Just how much gold is in ft knox after all...but another perhaps better question, what's its purity?

[FBD]

http://www.eutimes.net/2011/05/russia-says-imf-chief-jailed-for-discovering-all-us-gold-is-gone/

Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone (http://www.eutimes.net/2011/05/russia-says-imf-chief-jailed-for-discovering-all-us-gold-is-gone/)=http://www.eutimes.net/2011/05/russia-says-imf-chief-jailed-for-discovering-all-us-gold-is-gone/] (https://www.facebook.com/sharer/sharer.php?s=100&p[img=http://www.eutimes.net/wp-content/plugins/wordpress-social-ring/admin/images/sr-pdf.png][img=http://www.eutimes.net/wp-content/plugins/wordpress-social-ring/admin/images/sr-email.png] (http://www.printfriendly.com/print?url=http://www.eutimes.net/2011/05/russia-says-imf-chief-jailed-for-discovering-all-us-gold-is-gone/)

[img=http://previous.presstv.ir/photo/20110519/beglari20110519050806763.jpg]
A new report prepared for Prime Minister Putin by the Federal Security Service (FSB (http://www.fsb.ru/)) says that former International Monetary Fund (IMF (http://www.imf.org/external/index.htm)) Chief Dominique Strauss-Kahn (http://en.wikipedia.org/wiki/Dominique_Strauss-Kahn) was charged and jailed in the US for sex crimes (http://en.wikipedia.org/wiki/Dominique_Strauss-Kahn_sexual_assault_case) on May 14th after his discovery that all of the gold held in the United States Bullion Depository (http://en.wikipedia.org/wiki/United_States_Bullion_Depository) located at Fort Knox was ‘missing and/or unaccounted’ for.

According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold (http://www.imf.org/external/np/exr/faq/goldfaqs.htm) agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs (http://www.imf.org/external/np/exr/facts/sdr.htm)) as an alternative to what are called reserve currencies.

This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA (https://www.cia.gov/)) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.

Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE (http://www.defense.gouv.fr/dgse)) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location.

[img=http://www.whatdoesitmean.com/imt3.jpg]

Once Strauss-Kahn was safely boarded on an Air France flight to Paris, however, this FSB report says he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.

Within the past fortnight, this report continues, Strauss-Kahn reached out to his close friend and top Egyptian banker Mahmoud Abdel Salam Omar to retrieve from the US the evidence given to him by the CIA. Omar, however, and exactly like Strauss-Kahn before him, was charged yesterday (http://www.cnbc.com/id/43221009) by the US with a sex crime against a luxury hotel maid, a charge the FSB labels as ‘beyond belief’ due to Omar being 74-years-old and a devout Muslim.

In an astounding move puzzling many in Moscow, Putin after reading this secret FSB report today ordered posted to the Kremlin’s official website a defense of Strauss-Khan becoming the first world leader to state that the former IMF chief was a victim of a US conspiracy (http://www.dailymail.co.uk/news/article-1392463/Vladimir-Putin-claims-Dominique-Strauss-Khan-victim-conspiracy-force-out.html). Putin further stated, “It’s hard for me to evaluate the hidden political motives but I cannot believe that it looks the way it was initially introduced. It doesn’t sit right in my head.”

Interesting to note about all of these events is that one of the United States top Congressman, and 2012 Presidential candidate, Ron Paul [photo bottom left] has long stated his belief that the US government has lied about its gold reserves held at Fort Knox. So concerned had Congressman Paul become about the US government and the Federal Reserve hiding the truth about American gold reserves he put forward a bill in late 2010 to force an audit of them (http://thehill.com/blogs/blog-briefing-room/news/116341-ron-paul-plans-bill-to-audit-us-gold-reserves), but which was subsequently defeated by Obama regime forces.

When directly asked by reporters if he believed there was no gold in Fort Knox or the Federal Reserve, Congressman Paul gave the incredible reply, “I think it is a possibility (http://thehill.com/blogs/blog-briefing-room/news/116341-ron-paul-plans-bill-to-audit-us-gold-reserves).”

Also interesting to note is that barely 3 days after the arrest of Strauss-Kahn, Congressman Paul made a new call for the US to sell its gold reserves by stating, “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak (http://www.infowars.com/ron-paul-sell-fort-knox-gold-to-battle-debt/).”

