GERMANY DEMANDS ITS GOLD FROM THE FED, UPDATE!

UPDATED, APRIL 25, 2015

300 TONS OF GERMAN GOLD WERE SUPPOSED TO HAVE BEEN GIVEN BACK TO GERMANY BY THE FEDERAL RESERVE BY THE YEAR 2015 AFTER GERMANY ASKED FOR AN AUDIT OF ITS STOCKPILE HELD IN AMERICAN VAULTS AND ANNOUNCED IT WAS REPATRIATING ALL ITS FOREIGN-STORED GOLD FROM THE U.S., FRANCE, AND THE U.K. .

THE FED WAS GIVEN NOTICE TO COUGH UP 300 TONS.

GERMANY, SO FAR, HAS RECEIVED A MEAGER 5 TONS FROM THE U.S. "FED". 

ACTUALLY, AS WAS REPORTED ON MANY, MANY WEBSITES, GERMANY GOT BACK SOME RE-CAST GOLD...OR, AT LEAST, IT APPEARED TO BE GOLD, BUT IT WAS DEFINITELY NOT THE NICE BARS GERMANY HAD SENT OVER TO THE FED ALL THOSE YEARS AGO, 

IN JANUARY OF THIS YEAR, BUNDESBANK DID CLAIM IT GOUGED ANOTHER 85 TONS OUT OF THE FEDERAL RESERVE AND 35 TONS OUT OF FRANCE, BUT THERE WAS NEVER ANY PROOF OFFERED.

"Of course this was done under the watchful eye of the Bank for International Settlement (BIS) and all the gold was stamped with 2014 dates. The German people, according to Peter Boehringer, have no proof that BuBa actually received any gold, from anywhere. 

No documentation, no photos, no assays, no nothing, no shipping manifest; nothing. How can take possession of an item, any item, especially something as sensitive as YOUR NATIONAL GOLD, and not be provided with any paperwork? Really?"

Peter Boehringer , founder of the German Precious Metal Society, has been saying the gold isn't with the Fed for a long time.  

He wrote in Goldseitenblog in February, 2014: " Under the ambiguous title “Silence is Golden,” no less than four Handelsblatt editors along with Norbert Häring, a senior and competent voice in matters of Gold vs Money, delivered a piece (dated 02.06.2014) that is, in parts, pretty critical against the Bundesbank (hereafter referred to as BuBa). 

(See Peter's article by clicking <here>  and the original article from Handelsblatt in German by clicking <here>.)

FOR YEARS, MANY HAVE ACCUSED BUNDESBANK AND GERMAN 'OFFICIALS' OF NOT TRYING (OR WANTING?) TO GET GERMANY'S GOLD BACK FROM THE U.S., FRANCE, AND THE U.K.

A LOT OF CITIZENS ARE PLENTY PISSED-OFF ABOUT THE WHOLE THING.

HOWEVER, BEFORE THE ABOVE WAS WRITTEN WHEN PEOPLE LIKE PETER, OR THAT CONTROVERSIAL FIGURE, MICHAEL MROSS HAD SAID: 

"There is neither real criticism from German politicians, nor any visible efforts to return German gold held in the US, so it seems that the US controls Germany."  

WELL, MANY CALLED ANYONE WHO BREATHED SUCH AS THAT "CONSPIRACY THEORISTS".

THERE'S A CONSPIRACY, IT SEEMS, AND IT'S NO MERE 'THEORY'. 

SO WHEN HANDELSBLATT'S  FOUR EDITORS WROTE:

"In any case, “Policy makers” have not helped us a lot. But at least, a few weeks ago, Mr Mißfelder has finally and rightfully called for the retrieval of ALL foreign holdings of the German Bundesbank (i.e., 2300 tons instead of the planned 700 tons; totally new “dimensions” for BuBa´s imagination…)!

The Bundesbank no longer feels bound to the [concrete repatriation commitment time table] as they now admit for the first time." 

