick of US dominance, once we stop buying their manufactured goods, they're going to have several hundred million pissed off peasants to answer to once those factories shut down. Not saying it's a good situation , nor that it's sustainable, that's just my take on it.

Tue, 12/30/2014 - 02:03 | 5604292 cynicalskeptic
cynicalskeptic's picture

Corresponding with the fll of the US dollar will be a rise in the value of China's fiat.  This will give the Chinese populationgreater buying power.  China will have gotten an industrial base for FREE from the west over the past few decades in exchange for cheap labor INSTEAD of BORROWING BILLIONS as every nation in the past has done.  China has also acquired technology pretty cheap as well - requiring tecnologt sharing with their manufacturing ventures - cheapp labor for western compaies (for now) while China profits in many ways.  

It's a pretty briiant strategy actually... they put millions of peasants to work, raising their living standard - even if it still is much lower than other industrial nations while collecting trillions in foreign exchange to BUY power and influence throughout the world. They've converted much of the $US they've gotten into tangible assets like mining companies in Australia and South America, farmland in Africa and long term energy contract all over.  The Chinese Comunists DID manage to transform China - even if screwing up big time with the great Leap Forwar and more.  They transformed themsleves without ever admitting it and got the West to py for their transformation.  Possession is 9/10's of the law.  All those factories shiped lock stock and barrel to China are CHINESE and all they make is part of China's GDP earnign moeny for CHINA.  Some western 'owners' or  'partners' may be making a profit off them - for now - but they've done so at the cost of cripplingg their own national economies in the West. 

China has a LONG memory.  They view their displacement as the head of the civilized world by western 'barbarians' as a temporary and unfortunate break - soon to be restored.  They remember the Opium Wars and other humiliations and WILL get 'even' in the long term. And if you don't think the treasure looted from China by the Japanese, recovered by the Americans (and kept) is a sore spot.....   

Expect the West to collapse through their own hubris - leaving a newly industrialized China with a population that will now be able to afford to buy all the things they make.  They won't NEED the US to buy stuff.  The US Empire has squandered trillions on a military that has only po'd the world - you can't simply take what you think you 'deserve' indefinitely.   We're Rome at the end - mercenaries do our dirty work - and are all too ready to trurn on their employer when not paid, our money has been debased and the populus is held in check only through massive spending on bread and circuses.  The senators in Rome as a self-centered debauched lot growing more and more afraid of the masses, knowing that revolt is an all too real possibility when the bread runs out.

Europe - having directly suffered two world wars on the last 100 years is not too keen on going through another so may be a bit saner but you've got people pulling the strings that seem to think they can get away with anything.  They will get desperate to prop up the US but...... are they insane enough to start WWIII?   It's NOT the path China Russia and others want to take - but whether they can short circuit those efforts is another thing.... Seems like some would rather have the world a smoldering pile of ashes thant see the rational course of their past actions (failures)- and the rise of others - play out/

Tue, 12/30/2014 - 04:56 | 5604404 StychoKiller
StychoKiller's picture

Fortunately, "They" have opposition to contend with.

Tue, 12/30/2014 - 07:44 | 5604522 tumblemore
tumblemore's picture

"Expect the West to collapse through their own hubris"

 

Well I think the banking mafia helped as it was them who offshored America's industrial base to China.

Tue, 12/30/2014 - 08:01 | 5604539 new game
new game's picture

we all are already via suppressed value...

Mon, 12/29/2014 - 18:27 | 5602950 zorba THE GREEK
zorba THE GREEK's picture

Gold IOUs dropped to the lowest this millineum but the physical gold has been long gone.

Mon, 12/29/2014 - 18:32 | 5602966 Greenspazm
Greenspazm's picture

"gold and gold deliverables"

Mon, 12/29/2014 - 18:38 | 5602998 Manthong
Manthong's picture

Same thought, same time.. it’s getting harder for them to keep the scam under the rug.