Bizarre reports emanating from the US for years, however, suggest there is no gold to sell, and as we can read as posted in 2009 on the ViewZone.Com news site (http://viewzone2.com/fakegoldx.html):

“In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”

To the final fate of Strauss-Kahn it is not in our knowing, but new reports coming from the United States show his determination not to go down without a fight as he has hired what is described as a ‘crack team (http://www.dailymail.co.uk/news/article-1392158/Dominique-Strauss-Kahn-hires-crack-team-CIA-spies-private-investigators-media-advisers-long-legal-fight-ahead.html)’ of former CIA spies, private investigators and media advisers to defend him.
To the practical effects on the global economy should it be proved that the US, indeed, has been lying about its gold reserves, Russia’s Central Bank yesterday ordered the interest rate (http://www.washingtonpost.com/business/russias-central-bank-unexpectedly-lifts-deposit-interest-rate/2011/05/30/AGg4ZiEH_story.html) raised from 0.25 to 3.5 percent and Putin ordered the export ban on wheat and grain crops lifted by July 1st (http://www.google.com/hostednews/afp/article/ALeqM5jGZXJfX9jN-VYHGUAidyl5w9cOcA?docId=CNG.699dc08a5f873f53071a31 7e008a7a5b.711) in a move designed to fill the Motherlands coffers with money that normally would have flowed to the US.

The American peoples ability to know the truth of these things, and as always, has been shouted out by their propaganda media organs leaving them in danger of not being prepared for the horrific economic collapse (http://theeconomiccollapseblog.com/archives/20-questions-to-ask-anyone-foolish-enough-to-believe-the-economic-crisis-is-over) of their nation now believed will much sooner than later.





--------------------------------------------------------------------------------------------------


So with that in mind,
http://www.zerohedge.com/news/2015-02-10/keys-gold-vaults-new-york-fed-%E2%80%98coin-bars%E2%80%99-%E2%80%98melts%E2%80%99-and-bundesbank

Part 1 (https://www.bullionstar.com/blog/ronan-manly/keys-gold-vaults-new-york-fed-part-1/) of this series reviewed Federal Reserve Bank of New York (FRBNY) publications that cover the Fed’s gold storage vaults in Manhattan, and illustrated how the information in these publications has been watered down over time. Part 1 also showed that the number of foreign central bank customers storing gold with the FRBNY has fallen substantially since the late 1990s.


Part 2 (https://www.bullionstar.com/blog/ronan-manly/keys-gold-vaults-new-york-fed-part-2-auxiliary-vault/) covered the Fed’s rarely discussed ‘Auxiliary Vault’ and suggested that this auxiliary vault of the Fed is probably located in the neighbouring Chase Manhattan Plaza vault facility, now run by JP Morgan.


Part 3 now looks at ‘Coin Bars’, another rarely discussed topic which is relevant to the gold at the New York Fed and that may well explain why the Deutsche Bundesbank needed to melt down the majority of the gold that it has so far repatriated from New York.
‘Coin bars’ is a bullion industry term referring to bars that were made by melting gold coins in a process that did not refine the gold nor remove the other metals or metal alloys that were in the coins. The molten metal was just recast directly into bar form.


Because it’s a concept critical to the FRBNY stored gold, the concept of US Assay Office / Mint gold bar ‘Melts’ is also highlighted below.

---------------------
That is a big read, but if you want the crux of it, it is in this single comment:



85 tons of "gold" - 32 tons of "inpurities" = about 50 tons of .995 fine gold. What other way is there to interpret it?




---------------

[U]So in other words, the little gold that is left in places like Ft KNox, is of sub par quality that does not even meet today's standards of market sale.

Someone said something about it, and also "happened to commit sexual assault" so they had to arrest him and remove him from his position...

[Hal-9000]

okay, so no repercussions after this? How valid is that report?


“In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”

[redred]

https://www.youtube.com/watch?v=gSq8ZBdSxNU

[FBD]

okay, so no repercussions after this? How valid is that report?


“In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”

it is rather curious how well this information was buried now isnt it?

keep stackin, these are basically fire sale prices right now compared to where things are going to be.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2015/01/11111.png

dollar's getting too big, it was sideways for quite a while now its appreciating like mad vs these others? not good. not good at all. lots of people have said stocks are going to crash in '15.

to the extent that I know the fundamentals, I know that they only loosely and sporadically apply...

