Posted on 12/10/2014 10:38:41 AM PST by george76
On January 16, 2013 Germany's central bank, the Bundesbank, said it will ship back home all 374 tonnes it had stored with the Banque de France in Paris, as well as 300 tonnes held in Manhattan by the US Federal Reserve, by 2020.
Fast forward a year and Buba, as the Federal Bank of Germany is affectionately (or maybe not) known, has only managed to bring home a paltry 37 tonnes of gold.
And a mere 5 tonnes of that came from the US, the rest from Paris. The US Fed holds 45% of the total 3,396 tonnes German gold.
Needless to say this prompted renewed questions whether Germany's gold still exists in those Manhattan vaults or if it has been melted down, leased or even sold.
At the time of the original Bundesbank announcement, there were rumours that Germany wanted their gold back because the Fed refused German officials a viewing of the bullion a couple of months earlier.
...
In November 2011, Venezuela repatriated some 180 tonnes of gold held in vaults in London and elsewhere to store it with the Caracas central bank under orders from late President Hugo Chavez.
(Excerpt) Read more at mining.com ...
You should do an internet search sometime on what happened when Germany wanted to see its gold supposedly stored at the NY Reserve. The Fed barred them access... to the Germans' own gold.
Quite right.
To use original gold bars (as the story I saw claimed), they would have to hollow out the bar somehow and replace the void with a preformed tungsten plug, which would have to fit very snugly in order to avoid rattling and to pass the density test. Then they would have to cover the opening with real gold convincingly. Sounds like a very difficult process to me.
It would seem much easier to coat tungsten bars with gold and stamp them with counterfeit markings.
Here is a disturbing story about tungsten fakes turning up in Hong Kong:
When the news of the tungsten gold bars surfaced in Hong Kong it was first assumed they were manufactured there. After all China has the reputation of being the biggest knock-off capital of the world. However the amount of gold bars in question was allegedly between 5,600 and 5,700 – 400 or around 60 metric tonnes. Such a sizable amount would have to be organised by a well financed and resourceful organisation.
Within hours of this scam being identified, the Chinese officials had most of the perpetrators in custody and apparently uncovered the following:
Roughly 15 years ago - during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of "tungsten" bars shipped to Ft. Knox."The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly "sold" into the international market. So the global market is literally "stuffed full of 400 oz tungsten coated bars".
Rob Kirby, Gold Seek
Now, the two biggest gold exchange traded funds, StreetTracks and SPDR, both have their gold bars held by the LBMA Banks. When you consider there are well over a billion dollars in deposits with these two trusts, the GLD itself holds over 1117 metric tonnes of gold bullion than the central banks of China, Switzerland, Japan, Europe and India, then it becomes a big matter that so much of the gold is likely not really gold at all but tungsten with a coat of gold over it.
Fortunately, ultrasound scanning makes it easy to detect fake bars.
That gold could do a lot for fixing up a broken down tiger that leaks fuel.
If I do an internet search I will find that Michael Brown had his hands up when shot, the moon landing was faked and don't get me started on the Illuminati. If you read the article attached to this thread you'll see that the representative of the Bundesbank had no problems checking out their gold.
Didn't get him in trouble at all. Nixon did the right thing at the right time. The alternative was letting deGaulle crash the US dollar with catastrophic consequences.
Really. Where do you think it went?
Please...don't embarrass all these experts with such questions.
The next thang ya know, yer gonna tell me that wrasslin’ is fake!
Obama’s stash. Do you think that Maui Wowie, eye shadow, and sex change operations pay for themselves?! C’mon, man!
Except the French were trading dollars for US gold.
And Nixon knew that would be a problem if everyone tried that....
Glenn Beck had the references on his radio/cable show. I don’t remember them as I sit here this morning.
You’ll never see Fed or national gold stocks being reviewed with an external auditor. Never.
The Fed has no gold stock. Every ounce in the New York Fed gold vault is owned by someone else and is open for audit whenever the owner, be it Germany or France or the Netherlands or whoever, want to. I can't speak for Fort Knox.
Well if the demand to have gold repatriated to all countries gets going like an avalanche, our country will have to open up gold mines in all of the environmentally sensitive areas . Mine gold baby Mine gold will be the desperate battle cry!. Even citizens’ jewelry won’t be safe!
Bundesbank didn’t review their gold with an external auditor. They weren’t allowed in that day.
But they were allowed in with an internal auditor. Doesn’t do much to help confidence that there is never an external auditor.
That's not what the Bundesbank representative says: Link
But they were allowed in with an internal auditor. Doesn’t do much to help confidence that there is never an external auditor.
But they were allowed in. So if they can visit their gold at any time then what is it your suggesting?
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