Mon, 12/29/2014 - 22:32 | 5603769 sun tzu
sun tzu's picture

They can just say nein, like they did to Merkel. 

Mon, 12/29/2014 - 18:38 | 5603001 midtowng
midtowng's picture

No sweat. They'll just print up some more

Mon, 12/29/2014 - 18:41 | 5603022 Jannn
Jannn's picture

Federal Reserve Bank New York Lost 47t Of Gold In November

https://www.bullionstar.com/blog/koos-jansen/federal-reserve-bank-new-yo...

Mon, 12/29/2014 - 19:16 | 5603129 nuke ISIS now
nuke ISIS now's picture

Its on ............bitches

The shit has been extracted, and now only needs to be thrown at the spinning fan 

Mon, 12/29/2014 - 21:15 | 5603481 Wile-E-Coyote
Wile-E-Coyote's picture

Just keep buying physical, fuck em.

Mon, 12/29/2014 - 22:38 | 5603801 f16hoser
f16hoser's picture

So, how much is in Ft Knox? (Hint: not what they say their is)

Tue, 12/30/2014 - 00:07 | 5604086 pgroup
pgroup's picture

Your avatar is gold to most guys.

Tue, 12/30/2014 - 00:08 | 5604093 SAT 800
SAT 800's picture

It's probably just an innocent co-incidence.

Mon, 12/29/2014 - 18:25 | 5602936 JPMorgan
JPMorgan's picture

Don't want the gold? a barbaric relic? well that's fine we know some people and countries that will happily take the physical from you.

Mon, 12/29/2014 - 18:27 | 5602937 knukles
knukles's picture

Maybe they decided to put back into the WTC vault?

http://911research.wtc7.net/wtc/evidence/gold.html

See, I remember.

Mon, 12/29/2014 - 18:47 | 5603040 ejmoosa
ejmoosa's picture

Maybe we can get John McClane to check on this for us....

He's got some experience with this issue.

Mon, 12/29/2014 - 19:43 | 5603203 The man with po...
The man with pointy horns's picture

Why did zee Germans get their greedy mits on it?

Mon, 12/29/2014 - 18:27 | 5602938 Arius
Arius's picture

does it matter?

and why?

Mon, 12/29/2014 - 18:38 | 5602970 kaiserhoff
kaiserhoff's picture

It matters because:

  they can't hide the shortage of physical gold forever, and

  there are so few investments left that make any sense at all,

    Because the Fed.

Mon, 12/29/2014 - 18:43 | 5603005 nope-1004
nope-1004's picture

Gold is NOT an investment.  The banking community and US fed has turned it into an ETF/investment/futures POS so that people lose sight of what it really is.  Make no mistake, other nations know what gold really is.  Gold is the only real money on earth that:

has outlasted generations;

has outlasted civilizations;

has outlasted wars;

outlives political malfeasance;

does not discriminate by color, race, or creed;

has no borders;

can not be duplicated by central bankers;

is recognized globally;

is demonized by the Feral Reserve to support the petro dollar.

 

The US dollar may have one of the above traits, but gold has it beat in every other department.

Gold certainly is NOT an investment.

Mon, 12/29/2014 - 18:49 | 5603052 kaiserhoff
kaiserhoff's picture

Hmmmm.  Nope. 

If gold were money, you would be willing to spend it, and you won't.  Neither will I.  Remember Gresham's Law, bad money drives out the good.  As long as we have fiat, we will all spend the juden confetti, and hoard PMs as we should.

Now gold can and should be the backing FOR a real currency, but that would take all the fun and criminality out of Central Banking.  As to investments, that's a more personal choice.  For me Land and PMs are the ultimate investment, and will stay in the family as long as I have some control. 

