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

Bollocks
Jan 21, 2014 - 9:09pm

Evening All :)

Thanks ag1969 (you ****), benque, gold dog (umm - it's "bollocks" lol).

I was banned by madam bollocks from coming here around xmas, and she was dead right - she said I need to switch off for a while. She knows - and is right when she is .

Yup, I'm back, but may not be posting quite as much as before. Not that anything has changed in my mind regarding the things we talk about here. A good break is a good break.

Having said that ...




edit: OOPS - hello BOG too!

Bugzy
Jan 21, 2014 - 9:11pm

Gamble

Why do they not make gold 25K. Well....that would mean devaluing the $ by 22 times or so...

Which would mean that you would pay all your salary on a pint of milk and ..... That is called hyper inflation.

Ok, what is all this fuss about? huh huh? Have you been away or something bollocks?

Actually. WHERE THE BLOODY HELL HAVE YOU BEEN!!!! I HAVE BEEN WORRIED SICK.

Edit: Oh I see, the mrs. Nuff said. I get that too. No not from yours;mine.

SilverivalistPatriot Family
Jan 21, 2014 - 9:21pm

Freedom of Information Act reply

Dear Patriot Family,

Thank you for your recent inquiry for request of communication records between US and Germany regarding the repatriation of their gold. Due to the fact that "The Patriot Act" overrules all foreign document record requests, your request is denied.

Thanks again for your continued support of the new regime,

Sincerely,

The Elite Bankers

Bollocks
Jan 21, 2014 - 9:21pm

bugzy

just send me all your gold and all will be fine.

ta.

lnardozi
Jan 21, 2014 - 9:23pm
treefrog
Jan 21, 2014 - 9:26pm

freedom of information act

is helpful in prying information out of u.s. government bureaucracy.

the german gold is (theoretically at least) held by the federal reserve, which is a private entity owned by a cartel of banks. it is not a government bureau.

Jan 21, 2014 - 9:28pm
GambleBugzy
Jan 21, 2014 - 9:33pm

Bugzy

Im confused , won't they want to devalue there currency to settle debt ?

when you can print whatever amount you want isn't it there goal in the end

to hyper inflate?

Ok forget it Im completly lost on this and confused , disregard

everything I said.

Patriot Family
Jan 21, 2014 - 9:34pm

FOIA Requests

I get it - but what concerns the Fed probably generates some form of communication among government agencies. If there has been discussion regarding repatriation of Germany's gold, it may give clues as to the true challenges of that delivery.

Hammer
Jan 21, 2014 - 9:56pm

Fed to Germany...boo hoo hoo

Fed to Germany...boo hoo hoo (plus this girl can sing)

No Sinner - "Boo Hoo Hoo" - Official music video

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