This page has been archived and commenting is disabled.
Switzerland Wants Its Gold Back From The New York Fed
Earlier today, we reported that Germans are increasingly concerned that their gold, at over 3,400 tons a majority of which is likely stored in the vault 80 feet below street level of 33 Liberty (recently purchased by the Fed with freshly printed money at far higher than prevailing commercial real estate rates for the Downtown NY area), may be in jeopardy,and will likely soon formally inquire just how much of said gold is really held by the Fed. As it turns out, Germany is not alone: as part of the "Rettet Unser Schweizer Gold", or the “Gold Initiative”: A Swiss Initiative to Secure the Swiss National Bank’s Gold Reserves initiative, launched recently by four members of the Swiss parliament, the Swiss people should have a right to vote on 3 simple things: i) keeping the Swiss gold physically in Switzerland; ii) forbidding the SNB from selling any more of its gold reserves, and iii) the SNB has to hold at least 20% of its assets in gold. Needless the say the implications of this vote actually succeeding are comparable to the Greeks holding a referendum on whether or not to be in the Eurozone. And everyone saw how quickly G-Pap was "eliminated" within hours of making that particular threat. Yet it begs the question: how many more international grassroots outcries for if not repatriation, then at least an audit of foreign gold held by the New York Fed have to take place, before Goldman's (and New York Fed's) Bill Dudley relents? And why are the international central banks not disclosing what their people demand, if only to confirm that the gold is present and accounted for, even if it is at the Federal Reserve?
Full disclosure via the Initiative's website:
»
- 68133 reads
- Printer-friendly version
- Send to friend
- advertisements -
The Swissie is a pussy. They did not, and will not, hesitate to print their asses off when the currency strengthens. Or do ya'll have short memories? They take orders from New York. Not the other way around. Central banking is not a national pastime. Central bankers have no allegiances except to others in their cabal. EVeryone is in on the "fiat" game. Ever hear of swap lines? Besides, all of that gold was ill-gotten gain from the Nazis, drug lords and dictators. Let the NYC boys steal it fair and square if need be.
This is probably verbatim of what will happen:
http://www.youtube.com/watch?v=7GSXbgfKFWg
Just about word for word.
Smart move by Swiss and Germans...you got the fed over a barrel....now give us our gold...or step up and help us deal with this Greek euro nightmare...
Loser.....us taxpayer
US response: I think we'll keep it. Hey Russia. Germany's ready for your occupation anytime. Switzerland? You have really nice Alps and lodges up there. Be a shame if anything like a terrorist dirty bomb went off in them.
Wasn't it Venezula that demanded and received their gold from Europe a few weeks back?
Germany and Switerland better act fast before they get the "oops, the gold vanished from the safe" message.
edit - double post
Hugo Chavez was right!
'Switzerland Wants Its Gold Back From The New York Fed'. No, it doesn't. The headline is about as credible as any one headline by Joseph Goebbles. But do keep up the nice work...
They do so. And your avatar is ugly.
They want their gold back and they're talking to the NY Fed about it?
Don't they have Robert Rubin's email address?
Switzerland wants its gold back. And Cundalini wants his hand back. I think Cundalini has a better chance of getting his hand back.
In the end, there would be no point robbing other country's gold while continuing to be a net-importer. You'll have to fork over all your gold in the end...
So should we expect gold to get knocked down so if the Swiss do want repatriation, it seems like a non-event?
Why gold is a barbaric relic, one would no sooner keep track of it than one would keep track of buggy whips. What's the point? So what if it is gone? Consider yourself lucky not to be burdened by it. Silly swiss babies!
Life should be approached by asking valid and vital questions.
Hence the sage never needs the answer, as, as such, the answer comes before the question.
The Swiss and the Germans already know the fate of their Gold.
Too bad and too late she screamed.
So how long before the small-sized paper PM investors wise up and want their fictious gold and silver in non-fictious, actual bullion? When does that levee break? And when does physical delivery begin to be refused to all but the 'big players'?
