A FORMER U.S. TREASURY OFFICIAL TELLS US IT'S GONE, EXPERTS SAY IT, THOSE WHO KNOW THE "FED" KNOW THE FACTS...THE GOLD IS ALL GONE, ALL GONE.
BUT NOT JUST GERMANY'S GOLD.
THIS IS AN UPDATE TO PREVIOUS ARTICLES HERE, AND I WILL NOT BE WRITING ABOUT THIS AGAIN UNLESS THE 'FED' GETS CAUGHT AND IS PROSECUTED FOR "GRAND THEFT".
NOT LIKELY...THEY OWN THE U.S. GOVERNMENT AFTER ALL...AND ALL OUR OWN GOLD HAS BEEN "DISAPPEARED" SINCE ABOUT 1950...MAYBE A DECADE PRIOR TO THAT.
SOME OF THE ARTICLES CITED BELOW ARE FROM THIS YEAR, 2014.
Nobody wants to admit it openly. The German Gold Reserves in the United States are gone, used for financing the United States war chest and bet for “Global Full Spectrum Dominance”. So why is even the German Federal Bank trying to avoid further speculation by referring to a non-existent “full transparency” ? The answer is quite simple. Nobody wants the current backwardation of the gold market to turn into a permanent backwardation of the gold market. The consequence would be the inevitable collapse of global trade and civilization as we know it.
In July 2013, the US American hedge-fund manager William Kaye created a stir when he picked-up the ball, stating:
” Germany won´t ever see its gold again…… Central Banks, such as the FED, where most of the reserves had been deposited, had lent the gold to U.S. Banks such as Goldman Sachs and JP Morgan.
The gold has been used in the market to lower the gold price and the FED has received securities in exchange…. Germany won´t ever see that gold again, because it is safely kept in my accounts and the accounts of our investors”.
The Co-Initiator of the group 'the Initiative' calling for the repatriation of Germany's gold, Peter Boehringer, states that he considers it absolutely plausible, that the German gold reserves no longer exist within the USA in terms of physical gold bars. Moreover, Boehringer states, that one can strongly suspect it. Boehringer concludes:
“We do believe the Deutsche Bundesbank in its statements, but we do not believe that the Bundesbank can believe what its contractual partners say. The Deutsche Bundesbank simply cannot be sure, that the gold reserves still are present at the FED in the form of gold bars” .
“The Bundesbank does not even officially claim this, or cannot prove the physical presence according to appropriate principles of accounting. The Bundesbank has officially informed us, that the depots and Partner Central Banks have a marvelous integrity, and that the doubts, which we have forwarded in the form of questions, are unsubstantiated“.
He then, correctly remarks the fact which the Bundesbank obviously attempts to omit, which is, that the FED has not performed any official audit of its gold holdings since 1953,
“If German gold reserves really have been used as collateral, one will first have to buy them back”.
And here, Boehringer is touching the most touchy of issues. It is correct, that the FED would first have to buy the gold before it could deliver, but the trouble is, that the gold-market has been in backwardation since early July 2013. To buy gold requires that there is someone who is able and willing to sell gold, and with the market being in backwardation that is impossible.
[THERE HAS BEEN NO REAL AUDIT OF PHYSICAL GOLD BY THE FEDERAL RESERVE IN OVER 60 YEARS! IN A PREVIOUS BLOG HERE, I POSTED THE VIDEO OF BERNANKE THREATENING CONGRESS IF THEY DEMANDED SUCH AN AUDIT. YES, THE "FED" CAN AND DOES AND ALWAYS WILL THUMB ITS NOSE AT CONGRESS, THE CONSTITUTION, AND THE AMERICAN PEOPLE.]
According to a nsnbc international report with World Bank whistleblower Karen Hudes, we may be facing a global currency war as corruption at the World Bank unsettles the gold market. Karen Hudes has worked 20 years as legal counsel at the World Bank´s legal department. Hudes was sacked in retaliation after she blew the whistle and reported massive corruption in the Bretton Woods institutions.
THE WASHINGTON POST HAD A WEE ARTICLE ON THIS: January 16, 2013, BUT MOSTLY POKED A BIT OF FUN AT GERMANY.
