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Gold In Fed Vault Drops Under 6,000 Tons For The First Time, After 10th Consecutive Month Of Redemptions
Two months ago, when looking at the most recent physical gold withdrawal numbers reported by the Fed, we observed something peculiar: between the publicly reported surprise redemption by the Netherlands (122 tons) and the just as surprise redemption by the Bundesbank (85 tons), at least 207 tons of gold should have vacated the NY Fed's gold vault. Instead, the Fed reported that in all of 2014 "only" 177 tons of gold were shipped out of the massive gold vault located 90 feet below 33 Liberty Street. Somehow the delta between what we "shipped" and what was "received" in the past year was a whopping 30 tons, or about 15% of the total - a gap that is big enough to make even China's outright fraudulent trade numbers seems sterling by comparison.
This prompted us to ask:
"what happened? Did an intern input the Fed's gold redemptions figures for December, supposedly a different intern than the one who works at the IMF and who caused a stir earlier this week when the IMF, allegedly erroneously, reported that the Dutch - after secretly repatriating 122 tons of gold - had also bought 10 tons of gold in the open market for the first time in nearly a decade.
Or perhaps some "other" bank, central or commercial, decided to offset the redemptions by the Netherlands and Germany, and inexplicably added 30 tons of gold in December? The question then becomes: "who" deposited said gold, especially when one considers that even the adjoining JPM vault which is allegedly connected to the NY Fed by a tunnel, only contains some 740K ounces of gold, or about 23 tonnes.
Or is it simply that when it comes to accurately reporting the flows of physical gold, classical math is incapable of keeping track of the New Normal gold moves, and the Fed has decided that even when dealing with physical gold there is a "settlement" period?
We still don't know the answer, and while the Fed has not revised its vault gold data, one thing is clear: the slow, stealthy and steady withdrawal of gold from the NY Fed continues.
According to the most recent earmarked gold data reported by the Fed, in the month of February another 10 tons of gold departed the NY Fed, following 20 tons in the month before - the tenth consecutive month of redemptions - which if one assumes is merely the delayed relocation of gold previously demanded for delivery, has crossed the Atlantic and is now to be found in Frankfurt.
This means that after 177 tons of gold were withdrawn in 2014 - the largest year of gold redemptions since 2008 when 230 tons of gold departed the NY Fed vault - another 30 tons of parked gold has been recalled to their native lands so far in 2015.
This also means that for the first time in the 21st century the total gold tonnage held at the NY Fed is now under 6000 tons, or 5,989.5 to be precise.
But most importantly it means that all of the 207 tons in Dutch and German withdrawals are now accounted for with a matched and offsetting "departure" at the Fed. Which is why the next monthly update of the Fed's earmarked gold will be especially interesting: if March data shows that the withdrawals continue, it will mean that either Germany, or some other sovereign, has continued to redeem their gold which for some reason they no longer trust is safe lying nearly 100 feet below street level on the Manhattan bedrock.
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Luciferians
So it was already under 6000
6,000,000 [ah ~ whose counting anyway]?
Betcha it was leased out to more parties than an ingot of Chinese aluminum!
pods
QUERY : WHY US BANK KEEPS FOREIGN GOLD ? RESPECTIVE NATIONS SHOULD HOLD THEIR GOLD METAL .
The only thing that those of us who live in the real world are concerned about is what happens with the vault of Satoshi the Great.
I took an additional 101 tons to be MORE precise.
This is like asking the fox to tell you how many chickens are really in the coop.
Good analogy..............
And this data is believable, because..................................
They dont have anything.
The hypnotic echo of "Ill gladly pay you for a cheeseburger next tuesday" will echo for eternity in those empty vaults FOR ALL ETERNITY......ahahahahahahaha evil laugh.
Heres a fun question.
How much money does a government have?
Id say about as much as they can steal with a gun you bought them.
RIPS
There's more movement in a 100 year old dick than in BTC right now.
FLATLINE
This makes me moderately concerned for the well being of those living in Manhattan.
What could nefarious forces do to prevent / halt / delay / or otherwise interfere with withdrawals of additional gold reserves?
That's fine with we. BTC is where it needs to be on March 31, 2015.
I'm more concerned over your mental state.. Please have a seat on the couch .
You know that leads to you stabbing yourself in the back, the doc who would'nt take his own meds.
Anyone else wonder if the real reason why Obama outlawed incandescent light bulbs is that he was told by the banksters that they needed to get their hands on a lot of tungsten really soon?
"QUERY : WHY US BANK KEEPS FOREIGN GOLD ?"
The US made said countries an offer they could not refuse.
it was a hedge against physical invasion. mostly european countries that feared USSR invading and stealing their gold. It was safer to keep it in NYC. Then. Now; not such a safe choice
The number can be anything they want it to be.
what's a half a percentage point among friends?
The odd thing is that the total number of gold bars probably hasn't changed at all.
Under 6000? Does that figure include the Gold stolen from Ukraine & Lybia?
6,000 less the 1,538 that is Germanys
www.mining.com/bubba-explains-why-the-us-only-gave-germany-back-5-tonnes...
is 4,470 tons
LESS any other gold the Fed is holding for other countries
I think the answer is super simple. they replaced the real gold with IOU's.