Mon, 12/29/2014 - 19:03 | 5603095 I MISS KUDLOW
I MISS KUDLOW's picture

I have learned in this crisis from the Bernanke that gold and treasury bonds are ASSETS not money

 

and dont forget a little traditon

Mon, 12/29/2014 - 20:20 | 5603241 nope-1004
nope-1004's picture

Well of course you can't spend your gold or silver, because the US FED has outlawed it.  And that's precisely why instruments are available to "invest" in it, so that you don't recognize it's historic relevance and true power.

Go to India, China, Brazil, or the ME and offer someone the choice between physical gold or silver and a GLD certificate, and see what happens.  lol.

 

Mon, 12/29/2014 - 20:39 | 5603357 DaveyJones
DaveyJones's picture

Confusing money with currency

Mon, 12/29/2014 - 18:50 | 5603059 Bay of Pigs
Bay of Pigs's picture

You can argue that silver is money too. May also explain why the Morgue could possibly have 300M ounces of physical now.

http://www.silverseek.com/commentary/perfect-crime-13944

Mon, 12/29/2014 - 19:06 | 5603103 kaiserhoff
kaiserhoff's picture

Sure you can, but money is, by definition, a medium of exchange.

Get a lot of silver dollars in change, do you?  If so, I want to live in your hood;)

Mon, 12/29/2014 - 19:48 | 5603212 Bay of Pigs
Bay of Pigs's picture

Good article with PCR and Dave Kranzler,

"Historically, the role of gold and silver has been to function as a means of exchange and a store of wealth during periods of economic and political turmoil. Since the bullion bull market began in late 2000, It rose almost non-stop until March 2008, ahead of the Great Financial Crisis, which started with the collapse of Bear Stearns. When Bear Stearns collapsed, gold was taken down over the course of the next 7 months from $1035 to $680, or 34%; silver from $21 to $8, or 62%. The most violent takedown occurred as Lehman collapsed and Goldman Sachs was about to collapse. This takedown occurred during a period of time when gold should have been going parabolic in price. The price of gold finally took off in late October 2008 from $680 to $1900 while the Government and the Fed were busy printing money to bail out the banks. While the price of gold rose nearly 300% from late 2008 to September 2011, the U.S. dollar lost over 17% of its value, falling from 89 on the dollar index to 73.50."

http://www.paulcraigroberts.org/2014/12/22/lawless-manipulation-bullion-...

 

Mon, 12/29/2014 - 22:18 | 5603708 WmMcK
WmMcK's picture

I exchange silver for fresh produce at the (now indoor) farmer's market.  I want to make more friends in my 'hood.

Mon, 12/29/2014 - 19:53 | 5603225 Chupacabra-322
Chupacabra-322's picture

@ nope-1004,

Gold build Nations. Silver is a Gentleman's Currency.

Mon, 12/29/2014 - 20:05 | 5603262 nope-1004
nope-1004's picture

+1.  And the US dollar is a military weapon.  Sanctions, SWIFT, derivatives, Treasuries, and FOREX are all tools to control the world.

Nothing will change until a new system arrives and wipes the slate clean, ending the financial repression of BILLIONS of souls.

Mon, 12/29/2014 - 20:17 | 5603292 Chupacabra-322
Chupacabra-322's picture

Posted the following on another Thread. Worth re posting.

Copy & Paste and begin educating others. For starters "We" collectively must begin starving the Beast. Peaceful Non Compliance / Non Participation into the Criminal Fraud UNITED STATES, CORP. INC. System of Debt Bondage & Enslavement.

UNITED STATES OF AMERICA, INC.
Non-profit Delaware Corporation
Incorporation Date: 4/19/89
File No. 2193946

The corporation is registered in the state of Delaware.

STOP CONSENTING (Black's Laws Dictionary) either by Silence or Contracting with the Criminal Fraud.

-Stop paying Taxes.
-Stop buying their GMO Poison. Fast foods, sodas, Sucralose etc...
-Take your $ out of the Criminal TBTFBANKSTERS CIA drug money laundering Banks & transfer it to your Local Credit Union,
-Buy Local.
-Stop Voting or revoke your voters registration cards.
-Stay out of their Criminal Fraud Maritime / Admiralty Courts.
-Stop Contracting (CONSENT) via signature with the State.
-Educate, educate, educate.
-Home School. Stop the Indoctrination.

