Bundesbank to Repatriate 374 Tons of Gold From Bank of France, Substantial Portion of Gold Held at t

swissaustrian

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The guy called Frank Schäffler at 1:50 is kind of a German Nigel Farage, he wants the whole gold at home and said that it should be tested for authenticity, he also talked about a gold backed currency and the question of ownership
 
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bushi

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getting Germany's gold back home might be important for the future of Eurozone as well, Rickards mentioned in "Currency Wars", that EZ as a whole has the biggest official stockpile of gold (bigger than the US). He mentions further, that although official stockpile of EZ is the biggest, but big part of it is stored in the US vaults (which, in case of extreme turmoil, might essentially lead to "you say you want your gold - come and get it! Otherwise, here's some certificates for you to confirm your share" :))

Whichever way one wants to read this development, one thing is clear: big boys do not trust each other anymore. Things could not be better than this, for the mankind, in the long run. They need to be at each other's throats, otherwise they simply destroy small people.
 

rblong2us

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Whichever way one wants to read this development, one thing is clear: big boys do not trust each other anymore. Things could not be better than this, for the mankind, in the long run. They need to be at each other's throats, otherwise they simply destroy small people.
My primary argument against a world wide conspiracy ...........

Sure they will act together in limited, self serving, short term ways but its difficult to envisage a worldwide cabal of controllers all standing shoulder to shoulder, come what may.
 

DoChenRollingBearing

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rblong2us!

Yes, that is what I believe as well. The elite is too fractured to rule us, at least for now. Too many factions with their own agendas.
 

Jetstream

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That Germany is only going to request a portion of its gold back from the Fed is quite telling to me. They are taking 100% out of France, but only a percentage from the US.

Call me a skeptic, but I think this may be a 'behind-the-scenes deal' perhaps to cover the fact that it may not all be there?
Hmmmm. No one commented on this comment I posted. And today I was proved right.

The gold is very likely NOT there. It will take the Fed SEVEN YEARS to get Germany's gold back to its rightful owner, even though Germany's claim is only for about 5% of what the Fed says they have in their vaults.
 
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rblong2us

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Hard to be certain about this Jetstream .........
Think if it was beyond doubt, there would be a lot more happening in the gold markets.

It certainly points towards there being an issue though. And Germany is only asking for some of its gold to be returned.
 

pmbug

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Jetstream- it's all speculation at this point. Probable, but not proven.
 

Jetstream

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Jetstream- it's all speculation at this point. Probable, but not proven.
Fair enough. Proven was too adamant a word. My skepticism at the beginning as to why only a percentage of Germany's gold would be requested from the Fed was "shown by the events of the following day to have been well founded."

The US can keep on dodging the call to audit their gold holdings in various places, but all that needs to happen is for several countries who have some of their gold in the USA to insist on audits of their own gold to start the domino effect and the charade will be over.
 

Jetstream

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Hard to be certain about this Jetstream .........
Think if it was beyond doubt, there would be a lot more happening in the gold markets.

It certainly points towards there being an issue though. And Germany is only asking for some of its gold to be returned.
Actually a lot is happening in the gold markets. The price suppression is going on as strongly as ever. Without the heavy-handed slamming of 2 or 3 major banks, the price would be shooting upwards.
 

Jetstream

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This post of mine was on Jan 15th.
That Germany is only going to request a portion of its gold back from the Fed is quite telling to me. They are taking 100% out of France, but only a percentage from the US.

Call me a skeptic, but I think this may be a 'behind-the-scenes deal' perhaps to cover the fact that it may not all be there?
The following comes from KWN on the 16th. (The full commentary is here)
http://kingworldnews.com/kingworldn...Years_For_Gold_To_Be_Returned_To_Germany.html


Today acclaimed money manager Stephen Leeb told King World News the reason Germany is only getting small portions of their gold sent to them over the years is because the gold is not at the Fed. Leeb also believes the United States is now running out of physical gold to sell in their price suppression scheme. Here is what Leeb had to say: “There are two main parties engaged in a battle for economic and monetary supremacy in the world. This is China vs the United States. Interestingly, at least for a period of time, both countries don’t want to see the price of gold take off.”

Stephen Leeb continues:

“The Chinese don’t want to see the price of gold take off because they still want to buy a lot of it. The Chinese took in at least 1,000 tons of gold last year, and maybe even more. This total represents Hong Kong imports plus their own production.