<<The system, of course, is built upon trust -- that the New York Fed won’t suddenly be taken over by people with no respect for those nations’ property rights and seize it for their own use, and that the central banks won’t lie about how much gold is in their vaults. Among the world’s central bankers, that trust runs deep, and most governments are content to keep their gold wherever it is most convenient. The exceptions are governments that have reason to fear that their gold stocks could be frozen as part of a conflict, such as in Iran and Libya.>>
ONE READER AT THE POST COMMENTED, WITH MUCH WIT:<<"the decision reflects a real, and somewhat disturbing, current in German politics."
Psychologizing. A tactic often used by the left.
The gold belongs to Germany and should be housed in their country, no need to do a Freudian analysis. >>
I DOUBT ANYONE AT THE POST IS CAPABLE OF SPELLING "FREUDIAN" PROPERLY, BUT I MAY BE WRONG.
ZEROHEDGE.COM MERRILY WROTE ON JANUARY 7, 2014 THAT GERMANY'S GOLD HAD LIKELY BEEN 'LEASED'...
NINE DAYS LATER, SILVER DOCTORS ALSO SUGGESTED SAME:
IN A BETTER ARTICLE (TO ME) SILVERDOCTORS HIT THE NAIL ON THE HEAD:
<<The German government knows the score (as in, gold has gone east), but they are .... Not only does US not have Germany's gold, they don't have the US gold
A "FINAL REPORT" ON THE ABSENCE OF THE GOLD CAN BE FOUND HERE
AND,ON January 20, 2014, SOMEONE AT THIS WEBSITE OBVIOUSLY BELIEVES GERMANY GOT BACK 5 TONS OF THE GOLD...
The Fed only gave Germany back 5 tonnes of gold in over a year
THERE IS CONSIDERABLE DEBATE AND CONFUSION ON EXACTLY HOW MUCH GERMAN GOLD IS MISSING. FROM HUNDREDS OF TONS TO THOUSANDS OF TONS, NO ONE SEEMS 100% SURE HOW MUCH GERMANY IS MISSING.
GATA POSTED ON JAN. 6, 2014... Bill Holter: All the questions have the same answer -- Germany's gold is gone
<<As you know, Germany has reported that 37.5 tons were delivered last year, which is about 50 tons shy of what was the announced plan last January and was expected to be delivered over the course of 2013. Peter Boehringer (Germany's equivalent of GATA's Chris Powell here in the States) asked many questions of the Bundesbank, the most central being: Why was this gold "recast" before being returned?
As there has not been an audit of Fort Knox since the 1950's, nor a bar list made public since this German gold was claimed to have been deposited with the Federal Reserve Bank of New York back in the 1950s, this is a can of worms that has already been opened and any "answer" will only lead to more questions.>>
MMM-HMMM, MORE QUESTIONS AND NO, NOT ONE, ANSWER.
THE FED DOESN'T ANSWER QUESTIONS.
CONTINUED FROM GATA: <<So why exactly would the gold need to be recast before sending it back?
Never mind the obvious question that we've already asked. Why will it take up to eight years to send the Germans their gold?
You see, gold has a "fingerprint." Once it is refined down to 99.999 percent pure, the fingerprint is erased. For example, the "coin melt" that came from the 1934 confiscation has a fingerprint of 90 percent purity. The gold the Soviet Union was selling back in 1990 was 89 percent pure and had the czar's stamp on it, which was a dead giveaway that they were out of gold (money). They collapsed within six months and it was foretold by this "fingerprinted gold."
For these 37.5 tons to be recast brings up the question: Where did it come from? Was this the original gold that was safe-kept? Or was the German gold leased out a hundred times over and is this gold being recast and returned from another source?
Is this like the bank employee or even retail cashier who stole from the register with the intent of replacing it before anyone found out?>>
BUT...BUT...NO ONE IS GOING TO BE ALLOWED TO FIND OUT...
THE WORLD HAS SAID TO THE FEDERAL RESERVE,"LET ME SEE MY GOLD, LET ME HAVE IT, LET ME TEST IT, COUNT IT."
AND THE FED HAS SAID, "UP YOURS! MAKE MESHOW IT TO YOU, TRY! TRY AND GET IT BACK!"
THE LINK BELOW MAKES IT EASY FOR ANYONE TO UNDERSTAND HOW THIS HAPPENED. IT IS ALSO QUITE ENTERTAINING.