(submitter cues up Zeppelin on vinyl, lower shades, pours three fingers of Jameson's and begins to stack his Eagles and Maples in the near dark)
Where's Pussy Galore when you need her?
"I want my two dollars"
http://www.youtube.com/watch?v=LdF_Vo4B6Ms
I was a paper boy in 1971. It was hard work and collecting wasn't easy. Two dollars was worth something in 1971. I separated the junk silver from the piles of change and I sold out at 50 dollars an ounce. That silver is gone, the Swiss gold is gone.
What happened to the gold in the World Trade Centre basement? Maybe it's in a land-fill somewhere. Any gold in the USA is the property of the USA.
'Any gold in the USA is the property of the USA.'
Yep, so keep on buying gold at 1,700 in order to hand it over to your betters for zero in a few years time...
Wherefore trolleth thee Rogier?
Spirited out prior to the wtc bombing/detonation/demolition.
I just don't understand it! The US government confiscates all the gold that is being held by US citizens. Then the US government renegs on its promise to foreign governments to exchange dollars for gold. And a bunch of foreign governments still trust the US government to keep their gold for them. What can they be thinking?
What can they be thinking?
About what happened to Allende?
Hold the unaccountable accountable by counting the Gold. Sounds like the beginnings of a gold standard or a war.
German and Switzerland today, Austria tomorrow. I see a trend and you can trade it.
Cash in, take the check to the bank. Buy bullion.
Germany and the Swiss
better invest
in a good tungeston detector ..
WTF, switzerland doesn't even keep their gold in their own country? i thought that is where everyone at least used to keep their gold. who would trust the NY Fed with anything, geez. Makes no sense.
i can hear Bernanke now...It was here the other day. maybe the cleaning lady moved it.
Suppose the Swiss government does something that the US government doesn't like. It refuses to pass a law forcing its banks to hand over complete financial data on all of their accounts to the US. Or maybe it refuses to extradite Roman Polanski.
The US government can then just levy a fine on the Swiss government, payable in gold which conveniently just happens to be under the "care" of the NY Fed.
Holding gold in the US opens a foreign government up to all sorts of blackmail by the US. Bringing the gold home should be a no-brainer.
smart move... getting your gold out of the country that has massive budget problems
Why do the Swiss want all that fuss and bother holding their physical 3.5 tons of gold? They can just feel secure and let funds like MFGlobal and The Startford Fund safeguard their assets.......
Germany and Switzerland's gold was lost in a terrible boating accident.
http://www.youtube.com/watch?v=e5Cp6Me26JA
good luck getting that gold back suckers
accuse the Swiss
of developing nuclear weapons....
freeze their accounts
http://www.amazon.com/I-Want-to-Invade-Switzerland/dp/B007G0PCNM
It was mexico they were really after..........
lol, what gold?
gold is king
http://www.jinrongbaike.com/
http://www.cnhedge.com/
The historic precedent does not bode very well for the Swiss. In 1938, at the end of the Spanish Civil War, the goverment, facing inminent military defeat against Franco's troops, decided to store for "safekeeping" their 500 tons of gold bullion in the Soviet Union.
Well, the gold is still in Russia.
Possession is 9/10ths of the law.
Stalin probably though the Republicans were paying for weapons in gold - some countries have to buy weapons in gold, in Britain it was called Lend Lease and Cash & Carry.
There probably is no gold. It has been melted down to make trinkets and trophies for Broad Street's finest - Gold-Man and his Made Men
I think all that gold has been safely dangling from the ears of Indian women for decades...
It's one thing for Venezuela to ask for its Gold to be repatriated. Quite another when Germany and Switzerland start making noises.
Game changer in the making and real fear being felt.