THAT LENDS  SOME CREDENCE TO THAT OLD "CONSPIRACY THEORY AND HELPS EXONERATE (WELL, MAYBE?) ALL WHO HAVE BEEN SAYING THE SAME THING FOR YEARS.

Handelsblatt: “Due to ‘logistical challenges,’ the BuBa no longer feels bound to its promise to the Bundestag.”

SOMEBODY NEEDS TO BREAK IT TO THOSE FOUR THAT THE FED DOESN'T HAVE 100 TONS OF GOLD TO GIVE GERMANY! 

I'M SURPRISED THEY SCRAPED TOGETHER 1 TON! 

AND I HOPE GERMANY TESTED THAT METAL BEFORE IT WAS ACCEPTED AS "REAL" GOLD! 

BUNDESBANK AND THE FED HAVE NOW AGREED THAT TRANSPORT OF SUCH A LARGE AMOUNT OF PRECIOUS GOLD OUGHT TO TAKE A LITTLE MORE TIME THAN JUST 3 YEARS, THAT SECURITY FOR SUCH A MOVE ACROSS AN OCEAN NEEDED MORE PLANNING, ETC, THE USUAL STALLS.  

THE FED WAS SELLING  A LINE OF BULL, BUNDESBANK WAS IN THE MARKET FOR BULL, AND ALL IS WELL....

WAIT, NO ALL IS NOT WELL!

THE FED WON'T EVEN SHOW GERMANY ITS GOLD.

THEY CAN'T EVEN GO THE VAULTS TO TELL IT HELLO, MAYBE TOUCH IT A LITTLE.

"NOPE," SAID THE FED, "NO CAN DO. FORGET THAT."  

AND BUNDESBANK, NOT WANTING TO START AN INTERNATIONAL INCIDENT (LET'S PRETEND) STOPS DEMANDING SUCH SILLY THINGS, ROLLS OVER, BELLIES-UP, AS DOES THE GERMAN GOVERNMENT. 

BUT, PETER SEEMS TO SMELL THE RAT:

 "We have already dealt exhaustively with this issue in previous articles.  If even the ridiculously low amounts of 80-100 tons of gold per year are too challenging for the Fed and BuBa to transport (and that despite Weidmann’s request for help from the BIS), then one must wonder how, back in 2000-2002, nearly 1000 tons of gold were delivered from the Bank of England to Frankfurt without all this fuss and public whining.  The BuBa itself has been claiming this successful transportation performance of the early 2000s since 2012."

PETER HAS A POINT, BUT ENGLAND HAD GOLD TO TRANSPORT.

AMERICA DOES NOT.

NEW SUGGESTION: 

"And quite apart from that, the BuBa is of course free to simply ask the Fed for a swap of their bullion with a European gold holder or international dealer, upon which the bars would simply be retrieved from London, Zurich, or even Frankfurt. No physical transatlantic transport required – and everything guaranteed to be LGD compliant!"  

LOGIC.

REASON.

AREN'T THEY BOTH BEAUTIFUL?

THE FEDERAL RESERVE HATES THEM.

BUT IT HATES HONESTY EVEN MORE.

THERE IS A THIRD OPTION FOR GERMANY, IF THEY TRUST U.S. CURRENCY, IF THEY LIKE HAVING BILLIONS IN FIAT MONEY...

TELL THE FED TO SEND THEM A CHECK FOR THE CURRENT VALUE OF ALL THAT GOLD.

TELL THE FED TO KEEP THE DAMNED GOLD, FORK OVER THE $$$MONEY$$$, THEN GO BUY KNOWN PURE GOLD SOMEWHERE OUT THERE, BUT QUICKLY...BEFORE THE FED MANIPULATES THE MARKET...AGAIN. 

THE FED WOULD, AT THIS POINT IN TIME, LOVE TO SEE GOLD WORTH $1.99 A POUND.

WELL, BUNDESBANK AND THE FED AGREED ON 2020 FOR THE TRANSFER, AND JUST BEFORE THAT REALLY, REALLY HAPPENS, PIGS WILL FLY, SANTA CLAUS WILL MARRY THE TOOTH FAIRY, AND WE WILL FIND AN HONEST POLITICIAN.