Published On: Thu, Jan 16th, 2014
Germany’s Gold and the FED for Dummies
And just in case you still haven’t gotten it: THE GOLD IS GONE.
IF THE GOLD WAS NOT GONE, GERMANY SHOULD HAVE BEEN ABLE TO COLLECT IT WHEN IT PLEASED, AND WHEN IT ASKED TO SEE IT, JUST SEE IT, IF THE "FED" WAS IN POSSESSION OF IT, A FULL AUDIT, WITH PROPER TESTING OF THE QUALITY OF THOSE BARS, WOULD HAVE BEEN VERY EASY, SIMPLE, AND HONEST.
BUT, IT ISN'T JUST GERMANY WHO HAS MISSING GOLD.
WHERE IS THE WORLD'S GOLD?
DID VENEZUELA REALLY REPATRIATE ITS 180 TONS OF FED-HELD GOLD?
DID MEXICO GET BACK ANY OF ITS GOLD?
HAVE YOU REALLY FATHOMED CHINA'S GOLD-BUYING FRENZY?
I DOUBT IT.
CHINA MAY HAVE MORE THAN DOUBLED ITS GOLD HOLDINGS!
REPORTED February 26, 2014,
Davis Hall, global head of foreign exchange and precious metals advisory at the private unit of Europe's third largest bank Credit Agricole, tells Bloomberg the period of easy money to be made by shorting gold is over thanks to Chinese demand.
"The market hasn't quite fathomed the scale of annual Chinese buying just because of the wealth effect in China over the next coming years. I don’t think gold’s going to come back to $1,000, like many people are suggesting, because I’m seeing what’s happening in China."WELL, CHINA, WITHOUT A LOT OF HOOPLA OR FANFARE, IS CHANGING THE STRUCTURE OF GLOBAL CURRENCY, IS SET ON DOING AWAY WITH U.S. WORTHLESS DOLLARS, AND CHINA IS POWERFUL ENOUGH TO DO SO.
DITTO FOR OUR KISSING-BUDDIES, BUSH AND CARTER FAVORITES, THOSE SAUDI ARABIAN GOLD-LOVERS.
THE REPORTS SEEM TO POINT AT A LITTLE "PILLOW-TALK" BETWEEN CHINA AND THE ILLEGITIMATE "HOUSE OF SAUD".
WHATEVER SAUDIS WANT, SAUDIS GET...THOSE OIL FIELDS MAKE AMERICA ANCE TO ANY TUNE.
STILL, TO ONE AND TO ALL, THE FED SAYS, CONFIDENTLY, SMILING, "SCREW YOU!" TO ANYONE WHO ASKS ABOUT FED-HELD GOLD.
THE FED REMINDS ME A BIT OF THE LITTLE CREATURE GOLUM IN 'LORD OF THE RINGS', HANGING ONTO 'THE PRECIOUS', GOING WILD EACH TIME HE SEES IT AND WILLING TO KILL TO GET IT BACK.
AND WHY DID WE EVER AGREE TO HAND OVER ALL THE GOLD TO THE FEDERAL RESERVE?
WE'D HAVE TO FIND A WAY TO DIG UP OLD FDR AND FORCE HIM TO REVEAL THAT...
I DON'T THINK WATERBOARDING ANYONE FROM THE FED WOULD DO THE TRICK...
I'D SUGGEST OLD TRICKY DICK CHENEY, aka DARTH CHENEY, FOR THAT TASK OF GETTING THE TRUTH OUT OF THE FED, BUT HIS FINGERS ARE ALL IN THAT PIE.
EVEN THE DARKEST, MOST EVIL 'OVERLORD" CAN'T TAP THE FED FOR TRUTH.
SORRY, GERMANY...YOU'RE IN THE BOAT WITH THE REST OF US WHO LOST TRACK OF ALL THE GOLD.
NEVER HAND A KNOWN BURGLAR THE KEYS TO YOUR HOUSE.
BUT WE HAVE...AND WE WON'T DO ONE DAMNED THING TO CHANGE THAT.
ALL THAT GLITTERS IS NOT GOLD...AND NOTHING MUCH IN THE FED'S VAULTS RESEMBLES GOLD, DOES IT?