[Teh One Who Knocks]

https://www.youtube.com/watch?v=GPjhHcLpfr4

[PorkChopSandwiches]

Where Is Germany's Gold?

Almost half of Germany’s gold is stored in vaults under the streets of Manhattan. Or is it?


Peter Boehringer hates the word “conspiracy.” It implies something crazy, and if you spend even a little time with the 45-year-old German, it becomes clear he’s driven by a desire for order. On a recent morning in Munich, he’s dressed in a cobalt blue shirt that matches his blue tie and blue eyes. His black hair is cropped close above his receded hairline. In his gray Volkswagen minivan, the cup holder contains two identical water bottles, each filled to the same level. At the end of a daylong interview, for which Boehringer has arranged an hour-by-hour itinerary, he sends a follow-up e-mail with a numbered summation of points he’s made. No. 2 says that the crusade he’s been waging for the last three years is simply about transparency. “Questions,” he writes, “by definition cannot be ‘conspiracy theories.’ ”

Boehringer is a gold bug, a member of the impassioned tribe of investors and academics who distrust central banks and paper money, unless the governments that print it will exchange the cash for gold or silver from their vaults. He has an asset management firm that invests his own money and that of clients in gold, silver, and mining stocks, and he’s a founder of the nonprofit German Precious Metal Society, which educates the public about “the craziness of unbacked monetary systems,” he says. In short, Boehringer is worried that the global economy is built on a fiction of currencies that aren’t backed by precious metals. Which is why he set out to make sure the gold that Germany and other nations say they have actually exists.

Almost half of Germany’s gold resides at 33 Liberty St., the headquarters of the Federal Reserve Bank of New York, 80 feet below street level in a vault that sits on Manhattan’s bedrock. In 2012, Boehringer started a campaign on his blog to bring it home. He argued the gold should be shipped to the German central bank in Frankfurt. The hoard, amassed during Germany’s postwar boom, had never been subject to a published bar-by-bar physical review by its owners.

That lack of accounting had become an insatiable itch for Boehringer. As the volunteer chairman of a private storage company for silver and gold investors based in Gerstetten, Germany, Boehringer personally counts the holdings each year by lugging metal valued at some €140 million ($161 million) from one end of the vault to the other, just to make sure it’s all there. His blog became a hub for precious-metal fans. As gold prices peaked in 2011, the Taxpayers Association of Europe asked him to draft a letter to the Deutsche Bundesbank seeking to know precisely where the central bank’s gold was. He eagerly agreed to help the group, which advocates for lower taxes and serves as an umbrella for 29 national associations across the continent. After receiving a response that wasn’t detailed enough to satisfy him, Boehringer pressed on, starting the “Repatriate Our Gold” campaign in February 2012. He conceded it had low odds of success. Gold bugs largely inhabit the fringes of finance, and some of their apocalyptic arguments for investing had begun to show cracks as gold prices slid. Opponents including bankers and journalists branded Boehringer a conspiracy theorist for even suggesting something was amiss at the core of global finance. Then the seemingly impossible happened: He started to win.


Because it doesn’t react with air or water, gold always glitters, even in shipwrecks lost for centuries. It’s so dense—19.3 times heavier than water—that when you lift an ingot, the disconnect between what your eyes see and your hands feel produces an odd sensation, as if you’re on a planet with a stronger gravitational pull. A standard central bank gold bar is a bit smaller than two soda cans stuck together end-to-end but weighs about 27 pounds, the combined heft of four newborn babies.

Less than 175,000 metric tons (386 million pounds) of gold have been mined in all human history, according to the World Gold Council. Melt it all down—King Tutankhamun’s death mask, the bars in Fort Knox, your wedding ring—and it would form a cube 21 meters on each side, reaching just one eighth the height of the Washington Monument. A 1-kilogram gold bar is the size of a flip phone and could buy a BMW.

Gold also has a deeper appeal. When stocks and bonds are plummeting on paper, gold is reassuringly physical. Speaking in October at the Council on Foreign Relations, former Federal Reserve Chairman Alan Greenspan said gold is so universally treated like money itself, it’s as if it’s “inbred into human beings.” The fact that gold can be touched means, of course, that it can also disappear.