THAT IS TO SAY... "IT AIN'T HAPPENING, KIDS!"

HOW DID WE COME TO THIS?

WHAT ARE THE LIES AND DIRTY TRICKS, I MEAN, WHAT'S THE STORY BEHIND THIS FINE FIX?

[THIS ENDS THE 04/25 UPDATE.
AS OF TODAY, THE CURRENT PRICE OF GOLD PER TROY OUNCE IS $ 1,180.50.]

Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults

http://nsnbc.me/2013/04/18/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults-2/

The German government asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else.
NOBODY, other than FED staff, have actually been permitted inside the vaults to see or inventory any of the gold. There is NO evidence that the gold actually exists, other than the word of the FED.

NO GOLD AT FORT KNOX?
In 1974 six Congressmen, one Senator and the press were allowed to enter Fort Knox to see for themselves if the gold was there or not. The tour showed that there was [SOME] gold in Fort Knox but, all the same, it sparked even more controversies.
Only a SMALL FRACTION of the gold reserves were made available for viewing, and one Congressman published a report saying that the gold bars held in the fort may have been less heavy than would have been expected. 

TRANSLATION: WHAT THEY SAW WAS NOT PURE GOLD!
BUT, THAT'S BEEN STATED BEFORE!

HOW DID THE FED GET ITS FILTHY, DEVIOUS, ROTTEN HANDS ON SO MUCH FOREIGN GOLD?

The FED came to all countries in Asia, Latin America and Africa DURING WW2 and told them their gold holdings might not be safe because of the war, and they should permit the FED to take all of it to the US for safekeeping.
 Many countries obliged, [SUCKERS!] receiving FED gold certificates in exchange, but when they later tried to cash in those certificates and reclaim their gold, they were told the certificates were fake, that they contained spelling and other mistakes which the FED would never have made <WINK! WINK!>, and that the serial numbers were... wrong.
[HOW, OH, HOW DID THAT HAPPEN?]

And so, boys and girls, the FED still has all that gold....OR DO THEY?
IT APPEARS THEY DO NOT!
OKAY, OKAY, NO, THE BASTARDS DON'T HAVE THE BLOODY GOLD, OKAY?

WE CAN NOW BE ALMOST 100% CERTAIN THAT GERMANY'S GOLD, ONCE STORED AT THE FED (OR SOME SWEET OFFSHORE "FORT KNOX") IS GONE!

WHEN GOLD FELL 3% ON WEDNESDAY, I IMMEDIATELY THOUGHT IT WAS THE "DARK, MYSTERIOUS" MINUTES FROM LAST WEEKS FMOC (Federal Open Market Committee) THAT WAS THE CULPRIT. THE MINUTES WERE DISTURBING WHEN ONE SITS DOWN TO ANALYZE IT.
[SEE THIS SITE: http://www.businessinsider.com/january-fomc-minutes-2013-2]

NOW, I AM CERTAIN THE FED HAS EVERY INTENTION OF DRIVING GOLD PRICES DOWN BY THEIR VERY "DISCUSSIONS" AT THAT MEETING!
THEY WOULD NEED TO DRIVE GOLD PRICES DOWN SO THEY CAN MORE CHEAPLY BUY BACK THAT MISSING GOLD IN TIME TO TRANSFER GERMANY'S GOLD BY 2020!
IF THEY DECIDE THEY FEEL LIKE DOING SO...PROBABLY NOT...OKAY, NO THEY WON'T AND NO ONE CAN MAKE THEM!
.
EVER SINCE THE GERMAN BUNDESTAG GOT INVOLVED IN THE PUSH FOR REPATRIATION OF GERMANY'S GOLD RESERVES FROM FOREIGN CENTRAL BANKS, THINGS HAVE GOTTEN LIVELY OVER AT THE FED!

ALL OF A SUDDEN, FOR THE FIRST TIME IN HISTORY, THE U.S. TREASURY JUST SWORE IT HAD GONE OVER IN SEPTEMBER, 2012, AND AUDITED THE FED! 