And, most importantly.

It's been proven time & time again on ZH the markets are manipulated. It's one huge Global Ponzi Scheme.

-Cash out. It's eventually going to collapse. Cripple the Criminal Fraud System as much as it's Crippled you.

-Store your wealth. Purchase food, precious metals, barter items. You'll need them.

-Have a Barter Skill. Mine is Physical Therapy.

Mon, 12/29/2014 - 18:25 | 5602940 Greenspazm
Greenspazm's picture

"We have 8300 tonnes of gold"
James G Ricktards

Mon, 12/29/2014 - 18:32 | 5602962 JPMorgan
JPMorgan's picture

Just a book keeping entry unless they let a third party in there to do a audit. 

Mon, 12/29/2014 - 18:44 | 5603030 stant
stant's picture

There was a tv show on history channel not to long ago about ft Knox . About the security and that there was all those tanks there a d soldiers. Well the only tanks there now are at the Patton museum. Everything's been moved to ft Benning. Just administrative stuff left at ft Knox. And last time I saw the depository it needed pressure washed and weedeated

Mon, 12/29/2014 - 18:39 | 5602984 kill switch
kill switch's picture

That's 8,300 tonnes of gold missing...Prop for FRN' and Oil...Saudis lower oil price we stick metal rod up Asad's ass....Quid pro quo...I love this shit,,,reminds me of ,,,,,,victory!! Muammar Gaddafi...Sleeps with the virgins...

Mon, 12/29/2014 - 18:28 | 5602945 ghostzapper
ghostzapper's picture

Pretty sure Merkel already has a pair.  If not she can borrow some from the First "Lady". 

Mon, 12/29/2014 - 18:32 | 5602969 zorba THE GREEK
zorba THE GREEK's picture

That wookies pair and Hillarys pair, if put in a burlap sac, could not be lifted by Atlas and Hercules combined.

Mon, 12/29/2014 - 18:27 | 5602949 Salzburg1756
Salzburg1756's picture

We should have the official answer shortly.

Official answer: we're short a lot of gold.

Mon, 12/29/2014 - 18:28 | 5602955 Uncle Sugar
Uncle Sugar's picture

Did they drop-ship Ukraine's gold directly to Germany?

Mon, 12/29/2014 - 19:52 | 5603220 jimmytorpedo
jimmytorpedo's picture

I thought they shipped Ukraines gold to the Netherlands in exchange for propping up that story of MH370 mysteriously re-appearing full of Dutch people in Europe.

Mon, 12/29/2014 - 21:04 | 5603432 Arius
Arius's picture

if true ... those dutchman didnt come cheap ... somehow, i just dont buy it.  in their eyes people's lives count as pennies

Mon, 12/29/2014 - 18:30 | 5602960 F22
F22's picture

Tyler,

Do you have any idea to whom the withdrawals from 2007-2009 on this graph went?

Thanks,

f22

Mon, 12/29/2014 - 23:47 | 5604027 Real Estate Geek
Real Estate Geek's picture

Harvey Organ tracks such movements. 

http://www.silverdoctors.com/tag/harvey-organ/

Mon, 12/29/2014 - 18:30 | 5602965 Greenspazm
Greenspazm's picture

The Dutch will lease their repatriated gold into the market (James Turk). Why not the others. The central banks are all one incestuous snake pit.

Mon, 12/29/2014 - 18:32 | 5602968 goldhedge
goldhedge's picture

Get it while you can CBs

Mon, 12/29/2014 - 18:34 | 5602979 Duc888
Duc888's picture

 

 

China forclosed on the Fed.  LOL.

