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47 Years After 1968, Bundesbank STILL Fails To Deliver A Gold Bar Number List
Submitted by Peter Boehringer, initiator of the German campaign “Repatriate our Gold”, courtesy of BullionStar
Frequent followers of the German public campaign “Repatriate our Gold“ already know how intensively we have been struggling since 2011 (and longer) with Deutsche Bundesbank to finally – after more than 50 years of external storage of Germany’s gold – get credible transparency regarding this matter. Some progress was brought about recently (2012 disclosure of the whereabouts of Germany´s gold by BuBa; 2013 partial repatriation plan announced by BuBa; 2013 and ongoing through 2015 alleged physical repatriation of approximately 200 tons to date – equaling approximately 10% of Germany’s gold abroad). But real proof and transparency is still lacking from Bundesbank’s side!
One of the oldest demands from our campaign has been (and still is!) the publication of BuBa’s gold bar number lists from all four storage locations. Lists that should have been static (i.e. unchanged) since 1968 when Germany’s gold accumulation (was) ended; a full three years before the official end of the underlying Bretton Woods system. Yesterday, October 7, 2015; a full 47 years later and after five years of our heavy lobbying against BuBa’s ridiculous “security concerns” regarding the publication of the lists, the Deutsche Bundesbank officially and finally did publish a so-called “gold bar list”. The “list-to-end-all-conspiracy-theories” was celebrated both in a BuBa press release “Bundesbank publishes gold bar list” as well as in the (naïve) mainstream media. Confer e.g. Bloomberg “Bundesbank to Doubters: Here Is Our Gold. Every. Single. Bit of It.”
This article is intended to dismiss the impression which writers from both BuBa and its “external media department” at Bloomberg are clearly and provocatively trying to give: “Bundesbank to Doubters: Here Is Our Gold. Every. Single. Bit of It. Germany’s central bank has listed all of its gold.”
For the umpteenth time in 47 years, BuBa yesterday pretended to give transparency regarding Germany’s gold – but again failed miserably. I hereby challenge both BuBa’s Mr Weidmann and Mr Thiele and Bloomberg’s Mr Lorcan Roche Kelly to either withdraw their apodictic and loud but still completely unproven propaganda statement “Here is our gold – finally do believe it you stupid gold bug nutcases!!” – or to prove their so far unfounded and factually wrong statement!
1. No bar number list was made available by Bundesbank
Firstly, I am asking journalists and interested readers to open the 2,300 page long “custodian gold holdings – bar list” document : Everybody can see at first glance that the very first column of the “gold bar” list starting on page 7 is headlined “INVENTORY number” rather than “Producer’s Bar number”. An “INVENTORY number” however is something COMPLETELY different that the “Producer’s bar number”! It is a number artificially created on paper or a plastic sticker by the respective central bank which has nothing to do / no connection with the unique producers’ bar number pressed on the bars physically by the refineries when a bar is cast! The difference is absolutely CRUCIAL in that the very point of having a REAL gold bar number list is to enable a critical global public of gold experts and independent auditors as well as us-the-people and owners of the gold to check every individual bar not only regarding its physical existence but also to detect double countings on OTHER balance sheets (from central banks, Gold-ETFs, etc.)! The artificial and highly unusual “INVENTORY bar” method Bundesbank has chosen to now publish “a gold bar list” completely fails in that respect. This list is worthless as a basis for sound, physical and worldwide auditing and counterchecking of all available global bar lists in order to detect and avoid double countings. We hereby claim that this approach by BuBa and its “sub-custodians” (Banque de France, Bank of England and Federal Reserve) was a DELIBERATE smokescreen chosen to confuse the worldwide public without providing transparency! This approach cannot be excused in any way by Bundesbank’s very “honest” fine print for the list: “The Bundesbank, the Bank of England and the Banque de France use internally assigned inventory numbers, whereby the Bank of England and the Banque de France only allow part of this internal number to be published. The gold bar list therefore only shows the last three digits for its gold bars stored at the Bank of England and the Banque de France.” This is NO industry-standard bar number list – individual bars could only be unambiguously identified if Bundesbank had provided the producer’s bar numbers as well as the name of the producing refinery as well as the year the bars have been cast! “Repatriate our gold” hereby officially demands this additional information which should be very easy for Bundesbank to publish!
