Normally we could be hardly surprised by anything these days, but in this particular case with German Gold Gone Missing we are seriously worried about the human race. Could They be just So Arrogant or we as a whole species really scientifically proven to be classified just as a "Bunch of Morons"? Or maybe GMO has finally made it even into the Elite circles: They do not even bother to spin it out properly any more? Bloomberg editors were having fun yesterday:
Then Rudy Havenstein joined the party:
I keep my .45 for home defense in a bank safe deposit box so I can quickly access it "in an emergency."
http://www.bloomberg.com/news/2014-06-23/german-gold-stays-in-new-york-in-rebuff-to-euro-doubters.html …
The Bundesbank, commenting today on the obvious and confirmed safety of storing German gold in New York and Paris.
http://www.youtube.com/watch?v=zDAmPIq29ro …
"Nearly half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York"
http://www.nytimes.com/2013/01/17/business/global/german-central-bank-to-repatriate-gold-reserves.html …
.@RudyHavenstein @kirillklip .Rudy, it must be The Missing Half of #German #Gold safely stored at NY #FED! #EndGoldManipulation TNR #Gold
If push came to shove, the US would pull an ABN Ambro/Rabobank/MF Global in 2 seconds with any German gold they may still have outright.
Who Wants Their Gold Back?
Now we can safely conclude that German saga is over and Gold will be going much higher: Chinese Virus "Missing Collateral" has finally reached BOE and FED Empty Vaults.
Kirill Klip.:
FED Has Found ... Sorry, Created Inflation To Save Us All - Gold Celebrates ... Quietly So Far.
"Gold and Silver are acting today like if the Chinese virus "Missing Collateral" has finally reached the London BOE vaults!
Bullish For Metals?! Missing Collateral in China, Follow The Trail of Loans, Copper and Fraud.
In my personal opinion, we are witnessing the same game of the rehypothecation as it is happening with FED, BIS, Investment Banks and Gold. This, actually missing metal as collateral, will be the very bullish set up for the commodities markets. After initial selling due to the margin calls and unwinding of Paper Positions in the market, Mr Market will realise that all these metal accounted for the supply and demand picture is NOT there. Industrial demand will stay in place, but Supply which was supposed to be hoarded in the warehouses is missing: the collateral was used a few times for the different transactions. You can study this subject more with explanation in plane English in the very good podcast I have published yesterday: Read more."
Swiss thinks that they know the good medicine against GMO induced coma, please note how often have you heard about it in any media? Little help? Donate your tweets and share it, please:
The Swiss Gold Initiative: Stop Selling Gold, Store All Gold In Switzerland And Back Swiss Franc With 20% Gold.
This Swiss Gold Initiative could become the truly turning point for the world's financial system, people are tired of the manipulation with their money confiscating the savings and wealth."
You can find more of our research on German Gold Gone missing and rebuttal from the Head of German Gold Repatriation Initiative:
There Is No German Gold Left At The New York FED GLD, MUX, TNR.v, GDX
"Die Welt has reported today the bombshell announcement for the Gold market. We have discussed before that only 37 t of Gold out of 674 t was delivered to Germany in 2013 and that the Gold bars were Melted. So not a single original German gold bar was returned to Germany so far!
ZeroHedge reports today that surprisingly only 5 t of gold has been delivered from the NY FED - the rest came from Paris. Now it is not the conspiracy theory any more that there is no German Gold left at the NY FED.
Now all the manipulations in the Gold market and constant smashing down the price in 2013 are coming into another perspective. Germany is very serious about the investigation of the manipulations in the Gold market - it was already reported thatprecious metals manipulation is worse than LIBOR scandal. This investigation has already claimed the first victim: Deutsche Bank to withdraw from Gold fix amid probe.
With the highest on record leverage at COMEX of 112 owners for every single ounce of Gold and record low COMEX registered Gold at 11 t we have the set up for the major blow out phase in the Gold market. Who in their mind will continue to hold Gold at LBMA any more? According to Eric Sprott, we can expect a failure to deliver Gold and lawsuits with deliveries last February from COMEX of 40 t and China buying at least 100 t of Gold every month on average now.
