More on the German Gold Repatriation Scheme

146
Tue, Jan 21, 2014 - 3:30pm

This story gets more fantastic by the day. Just like The Jelly of The Month Club, I suspect that it will be "the gift that keeps on giving the whole year" in 2014.

So now we're told that Germany actually repatriated 37 metric tonnes of gold in 2013, or about 5% of the total 700 ton repatriation plan announced about a year ago. Of this 37 tonnes, 32 were shipped the 500km from Paris to Frankfurt while a whopping 5 metric tonnes made it across the Atlantic from New York.

https://www.welt.de/wirtschaft/article123988843/Die-ganze-Wahrheit-ueber...

We are then told by the various central bankers that the reason for the paltry and delayed shipments are "logistical" in nature, due to the "challenges" of moving so much gold. Really? Seriously??

Here's one for you...Did you know that, because of the density of gold, an entire metric ton can be poured into a cube with dimensions of just 15 inches on each side? Fifteen inches. If you laid them out in a row, end to end, five cubes (five metric tonnes) would stretch out for a total of 75 inches (also known as 6'3"). Hmmm. And the logistics of shipping more than 5 mts in a single year are challenging, huh?

How about the logistics of loading 32 of these cubes onto a truck and driving them the 500km from Paris to Frankfurt. That sounds like one hell of a challenge, too, doesn't it?

Look this is clearly all a farce, designed to patronize the German people while extending the life of The Great Ponzi. Perhaps the Germans are waking up to this as there's now a movement afoot to get ALL of the German gold back and pronto: https://www.gata.org/node/13541. We'll see about that. In the meantime, it should be great theater to watch the bankers preen and posture while they try to assuage their citizens' fears.

To that end, I thought I'd include here this latest video from Dan Ameduri. In this piece, Dan interviews Brien Lundin who, among other things, is the founder of the New Orleans Investment Conference. The NOIC is usually the biggest "natural resource" conference of the year so Brien clearly knows a little bit about the metals. You should watch the entire thing but you may find most interesting some of the stuff that is mentioned regarding the German Gold Scheme.

To be continued...

TF

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  146 Comments

Mickey
Jan 21, 2014 - 3:38pm

fed gold

what about the other 6700 tones held by fed for others plus the 8100 tons of the US gold

Sandiaman
Jan 21, 2014 - 3:39pm

First

First

Germany will never get all their gold.

treefrog
Jan 21, 2014 - 3:43pm

gone forth

that gold was stolen fair and square. it's gone

furth!

Occasnltrvlr
Jan 21, 2014 - 3:43pm

Just To Pick a Nit...

...I think that would have to be two trucks from Paris to Frankfurt, which would double the already insurmountable logistical challenges.

Orange
Jan 21, 2014 - 3:45pm

Why not just ask

Why not just ask the Germans if the bars are the same as what was shipped to New York and why the Americans are not sending the same back.

The Germans have a right to know if their gold was stolen.

By the way, does anybody know if the Germans were charged storage fees?

Urban Roman
Jan 21, 2014 - 3:46pm

I'd think they could scrounge

I'd think they could scrounge it somewhere.

Where does all the gold come from that China keeps importing? Germany's request is less than that, isn't it?

ag1969
Jan 21, 2014 - 3:47pm
Gamble
Jan 21, 2014 - 3:49pm

Why not just skyrocket the price

Why not skyrocket the price to some ridiculous amount say 25000

an ounce every one holding would sell ,tax the shit out of them give Germany there gold back.

kardnul
Jan 21, 2014 - 3:55pm

Tungsten repatriation scheme?

So Germany agreed with the NY FED to take back 50 mt gold per year for 7 years from the NY FED vault, but only got 5 mt for 2013.....Methinks they probably were delivered their 50 mt of bars and then had them melted down (reprocessed as they say).....Result was 5 mt gold and 45 mt tungsten bars....LOL

tyberious
Jan 21, 2014 - 4:08pm

Bottom line of Deutsche

Bottom line of Deutsche Bundesbank gold: The fingerprints are gone

https://www.youtube.com/watch?feature=player_embedded&v=q-hrzD0bOjM

jungle drum, Published on Jan 21, 2014

Independent German financial journalist Lars Schall talked with Bill Holter, who works for Miles Franklin, a precious metals investment firm in the United States, about the main driver of the price of gold; the current problems of the Bundesbank with “its” gold; and China’s heavy buying of physical gold.

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