Those IOU's are as good as gold!
https://www.youtube.com/watch?v=kO0uXmwxTNI
<---Gold down < $5.00 on the news
<---Gold down > $500.00 on the news
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.nettrader2.com
*cough*AIIB
What is this? Tuesday humor?
Gold in the Fed vault.....LMFAO
Think of all the 'tradition' that's leaving the fed...
Don't forget the barbarism...wait, that'll never leave the Fed.
they just move it in to the JP Morgan Vault! They are just starting the we are running out of gold hype....heard it this morning. Gold up!
Tradition.
Not to worry, it's paper gold is still valued in the trilions
who believes one word coming out of the FED??
Charlie Munger said, "if you buy gold, store it, and protect it, you're a JERK." I guess his own government, the one that enabled his crony capitalist ways, is a "jerk".
Way to talk nice about those that padded your existence, Charles.
The attempts of TPTB to paint their enemies as "gold bug extremists" is undone when you realize they are against people owning ANY amount of PMs ever.
I recently read a blog post advocating that mining stocks gave all the gold exposure you could want, but only a maniac would own the end product.
Now which group sounds like an extremist to you? The one that wants some percent of investible assets in gold or the one will not under ANY circumstances tolerate ANY investment? Which group seems like it doesn't want you looking behind the curtain?
+1
Part of me has always wondered if the recent take down in oil has been a result of the Fed officials reading SRS Rocco and his EROI theory in PM's. lmao.
"Charlie made me millions of dollars. He can call me anything he wants." -TPTB
Charlie would have been a natural on the Adams Family. No wait, too scary. They picked Lurch instead.
Supply and demand? How very '70s.
This has got to be interesting on the inside. You just know the Fed desperately wants to lie about this, but the other CBs are watching and doing the math.
I wonder how far the withdrawls can go before something breaks or the Fed runs out of privately aquired gold it's substituting. Have to hand it to the other CBs, though, they have the sense to get their gold back and can acquire more with Fed-driven discount prices. Win-win for them.
They'll just print some more.
yeah, and Bloomberg recently posted an article showing the US to have the largest Gold reserves????
i doubt they have the 6,000 tons fucking Sociopaths....
DEATH TO THE MONEYCHANGERS.
ps: and also thanks for the discounts u fucking assholes......
Yeah I had to dig a bigger hole to plant mine too, and I ain't a big guy.
I believe it was Koos Jansen who first covered the move inside the European banking system to move from stating gold and gold receivables as one line item to instead describing gold "in the vault" or allocated vs leased gold. The data he had only went back to early 2014 or something
https://www.bullionstar.com/blogs/koos-jansen/eurosystem-is-increasing-i...
Peeps be quietly repatriating....
Thanks to Koos Jansen.... but not quite accurate. Frank Veneroso, Reg Howe, GATA and others started looking into that in the mid to late 1990's.
They were right about leases and swaps then, and they are right about it now. The physical gold is long gone. Only the paper promises abound.
Bay,
I didn't mean that Koos was the first to cover the leasing, but that he was first to cover the Euro banks quietly moving their unallocated gold to allocated.
Maybe I misinterpret what Koos' article means but it seems like these banks, after years of simply ignoring or laughing in the faces of the GATAs of the world are changing gears but doing so very quietly.
Sometimes I think the people who work for these central banks really aren't any brighter than typical bureaucrats. They genuinely don't see a competition between themselves and the "weirdo gold bugs" that they must by now realize they are on the wrong side of. They are simply following orders in their own minds I bet.
Indeed Bay. And the truth is known by the way that some well known bloggers ridicule and attempt to marginalize GATA, in the face of documented evidence that simply asks to be considered. Never understood that. All I have been able to deduce is that touching the '3rd rail' of conspiracy Fact, is simply too much of a threat to the order of things the way they are. Truth is too upsetting.
I met Chris Powell and Bill Murphy in the late 1990's. Bill is a unique fellow and a bit over the top but Chris Powell is the real deal. Straightforward, smart and honest. I think he knows more about gold manipulation and suppression than anyone else I've ever met or read about. I think think he decribes the big picture very well and has been proven correct more times than not.
On the flip side, guys like Jon Nadler , Dennis Gartman, and Jeff Christian have been proven to be loudmouthed buffoons and bankster loving stooges when it comes to understanding what is going on in the gold and silver markets (and all markets for that matter).
6000 tons of paper futures contracts - that's alot of trees
Didn’t America say it had 8500 tons?
Thats almost 30% now!
Thank god the dollar is only backed by pipedreams... imagine that gold actually mattered like it does in rest of the world...
You are assuming all America's gold is in the Fed vault. There's gold from everyone else and then there's America's gold. They don't advertise the location.
Read the title of the graph.
This is foreign gold held by the NY FED.
Not the barbarous Ft Knox tungsten bars.
NY Fed does NOT = America
Another fluff piece.......WHat weighs more, a LB of Gold or a LB of feathers?
A duck! If... she.. weighs the same as a duck, she's made of wood. And therefore--?
Who is John Galt?
