Thanks for posting. A friend told me about this at about 10:30AM this morning...I hadn't heard a thing about it.
Rehypothecated
"Rehypothecation is a practice that occurs principally in the financial markets, where a bank or other broker-dealer reuses the collateral pledged by its clients as collateral for its own borrowing."
Doesn't this mean that they don't have the Geman gold?
From what we know so far, it appears that the FED not only doesn’t have the German gold, it also doesn’t have the Greek gold, the Irish gold, the Venezuelan gold, the Brazilian gold, etc. A bunch of nations are now clamoring for repatriation of their gold, and the FED is telling them all to get lost. Meanwhile, China is buying up all the gold it can find on the spot market, and Fort Knox hasn’t had an honest audit in my lifetime.
The real question here, is, “where is all of that gold?” What happened to it? The international banking families have put the gold somewhere...they didn’t just eat it. So where is it?