IMAGINE THAT! 
AFTER A FEW NATIONS STARTED SCREAMING FOR THEIR GOLD BACK, BINGO! A FIRST-TIME TREASURY AUDIT! 
HOW "TIMELY", RIGHT?

LIKE THIS ARTICLE INSINUATED, THAT "AUDIT" IS ALL "SMOKE AND MIRRORS", BECAUSE WHAT WAS "AUDITED" WAS NOT THE PHYSICAL GOLD, BUT THE FED'S "SCHEDULE", AND THE TREASURY DEPARTMENT ADMITS THAT IN ITS REPORT!
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=178573&sn=Detail

This is a direct quote from the Treasury’s report stating that they audited a SCHEDULE!

<<We have audited the accompanying Department of the Treasury’s Schedule of United States Gold Reserves Held by Federal Reserve Banks as of September 30, 2012 (the Schedule). This report presents our unqualified opinion on this Schedule.>> 

The entire section dedicated to describing the scope of the audit only mentions auditing and confirming that the numbers in the schedule are correct. 
There is nothing in the report that talks about a physical audit of the ACTUAL gold itself so WHY even call this sham an audit? 

WHY? BECAUSE THE FED IS SCRAMBLING! 
BUT, AS WITH THE U.S. TREASURY, GERMANY, ALL OTHERS WHO HAVE 'DEMANDED' TO AUDIT ACTUAL GOLD, THE FED IS A TOUGH ENOUGH ENTITY THAT IT SIMPLY LOOKS THEM IN THE EYE AND SAYS, "NOPE!"

WHY, WHY WOULD THE FED STALL GERMANY FOR 7 LONG YEARS ON REPATRIATING ALL THAT GOLD, AND WHY WOULD A GERMAN BANK PUT UP WITH THAT? 
SO MUCH CAN GO REALLY WRONG IN 7 YEARS, GIVEN HOW POORLY THINGS HAVE GONE FINANCIALLY THESE PAST 12 IN AMERICA!  

DOES BUNDESBANK ALREADY KNOW THE GOLD ISN'T IN THE NEW YORK VAULTS? 
ARE ALL CENTRAL BANKS IN ON THIS? 

WHY DID THE BUNDESRECHNUNGSHOF AND THE BUNDESTAG HAVE TO PUSH THEIR BANK TO DEMAND AN AUDIT?

Germany has the world's second largest holding of gold after the US. Roughly 66% ($122bn) is held at the New York Federal Reserve, 21% ($39bn) at the Bank of England, and 8% ($15bn) at the Bank of France.
Germany withdrew two thirds of its vast holdings of gold from the Bank of England vaults shortly after the launch of the Euro more than a decade ago, according to a confidential report by German auditors that's come to light in all this.

WHY didn't they do the same with the FED, and France?

All these many years this has been about  “paper" versus physical GOLD, about statements and "schedules"versus actual possession of the physical gold that is STILL unaccounted for!
WHY NOW?
WHY ALL OF A SUDDEN CALL IN ALL THE GOLD?

And it's not just Germany!
As I wrote in the previous blog about this situation, China, Russia, Venezuela, Brazil, the Netherlands, MANY nations are showing interest in buying gold since America almost went belly-up in 2007-2008!
http://havacuppahemlock1.blogspot.com/2013/02/germany-demands-its-gold-from-fed.html

THAT WAS WHEN WE SAW EVEN CENTRAL BANKS BEGIN TO ACQUIRE GOLD! CENTRAL BANKS, ALL OVER THE GLOBE!
 WHY?
BECAUSE EVERYONE KNOWS THE U.S. DOLLAR IS "PLAY MONEY", DESTINED TO FAIL!

The FED has printed money like paper and ink are free!
And the cost of that ink and paper is about what the dollar is worth...or less!

FIAT MONEY, the dollar and the Euro are simply headed for the trash heap and the smart bankers, the wise old owls of the financial world have seen it coming for years! 