This year the Chinese are really going to play the game much more aggressively with these Shanghai markets that are going to have international players actively trading in them. They will also trade derivatives, and the Chinese will accumulate gold through their new ETF.

The trouble the Chinese have is their internal production of gold is becoming more difficult to maintain....

“They just can’t, like so many others, replace the gold reserves, which would then be exploited in future mining.

It’s extraordinary up to now the percentage of reserves the Chinese have been mining, up to 35% of their gold reserves. I’ve never seen any country mine that percentage of reserves for any metal. You look at the pace of their mining and you can easily conclude they are desperate for gold.

If the gold price lifts off, that poses a major threat to the US dollar. So the United States has been the leader in the gold price suppression scheme. This is why so much gold has left Western vaults. The Germans now want their gold back from the Fed.

So Germany has asked for the gold stored at the Fed to be returned to Germany. The amount of gold the US supposedly has stored for the Germans is 1,536 tons. This can certainly be shipped to Germany. Yet it’s going to take 6 or 7 years to return a small portion of the gold to Germany? Why?

They ship much more oil than gold. This is ridiculous. What do they expect? Do they expect the gold to blow up? Last I heard gold doesn’t even oxidize or even tarnish, much less blow up. Why can’t they just load it on a ship or on planes and send it? Something doesn’t add up here, Eric.

The reality here is that the German gold has been leased out and it’s not sitting in the vault. So the Fed has agreed to return very small portions of the German gold each year, which is supposedly stored at the Fed. Well, the gold isn’t there and that’s why it is going back to Germany in small portions each year.
I feel on pretty safe ground when I say my assertion has moved out of the "probable" category and entering the "proven" category.:wave:
 

bushi

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technically, it is all hearsay, but I agree with you, the probability is very very high (if not certain)
 

pmbug

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When Chavez set the wheels in motion to repatriate Venezuela's 200 tons of gold, that took over a year IIRC. There were a lot of logistics to work out. It didn't happen over night.
 

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Having relocated from Russia Today to Yahoo Finance's "Daily Ticker" program, Lauren Lyster today interviewed fund manager and "Currency Wars" author James G. Rickards about the Bundesbank's attempt to repatriate some of Germany's gold, a move Rickards considers "world historical" in importance, confirming that gold is "the real base money, high-powered money." Rickards also expects that China this year or next will announce a tripling or quadrupling of its gold reserves after acquiring the metal surreptitiously. The interview is five minutes long and can be viewed at Yahoo Finance here:

http://finance.yahoo.com/blogs/dail...patriate-gold-affect-investors-170006263.html
http://gata.org/node/12155
 

pmbug

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... The “gold conspiracy theories” have now gone mainstream with a CNBC Market Mystery segment discussing the Bundesbank’s gold repatriation over the weekend, ...

CNBC’s Guy Adami: This is a huge story in my opinion that is not a huge story now, but will be a huge story. Why is that? Because you have to ask yourself, why would Germany decide to do this? What do they see that the rest of us don’t see that requires them to physically move this gold out of lower Manhattan and obviously in Paris, as well, back to their borders? I think that’s really the question you have to ask, and the answer is, it can’t be anything good...

If you think Germany is going to be the last, they’re not. People will line up and do this. You talk about runs on banks? This could potentially be exactly that! Because if everybody wants their metal back at once, you better hope that A, that it’s there and B, that we’re able to do it!
...
More (incl. video): http://www.silverdoctors.com/cnbcs-...repatriation-could-be-start-of-gold-bank-run/
 

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I still can't believe we are sitting under 1700 after all this news.
 

white&yellow999

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The Swiss seem to be following suit. http://www.silverdoctors.com/gold-bank-run-accelerating-now-the-swiss-want-their-gold-back-all-1040-tons-of-it/

Interestingly, Switzerland has been a long time before the Germans and taken without public vertebral the topic. Circles from the People’s Party launched 16 months ago, the gold initiative. Because the project in parliament remained chance would just started as the last remaining means an initiative, the initiators said then. By referendum, they want to force the SNB to store all the gold in Switzerland and sell no single ton more. In addition to the SNB within 5 years after voting to increase their gold holdings massively so that it accounts for a fifth of the minimum in the whole balance.
 
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