Mon, 12/29/2014 - 18:36 | 5602993 Free Wary
Free Wary's picture

nope it was me

Mon, 12/29/2014 - 18:38 | 5602996 crazytechnician
crazytechnician's picture

Soon they will have a negative reserve

Mon, 12/29/2014 - 18:38 | 5602997 Theta_Burn
Theta_Burn's picture

The good news is with all that prime located vault space they could open a Starbucks for $100 per sq. ft or a trendy new restaurant called "The vault"

I only see upside for the Fed...

Mon, 12/29/2014 - 19:10 | 5603113 zorba THE GREEK
zorba THE GREEK's picture

A college dorm mate of mine opened a place called the vault. It is a vault where the very rich can bring their valuables

and store them with 24 hour access. His mother is a duPont. It's good to be the king.

Mon, 12/29/2014 - 19:54 | 5603231 Chupacabra-322
Chupacabra-322's picture

What's the Address?

Mon, 12/29/2014 - 20:05 | 5603256 zorba THE GREEK
zorba THE GREEK's picture

Greenville Delaware

Mon, 12/29/2014 - 18:38 | 5603002 jon dough
jon dough's picture

.

 

Fuck, they've got another 85 years to knock it down further, give 'em a chance.

Mon, 12/29/2014 - 18:45 | 5603009 cowdiddly
cowdiddly's picture

Quietest Bank run in history.

And the funny thing, A lot of this gold was kept with the US to keep it out of the old Soviet hands when they expanded into the satellite nations of eastern Europe. Now they want it back with a potential for a war in Europe with Russia.

Says a lot about who Europe really trusts no matter what they say publicly.

Watch what they do, not what they say.

Mon, 12/29/2014 - 18:47 | 5603042 Soul Glow
Soul Glow's picture

I feel like there is one giant pile of gold in a London church somewhere, with a Rotheschild swimming in it.

Mon, 12/29/2014 - 19:05 | 5603101 KnightTakesKing
KnightTakesKing's picture

RedShields go nowhere near churches... unless there is an alter to Lucifer.

Mon, 12/29/2014 - 19:14 | 5603120 Pure Evil
Pure Evil's picture

Are you trying to say that Scrooge McDuck was hasbara?

Mon, 12/29/2014 - 20:54 | 5603399 DaveyJones
DaveyJones's picture

Excellent point

Tue, 12/30/2014 - 05:37 | 5604438 Ghordius
Ghordius's picture

agree, but it's only part of the story

how did european gold happen to be stored in the US? was it shipped to the US? yes, but... most of it as American gold, gained against goods and services

big chunks of that gold became only "european" or just "foreign" while sitting prettily in American vaults

and the reason was: trade. specifically, trade against dollars, and then conversion to gold... without a back shipment

until French warships in NY harbour actually did start to load, and Nixon closed the conversion. and the dollar started to be our problem, and then, later, China's too

all this thing about the dollar is just that: should trade flows balance... or not? the US Congress believes it shouldn't, ever. BRICS disagree, we europeans... say it depends

Mon, 12/29/2014 - 21:24 | 5603519 layman_please
layman_please's picture

not to worry. there's nothing to repatriate. at least most of eastern europe is liberated from the shiny burden by the gracious west.

estonian case study 

Mon, 12/29/2014 - 21:27 | 5603533 layman_please
layman_please's picture

. sorry for the copy-paste. it's from my old comment as the link is not working

another story from the north-east corner of europe:

I did some research on Estonian gold reserves (or how we lost it). It’s another example how we were liberated from our gold reserves (probably by the west) after gaining the independence from Soviet Union. I also found some interesting information on bolshevik's gold.

 

Currently we are one of the countries with least gold in the world, with meager 233,9 kg.

The First Estonian Republic was established in 1918. After defeating Russian invasions during War of Independence 1918-1920, on 2nd of February 1920 Tartu Peace treaty was signed, according to which Russia was to give Estonia 15 million gold rubles for war reparations equaling 11 tons 613 kg and 510 grams in pure gold. Considering the size of the country and the population, it’s not an insignificant quantity.

