Central banks repatriating gold?

[pmbug]

I'm sure the BoE & USA made them an offer they couldn't refuse.

 

[Fatrat]

From one Master to another...

 

[CiscoKid]

If I were Venezuela, I would feel a lot better with it sitting in US vaults than with a country who is committing suicide on behalf of the globalists.

 

[Casey Jones]

If I were Venezuela, I would feel a lot better with it sitting in US vaults than with a country who is committing suicide on behalf of the globalists.

Uh...is there a difference, today?

Have you been following the news?

 

[CiscoKid]

Uh...is there a difference, today?

Have you been following the news?

There is still a difference. We can post pretty darn freely on Telegram or X without having the police show up and imprison us for "wrongthink". And we can still fly the American flag without getting in trouble with the law.

All that is subject to change once the America-hating democrats get back in power, of course.

 

[nickndfl]

I would make the deal with Trump knowing I have half a chance. S*it is going to hit the fan soon enough.

 

[Fatrat]

As Ponce said "If you don't hold it......"

 

[pmbug]

The CME delisted "Enhanced Delivery" gold vault stock from their COMEX reporting as of September 21. That was 4,059,364.4 troy ounces or ~126.3 metric tons that just went "and ... poof! It's gone" with zero explanation as to what happened to it. In the absence of transparency, we are left to speculate and having some time this morning, that's what I've done.

It occurred to me that when a foreign nation repatriates their gold held in the USA, that gold isn't held inside the COMEX system. The Federal Reserve holds that gold in their vaults in NYC. The movement of gold when nations repatriate is opaque.

Around the beginning of this month (about 3 weeks ago), news broke that the Dutch National Bank had physically repatriated 27 metric tons of gold from the USA and Canada (exact breakdown not reported). We don't see these flows in COMEX vault reporting.

Within the last few months, several European nations have had politicians publicly call for repatriating at least part of their gold from the USA including:

Germany (still owns 1,236 metric tons in USA after repatriating 300 metric tons in 2017)
Italy (owns 1,061.5 metric tons in USA)
Spain (owns an undisclosed portion of 281 metric tons in USA)

It's not hard to imagine that the Bundesbank, Bank of Italy and/or Bank of Spain might have requested some gold repatriation without a formal requirement from their respective governments.

Suppose the Bundesbank or Bank of Italy asked for just 10% of their gold. That's more than 100 metric tons. Suppose that The Fed isn't able to deliver that gold (because the gold is encumbered or simply not there where it is supposed to be).

If the suppositions are correct, it puts a whole new light on the USA's recent custody of Venezuela's London held gold and the 4M ozt "Enhanced Delivery" enigma.

 

[Casey Jones]

It occurred to me that when a foreign nation repatriates their gold held in the USA, that gold isn't held inside the COMEX system. The Federal Reserve holds that gold in their vaults in NYC. The movement of gold when nations repatriate is opaque.

Dumb question: If the gold is owned by these sovereign players, why is COMEX even involved? Obviously, gold on the COMEX is held custodially - by the FRB or Chase or whoever is contracted.

I understand REPORTING this event to COMEX, as market information, but if it's just repatriation of gold that was owned and continues to be owned...the only issue should be, when delivery is delayed for confabulated reasons, it should raise warning signals worldwide about the security of gold stored in the USA.

 

[pmbug]

COMEX is not involved in repatriation. What I'm suggesting is the Fed might have needed that "Enhanced Delivery" gold to satisfy repatriation obligations because their vaults didn't have the allocated gold that it was supposed to have.

 

[searcher]

Salivate Metal

Will They Finally Get Their Gold Back After 6 Years?​

Oct 30, 2026 ✪ Members first on October 29, 2026 #preciousmetals #gold #silver
Venezuela is making a major push to recover $4 billion worth of gold frozen by the Bank of England for over six years. This sovereign dispute highlights the ultimate counterparty risk of holding gold in third-party vaults, paper contracts, or ETFs. In this video, we break down the latest news, the political shift in Caracas, and what physical gold and silver stackers can learn about custody, ownership, and home storage vs. offsite vaulting.


10:53

 

[pmbug]

Singapore is getting into the gold vaulting game now to compete directly with NYC & London:

The Monetary Authority of Singapore said on Tuesday it would launch ‌a vaulting service to hold bullion for foreign central banks and lower taxes on some companies in the gold market as it competes for a bigger slice of the precious metals trade.

• The gold vaulting service will hold bullion reserves on behalf of foreign central banks, international financial institutions and sovereign entities in Singapore's national currency vault, which has room for 500 metric tons
• The move comes as Singapore prepares to launch an over-the-counter gold clearing system by the end ⁠of the year
• Live trading and market operations are expected to commence by March 2027, with gold market liquidity building throughout the year, MAS said in its statement
• Separately, SGX’s physically deliverable gold ⁠kilobar futures are targeted for launch in the second quarter of 2027, the statement added
  ...

...

More:

https://www.reuters.com/world/asia-pacific/singapore-launch-gold-vault-service-foreign-central-banks-2026-11-10/

 

[pmbug]

BREAKING:

Dutch Court of Audit warns that Dutch gold reserves held abroad (NY Fed) are not audited by an ‘external accountant’

‘The Court of Audit finds that this external accountant does not accompany DNB on physical inspections of the vaults abroad. The external accountant does, however, receive a statement from the foreign central banks confirming that the Dutch gold reserves are held there. The minister himself does not know how the inspections are carried out by DNB and the external accountant.”