Federal Reserve Bank New York Lost 47 tonnes Of Gold In November The number we all have been waiting for; The Federal Reserve Bank of New York (FRBNY), which is the custodian for parts of the official gold reserves of 36 nations and the IMF, e.g. The Netherlands and Germany, saw its inventory of foreign gold deposits drop by 47 tonnes in November 2014. Year to date the FRBNY has lost 166 tonnes. The FRBNY only publishes how much gold it stores in total for foreign nations and the IMF, not country specific. The German central bank, the Bundesbank, or BuBa, first announced a gold repatriation program in 2012. BuBa then revised their program in 2013; it intended to repatriate 300 tonnes of gold from the US and 374 tonnes from France by the end of 2020. However, in 2013 they only received a meager 5 tonnes from the US and 32 tonnes from France. No worries though, said Carl-Ludwig Thiele from BuBa, in 2014 Germany aims to get 30 to 50 tonnes back from New York to remain on schedule. Last November the Dutch central bank (DNB) surprisingly reported it had secretively repatriated 122.5 tonnes from New York. Quickly everybody in the gold space grabbed his or her calculator. If the Dutch got 122.5 tonnes from the FRBNY somewhere in between January and November, than how much should have been withdrawn in total from the FRBNY over this period, in order for Germany to remain on schedule? Now we know, based on official numbers: 166 tonnes was withdrawn in the first eleven months of this year, The Netherlands got 122.5 tonnes, which leaves 44 tonnes that Germany potentially got out of the vaults in Manhattan. https://www.bullionstar.com/blog/ko...e-bank-new-york-lost-47t-of-gold-in-november/
That foreign gold deposits graph tells a story, loads of gold pulled out before credit crunch. Now more being taken out for coming derivative crunch.
WORTH A REMINDER................ ......"Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented,"...... ..."Gunvor, the world's fifth-largest oil trader whose former major shareholder and co-founder was sanctioned by the U.S. this year because of ties to Vladimir Putin, is one of the few large commodity firms that handles precious metals."....
So does that mean the amount of gold the US has is a maximum of 2,104 tonnes? 8133 - 6029? Thats taking into account they haven't used any of their own stack in the last 40 years.
The Federal reserve was created in 1913 to allegedly provide economic stability. In 1929, only 16 years later the stock markets crashed. In 20 years the world suffered the greatest depression in history. In 1933 President Roosevelt issued Executive Order 6102 forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States. The order criminalized the possession of monetary gold by any individual, partnership, association or corporation. New Federal Reserve notes were issued that were not redeemable in gold. http://en.wikipedia.org/wiki/Executive_Order_6102. By 1971 President Nixon cancelled the direct convertibility of the United States dollar to gold. http://en.wikipedia.org/wiki/Nixon_Shock. [youtube]http://www.youtube.com/watch?v=sh163n1lJ4M[/youtube] Nixon resigned in 1974 over the Watergate scandal .... http://en.wikipedia.org/wiki/Watergate_scandal [youtube]http://www.youtube.com/watch?v=GYNVNhB-m0o[/youtube]
20 Nov 2014 Ukraine's Gold Reserves (20 tons) Reported Missing The head of the Ukraine Central Bank just announced on Ukrainian TV: "in the vaults of the Central Bank there is almost no gold left." 20 tons unaccounted for Likely didn't just disappear, but has been quietly depleted over the past year Or has been spirited away to the US Historically this is a trend preceding failed states i.e. USSR Serious reason to believe US has possession "... we reported of a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, "in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US." http://russia-insider.com/en/politi...9/04-47-13pm/ukraines_gold_officially_missing
Glad to see some1 bringing abit reality in this topic. It's foreign owners that store their gold in a US based vault. There is no US "losing" anything. And according to the table (I should hunt for the source first though, as to see if nothing is a scam to begin with), in 2014 166.5 tonnes was moved out of the vault. Last year 880 tonnes was moved out (or just ownership relabeled haha) of the vaults of physically backed gold Exchange Traded Funds. All this topics gold is property from foreign governments like Germany. The owners just stay the same. If a stacker moves gold from his baseroom to his bank locker or vice versa, does it affect the price in any way? What I see in recent days is lotsa new topics reviving old stories (articles from a month, a half year and even over a year ago), with lotsa misleading / selective / evidenceless or even plain wrong claims. Guess the Zerohedge SilverDoctors and rest of the bullion selling scammers club is running a propaganda campaign at the moment. All the source links are to pm promo/selling places. If I find some data and use it as source for a claim, I just give the url where I found it. Check these scammers club sites. They never do so. Nearly all, if not all, occurrences that I actually hunted down the original source, nothing there supported the claim, and at times even literally denied it, alike the case of the 16 trillion USD that would have been created by the Fed in the slipstream of the 2008 crisis (QE1), as so called "reveiled" in a GAO audit of the Fed document. The page with the data explicitly stated that the 16 trillion sum was the NOT term adjusted total of the loans. After term adjustment, a next table, a page lower, the exact same amount (a fat single trillion) of QE1 appeared. The trick that the scammers club uses allows to claim any total. One could take ALL the loans that the Fed gave out over the past century, sum them up to a total, to then claim WOOHOO MEGA INFLATION TO COME RUN ORDER GOLD AT US!. Many TAF loans were prolonged, meaning that the loan period was extended. If you postpone the payback of 1 billion two times, then that doesn't make it a 3 billion loan. At not any time the borrower can spend more than 1 billion. Yet, there were 2 Australia bank cases, were aboves scammers club did that. And then some people ask for proves of manipulation. Open eyes lol?
