Posted on 01/08/2014 8:38:12 AM PST by dennisw
foreward by JS Kim, Managing Director of SmartKnowledgeU
Here is a recent correspondence from our friend Lars Schall, an independent financial journalist, and the German Central Bank, the Deutsche Bundesbank, regarding the exact whereabouts and specifications of Germany’s national gold reserve. From the correspondence below, it appears that the US Central Bank had already leased out Germany’s gold reserves in prior years and no longer has it, as the gold bars the US Central Bankers returned to Germany last year were clearly not the same ones that Germany originally deposited with them. The questions Mr. Schall’s revelations now beg is (1) if the Banque de France and the Bank of England have Germany’s original gold as well; and (2) if the various Central Bankers are deliberately returning Germany’s gold on a painfully slow timeline because they have already leased out Germany’s gold into the open market in prior years, no longer hold it, and must
therefore scrape together Germany's gold from the open market now.
Below is Mr. Schall’s inquiry to the Deutsche Bundesbank:
December 26, 2013
Dear Ladies and Gentlemen:
I am an independent financial journalist. In connection with the transfer of 37 tons of Bundesbank gold from New York to Germany, I came across the news that the bars were a melted before the transfer. May I kindly ask you for the following information:
Why were the bars melted at all? And why couldn’t that wait until the bars arrived in Frankfurt?
Kind regards,
Lars Schall
>>>>>>read more at the source
>>>>>>>> the short story is how come The Fed didn’t give back to Germany the exact same gold bars that Germany put in the Feds vaults a few decades ago? Bars that have the Bundesbank stamp and assay on them?
>>>>>> Seems the Fed sold these Bundesbank bars and had to buy new ones on the open market to satisfy Germany’s demand for its gold
Is this why Hillary and Obama overthrew the government of Libya? They needed Qadaffi’s gold? My my.....that would be rather mercenary of the Democrats.
theyd call it a Ponzi scheme for us
Is the Fed secretly behind all the “Cash for Gold” shops everywhere? Are they buying up all the gold chains and teeth to remelt into LGD compliant bars to ship to Germany?
Anybody got some more tinfoil?
Should just tell Germany, not to necessarily Pound Sand, but perhaps to Pound Beijing.
Killing people and confiscating their assets? Sounds like Obamacare.
IMO, the Fed is the Wizard of Oz that has tremendous perceived power and value, but in reality is a smoky wisp of curtained deception, purloined gold and even more dubiously evil duplicity in the accounting of its books.
I believe our last 4 or 5 Presidents have kept the secret that the Federal Reserve is nothing more than a ‘find the pea’ street game.
The thieves sold our gold AND the gold we were storing for Germany. That’s the point.
Here in TX we were barraged in the grocery stores! to sell our gold for years. Still ongoing, but not as intense as it was.
If you deposit money at the bank, you don't expect to get the same bills back and might have to wait to get it depending on the account you put it in. On the other hand you expect to get the same bills back if you put them in a safe deposit box or else someone has picked the lock. In which way were the Germans promised the Federal Reserve would act? And did the Fed get caught dipping into the till by selling short gold which they had no contractual right to access in anticipation that they would never be caught?
Without knowing the terms of the deposit contract, I have no idea whether the Fed was acting in bad faith or not.
Is the Fed secretly behind all the “Cash for Gold” shops everywhere?
The problem was, these were not the exact same $20 bills that I gave them!
They switched them out and gave me different $20 bills!
This is a scandal!
What happened to my 20s? I smell a conspiracy!
The question I want to know is “Is all of the United States’ GOLD in Ft Knox all “GONE”?!”
It’s probably been gone for a long time. Shipped to China.
Why were the bars melted at all? And why couldn’t that wait until the bars arrived in Frankfurt?
Kind regards,'
Wow, kinda starts off like a Nigerian email scam. Be very careful Zerohedge...
Should just tell Germany, not to necessarily Pound Sand, but perhaps to Pound Beijing.
You are right!! The story goes that since China buys up all large amounts of gold put on the market.....that the Federal Reserve has difficulty buying gold bars to send to the Germans.
The popular image is that each nations gold is held in a separate bullpen. You see this in movies and in photos. In other words segregated (as you wrote).
>>>>>> This German gold was deposited at the NY Fed during the Cold War when a Soviet invasion or attack was a possibilty. Why tempt the Russkies by holding so much gold so close to East Germany and Russian tanks? So it was sent to NY
When you tell Germany you cannot return the gold you are supposedly holding for them for 7 years that means you have probably leased it out and you don’t have it any more. Extrapolating out a little further one could deduce that you also don’t have sufficient gold of your own to go ahead and give Germany their gold back now and then reimburse yourself later from the leased gold.
If memory serves correctly and I’m sure some sharp Freeper will correct me if wrong the gold in Ft Knox has not been audited since the mid sixties and noboby has been allowed in to veiw it.
Since 1955.
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