For obvious reasons, it was stored for safekeeping in United Kingdom and in Swedish Kingdom. It proved to be a wise strategy as during WW2, from 1940-1944, Estonia witnessed Soviet Union military invasion and occupation following by German military invasion and occupation, ending again in Soviet occupation in 1944. As Estonia was again a battleground for two major forces during WW2, the country was in ruins and had no military might to withstand another invasion like it did after WW1. Estonia was finally annexed to Soviet Union without a shot fired. Even though Sweden and UK betrayed our trust and gave the gold to Soviet Union, after regaining our Independence in 1991, it was promised to be returned to its legal owners. The gold was given back by UK and Sweden, not by Russia. Was there a special deal that they agreed to give over the gold twice?

Estonia started the money reforms in 1992 and the gold was supposed to be collateral for our new currency, Estonian Krona, but reparation stalled and instead the currency was backed by forest (timber as a resource) which Estonia has plenty, covering 50% of its territory.

So finally when the gold returned to home, it had no use in the minds of Estonian politicians and central bankers. Only god knows where they got this idea. 3,9 tons was sold immediately, bought back within few days with higher price, and then sold again with another loss, costing us 12 million Krona’s.

State auditors were denied access to any central bank documents regarding the gold transactions. Later rest of the gold was sold to unknown buyers and there is no further knowledge about these matters.

 

Btw, bolsheviks had 1,101 million gold rubles after WW1 but because it was taken by force from citizens, aristocrats and from czar et al, exchanges were not accepting it due to the economic sanctions established by Western governments. So Estonia was quite a convenient place to launder bolshevik’s gold as it had already received large quantities with Tartu Peace Treaty repatriations.

Tallinn became one of the main windows for the bolshevik’s imports. For example, in 1920 local bolshevik representative office in Tallinn had more than 6,5 kg of stolen brilliants, sapphires, and other precious stones, while Estonian central bank, along with some commercial banks, was used to launder gold, different previous Russian state rubles, foreign currencies, and other valuables, with the exchange loss up to 40%. It was to buy anything from herring to potatoes, from scythes to gatling guns, though most of it was weaponry and other military equipment.

The commerce was so heavy that it clogged Tallinn harbour and Narva-Petrograd railroad transit capacity couldn’t meet the demand. The high concentration of gold in Tallinn attracted carpetbaggers from all across the world and thus Tallinn earned the name of ‘International Cloaca’.

All the fun came to an end in 1921 when England established temporary free trade agreement with bolshevik’s government. 

During 1920-1921 Estonia laundered at least 683,5 million gold rubles which equals 700 metric tons of gold in coins while excluding bullion. Approximately 80 million gold rubles was the commission Estonians earned on this shadow economy which was just shy of earnings on official exports during those 2 years. It also nearly equaled the sum Estonian War of Independence cost to us.

Mon, 12/29/2014 - 18:40 | 5603019 Soul Glow
Soul Glow's picture

Pretty nice accounting gimmick for everyone to have gold on the books at $42 still.  

Mon, 12/29/2014 - 18:44 | 5603031 WmMcK
WmMcK's picture

Maybe they'll monetize Ag and reset the GSR to 42?  /sarc

Mon, 12/29/2014 - 18:43 | 5603026 JonNadler
JonNadler's picture

we corzined some folks

Mon, 12/29/2014 - 19:00 | 5603093 buzzsaw99
buzzsaw99's picture

We've been polishing those German gold bars for 50 years. If Merkel takes them out there in that rain, they'll rust up on her. [/Cowboy, Kelly's Heroes]

Mon, 12/29/2014 - 19:05 | 5603102 Space Animatoltipap
Space Animatoltipap's picture

Independent audit. Independent audit. Independent audit. 

Tue, 12/30/2014 - 00:16 | 5604110 Real Estate Geek
Real Estate Geek's picture

Now that the IRS has been weaponized, I'd only trust the word of an auditor domiciled elsewhere (e.g. Dagong Global Credit Rating).