Once Gold will breach $1270 level Andrew Maguire's discussion about the massive short squeeze will become the reality and even if his predictions about $200 Up-days will not materialise, the move by Gold to the upside from the most oversold condition in history will be nothing less than spectacular."
With the highest on record leverage at COMEX of 112 owners for every single ounce of Gold and record low COMEX registered Gold at 11 t we have the set up for the major blow out phase in the Gold market. Who in their mind will continue to hold Gold at LBMA any more? According to Eric Sprott, we can expect a failure to deliver Gold and lawsuits with deliveries last February from COMEX of 40 t and China buying at least 100 t of Gold every month on average now.
Once Gold will breach $1270 level Andrew Maguire's discussion about the massive short squeeze will become the reality and even if his predictions about $200 Up-days will not materialise, the move by Gold to the upside from the most oversold condition in history will be nothing less than spectacular."
Glenn Beck: Where Is German Gold? GLD, TNR.v, MUX, GDX
"Glenn Beck is digging up the mystery of German Gold repatriation. With the reports that even small amount of the delivered Gold so far was melted beforehand we can be sure that there is no more original German Gold left. As we have discussed before, the Gold smashing down has started with Venezuela's request for Gold to be returned back and last year Gold's bloodbath was assured with Germany seeking for its Gold to be returned as well."Dr. Paul Craig Roberts: If the Currency Collapses & You Try to Flee Into Gold, There Won't Be Any GLD, TNR.v, MUX, GDX
"Dr Paul Craigs Roberts talks about all markets being manipulated and presents the big picture of the Gold market and ongoing QE by the FED. Gold price action became the threat to the FED's policies and Gold was smashed down to preserve the status quo and save US Dollar. Markets can not be manipulated forever and now we have the situation when bullion goes to the East and to China particularly with the very dear geopolitical consequences. There is no recovery in U.S. economy and there is no Jobs creation - we would like to mention that this interview was recorded before yesterday disaster with Jobs numbers of only 74k being created and collapse in labour participation numbers."
ZeroHedge:
Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year
ZeroHedge:
Head Of German Gold Repatriation Initiative Responds To Bloomberg Story About Repatriation Halt
Just hours after we noted Bloomberg's story of Germany's decision to halt its repatriation of gold from the NY Fed, the gentleman at the center of the story, who Bloomberg quoted as saying his 'Repatriate Our Gold' campaign was "on hold" - Peter Boehringer - has come out swinging... The Bloomberg story is "a 'non-news' article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach." and that's just the start...
Just to set the record straight re this article in which my name is mentioned and in which I am quoted out of context:
a) BusinessWeek/Bloomberg uncritically cites statements of politicians and BuBa-bankers who have or give no proof whatsoever re the untouched whereabouts of the german Gold.
b) Re our campaign "Repatriate our Gold": "On hold" does of course NOT mean that we are in any way satisfied with the current status of BuBa´s ongoing repatriation (far too slow and too little - only 5 tons came from NY in 2013! Not exactly a proof for the untouched existence of 1500 tons in a NY vault unaudited since 1950...). Our public campaign will therefore have to continue.
c) Almost no info in the article can be considered in any way "news". Simply because there has not been any material news in this context since early 2013.
d) Especially the headline is plainly false, because there has not been any change in BuBa´s (too slow) repatriation plans: at least 300+ tonnes will come from NY by end 2020. It is not much - but contrary to the headline, BuBa has NOT stopped the ongoing partial repatriation - enforced solely by public pressure!
e) The political party "Alternative for Germany" has never been part of our campaign - they can therefore not have been "rebuffed" as the article suggests.
f) The political party "FDP" has (with the exception of one (1) MP ) never demanded a repatriation - yet another false info in the article.
g) Some politicians cited in the article can not in any way claim to be "in charge" of the german gold hoard (abroad or not). This holds true for both Mr Barthle and for Mr Hardt: BuBa alone is in charge - and officially, BuBa is independent from political influence...
Summary: a "non-news" article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach: the main purpose seems to be NOT to give space to the myriad of unanswered and extremely relevant questions BuBa and the Fed have been refusing to answer for decades.
1 comment:
Is there any further reading you would recommend on this?
Amela
Birmingham Safety Deposit Box
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