I am seeing the scene in "it's a wonderful life" at the bank run part when george bailey, (now bernanke) is saying well you got the wrong idea about this place, your gold is in pine gap, your gold the aliens took, your gold was vaporized, george bush borrowed your gold, your gold was invested in secured mortage derivatives your gold was used for this war, that war ad infinitum(etc.) now now, (bernancke sounds like george, but much shorter and balder) How much do you need to get through this? But everybody wants all their gold bank at the same time. None of that well, I'll take 14 tons..bernanke says bless you, (goldspan is uncle billy). uncle billy Give switzerland/and or germany 14 tons.. etc.. Of course at the end of the day, no two tons, left to go into the safe and no donna reed for him.
http://www.shopredwings.com/ Red Wings Jersey http://www.shopredwings.com/ Detroit Red Wing Jersey http://www.shopredwings.com/17-marian-hossa-jersey Marian Hossa Jersey http://www.shopredwings.com/14-henrik-zetterberg-jersey Henrik Zetterberg Jersey http://www.shopredwings.com/20-nicklas-lidstrom-jersey Nicklas Lidstrom Jersey http://www.shopredwings.com/21-pavel-datsyuk-jersey Pavel Datsyuk Jersey http://www.shopredwings.com/12-chris-osgood-jersey Chris Osgood Jersey http://www.shopredwings.com/13-gordie-howe-jersey Gordie Howe Jersey http://www.shopredwings.com/23-steve-yzerman-jersey Steve Yzerman Jersey http://www.shopredwings.com/16-justin-abdelkader-jersey Justin Abdelkader Jersey http://www.shopredwings.com/28-vladimir-konstantinov-jersey Vladimir Konstantinov Jersey http://www.shopredwings.com/19-mike-modano-jersey Mike Modano Jersey http://www.shopredwings.com/25-terry-sawchuk-jersey Terry Sawchuk Jersey http://www.shopredwings.com/26-tomas-holmstrom-jersey Tomas Holmstrom Jersey http://www.shopredwings.com/15-johan-franzen-jersey Johan Franzen Jersey http://www.shopredwings.com/11-chris-chelios-jersey Chris Chelios Jersey http://www.shopredwings.com/27-valtteri-filppula-jersey Valtteri Filppula Jersey http://www.shopredwings.com/24-ted-lindsay-jersey Ted Lindsay Jersey http://www.shopredwings.com/22-ruslan-salei-jersey Ruslan Salei Jersey http://www.shopredwings.com/18-mattias-ritola-jersey Mattias Ritola JerseyGucci Gucci Bags Outlet is the biggest-selling Italian brand.Will the Gucci Bags 2012 hobo be making a comeback for spring? If Gucci has anything to say about it, the answer is “yes.” Gucci Men AND Ladylike satchels and small crossbody bags have been the currency of the accessories industry for the past several seasons, so much so that Gucci Spring 2012's Gucci Sunglasses 2012 stable of chain-strapped hobos was more than a little surprising to see.Brand New Gucci Shoes Sale!2011 Style gucci outlet,60% OFF.
Borse Gucci Designer, noto per essere il migliore amico delle femmine, sono un'estensione della personalità di una donna,Gucci Borse che danno la sua classe, eleganza e senso dello stile.Il designer migliori e più recenti ispirate borse - Louis Vuitton, Gucci Sito Ufficiale di marca internazionale di design ad una frazione del costo. Sono leggeri, Louis Vuitton Borse 2012 lunga durata e unico per colore, forma e stile. Grande abbastanza da contenere tutti gli elementi essenziali, ma abbastanza piccolo per dare glamour a qualsiasi occassion - sia esso giorno o di sera!Louis Vuitton Borse Sia che preferiate elegante o casual, glamour o minimizzato, si può avere lo stile e la scelta del colore.
END THE FED, RON PAUL 2012 :) Hello from Ireland, the land of the subserviant European citizen.
+100
Wax Trax.
WTF. That was supposed to reply to Gangland's post.
Long martini's in this circus tent.