Boehringer cites an anecdote from almost a century ago to argue that Germany has failed to zealously protect its gold holdings. In the 1920s the president of the German central bank, Hjalmar Schacht, paid a visit to the New York Fed and its founding president, Benjamin Strong. In an episode recounted in his 1955 autobiography, Schacht wrote, “Strong was proud to be able to show us the vaults which were situated in the deepest cellar of the building and remarked: ‘Now, Herr Schacht, you shall see where the Reichsbank gold is kept.’ ”

The two bankers waited as New York Fed staff sought the German stash. “At length we were told: ‘Mr. Strong, we can’t find the Reichsbank gold.’ ” Schacht comforted the flabbergasted Fed banker: “Never mind; I believe you when you say the gold is there. Even if it weren’t you are good for its replacement.” The men left without the German seeing his bars, instead accepting their existence as a matter of trust.

Assuming the German gold actually was somewhere at 33 Liberty St. at the time, it’s probably now long gone. The period between the World Wars was plagued by runaway inflation in which Germans legendarily shopped with wheelbarrows of cash and burned bundles of reichsmarks for warmth. (Among the inflation causes, Germany had stopped backing its currency with gold during World War I.) Adolf Hitler exploited the economic meltdown to seize power and then drained Germany’s gold holdings, including assets he stole from Jews, to pay for World War II.

After the war, global trade revolved around the U.S. dollar, which was backed by gold. Under the arrangement, any nation could cash in its greenbacks for ingots at any time. As West Germany’s economy took off, the nation ran a trade surplus during the 1950s and ’60s. German companies exchanged their dollars for deutsche marks, filling the new Deutsche Bundesbank with U.S. currency. The central bank, in turn, switched the dollars for gold at the New York Fed, swelling its stores under Liberty Street. That ended in 1971 when President Richard Nixon suspended gold conversions, making the dollar a “fiat currency,” backed by nothing but the public’s confidence in the U.S. During the Cold War, it made sense to keep the gold in Manhattan rather than Frankfurt, 75 miles from the Iron Curtain, just in case the Soviets invaded. Yet even after the Berlin Wall fell in 1989, the gold remained in New York. Or so the Germans have been told.


The bursting of the dot-com bubble in the early 2000s left Boehringer, who’d done tech investing, without a job and with time on his hands. After a life ticking the boxes of conventional success—growing up middle class near Stuttgart, earning dual degrees in information technology and business, working as a management consultant for Booz & Co. and a private equity group—he got to thinking for the first time about how the global economy works.

“Some things didn’t add up,” he says, especially the trust-based monetary system. “I saw how destructive paper money could become.” Concluding that precious metals were a reliable store of wealth, he became a gold evangelist, blogging and starting his money-management business in 2003. Three years later he founded the German Precious Metal Society, which organizes conferences and speeches on topics such as gold price manipulation and trends in gold demand in Asia. It was through his activism that the Taxpayers Association of Europe found Boehringer, and they started their campaign.

The first breakthrough occurred in September 2012, when Germany’s Audit Court followed Boehringer with its own, similar demands. The court, which is a branch of the federal government that examines federal financial management, asked the Bundesbank to say how much gold it had and where it was located and to physically inspect the bars, saying their existence had never been verified.

The Bundesbank responded a month later, revealing that at the end of 2011 it had 271,265 bars weighing 3,396 tons—today worth about $140 billion. They were stored in Frankfurt and at the New York Fed, the Bank of England in London, and the Bank of France in Paris. “Every year, these central banks provide the Bundesbank with confirmation of its holdings of gold,” the German bank said. “The integrity, reputation, and security of these foreign depositories are beyond reproach. … There is no possibility of confusion or commingling with the holdings of other parties.” The single biggest slice of the German reserves, at 45 percent, was in Lower Manhattan: 122,597 bars weighing about 1,536 tons, dwarfing the 1,036 tons held in Germany itself.

But the Bundesbank said the physical inventory requested by the audit court didn’t conform to common practice among central banks—that is, one does not just show up at the New York Fed and start counting gold bars.

The Bundesbank told the German parliament it was in talks to gain access and that the New York Fed was receptive, as long as its own security and logistical constraints were taken into account. Bundesbank executive board member Carl-Ludwig Thiele, who testified to the parliament’s budget committee, added, “We’re in negotiations with our partner central banks to develop auditing rights.”


For Boehringer, the disclosure that it would take negotiations to access the gold felt like proof he was on the right track. The limited transparency he’d won had made plain that Germany didn’t necessarily have the right to thoroughly examine the single largest stash of its own gold. “Central banks live from their trust,” he says. “Our campaign has the ability to put that trust in question.”

