Posted on 12/07/2014 8:10:04 AM PST by Kaslin
Nick at Sharelynx Gold, also known as Gold Charts "R" Us emailed an interesting chart last week showing gold drain at the New York Fed.
Earmarked gold dropped 42 tonnes for the month of October as foreign countries repatriate their gold home.
Here's a link to Earmarked Gold with a second chart that shows all Fed holdings.
Gold Charts "R" Us has 1,000's of pages and over 10,000 charts on a subscription basis, but you can check out the site for free until December 14. Click on the first link at the top for a look.
Where's the Gold Going?
This was the largest monthly drawdown in 13 years and the largest series of drawdowns since 2007 (drawdowns in red on above chart).
So, where's the gold going? Three answers:
Germany
Koos Jansen at BullionStar reports German Gold Repatriation Accelerating.
That article is interesting because it takes to task extremely sloppy Bloomberg reporting regarding German golf repatriation.
Netherlands
On November 21, Jansen reported Netherlands Has Repatriated 122.5t Gold From US.
The Dutch central bank, De Nederlandsche Bank (DNB), has repatriated in utmost secret 122.5 tonnes of gold from the Federal Reserve Bank of New York (FRBNY) to its vaults in Amsterdam, The Netherlands, according to a press release from DNB published today (November 21).
DNB states it has changed allocation policy from 11 % in Amsterdam, 51 % at the FRBNY, 20 % in Canada and 18 % at the Bank Of England (BOE); to 31 % in Amsterdam, 31 % at the FRBNY, 20 % in Canada and 18 % at the BOE. According to the World Gold Councils latest data DNB has 612.5 tonnes in official gold reserves.
Belgium
Yesterday, Jansen reported Belgium Investigating To Repatriate All Gold Reserves.
Countries want their gold back. Who can blame them?
It would appear a lot of foreigners are trying to get their gold back from us while we still have some lights on.
Yeah. The “Rip Van Winkle Caper”. While the gold thieves were in suspended animation, gold became worthless. Cool TZ episode.
I know they've said it until they and all "enlightened opinion" turned blue in the face, but they know it's a lie and a con, intended to con the unsophisticated. Stealing gold from those folks by hook, crook, or swindle is a major preoccupation despite the Enlightened Ones' deprecatory mouthings.
Who cares?
What's it good for?
Our money supply sure doesn't need it!
Latinum is where the SMART money is!
The plain kind; not the gold pressed.
China has 50% of the world's population.
Yogi says...
It’s a Wonderful Life all over again!
Welk just repeats awunnerful awunnerful
I got land, you’ve got gold.
Now what?
Nixon?
The only source I can find on that is on a bunch of nutter websites. I think that would be the biggest story of the decade if it were true.
Anything done because they risk prosecution otherwise can not really be voluntary.
Creditors?
What I meant was no one went door to door and collected it at gun point, it was basically voluntary although ordered.
The US treasury might still have the gold somewhere, but creditors may already have a lien on it.
Creditors?
Yes, the US is a debtor nation, the largest in recorded history; yes, the US has creditors.
I’m sure you can name a few, so give me some examples.
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