2. Why and how many bars in list newer than 1968?
Secondly, we challenge the Bundesbank to explain why with almost 100% certainty the REAL bar number list as detailed under 1. would NOT exclusively consist of bars produced in the 1950s and 1960s – ending exactly in 1967 or 1968 latest. Since 1968, Germany’s gold hoard should have been completely untouched with one or two possible exceptions due to lendings on a very small scale according to BuBa’s own statements in the past. We-the-owners of the gold demand to know whether, why, and how many of Germany’s bars (if actually existent and uncompromised) are younger than 1968 in BuBa’s vaults or the vaults of our sub-custodians. And how it is possible that (according to the list released yesterday) almost all bars are of 995 or higher fineness – even though pre-1967 this fineness had been rather uncommon especially in the US. And why – since obviously LBMA-standards are now met by practically all bars in the new list – Bundesbank still chose to melt down bars allegedly repatriated from the US in 2013-2014 (thereby destroying old bar numbers) without any photo / video proof of this process?
3. Audit the Fed – and the BuBa and the Banque de France and the Bank of England
Once all of these very valid and justified questions are not only answered verbally but backed up by clear evidence (i.e. a REAL bar number list!) – the work will only have to begin: The Federal reserve has not published any information regarding a real audit in its vaults (US-gold or custodial gold) since 1953 – one might even say since the 1930s! Similar story at the BoE and BdF vaults and even in Frankfurt! “Holt unser Gold heim” / “Repatriate our Gold” continues to demand physical and external audits performed by sworn-in auditors independent from the central banks – with all detailed results publicised. In addition, we demand the acceleration of Bundesbank’s “repatriation scheme” announced in 2013 – which is way too intransparent, too slow and not ambitious enough (only 50% of Germany´s gold in Frankfurt by end-2020)!
In summary – we have to strongly dismiss Bloomberg’s completely unfounded conclusion: “Here Is The Gold. Every. Single. Bit of It. Germany’s central bank has listed all of its gold”. We call on both Bundesbank and on an independent, investigative international media to have a second and third look into the matter – and then to definitely come to a much more critical conclusion! Bloomberg’s conclusion is either ridiculously ill-founded and / or has been pre-written by the Bundesbank itself in a vain effort to finally and for good end all gold debates: “[Obviously], Bundesbank has become tired of people asking and decided to give the doubters enough [gold] data to keep them busy for a very, very long time.” Wrong and wishful thinking: The case of the whereabouts and the physical and (un-?)compromised status of Germany’s gold has NOT been closed yesterday by Deutsche Bundesbank! The work has barely begun – but without REAL bar number lists and REAL audits, it CANNOT even BEGIN in earnest. The struggle will have to continue – Bundesbank leaves no other choice to the owners of the gold. And the issue will not go away from the desks of Mr Weidmann and Mr Thiele. “We. Demand. A. Real. Bar. List. Not. Yet. Another. Paper. Trail. Without. Any. Evidence.”
Peter Boehringer is founder and president of “German Precious Metal Society” – an NGO established in 2006. He is also the most widely read writer on gold matters in German language countries, a frequent speaker on precious metal conferences and the initiator of the German and international campaign “Repatriate our Gold” which has prompted similar public campaigns for gold repatriation in more than a dozen countries. He is the author of the Book “Holt unser Gold heim” / “Repatriate our Gold”, published in 2015 in German in renowned “Finanzbuchverlag” editing house. https://www.facebook.com/Holt.unser.Gold.heim.PeterBoehringer
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It's vampire gold. It disappears when exposed to light.
History is and Gold bar inventory lists are written by the victors.
It's vampire gold. It disappears when exposed to paper crosses.
There, fixed
if they want any gold back, then my guess it's still in the ground somewhere waiting to be dug up.
The other gold has most likely travelled the world from the U.S. to Switzerland, melted into .99999 pure Chinese Kilo-bars, and shipped to China never to be seen again.
So if they want any gold then they better get to diggin'...there's gold in them thar hills!
Delay, deny, disallow and obfuscation ... tools of a Fraudster.
Germany has none of the precious metal we call ... GOLD.
No accusations from me, but those are the same inventory number sequences I used to keep track of my canned tuna. Coincidence?
>> my guess it's still in the ground somewhere waiting to be dug up.
Yep, stored on some train in a pipe underground somewhere in Poland.
What do they also say about possession...it's nine tenths of...?
"It's vampire gold. It disappears when exposed to light."
It´s worse than that. Your not even allowed to see the coffin where it´s supposed to be stored in.
Pissing into the wind. If they supplied actual numbers they would have to tell the truth. Whatever the reality truly is, it will be completely different from what they are claiming.....
Not only that, we still have the paper humping shills that try to tell us that the fraud ridden COMEX has any legitimate value to it ay all.