In October 2012, as part of a compromise with the audit court, the Bundesbank said it would start bringing home some of the reserves. At first, the bank said it would move 150 tons of gold, valued at about $8.4 billion at the time, from New York to its own vaults, dividing the shipments evenly over three years. “It was a huge success for us,” Boehringer says. “I would never have believed that.” The German central bank later expanded its repatriation plan to 300 tons from New York to Frankfurt by 2020.

Boehringer had to wait until Christmas Eve 2013 to see if the Bundesbank was making good on the pledge. That day, the central bank announced the first-year tally in the tabloid Bild under a front-page headline, “Today Only Good News.” “At last! The Bundesbank gets its gold treasure back,” the story said. The amounts, however, were underwhelming. Although 32 tons came from the Bank of France, just 5 tons came from New York—a tenth of the original plan of 50 tons a year from the New York Fed.

“Why so little material?” Boehringer recalls wondering. “Something smelled fishy.” The article quoted Bundesbank President Jens Weidmann saying the repatriation had been “a huge logistical challenge.” Yet one ton of gold, formed into a cube, is just larger than a plastic milk crate. Five tons of gold bars can fit into the back of a pickup truck, assuming the truck’s suspension can handle the weight.

“The organisational preparations were very time-consuming since the required agreements and contracts are voluminous and detailed,” the Bundesbank’s Thiele said in a statement four weeks later. Additionally, some bars in New York had to be melted and recast. To Boehringer, the recasting was the ultimate red flag. It meant any trace of original serial numbers had been wiped out. “Their untouched existence since the 1960s is no longer provable,” Boehringer says.

The Bundesbank explained that it recast the bars because they hadn’t met the “London good delivery” standard. Such gold is at least 99.5 percent pure and comes in bars of roughly 400 troy ounces, or 12.44 kilograms. They must bear certain marks, such as year of manufacture, and have sides that measure within specified dimensions. The gold in American vaults is a mix of London good delivery and lower-quality bars. Boehringer figured maybe the German bars had oddball weights and purities and needed to be recast.

He did some quick math on the Bundesbank’s own numbers, dividing the total weight it had disclosed for New York holdings by the number of bars it listed. It came out to about 12.5 kilograms per bar—same as London good delivery. If the central bank’s published numbers were right, Boehringer says, “There would not be a reason to melt them, but they did.”

Asked about the calculations, a Bundesbank spokesperson says meeting the London good delivery standard “cannot be reduced entirely to the weight of a gold bar but needs to take various other features into account, one criterion being the outer appearance.” The spokesperson also noted that “parts of the gold reserves, which were relocated from New York to Frankfurt,” were recast to meet that standard.



Boehringer still doesn’t buy it. “Why, of all the possible bars—120,000—it chose to repatriate, did it choose bars that were nonconforming?” He also questions why the Bundesbank doesn’t publish lists of bar numbers, which would allow other depositors to see if there’s any double counting of the same gold under multiple owners. The Bundesbank says it has such lists for all the gold it keeps in custody at the New York Fed but that “security reasons” prevent it from making those lists public.

“Why is a bar list a security risk?” Boehringer says. It reminds him of the 1920s visit the Reichsbank president paid to the New York vault. “That’s the culture of ‘I don’t want to know,’ ” he says.

Boehringer speculates that individual bars may have several owners, perhaps as the result of bars being leased, sold, or subject to complicated financial arrangements. “I can’t prove it,” he adds, saying the onus of proof should be on the central bankers, not him. He isn’t alone in raising doubts. John Hathaway, co-manager of the $1.3 billion Tocqueville Gold Fund, says Germany might need the slow, seven-year repatriation window to unwind complex financial arrangements by which the gold was loaned out, perhaps several times. Their questions about multiple owners aren’t completely out of left field, as there is a loan market in which gold bars are put up as collateral and then sold to third parties for the duration of the deals.




The German central bank says that’s not the case with its New York gold and that its repatriation plans will be completed on schedule. “The Deutsche Bundesbank has never loaned gold bars held in custody at the New York Fed into the market or to other central banks,” the bank said.

