Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“.
We have stated repeatedly that with repatriation and/or audit requests completed or in progress by Venezuela, Germany, Switzerland, and the Netherlands, The BOE and the Fed suddenly find themselves in a heap of trouble as the situation (and confidence that the Central banks actually still hold the tungsten gold reserves on deposit) is rapidly deteriorating.
More on the Fed’s non-compliance with German requests to view/inspect their own gold below.
Der Spiegel reports that nearly half of Germany’s entire gold reserves are still held (supposedly) 5 floors below the NY Fed:
The Federal Reserve Bank of New York continues to hold 1,536 metric tons of German gold — or nearly half of Berlin’s reserves. This enormous hoard of gold is stored in the fifth subfloor of the bank’s building on Liberty Street, 25 meters (80 feet) below street level, and 15 meters below sea level. According to the bank’s website, the vault rests on the bedrock of Manhattan Island.
The Fed has reportedly denied German requests to view their own gold reserves, ‘in the interest of security’:
Tourists are allowed to venture below street level to see the vault. After descending in an elevator, they stand in front of an enormous steel cylinder that pivots like a door in a 140-ton steel-and-concrete frame. But not even the owners are allowed to view their own gold. According to the Federal Audit Office report, the Fed explained that “in the interest of security and of the control process” no “viewings” are possible.
Of the 9 compartments supposedly storing German gold, German officials were finally allowed to briefly view a few bars from a single compartment in 2011:
Finally, in 2007, “following numerous enquiries,” Bundesbank staff members were allowed to see the facility, but they reportedly only made it to the anteroom of the German reserves.
In fact, auditors from the Bundesbank made a second visit in May 2011. This time one of the nine compartments was also opened, in which the German gold bars are densely stacked. A few were pulled out and weighed. But this part of the report has been blacked out — out of consideration for the Federal Reserve Bank of New York.
Unlike the US financial MSM, the German media is willing to discuss not only the question of whether the Federal Reserve has absconded with Germany’s gold, but also the risk of a collapse of a fully fiat currency:
The debate over a collapse of strictly paper-based currency is experiencing a renaissance — as is the dispute over the gold reserves. Even Green Party financial expert Gerhard Schick has joined the fray: “I think the question of how much gold is available in an emergency is a valid concern.”
Not surprisingly, Bundesbank officials are attempting to smooth over German concerns about their gold reserves, with board member Thiele snidely remarking that he took a look inside of one of the vaults at the NY Fed recently, and “There was no paper in there, just gold.“:
The Bundesbank also objects to this notion for another reason. It says the gold is supposed to act as an emergency buffer. In the extreme situation of a currency collapse, the bankers say that the gold bars could easily and quickly be exchanged on location for pounds or dollars to pay urgent bills.
In a bid to calm the debate, the Bundesbank has pledged to bring back and inspect 150 tons of gold from abroad over the next three years. Furthermore, there are plans to count and weigh the gold bars stored in one of the nine chambers at the Fed in New York — although no date has been set for this.
Bundesbank board member Thiele was also recently in New York where he took a look behind one of the vault doors. He had good news for the members of the parliamentary budget committee: “There was no paper in there, just gold.”
While Bundesbank officials likely understand the reality (much better than German politicians do) that a German repatriation of it’s entire 1,536 tons of gold reserves held at the NY Fed would likely cause a complete Western financial collapse if/when the Fed failed to promptly deliver said gold (tungsten free), confidence in the Fed and the BOE has clearly been shattered, and it is now only a matter of time for an absolute mad run on every last gram of physical metal underneath the NY Fed ensues.
Got PHYZZ??
HEY GERMANY!
YOU WANT WHAT BACK????!!!!
AAAHHHH HaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHa
hahahahahahahhahahahahahhahahahahahha!!!!!!!!!!!!!!!!!
OH Boy,…. (wiping the tears away from my eyes,….)
Thats the best one I’ve heard all year!!,….
But seriously,……thanks for the laugh Germany.
JD – US Marines – Yeah,.. your gold is aLLLLLLLLL safe and taken care of,… just TRUST The Fed,.. They would NEVER steal it!!!!