SEVERAL OPEC NATIONS HAD GOTTEN TOGETHER AND DECIDED TO DEMAND GOLD FOR OIL BEFORE GADDAFI WAS TAKEN OUT FOR THAT AND ALL OTHER NATIONS "DISCOURAGED" FROM THAT PLAN BY WHAT HAPPENED TO HIM...WELL, ALL BUT IRAN, WHICH IS ALSO STEADILY ACQUIRING GOLD. 
SADDAM HUSSEIN HAD BEGUN THE CRY OF GOLD FOR OIL IN THE LATE 1990s...HE'S GONE, TOO.
[SEE: http://havacuppahemlock1.blogspot.com/2013/02/libyas-gold-dinar-oil-for-gold-killed.html]

IS IT ALL STARTING TO ADD UP IN YOUR MINDS NOW?
THE BANKING ELITE ALL OVER THE WORLD HAVE IT PEGGED! 
AMERICA IS GOING DOWN ECONOMICALLY! 
IT'S BEEN HAPPENING SINCE 1913, ESCALATED WHEN NIXON TOOK US OFF THE GOLD STANDARD, AND IT'S A RUNAWAY TRAIN NOW! 

{SEE: http://havacuppahemlock1.blogspot.com/2013/02/why-russia-china-are-buying-gold.html AND ALSO http://havacuppahemlock1.blogspot.com/2013/01/america-bankrupt-since-1933.html ]

I'M CERTAINLY NO FINANCIAL WIZARD, BUT COMMON SENSE DICTATES THAT A NATION THAT HAS NOTHING TO BACK UP ITS MONEY HAS NOTHING, PERIOD!

A NATION THAT SPENDS MANY TIMES WHAT IT TAKES IN IS BANKRUPT!

A NATION THAT HAS TO ROB THE ONE MONEY-MAKER (SOCIAL SECURITY, INTO WHICH ALL WORKING CITIZENS PAY INTO, ACTUALLY PAY INTO, AS THEY DO INTO MEDICARE AND FEDERAL INCOME TAX), A NATION THAT WANTS TO STOP PAYING BACK TO THE PEOPLE WHO HAVE PAID IN ALL THEIR LIVES IS IN BIG TROUBLE!
AND THAT NATION IS A COMMON DAMNED CROOK!

THE FED CAN SHOW A WEE PILE OF GOLD ALL IT WANTS, BUT THOSE GOLD BARS ARE NOT NUMBERED AND ASSIGNED TO ANY NATION, THEY ARE NOT IN COZY LITTLE SEPARATE COMPARTMENTS WITH EACH NATIONS' NAME ON THEM IN ANY WAY, SO WHO CAN BE SURE THAT THAT "VISIBLE" GOLD ISN'T ALL THE GOLD THERE IS, IN ONE VERY SMALL PILE, AND THE VAST MAJORITY OF IT IS SIMPLY GONE...G-O-N-E...GONE! 

IF IT'S THERE, WHY NOT PROUDLY AND PUBLICLY SHOW IT OFF? 
WHY NOT LET THE NATIONS THAT IT BELONGS TO GO IN AND SEE IT, TEST IT, TAKE IT OUT? 

BECAUSE IT ISN'T THERE!

 If the gold bars are not specifically numbered and allocated they can also have been shown to another central bank as being their gold, RIGHT?

History, factual history, shows us that central banks have long been leasing out (basically shorting) their gold reserves.
So now those central banks (ESPECIALLY THE FED!) that were leasing their gold are caught in the act and were 'busted' when gold started its steady climb from $255/oz in 2001 to the current levels today!
As a result the FED is now heavily short of gold.
This would be a very significant blow to the credibility of the monetary authorities, especially with the ongoing debasement of the currencies!

But here's another problem...THE FED CAN'T JUST SUDDENLY START PRINTING MORE MONEY AND BUYING BACK ALL THAT MISSING GOLD, CAN IT?

WOULDN'T THAT TELL THE WORLD THEY'VE NOT ONLY LIED, BUT HAVE ZERO CONFIDENCE IN THEIR OWN DOLLAR?
WHAT A DILEMMA!
THEY'VE GOT TO REPLACE GERMANY'S GOLD, BUT HOW?