The New York Fed says it isn’t party to any transactions that the gold in its custody may be involved in. It says all gold bars on deposit are present at the 33 Liberty St. vault and that the bank doesn’t recognize any third-party rights or interests other than those of the account holder. In response to questions for this story, the bank also says foreign depositors are able to conduct inventories and that it provides those depositors with lists of bar numbers for all holdings.



Bar lists were cross-checked with bar markings. Spot checks found no irregularities. Yet any identifying trace of the original gold had been wiped out


The gold may be in order. The gold may not be in order. But either way, gold bugs around the world are winning unprecedented concessions from their governments, and gold is streaming out of 33 Liberty St. and across the Atlantic.

In May 2014, the Bank of Italy, which has the third-biggest gold reserves after the U.S. and Germany, ended years of secrecy by disclosing the locations of its holdings. Citing the German repatriations, the central bank said about half its gold is in Rome and most of the rest is beneath the New York Fed. Then in November, the Dutch central bank announced that it had secretly moved 122.5 tons of gold from New York to Amsterdam. In apparently just months, the Dutch had shipped almost 25 times the gold that Germany moved in all of 2013. “Beyond realising a more balanced distribution of the gold stock across the different locations, this may also have a positive effect on public confidence,” the Dutch bank said in its announcement. Soon after, the leader of France’s anti-euro, anti-immigration National Front party, Marine Le Pen, asked the Bank of France for an independent audit of its gold and to reveal any lending or financial commitments related to the reserves.

At the end of November, a referendum in Switzerland to repatriate some holdings failed but led the country’s central bank to disclose locations and amounts of its gold for the first time. Swiss politicians are pushing for more. “I want a clear inspection where you have a list of all the gold bars, where it’s written that it’s fine gold and only belongs to Switzerland,” says Lukas Reimann, a member of the Swiss parliament who led the referendum.

On Jan. 19, the Bundesbank delivered its own surprise, publishing a tally of its 2014 gold repatriations. During the year, the German central bank had shipped 85 tons from New York to Frankfurt, blowing away the mere 5 tons from 2013 and setting a pace at which the Bundesbank would easily meet its target of 300 tons returned by 2020.

Even if the world’s biggest central banks did explain away his gold bug speculations, Boehringer had triumphed. But for him, and his sense of order, the itch is never scratched. There were still 1,447 tons of German gold under Manhattan at year’s end, and he wants all of it back in Frankfurt. At the current rate it would take more than 30 years for all German gold stored abroad to return, he says.

And there’s this detail from the German announcement: “The Bundesbank took advantage of the transfer from New York to have roughly 50 tonnes of gold melted down and recast according to the London Good Delivery standard.” Bar lists were cross-checked with bar markings, the statement said. Spot checks found no irregularities. Yet any identifying trace of the original gold had been wiped out, the bars “now destroyed,” a freshly fired-up Boehringer says. Melted bars might not prove something’s rotten under Liberty Street, but the mere disclosure shows Boehringer is making a difference.

[Teh One Who Knocks]

https://www.youtube.com/watch?v=p9PjrtcHJPo

[Teh One Who Knocks]

https://www.youtube.com/watch?v=Rl3ELiPXFRo

[Hal-9000]

so why can't an independent entity (outside of the US) test and audit the Fort Knox supply?

if everything is kosher why can't American be held accountable?

[FBD]

It is telling that they gave Germany coin gold and melt gold but not the fine stuff - which pretty much states that by and large, the fine stuff does not reside at ft knox of any US government location.

[PorkChopSandwiches]

It is telling that they gave Germany coin gold and melt gold but not the fine stuff - which pretty much states that by and large, the fine stuff does not reside at ft knox of any US government location.

Or in NY

[Noilly Pratt]

Oops.
It's all lies - Hilary didn't see combat, Williams wasn't shot down...the gold isn't pure - who to trust? (retorical question the answer is nobody)

Obligatory gold video

http://youtu.be/z8YdlJMQy-8

[FBD]

if everything is kosher why can't American be held accountable?

surely you cant be serious :lol:


seriously though, the US hasnt been held accountable to damn near anything......yet.


why, because the scam still has some playing out to do.


but make no mistake, when the time comes, "America" "will be held accountable" but those truly responsible will more than likely not even have their names so much as whispered in any hall of Official sanction.

[Griffin]

I thought every one knew that most of the Ft Knox gold was used on the production of space exploration craft.