Mon, 12/29/2014 - 19:21 | 5603146 reader2010
reader2010's picture

They call it the relic of savages.

Mon, 12/29/2014 - 19:28 | 5603162 FieldingMellish
FieldingMellish's picture

Just makin' space for digital dollars.

Mon, 12/29/2014 - 19:30 | 5603164 seek
seek's picture

In other news, trust between central banks is at its lowest in the 21st century...

Mon, 12/29/2014 - 19:33 | 5603173 The Duke of New...
The Duke of New York A No.1's picture

Da Bundesbank Says;

Wie kommt es, uns dumm Deutschen nicht alle unsere Gold-zu erhalten, aber die Holländer zu über 100 Tonnen .... wir sind dumm, oder was?

Mon, 12/29/2014 - 19:40 | 5603193 Little Boomer
Little Boomer's picture

und ... es ist vorbei!

Mon, 12/29/2014 - 19:39 | 5603196 theyjustcantstop
theyjustcantstop's picture

two reasons they could be short 47 tons.

#1. gods work doesn't come cheap, and the boys out back don't accect dollars.

#2. their making comex deliveries out of the frbny.

Mon, 12/29/2014 - 19:41 | 5603200 lakecity55
lakecity55's picture

heh heh heh, the End is Near, Bitchez.

Mon, 12/29/2014 - 19:48 | 5603214 Dr. Gonzo
Dr. Gonzo's picture

If the bar has a (T) after the serial number it means tungsten core.

Mon, 12/29/2014 - 19:58 | 5603226 The man with po...
The man with pointy horns's picture

If Gold is such a worthless relic then why is it guarded with such severe security? Make no mistake, gold is the finest collateral on Earth, otherwise there would be no reason for its secure storage. But the Fed and BOE got greedy and rehypothecated it.

And outsiders won't know until a non-existing audit transpires- never. Nothing to see here folks, the gold went to the East while what is left was acquired through financial war and classic NATO intervention- Ukraine, Libya and Venezuela. Remember the Benghazi central bank for auditing Gaddafi's gold? Neither do I.

Mon, 12/29/2014 - 20:18 | 5603294 crazytechnician
crazytechnician's picture

Before gold there were sea shells. After gold there is BITCOIN !!!!!

Mon, 12/29/2014 - 20:29 | 5603329 Bay of Pigs
Bay of Pigs's picture

Bitcoin was over $900 a year ago. Around $300 now, and at yearly lows. No wonder the pumpers dont troll these threads anymore.

Tue, 12/30/2014 - 01:32 | 5604258 Soul Glow
Soul Glow's picture

It doesn't pay a dividend I don't weant it.

Mon, 12/29/2014 - 23:48 | 5604042 HYMN
HYMN's picture

I confess I don't understand Bitcoin one Bit. All I do know is it's up, it's down and then it's GONE

Mon, 12/29/2014 - 19:55 | 5603236 DerdyBulls
DerdyBulls's picture

Cant imagine why the FED wouldn't be a safe place to keep sovereign wealth. Cashing out T-Bills next?

Mon, 12/29/2014 - 20:12 | 5603271 seek
seek's picture

Unfortunately QE and currency swaps makes those figures meaningless, but they're not growing like the used to.

Mon, 12/29/2014 - 20:00 | 5603246 Confundido
Confundido's picture

The ratio of paper to physical is 110. Let there be a run against the COMEX (surely nobody will let that, but that's another issue) and the price goes beyond $100,000/oz before it stabilizes.

Mon, 12/29/2014 - 23:37 | 5604001 HYMN
HYMN's picture

Why would you say no one would allow a demand for physical. How could they stop it. When they can't produce that amount of gold they will offer to pay in paper currency. No one will accept this and the fruad will be exposed once and for all. The price will moon shot, those with gold will do well. The nations with the most gold will make the new rules and set the price. The East wins. No shots fired. McLame objects, McDonald gets to keep his web site,Rand Paul smiles,he and dear old dad have gold, Boehner pours another drink and Edurado Cruz gets to be president of Cuba and the a priest here in the states selling snake oil. Marshall law, no food,no gas,no oil,concentration camps etc.etc.etc. Ahh it is a ponderous chain.