Nadler, Christian, Gartman, Suchecki, and even good ole Marty Armstrong. All a bunch of fuckan pathetic losers on the physical gold sector. And don't tell me how "correct" they are on "price predictions" either. A monkey could tell you exactly when gold and silver get pounded everyday now. Look at todays "price action". Comical....they don't even try to hide the manipulation anymore.
Get the refugees to count them.
I don't know about this. According to Koos Jansen, they did publish a list
Link: http://www.silverdoctors.com/bundesbank-publishes-gold-bar-list/
From your link "The list contains the bar numbers, melt or inventory numbers,"
OR Inventory numbers. That's a big OR
If you look at the actual list there are only "inventory numbers". There's also no location information or anything like that in the report. Also the inventory numbers are completely chronological as if they are all stored in one place, if they use different repositorites logic would state that the inventory numbers would be different. Either way putting out a list that could have easily been made up by an intern in a couple of days and saying "trust us" isn't proof.
Ooooohhhh... you meant BAR numbers!
Give us another 50 years.
Certainly they should be able to provide receipt of delivery, proof of storage, assays, how about even a picture? Surely a repository storing gold for a world power wouldn't have a problem snapping a photo of the gold.
This spreadsheet is about as authentic as Obama's birth certificate. Anyone could have made this in excel in a week.
With the Use of Common core math, trust us its all there.
Unfortunately for Germany their gold is long gone. Everyone knows it but few will admit it.
where did it go? Well to quote a former Secretary of State "What difference – at this point, what difference does it make?" -HRC
Just imagine the real price discovery that would take place if the real truth about gold and silver were known.
200 tons... 200 million euro's... If they really wanted the gold they would have bought new gold on the open market.
So they're a fraud and fully involved in the scam.
200 million is nothing for Germany, is about 2 euro's per citizen.
But allow us to be angry being cheated.
Point taken. Still, 1 metric ton is 32150.7 troy oz ... so figure is around 6.5 billion euro.
My Bad :)
Uhmm, because there is no gold.
Remind me again why Blockchain is a useless and silly invention that has no future.
The international banksters spent centuries containing that gold. They aren't going to give it up for the asking.
And its been two weeks in Poland...did they find the train....I could dig a very big hole in that amount of time...
They believe it is booby trapped. Digging with soup spoons and hurt locker gear.
Where did Ukraine's gold go? Anyone find that out yet?
These mother fuckers sure are shady when dealing with a "barbarous relic" no one cares about.
The Real Reason Belgium Sold 1,098 Tonnes Of Gold - Koos Jansen
http://thenewsdoctors.com/?p=517680
I read the report yesterday. How the hell do you track a Melt Number?
You stand back a bit, point and mumble.
Duplicate post, ads make this site difficult.
Adblock cures what ails ya
https://www.youtube.com/watch?v=AYrpROr9Gmk
says it all...
A bar list is not a real audit.
A real audit is the inspection of the collection by a disinterested third party, documentation of the physical characteristics to prevent duplicate counting, and random essaying to ensure fineness.
I sympathize with the dismay in discovering that bankers re-hypothecation and fractional-reserving of items deposited with them is not limited to fungible financial assets but also to physical commodities - where, as ought to be obvious - a copy MAY NOT be as good as the original.
But it is time to get over that fact, but rather to accept that it is so and then act appropriately.
When you give a banker custody of anything for 'storage', do not expect it to be stored.
Expect it to be sold off the back loading dock and replaced with an 'IOU'. Because that is banker's business plan. Their 'vault' is simply creative advertising.
The best you can expect from such an arrangement - which is to say an arrangement with bankers - is to have your items replaced with items of similar character with, perhaps, an additional percentage to you for bearing the risk of losing your items.
The more probable is the partial or total loss of your item, WHILE AT THE SAME TIME it earns those same bankers a profit.
Because that is what banking is all about.
Doubt me?
Then why is a 'flexible currency' needed at all, if not to allow bankers who have sold their depositor's belongings off the back dock to renumerate said depositor with FLEXIBLY CREATED currency rather than go into bankrupcy????
And by the way...please take note the the FLEXIBLY EXPANDED currency in that latter example will have the effect of making the currency held by all depositors smaller or 'inflated' in the same way that a loaf of bread cut into more slices results in each slice being smaller.
So even if your money is nominally returned. It will absolutely, and absolutely intentionally, be less upon withdrawal from the bank than it was upon deposit...if you get it.
And please note that NIRP means you will not get it all back.