[Hal-9000]

surely you cant be serious :lol:


seriously though, the US hasnt been held accountable to damn near anything......yet.


why, because the scam still has some playing out to do.


but make no mistake, when the time comes, "America" "will be held accountable" but those truly responsible will more than likely not even have their names so much as whispered in any hall of Official sanction.


So it's like a UN situation where the US can say and do anything it pleases despite the ramifications? One would think with something as important as the gold standard in world economics, that another country would demand to 'see the goods' so to speak.

[FBD]

Hal does the acronym LIBOR mean anything to you? ;)

[PorkChopSandwiches]

:lol: True True

[Hal-9000]

Hal does the acronym LIBOR mean anything to you? ;)

Nope...and quit winking at me, I don't swing that way

[PorkChopSandwiches]

:wank:;):lwank:

[Hal-9000]

:lol: tell me what LIBTOR or whatever means you mooks..

[PorkChopSandwiches]

http://www.investopedia.com/terms/l/libor.asp

[FBD]

London InterBank Offered Rates

so basically, a bunch of big banks got together and decided they'd "benchmark" all their stuff...

only it got to the point where they were all manipulating, doing each other favors by fucking their own and each other's clients, taking positions against their clients' bets, etc

go to www.zerohedge.com and type in LIBOR in the search and you'll get plenty of good stuff.





so with that concept set - they have done the same thing with the manipulation of precious metals.


that's why there's huge gold and silver PAPER markets.... people trade and "invest" in....

but when push comes to shove, these people are going to find out that a couple hundred other people will also have a claim on the same chunk of metal they do


the paper metals market is just a plunder scheme. phyzzzzzzz is where the real value of it is, possession is the law, firesale prices for it right now, I would highly, highly advise hedging against currency collapse in this manner, all of you.

[Hal-9000]

yes I think about solvency when I hear those stories...ie for whatever reason everyone at once wants to trade their paper for actual gold or silver...

US gov - :shrug: sorry folks

[FBD]

yup - and remember all that gold that the US government confiscated from citizens back in the 1930s - that's what this "coin gold" is referring to, because it was straight up melted down and cast into bars, impurities and all - like 35 tons of impurities - and that is the reason why "it will take germany 7 years to get their gold back" - because they are being given the bottom of the barrel shit stuff that has to be melted down and tons and tons of chaff siphoned off before it is recast into fine purity stuff.

in other words, all of the fine stuff that the FR banks and Ft Knox and wherever else "the US Government" "stored its gold" and the gold of the other nations that sent it here to prevent capture in WWII....has all been taken or sold, for the most part. the federal reserve was rather clear in stating that there is no gold backing the US dollar. at all. that doesnt mean they dont "have some gold assets" but the fact is the owners of the big banks have basically confiscated the gold.

I mean, maybe they "bought" it...but when you create the currency out of thin air with which to buy it....how's that any different from outright theft?

[Hal-9000]

wouldn't that just piss you right off...you figure out a way into Fort Knox, come away with 200 lbs of gold bars, get them tested and the guys says - Meh, it's about 37% pure. I'll give you 2500 for the lot

[FBD]

:lol: if I had managed to steal any gold from there I'd have been melting it down myself instead of trying to convince someone of an unstamped brick of coin gold's actual contents :lol:


here's some of the chats that got the LIBOR manipulators busted....but then again how busted because all the banks that did it paid perhaps .00005% of their profits in penalties, so all in all it was extremely profitable for them, even having been caught. helps when you have the law in your back pocket.

EXAMPLES OF MISCONDUCT

Yen LIBOR Manipulative Conduct Within RBS:

August 20, 2007: (Emphasis added.) (RBS Order pp. 17-18.)

Yen Trader 4: where’s young [Yen Trader 1] thinking of setting it?

Yen Trader 1: where would you like it[,] libor that is[,] same as yesterday is call

Yen Trader 4: haha, glad you clarified ! mixed feelings but mostly I’d like it all lower so the world starts to make a little more sense.

Senior Yen Trader: the whole HF [hedge fund] world will be kissing you instead of calling me if libor move lower

Yen Trader 1: ok, i will move the curve down[,] 1bp[,] maybe more[,] if I can

Senior Yen Trader: maybe after tomorrow fixing hehehe

Yen Trader 1: fine[,] will go with same as yesterday then

Senior Yen Trader: cool

Yen Trader 1: maybe a touch higher tomorrow

August 20, 2007: (Emphasis added.) (Reflecting awareness of UBS conduct.) (RBS Order pp. 14-15.)