LOL, and the price in dollars is what it is...
Again, there is now officially absolutely no price discovery.
There is somewhere - perhaps when some tramp freigter crawls into a port in India.
Actually, they made a small error. They have 6000 ounces now, not 6000 tons. Minor detail of course, and of no consequences since gold is a "barbaric relic". And now each ounce of physical gold they have in their vaults is "owned" by roughly 80,000 parties. AUsterity.
Or maby 6,000 grams.
Don't lie now, it's gets repetative.
Invasion of gold rich Venezuela for WMD possession in 3..2..
The banksters need to repay us.
The worldwide symbol for Zion should be the Klein bottle.
https://pbmo.files.wordpress.com/2010/12/klein-bottle.jpg
How much gold is the US supposed to have? 8,000+ tons? I'd give them maybe 1,000. They've been selling it into the market for so long to hold down the price of gold that it's a wonder they have anything.
Why else would they be so obvious rushing in on a regime change to scoop up the gold of the country they've just toppled? First Iraq and then Libya and most recently Ukraine. They're absolutely desperate.
"Barbarous relic" but only if YOU are thinking of buying.
A de facto gold standard in practice! What are you all yanking about?
I don't think so - I doubt an ounce of physical gold has left the treasury's hands. Plenty of gold has been loaned out and sold on paper. When push comes to shove that will be settled in cash. It's a naked short - and it will remain in place until the collapse of the dollar, because it's the last line of defense for the fiat currency system.
Interesting.
Take a look at the gold price in January & Feb -- nearly 1300 when 20 ton withdrawals are happening. Could that be price movement from the Fed covering on the open market in order to return said gold?
Probably not considering there is no real price discovery.
When comparing the chart with 2007-2008 time frame, the market crash should begin right about now.
Common sense and logic says that self reporting of unaudited gold holdings by the FED, that itself is above the law and can not be audited by congress, is unlikely to have a truthful self reporting. The US unincumbered gold holdings may be trivial.
BEARISH.
FED going to take gold so low, no one will want it back.
Keep selling.
Lol yeah 'cause the Fed always knows best!
PS I junked you because you don't appear to be joking.
'Cause China
Ran into a couple guys the other day at the coffee shop. It was early and they were on their way into the back country. Turns out they had a claim and went panning. Guy says if they go really early and stay all day into the late hours, they could wash out an ounce worth. Spoiler, I don't live in NY.
in God we trust, all others pay in gold... show me the GOLD!!
What gold?
Find out it's all been sent to China.
The 6,000 tons are in a form of IOUs
There are 6000 tons of IOUs.
There, fixed it for ya.
Clearly the solution is to print more Gold.
/
They didn't move any gold to ft Benning when tanks left ft Knox
It's hard out here for a central banker.
Wow...so the last huge period of withdrawal directly preceded the Lehman crash...hmmm.....
Those holding numbers may be a good target for where the Dow is headed ultimately... after the world says NJET doll-ars
Every Somalian worth their weight in salt knows the gold has been moved to Jamie Dimon's island.
The orderly march away from the $USD by China and Russia, along with those who wish to trade - or even exist, without fear of being bombed under false pretense, is really the only factor that matters for gold now. Unless of course, U.S. foreign policy accelerates the march into a sprint - which it very well may, given the predisposition of current U.S. policy towards anyone who won't heel.
The paper gold is just paper and promises of gold in paper certificates should not be used to set the daily fix of PM . This is a continuing scandal that should not be allowed . As long as this state of affairs continues the FRAUD will go ON !
Gold In Fed Vault Drops Under 6,000 Tons For The First Time.... ya buy what 5 oz?
Sure,,,and I'm the doctor that performed the first heart transplant in south Africa. What a stupid headline...6000 tons of vapor..
Number of Tons removed from storage and number of Tons shipped help figure out the % of tungsten in each bar delivered
We/citizens don't trust our government, do you blame other countries for not trusting?
March 7, 2014
Foreign Military forces flew 30 tons of Ukrain gold to Germany. The Fed Reserve is merely cooking the books to account for safe guarding Ukrain's non existant gold.
This may be surprising, only because our lives are lived during a relatively short period when gold theft was not the norm.
Which country will be next to get bombed and their gold reserves hijacked by CIA thugs in the dead of night?
The Chinese own what used to be the JPM Vault, It is now called One Chase Manhatton. Your Gold is gone America
I have a beautiful bridge for sale....
I am in the Market for a Bridge. How much are you asking for? Can pay in Zimbabwe Dollars. Much better value than US Dollars.
I don't recall seeing it returned after Bruce Willis' pals stole it. Movie was an elaborate cover for its real theft!!
6000 tons, eh? Sounds about right. Based on my calculations of the dimensions of Scrooge McDuck's Duckburg vault filled to about a third depth. Yep...6,000 tons would be enough.
[BTW, I nominate Scrooge McDuck for next Fed chair-duck...he must be the world's premier fiscal conservative. He's held onto every cent he's ever had his hands on!!]
If the information and data freely put forth is pure, would there not be the likelihood of future visits by the FBI, IRS, DOJ, ATF and Homeland Security?