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Since 2014 Foreign Central Banks Have Withdrawn 246 Tons Of Gold From The NY Fed
First it was Germany who redeemed 120 tons of physical gold in 2014; then it was the Netherlands who "secretly" redomiciled 122 tons of gold; then this past May, we learned that Austria would be the third "core" European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.
In short, beginning in 2014 and continuing through today, the gold "bleeding "from the vault located 90 feet below street level at 33 Liberty Street (and which may or may not be connected by a tunnel to the JPM gold vault located just across the street at 1 Chase Manhattan Plaza) has continued. As the chart below shows, while central banks assure the population that there is nothing to worry about when it comes to paper money, and in fact it is the evil ISIS terrorists who plot and scheme to crush the benevolent Fed with their terroristy "gold dinars" and if not that then their made in Hollywood propaganda movies, they have been quietly pulling gold from the biggest centralized depository of global gold in the world: the New York Federal Reserve.
According to the latest just released monthly update of foreign official assets held in custody at the NY Fed, in July the total holdings of foreign earmarked, i.e., physical, gold declined to just over $8 billion when evaluated at the legacy "price" of $42.22 per ounce. In ton terms, this means that after declining below 6000 tons in January, for the first time since FDR's infamous gold confiscation spree, the total physical gold held at the NY Fed dropped another 9.6 tons in July, down to 5,950 tons.
This is the lowest amount of gold held by the NY Fed in custody in decades, is the 18th consecutive month of flat or declining gold, and when added to previous outflows, amounts to 192 tons of gold withdrawn in the past 12 months, and a whopping 246 tons pulled since the start of 2014.
Indicatively, during the last crisis period, starting in March 2007 and lasting through November 2008, foreign central banks withdrew gold for a total of 20 out of 21 consecutive months, repatriating a grand total of 409 tons of gold. The last period of peak redemption culminated with the failure of Lehman in September 2008, the near failure of AIG in October and November 2008, coupled with the Fed's bailout of the western financial system.
If past is prologue, one should ask: what current or future event is driving the ongoing redemption of gold from the NY Fed this time?
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You mean 246 tonnes of Gold-plated Tungsten.
There, I fixed your article.
Now, back to my corn whiskey.
GOOD! Get those barbarous relics outta here!
sarc off//
that vault makes a good private elevator (with private entry/exit as a bonus)
GOOD! Get those barbarous relics outta here!
+1. The other central banks didn't want to be barbarous, so they paid the Fed to store their gold. Now they are getting back in touch with their barbarism, and want their gold back.
246 tonnes... man, that is one heavy paper weight.
...it's also known as "3-4 weeks of SGE withdrawals."
Gold is not difficult to verify.
To imply otherwise is fiat bankster propaganda.
True, ultrasound is very definite. The weight is similar to tungsten but ultrasound is very different.
If they melt it down like China does, there is no way to hide the fake.
@Serfs up. You beat me to that remark. And if there is still so much of the barbarous relic just sitting there gathering dust, why can't Germany get back the remainder of the 300 Tonnes it requested (Representing in total about 5-6 weeks of average SGE physical offtake)? Two 747 freigters could get the balance out in a single day and I'm sure that Lufthansa would be delighted to assist.
If there is 5,950 tons at the NY Fed I'll blow Janet Yellen
Most of the Fed gold is almost certainly at the Offutt Air Force base in Omaha, Nebraska, where it is safely stored in a hardened bunker, packed in air transport crates. The Fed's Wall Street gold vaults are a prime target for a near-neutron type bomb.
http://www.prisonplanet.com/analysis_louise_052603_buffett.html
It has been said that the location of a nation's gold (gee, what nation might that be...?), is more important than its nuclear launch codes. The irony...
You can get anything you want at Jack Ma's restaurant.
http://www.alibaba.com/product-detail/2015-New-Products-1-OZ-24k_6023554...
Mn, those Chinks will do knock offs of anything.
Next it will be "Dinky" toy cars.
Anyting?
22winmag, Sorry I can't hang with ya this morning, call me a lightweight.
The news itself, has my head spinning more that my last quart of rum did...
"Gold and gold receivables"
Foreign Central Banks must be terrisits!
Only?
Moneychanger in chief Bernanke said gold was just a tradition.......hang um all.
Those fancy bars on the charts are unaudited bookkeeping entries and probably as reliable as the CRIMEX reports.
You mean the trust is gone? I am shocked. No, not really. FED vaults full of someone else's goods? Not for much longer.
If I felt a financial crisis coming on I am sure I would grad any real assets. Paper assets are future toilet paper, no?
In the past, those that defended, rather than ran, keep their assets, generally.
Bigger point: from 2008 to 2014, 6 years of crisis lead to this action from 3 or more nations who are within the fold.