Senior Yen Trader: this libor setting is getting nutss

[…]

Bank A Trader: im puzzled as to why 3m libor fixing not coming off after the FED action

[…]

Bank B Trader: [UBS] is lending dolls through my currencies in 3 month do u see him doing the same in urs

[…]

Senior Yen Trader: yes[,] he always led usd in my mkt[,] the jpy libor is a cartel now

[…]

Senior Yen Trader: its just amazing how libor fixing can make you that much money

[…]

Senior Yen Trader: its a cartel now in london[.] they smack all the 1yr irs ..and fix it very high or low

December 5, 2007: (Emphasis added.) (RBS Order p. 15.)

Yen Trader 2: FYI libors higher again today

[…]

Yen Trader 4: ‘ucksake. keep ours low if poss. don’t understand why needs to go up in yen

Yen Trader 2: no reason dude[,] [Bank C] and [Bank D] went high yest

Yen Trader 4: send the boys round

[…]

Yen Manager: pure manipulation going on

April 2, 2008: (Emphasis added.) (RBS Order p. 10.)

Senior Yen Trader: nice libor[.] our 6m fixing move the entire fixing[.] hahahah

Yen Trader 1: the BBA called to ask me about that today

Senior Yen Trader: really?

Yen Trader 1: yes

Senior Yen Trader: they complain?

Yen Trader 1: asked to speak to me about the low 6m rate

Yen Trader 1: no[,] just to make sure i was happy with it

[…]

Senior Yen Trader: i think some banks must have complain

Yen Trader 1: he called b4 any of the other banks saw our data[,] at about 11.15[,] to check it was ok

Senior Yen Trader: oh then its fine

Yen Trader 1: before publishing

Senior Yen Trader: i am sure some HF [hedge fund] will complain tomorrow ..

Yen Trader 1: tough

Senior Yen Trader: we will say we lower every tenor ..1m 3m 6m ..we feel rbs name has very good credit ..no problem getting money in

Senior Yen Trader: good way to boost share price!

Senior Yen Trader: our 3m libor is at top end …6m at bottom end …just the ideal level!

September 3, 2009: (RBS Order p. 9.)

Senior Yen Trader: [Yen Trader 6], can you ask [Primary Submitter] to drop 3m Libor by 1 bps? hold 6m libor unchange [sic] thanks

Yen Trader 6: Yes[,] going over to his desk now[,] yup, 6s going unch, 3s will drop by 1

Senior Yen Trader: domo

September 14 and 15, 2009: (Emphasis added.) (Primary Submitter agrees to switch direction of submissions over two consecutive days.) (RBS Order p. 16.)

September 14:

Yen Trader 1: high 3s and 6s please

Primary Submitter: ok

September 15:

Yen Trader 1: can we lower our fixings today please [Primary Submitter]

Primary Submitter: make your mind up[,] haha , yes no probs

Yen Trader 1: im like a whores drawers

Yen Manager’s Participation

August 22, 2007: (RBS Order pp. 10-11, 18.)

Yen Manager: Hi Mate, where are u calling the 6m and 3s Libor today ?

Yen Trader 1: i put in 1.05 and 1.15

Yen Manager: ok cool...is that close to consensus ?

Yen Trader 1: i think my 3s are too high[,] 6s will prob be 1.13 too[,] but i wanted high fixes today

Yen Manager: ok cool[,] its all a random variable for us at this stage it is just we have some small fixings

Yen Trader 1: well let me know if you have any preferencves [sic][,] each day

Yen Manager: thx will do

December 3, 2007: (RBS Order p. 11.)

Yen Manager: for choice we want lower libors...let the [Money Market] guys know pls

Yen Trader 2: sure i am setting today as [Yen Trader 1] and cash guy off [Primary Submitter]

Yen Manager: great set it nice and low

Yen Trader 2: 1.02 in 6m or lower

Yen Manager: yeh lower

Yen Trader 2: 1.01 then cant really go much lower than that

Yen Manager: ok

Yen Trader 2: u care for 1m and 3m too[?] looks to me like fra map pretty flat

Yen Manager: lower generally dude

Yen Trader 2: cool

Yen Manager: within the acceptable bounds

[Hal-9000]

did you just type all that out FBD? :lol:

[FBD]

:lol: no, screen grab