[SkyPilot]

So [the Fed] used the German gold. I suspect that is true because what we have seen in recent years, especially since gold peaked at [roughly] $1,900 an ounce in 2011, we have seen more and more reliance on dumping huge amounts of naked gold shorts on Comex during hours in which there is no trading, in order to knock the gold price down and suppress it.

So they protect the dollar from quantitative easing by shorting the paper gold market, the futures market. If they still had stocks of gold that they could lease to bullion dealers to sell on the market, they would still be using that technique.

[Diogenesis]

In the land of no accountability, no Law,
no justice, and no Constitution,
no documentation, and no integrity,
there is now ... no gold.

[equalator]

The gold is gone? Do you think?? Duh

[DBrow]

Gold is a physical thing. Where did it go? Or, who has it now? Or is the issue that the gold is physically there but belongs to someone else?

[ClearCase_guy]

In their quest to reach a communist utopia, perhaps they thought that everything would have to be free if they just totally screwed up international finance.

I think they broke money.

I think it will turn out to be a very bad thing.

[kaehurowing]

THE GOLDEN RULE

Those who have the gold make the rules.

[MUDDOG]

The gold is gone

You know you done me wrong baby, and you'll be sorry someday.

[Ken522]

Sounds reasonable - but look at the price of gold: If what he says was true, the price of gold would skyrocket to $3000 almost immediately and it would keep going up. I also remember the esteemed Dr. Paul C. Roberts bubbling forth about what a great leader obozo would be if he were elected (way back in 2008) .. I would be skeptical of what Roberts says ...

[SkyPilot]

When the Ponzi scheme collapses (and it will), the fall of the financial system will be epic, and swift.

That is when our new "Federal Civilian Police Force - just as well funded as the US military" will be used to back up the new Executive Orders issued by Obama.

Remember, Executive Order 6102, issued by FDR making private ownership of gold illegal, was issued by a stroke of the pen in one day (April 5th, 1933).

"forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".

Local police all over the nation now have MRAPs, SWAT gear, and are trained in military tactics.

They were issued the MRAPs by Obama for only $2,000 each, so of course they took them.

Obama will most likely make ownership of gold and weapons illegal in the same Executive Order.

This used to be Black Helicopter wackiness - soon it will be reality.

The Gibsmedat crowd will riot when their EBTs don't work. America will be in collective shock. Congress will appear even more castrated and frozen with ineptitude than they do now.

The "action" taken will be completely suspend elections, liberties, and rights.

That's my prediction.

Paper certificates telling you that you own gold will be worth nothing, and even those who own physical gold will be at risk because they will be the targets.

Trust in God, and Him alone.

[dforest]

Guess what. Your freedom is gone too. Courtesy of the fine folks who took the gold.
Have a good day.

[gaijin]

Probably NO country on Earth was as excited as Germany about Obama’s election:

Now behold what he has done to them, the people who adored him.

LOOK at what happens when you trust this insect.

What would this man to do *US*, who he genuinely LOATHES..?

[muir_redwoods]

If this is true, this guy is a dead man for telling the world. I can’t believe Germany and the other countries are taking this so calmly. This is simply beyond reasonable belief.

[Zeneta]

When we left the Gold standard everything changed.

Our Dollars lost their historic medium of exchange or backing, if you will.

I contend that Gold has very little economic value. It is certainly not a measure of economic growth, activity or anything other than some arbitrary measure of wealth.

Our Dollars value is based on OIL or energy production. As it should be.

Energy/Oil is life. It is the life blood of everything and therefore is the only true measure of an economies vitality.

[MNDude]

Isn’t Goldline real gold?

[OneWingedShark]

CWII / WWIII Spark — Because people tend to get PISSED when people steal their money.

[yorkiemom]

Shocking!

[Ruy Dias de Bivar]

***Experts: America’s gold is gone***

They were saying the same thing back in the 1970s.

[sefarkas]

http://www.huffingtonpost.com/2013/01/16/german-gold-reserves-new-york-repatriated_n_2487098.html

BERLIN — Germany’s central bank will repatriate some of its massive gold reserves stored in vaults in the United States and in France, a business daily reported Tuesday.

The Bundesbank’s overall reserves of 3,400 tons are worth about $200 billion at current market rates.

The central bank now plans to bring back to Germany some of the 1,500 tons of gold stored in the vaults of the Federal Reserve in New York, and all of the 450 tons currently stashed with the Bank of France in Paris, according to Handelsblatt.

The central bank declined to comment on the report but on Wednesday will present a new plan to manage the gold reserves of 270,000 gold bars, the world’s second-largest stockpile trailing only the U.S. reserves.

Most of Germany’s reserves have been stored abroad since the Cold War over fears of a Soviet invasion.

But the central bank came under pressure last year when Germany’s independent Federal Auditors’ Office last year concluded it failed to properly oversee its gold reserves. The auditor suggested the central bank should carry out regular inspections of the gold held abroad to verify its book value or change the reserves’ management.

The auditors’ report stunned Germany, where the Bundesbank routinely tops polls of the nation’s most trusted institutions. The central bank was taken aback and maintained it didn’t see the need for more scrutiny in overseeing the reserves, saying “there is no doubt about the integrity of the foreign storage sites.”

But the debate on the gold reserves, most of which are held by foreign authorities, caused some inevitable conspiracy theories questioning their very existence. Several politicians then jumped on the issue and called for some of the reserves to be repatriated.

Since the postwar days, when Germany worried about a possible land war with the Soviet bloc, most of the reserves have been kept in the vaults abroad. Just under half of them are now stored in New York, a little more than 10 percent each in London and Paris, with the remaining third kept in vaults at the Bundesbank’s headquarters in Frankfurt.

[dennisw]

huh!!!!????

[Ruy Dias de Bivar]

Reopen the mines, pump out the water, send in criminals to work the ore.

I have no problem with prison labor in the mines.

[Mariner]

No direct evidence of Roberts assertion.

None.

It's far more likely he's DEEP into bullion and needs a revival.

Debt deflation is a far more likely scenario.