http://www.zerohedge.com/news/2014-11-18/ukraine-admits-its-gold-gone In an interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that "in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves." [youtube]http://www.youtube.com/watch?v=NUrPwhSXwVk[/youtube]
Merkel should have soldiers station inside there to take delivery, but unfortunately Germany is still occupied by the beast.
I don't understand the %of reserves...is that talking about how much of the gold they have is accounted for? what's it a percentage of?
Apparently the whole charade was to appease a minority party when Merkel was up for election, they didn't really want it.
in SA's case I wouldn't be surprised if some large number of tonnes were off the books in case they ever need to establish a government in exile or were in personal house of Saud / pubic Saudi government ownership limbo. Their economy has been crippled for years though, they are backsliding hard, maybe they've been liquidating gold to prop things up?
Taiwan .last time the gold was move from China in small boats to the island. It is safer for Saud to keep their gold in China. They will not get robbed. As to retain it somewhere in Eu. German has more of their gold in London.