HERE'S HOW...
THEY START FORCING GOLD PRICES DOWN WITH SUBTLE "LEAKS", WHISPERS, RUMORS, IF YOU WILL, OR PERHAPS WITH "MINUTES FROM THE FOMC",AND AS GOLD PRICES FALL, THEY QUIETLY BUY WHAT THE MARKET WON'T REALLY NOTICE IN THE NEAR-PANIC THAT ENSUES.

GOLD DROPS, SAY 3% AS IT DID WEDNESDAY, SO THE FED BUYS A LITTLE GOLD, AND THE MARKET SEEMS TO HAVE EDGED BACK UP A BIT, THEN DOWN AGAIN, BARELY UP AGAIN...UNTIL THEY HAVE THEIR GOLD AT A CHEAPER PRICE....

THAT'S WHY THEY NEED THAT SEVEN YEARS, 7 YEARS OF SUBTLY AND CLEVERLY REPLACING WHAT IS GONE.
THEY CAN PRINT ALL THE MONEY THEY NEED TO DO THIS SO NO PROBLEM, BUT THEY HAVE TO DO IT QUIETLY!

THEY CAN ALSO FINANCE, AT WILL, NEW EXPLORATION FOR GOLD RIGHT OUT OF THE GROUND, OR MAYBE AMERICA CAN GO TAKE SOME FROM UNSUSPECTING NATIONS, SAY IN AFRICA?
SOUTH AFRICA, GHANA, TWO OF THE LARGEST GOLD MINERS ON EARTH?

IT JUST SO HAPPENS THAT U.S. 'AFRICOM' IS INDEED SENDING TROOPS INTO 32 COUNTRIES IN AFRICA THIS YEAR!
[SEE: http://havacuppahemlock1.blogspot.com/2013/02/america-invades-34-36-african-nations.html]

AND UZBEKISTAN, PERU, MEXICO, AND AUSTRALIA HAD BETTER WATCH THE U.S, WANTING TO SEND IN TROOPS TO "HELP" THEM AS WELL!

CHINA, CANADA, AND RUSSIA WON'T STAND FOR IT AND THEY ROUND OUT THE TOP TEN LIST OF GOLD EXPORTING NATIONS.

Remember, the only thing holding the financial system together is belief in the Central Banks.

If the Central Banks stop trusting one another or grow openly antagonistic, then things could turn ugly IN A HURRY. This could force ALL our "monetary authorities" to confiscate gold!
The mostly unspoken general consensus in the financial world  is that the Federal Reserve has already sold/leased this gold, perhaps multiple times over.

If this is true and Germany got wind of it, then it would be obvious why Germany would want its gold back, while it is still possible to get it back....OR IS IT TOO LATE ALREADY?

Germany's request for the repatriation of its gold reserves shows the vulnerability of the U.S. dollar and its financial system, but more specifically, the current credibility of the paper money system.

FIAT MONEY, the Euro and the dollar, just doesn't hold up in the long run.
As America clings to its Keynesian system that just doesn't make logical sense, all who deal with it will suffer, as has already been shown when we crashed here in 2007-2009.

Portugal lost quite a bit of gold it will never recover when, in 1990, Drexel Burnham Lambert filed bankruptcy. Portugal’s central bank had loaned 17 tons of gold to Drexel, worth then a mere 1/5th of what the same amount is worth now! 
ALL GONE!

WILL THE SAME HAPPEN TO GERMANY? 
TIME WILL TELL!

An international financial cataclysm could result from all this,  the likes of which we’ve never seen before.

EVERYTHING IS INTERCONNECTED, MY FRIENDS, ONE THING LEADS TO ANOTHER IN THIS WORLD. 

GREED, DOMINANCE ALWAYS LEADS TO RUIN. THAT'S JUST HISTORY REPEATING ITSELF AS IT ALWAYS HAS.
WE LEARN, OR WE PERISH.
LEARN!