Is The Bank Of Spain Quietly Pulling Its Gold From Catalonia Ahead Of This Weekend's Vote?

Tyler Durden's picture

This weekend, Catalonia’s long-running push for independence from Spain could get a boost if separatists manage to secure an absolute parliamentary majority in regional elections. Here’s a brief summary via FT for those unfamiliar: 

If the independence movement has its way, the Catalan regional election on Sunday will bring [the independence process] to a dramatic climax. Should the pro-secession parties gain an absolute majority in parliament, they will press ahead with a plan to separate the prosperous region from the rest of Spain within 18 months.


Both the pro- and anti-independence sides look to Barcelona as the crucial battleground. Global tourist magnet, former Olympic host city and all-round architectural jewel, the city has traditionally been seen as an uphill climb for the independence campaign. Supporters of the union with Spain expect Barcelona and its densely populated suburbs to act as their main line of defence against the secessionist onslaught.


“What happens to Catalonia on September 27 will not depend on the independentistas. It will depend on the men and women in the metropolitan area of Barcelona who are not independentistas, and who traditionally don’t vote in the regional elections. If they vote this time, no one will be able to break Catalonia away from the rest of Spain,” Xavier García Albiol, the leader of the conservative Popular party in Catalonia, said this week.

As for how likely it is that CDC and ERC will be able to secure the 68 seats they need to move forward with independence, Citi thinks they'll ultimately come up short, but as the following graphs show, it's a close call:

Against that backdrop, we present the following with no further comment other than to ask if perhaps the Bank of Spain knows something everyone else doesn't and is preparing for every contingency.

Via VilaWeb (Google translated):

This afternoon held an unusual movement in the branch of the Bank of Spain, Barcelona, ??Catalonia Square. Over thirty armored vans were entering and leaving the building shortly after an unknown direction. Many people have the photographed. The Bank of Spain has refused to comment on the operation or indicate that it was but people working in the area have said that is not a normal deployment.


Several readers VilaWeb explained that Monday early morning was a similar deployment.




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Temporalist's picture

That is too barbarous a notion.

Jack Burton's picture

Fear mongering in Europe is off the charts again over this vote for freedom. Predictions of chaos and a failed state if the vote is Yes. Same media lies as Scotland vote. Claims all pensions will be cancelled, all public employees fired, bank closings, all industry fleeing the new state.

If it is a yes vote, then Brussels will need to punish them with vigor.

But, with millions of migrants now moving out across Africa and the Middle East, intent on getting into the EU before winter proper hits, I expect the Brussels Parliament to face bigger problems than a split in Spain.

Plus, Spain may undergo a NATO inspired Military Coup if the vote is yes. CIA is all over the ground there, and Spain's military is basically commanded by CIA agents. You see, the US wastes no time anymore. Instead of influencing militaries, they simply run them from Washington. The UK military is owned and managed from Washington, only thing the UK gets is the right to pay for the US force.

wesson's picture

sadly, it's pretty well known that if you want to decide something with Europe, you must go to Washington.

css1971's picture

Fewer sheep in Spain than Scotland.

TeaClipper's picture

And the point of Scotland leaving the Union with the UK, but staying in the European Eunion would have given them what freedom exactly? The fact is the SNP are pro Europe, and I am assuming the Catalonians are as well. They have both been bought by free money being thrown at them from Brussels, which is why the EU are totally unconcerned by their piddly little independence movements, as they know it means absolutely nothing in the grand scheme

T-NUTZ's picture

looks like a "normal deployment" to me...

casey13's picture

The country is about to fall apart and they are worried about pet rocks! /s

Thirtyseven's picture

That's the best time to worry about 'em.

NubianSundance's picture

Nah, it's just the regular Friday haul to pay Messi's wages for the week.

NoWayJose's picture

The Bank of Spain still has gold?

q99x2's picture

Gold is good.

honestann's picture

Central banks love to steal mega-tons of "barbarous relics".

Mini-Me's picture

Who is counting the votes?

fowlerja's picture

Enough of the conspiracy theories.. that's where the new gas station is located...

MoonSun's picture

Interesting events. However, as far as I know, all gold from Spanish government is stored at the Banco de España premises in Madrid, next to Plaza de Cibeles. It is not stored in Barcelona.

TeaClipper's picture

As if the European Union care about Catalonias bid for independence from Spain, anymore than they did Scotlands bid for independence from the UK. But make a bid for independence from Spain, and the EU, then see what happens to your sorry asses.

BlackSwanCrash's picture

Loomis vans-yep thats precious metals in those alright