Well, they were, the existence reason of the Federal Reserve, and any central bank, is to fight beyond single product active speculators. Speculators punish bad products and reward good products. Since the Fed, and governments / state and their actively or passively sponsored club parasites mainly deliver / force bad products (upto even plain unwanted lol) at a non negotiatable price, speculators threat the "stability" of these. Back then however, industrial era, big techno/scientific progresses, the growth of production price-compensated for the central planned theft. In the later 198x and further, similar progress was achieved (notably computers). At some points in history, the central planning thieves "outrun" the progress, and prices then suddenly jump to double/triple and higher levels, until progress catched up. There are alot scams out there about that gold forbidding. About.ag has a page with a rather big amount links to official / university and book sources: http://about.ag/ExecutiveOrder6102Hoax.htm It ofc doesn't fit in the bullion selling at any price - scheme.
How do you know? Maybe the 8133 that gets quoted in every article and never changes includes foreign holdings. If it didn't that would mean they have 14,162 tonnes. Even if they do have 8133 tonnes its 1.7% of their debt :lol:
http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/current_report.htm Department of the Treasury Bureau of the Fiscal Service STATUS REPORT OF U.S. TREASURY-OWNED GOLD October 31, 2014 Fine Troy Ounces Book Value Total - Treasury-Owned Gold 261,498,926.230 $11,041,059,957.46 261,498,926.230 x 31.1035 / 1,000,000 = 8,133.531851994805 tonnes gold.
The debt is the principal. What they have to pay is just an intrest. That they manipulate themselves. And they have some force and know some ways to get rid of the obligation to pay back, in real terms (purchasing power). And after that, the world won't stop. Only some losers face the choice to cope with it and move on, or to hang and lose further.
Even at near zero interest rates they can't even manage a monthly surplus. I think the deficit for the month of November was $60 billion. And this was a record low. If they aren't managing surplus now what chance to do they have once interest rates rise.
Current: http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/current_report.htm 261,498,926.230 Oldest on http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/previous_reports.htm (January 31, 2012) http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/12-01.htm 261,498,899.316 The difference over this 3 year minus 1 month period is 26.914, so almost 27 ounces gold less. So they do use 27/3=9 ounces gold per year. Maybe it's for some medals / decorations for the Bosses? But it's no problem, at this rate they can continue the decorations for another 29 million years and by then nobody will remember that they had debt.
My opinion is America's stack is just Europe's gold from WW2. How can a country that young have 8 times more gold than any other country.
There have been countries that had interest rates of 17%, 170%, 1700% upto 17000000%. They still exist, they still have a government, they still have an economy and they still watch the Simpsons.
Discovery America? Discovery large gold & silver deposits? Gold rush? Collapse of silver price around 1850 then gold price around 1870? Two centuries mining? Take also into account that all the figures of this topic are the govt owned gold. The total gold in govt hands is about 32000 tonnes. The estimated world gold stock is about 176000 tonnes. Governments just decide how much gold they wanna hold. They do so by inflicting their enemy speculators less ounces gold when buying and less fiat when selling. Why did the US govt decide to hold over 8000 tonnes? Maybe because their currency was chosen by most other govts as major reserve currency? Sometimes it's not 'Yes We Can' but 'Yes We Will'. What is one able to, versus what is one willing to. Humor!
Right, it's supposed to be separate. I wonder whether they lost it too. Whether the US has leased out its own gold, whether it has anything to do with COMEX or something else...
The 8,133 tons is the US amount. During the 1st half the 20th century the US had large trade trade surpluses with European countries and amassed about 22,000 tons of gold. Paying $35/ounce also was another reason that the US accumulated significant gold reserves.