1. USA is not on any map after the Apocalypse
2. NATO depends on this kind of financial & currency stability
3. Europe is now under sanctions which turn up the economic misery index (they may have been informed before hand of NATO war moves on Ukraine/Russia)
4. 2008 Marked Forever a point in history in which banking in the West was tainted by the USA who proved to be not conservative at all... and in the after math did not correct Banking weakness or Banking vulnerabilities... but who only served the Banking Elite or Wealthy Elite Schemes
5. Who knows what Schemes lurk in the hearts of men... coming again to a theater near you in the near future
Central banks only have fiat. Shits worthless and so are they.
turning music into gold https://www.youtube.com/watch?v=xVUtpUdY3Uo
Simple
There are 7 billion people
Lots are getting married, sometimes more than once
They need gold wedding bands. Women love gold necklaces and jewelry. Some people prefer gold fillings in their teeth. What about time pieces and ultra expensive smart phones?
For people like Trump et al, we need gold for bathroom faucets, gold decorations for cars and homes.
Religions love gold candle sticks and chalices.
Gold is also a good conductor.
Then there are the people who need to horde gold.
Some places like to issue gold coin.
Why have it all in a vault in New York when there is a demand for the stuff?
The only thing we have to FEAR is FEAR itself.
Well it is Systemic Politics:
1. Everything is sex
2. Communism is Targeted by both Politicians, Wealthy Elite, & Monarchies as they have been prime targets of the Socialist Movement
3. It is always Politics all the time
4. Rich people don't care about politics or appearances, but through banks & government officials the have you convinced this is the system... but actually the just don't want exposure to their own extra-Christian activities
5. The Rich divide the population and scheme to slant politics... normal crony capitalist actions...
Color me skeptical, but I'm not quite sanguine with the terms 'whopping' and '246 tons' and 18 months since the beginning of 2014, qualifying as anything concerning, one way or another. Now, if we were talking about a single nation acquiring 1000 tonnes in a quarter - or even a year let's say, now we'd be getting somewhere. Hey - isn't there some 'currency manipulating', cause-of-all-global-economic-troubles nation out there somewhere sneakily doing just that...? Oh my.
Where is the long waited Audit the tungsten bill...hmm.. but my guess...it's going to be deautche bank in trouble this time... Frankfurt whale
And the reason 246 tons of gold has been withdrawn? It is all they'd let them have.
Or, even more frightning,....
its all they had to give.
Squid
Because, throughout history; only physical gold is money.
Everything else is just a coat check stub.
duplicate, stutter, forgotten gold.
Better check it all for Zion-Gold, tungsten.
Zion is a scheme, not an ethnicity.
They want their pet rocks to come home.
But didn't the lawyers say the FED doesn't "own" any gold?
Listen carefully to how it is described America and you should be able to see a simple way out of your current dilemma.
https://www.youtube.com/watch?v=GkTNaWUpH04#t=1m47s
Own gold? Go from "something wrong with you" to terrorist in just 4 short years
https://www.youtube.com/watch?v=GkTNaWUpH04#t=2m59s
"The last period of peak redemption culminated with the failure of Lehman in September 2008, the near failure of AIG in October and November 2008, coupled with the Fed's bailout of the western financial system. "
- Is this one of the most useful statements of the 2008 Crisis????
Gold simply flows to where it's understood and appreciated.
Unfortunately, where it flowed from ends up with diminished power.
REAL MONEY (PET ROCKS) Vs (PET PAPER)
…”One that does not bear the mark of any particular country”…I like that General de Gualle.
He was responsible for calling Nixon’s bluff and repatriating France’s GOLD.
He started this (repatriation) back in the 1960's and "THEY" are still finding ways to keep this S*** (WWPPS)_ World Wide Paper Ponzi Scheme going._JOHNLGALT. Who is John Galt?
Dollah is now backed by Cabals PAINtings
Gold and other PM, just like paper cash is worthless if there is not counter-party risk allowing for rehypothecation, and as a basis for fractional reserve credit (new debt) creation. If financial services tied into the FED system or markets (or the FED banking system itself) has no direct access to the PM and paper cash of the masses then how can the economy and "our way of life" survive? Corrupted government crooks, the deep state, the banks, and their henchmen (ISIS, Cheney, McCain, et. al.) can more easily serve the interests of PNAC, AIPAC, and other power elite if they have control of the monetary system. The more control the better. Domination of Eurasia is at stake -- think about those dirty Russians trying to maintain their sovereignty (the swine). Imagine the trillions held in cash and gold by misguided Austrian minded savers in America and around the world. Time to capture the gold/PM,(even if it first has to be crushed along with other commodity prices to make it worth less), and it is time to ban cash (even if all cash purchases need to be taxed or continually debased). Insert a damn RFID chip into everyone's left eyebrow and digitally track every transaction with minute detail. Only then can you truly be free to live in a free market and it is un-American and anti-(crony)capitalistic to believe differently.
Did I get that all correct?
http://demonocracy.info/infographics/world/gold/gold.html