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

Jan 21, 2014 - 7:54pm

No proof of anything, but interesting...

...that German mainstream news media should resort to "unthinking bullshit to sway sentiment", by publishing such tripe:

"Conspiracy theory: U.S. Safes empty
If it goes to some conspiracy theorists, the facts are already clear - and the recall campaign well founded: The safes in the U.S., where to store only 1,500 tons of German gold reserve, are empty. Some claim that the Americans had with the precious metal traded entrusted to them to control by about the gold price. In support of its argument the critics call that gold only slowly finds its way back to Germany. A second theory is that the Americans do not aushändigten about the gold bars obtained decades ago, but gold einschmolzen and new bars poured from it. Third, some conspiracy theories refer to the Gold Reserve Act of 1934 which allows the U.S. government, through a special fund, to manipulate gold prices ."

Original story in Focus Online here, translation here.

ag1969
Jan 21, 2014 - 7:56pm

Bollocks

It is about time. I was beginning to worry, about as much as I am capable to worry about a Limey Brit! Welcome back!

benque
Jan 21, 2014 - 7:57pm

Welcome back Bollocks

Thank you for bringing the bright, sharp light of science into focus on the German gold question.

I now feel very calm and serene knowing that our ventral banksters have everything under control, and are vigilantly watching out for us all. I'mmmmmm already starting to feeeeeeeellllllllll sheep-like, baaaaaaaaaaaa.

Silverivalist
Jan 21, 2014 - 8:08pm

What's the hurry

Central Bankers still have 6 years left to return the gold, what's the hurry?

Perhaps they have physical side bets on the outcome of the world economy over the next 5 years, that would give them an entire year to settle up with Germany.

Oh, wait... never mind, I forgot about the logistics.

GOLDDOC
Jan 21, 2014 - 8:12pm

Contrast with Bron Suchecki

You got to be joking Motley. If bullsh-t was music that guy could be the whole brass band!

Gold Dog
Jan 21, 2014 - 8:25pm

STOP THE PRESSES!!

- Bullox is back!

-I bought gold and the futures are up a dime!

RUN! RIGHT NOW, JUST RUN!!!!!

YF,

D

eone type twice?Why did everyon <-EVIL in the black box. <Scotch is my new BFF.

Patriot Family
Jan 21, 2014 - 8:39pm

I've read every source I can

I've read every source I can find on repatriation of Germany's gold. All Germany needs to do is publish the official agreement on the gold transfer and the details on how the bars were ordered to be melted down and refined into modern good delivery bars. At that point, the gold bugs and conspiracy theorists will settle down.

The US already publishes all forms of agreements and budgets. For goodness sake, we even publish our black ops budget. I don't see why Germany cannot explain to their own public why their gold is not being returned on schedule. Has anyone seen a copy of the agreement posted anywhere outside of the original annual delivery schedule?

I believe some of Germany's politicians are getting a little riled up about this. If they make enough noise, some news will come out. Whatever applies to Germany's gold will apply to the rest of the world as well. All that's needed is a major news organization to report on how France ponied up and delivered to goal and whatever gold the US pushed back to Germany would've fit in the trunk of my Nissan. This is the perfect opportunity for some enterprising organization to create a panic induced price increase by forcing the issue into the major media.

BagOfGold
Jan 21, 2014 - 8:42pm
Marcus
Jan 21, 2014 - 8:43pm

NY FED to Germany

Leck mich am Arsch (kiss my you-know-what)

Patriot Family
Jan 21, 2014 - 8:45pm

Also, remember that Freedom

Also, remember that Freedom of Information Act requests can be submitted. I'm not sure of the boundaries (i.e., how soon are docs available), but I would LOVE to see any documents (especially emails and meeting minutes) related to gold transfer agreements between us and Germany. Now I'm going to need to go figure out how to submit a request and the cost involved. Would be very cool to see exchanges on the topic between our government liaisons and Germany.

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