Mon, 12/29/2014 - 20:04 | 5603253 Joe Tierney
Joe Tierney's picture

Wake me when they're withdrawing thousands of tons.....

 

Also, wake me when Merkel's marbles are bigger than BB's....

Mon, 12/29/2014 - 20:12 | 5603274 kchrisc
kchrisc's picture

The gold has, is, flowing east.

"Those with the gold make the rules. Those with the tungsten, obey."

The banksters need to repay us.

 

Led Zep is going to have to rewrite Stairway: "All that glitters is gold-plated tungsten."

Mon, 12/29/2014 - 21:38 | 5603575 Keltner Channel Surf
Keltner Channel Surf's picture

There’s a Fed Chair who’s sure
all that craters is gold,
and she’s printing a stairway to Hell

When she gets there she knows
if our stocks have been sold,
with a word she can get us to buy more

Oooh-ooh. ooh, ooh, and she’s printing a stairway to Hell

Tue, 12/30/2014 - 06:31 | 5604478 CitizenPete
CitizenPete's picture

Let me tweek it for you by replacing hell with Hades. See how the two syllables help you. Don't drink so much.

Mon, 12/29/2014 - 20:31 | 5603339 youngman
youngman's picture

I predict seveal more countries ask for thier gold back this next year...its a security trend...and a good one I think...we will see if they can produce it all....then the small fry will start asking for delivery..they will be screwed I think..the Comex and London will screw them over...

Mon, 12/29/2014 - 20:40 | 5603362 Magnum
Magnum's picture

Better go put all of your money into physical gold bullion even if it may go to $700 per oz who cares ZH runs a lot of gold stories so believe it...

Mon, 12/29/2014 - 20:56 | 5603405 Latitude25
Latitude25's picture

Let me guess.  You just returned from China and they're not buying any gold.

https://www.bullionstar.com/blog/koos-jansen/sge-withdrawals-a-whopping-...

Mon, 12/29/2014 - 21:09 | 5603457 Magnum
Magnum's picture

Well ZH favorite Martin Armstrong says a close under $1150 for the year "guarantees" gold will heat to the $700 range, and he routinely lambasts gold pumpers as fools destined to lose.

As for China yes I was in China twice recently and discovered a huge gold "Mall" in Shanghai next to their old town, which was EMPTY totally devoid of customers.  A Chinese lady business associate told me that only tghe older generation likes gold - younger people don't buy.  The whole concept that Chinese individuals earn money then rush out and guy as much gold as they can, this is a fallacy and a joke.

Mon, 12/29/2014 - 22:22 | 5603723 ljag
ljag's picture

Armstrong is an ex-felon who thinks JPMorgan was an idiot. But wasn't it JP that said only gold is money?

Tue, 12/30/2014 - 01:00 | 5604202 Soul Glow
Soul Glow's picture

Armstrong is a fuckwit.  He hasn't written a good article since 2005.

Mon, 12/29/2014 - 20:50 | 5603387 ekm1
ekm1's picture

 

 

 

Absolutely idiotic question by a stupid idiot like me:

 

Who counted the gold bars?

Mon, 12/29/2014 - 21:37 | 5603571 DerdyBulls
DerdyBulls's picture

Who tested them?

Tue, 12/30/2014 - 01:01 | 5604205 Soul Glow
Soul Glow's picture

Who saw them?

Mon, 12/29/2014 - 21:26 | 5603532 Fuku Ben
Fuku Ben's picture

For all the countries that allegedly don't want their gold back there sure seem to be an awful lot of other entities interested in accumulating at a rapid rate

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