Looks like the German central bank knows the gold isn’t there. Govt wants to verify and get it back. The central banks are working together to deceive all. Their bloodline dictates it
the shit is hitting the fan. stay tuned!
The real suckers… the rest of the world.
Paid for all the super naval, air , land weaponry and all the bases for free.
Looks like it’s time for the Fed’s private army, the Pentagon to invade Germany.
will the centuries of usury finally come back to bite the self chosen ones in the arse? I sure hope so! get the rope..er ropes.
I just have one question: why in hell would the Germans allow the Jews to ‘store’ their gold? Am I missing something?
Yes you have missed something:
You see the Germans have become the jews Bitches.
is planet X here yet…?
http://www.ynetnews.com/articles/0,7340,L-4302834,00.html
so-called “Jews” are not Hebrews…they are a smokescreen, camo for the reptilians who are hoarding the gold for the repair work on their atmosphere on TALMUDIA which is actually the galactic sewerage planet
no one on earth has to be a “Jewish”….a simple DNA test will determine who the reptilians are…
http://www.israelect.com/reference/WillieMartin/JewishRitualMurders.htm
arizona has some sidewinders…
http://dprogram.net/2009/08/21/video-olbermann-spins-viper-militia-story-to-demonize-patriots-and-open-carry/
SNAKES…..smoke & mirrors
Hmmm
Common sense dictates that there can only be one reason to refuse a legitimate audit of the German gold held by the FED. That reason is THE FED DOES NOT HAVE THE GOLD IT WAS SOLD TO THE ELITES IN PRIVATE SALES AT $280 OR SO AN OUNCE A DECADE AGO. THERE HASN’T BEEN ANY SIGNIFICANT GOLD IN THERE FOR YEARS. 9-11 SAW A COUPLE OF HUNDRED TONS OF GOLD STOLEN JUST BEFORE THE STRIKES. But as greedy as these scumbags are I am sure that is long gone as well. Soon the world currency will be backed by gold and the world will be shocked to find that the same criminals somehow ended up with the gold… Wake up people we should be demanding a full and entirely open audit of Fort Know as well…..
Reality is of self whereas others’ reality is merely of knowledge. The fact that one’s wage is paid via a promissory note [PN], exchangeable/realisable for one’s desire, is merely an illusion when said PN is denied because it has always been a meduim. This is why said gold cannot be [easily] repatriated because of the exposure of a system which is based on promises. To repatriate means the shift in reality from others [back] to self. And this is the MO of the contemporary era. That Of Promises/Others and not Of Self whereas reverting to Self is the reality, Others being Of Relativity/The-Comparative, the latter being the universe of the parasite, that dandy who lives a Life of Riley by the gathering of others generosity erectd by The Dandy for the benefit of His and His genetics.
Seriously no-one believes in reptilians do they? you been watching a little too many hollywood movies Anthony. Or are you being paid by some shady organisation to spread misinfo on message boards?
Its about crime pure and simple. The so called banking elite have leased, sold, and rehypothecated the gold away. There is nothing elite about these criminals. They are The Parasites That Be.
If the gold is “on deposit” then the right of property in it belongs to the private Federal Reserve, that in turn “owes it” to the “depositor” (Germany). The difference between a “depository” and a “repository” is that with a repository (like a self-storage facility), the right of property in the things “reposited” remains vested in the “repositor”. But anything put into a “depository” is the legal property of the deposit holder who concurrently carries an off-setting liability to the depositor. In the same way that the instant you “deposit” cash (or anything else) into a bank, the cash becomes the legal and actual (physical) property of the bank. It is a critical distinction.
Hmmm
You are correct but the gold being held be the FED is in the form of a repository. In this case the FED has been acting as a gold warehouse. German law prohibts gold from being “deposited” in the manner in which you described. Nice idea though….
I would hope that that is the case but it is important not to assume anything. Words have meaning and a depository is a depository. The critical thing is that with a depository, unlike a repository, the same gold is carried as an asset on the accounting books of two different entities – both the deposit taker and the deposit maker. So if there were for example 100 countries with a total of $1 trillion in gold, then there would be $2 trillion in accounting asset value if each country put its gold “on deposit” with the next in a daisy-chain type of configuration for example.
Likewise with safety-“deposit”-boxes. Legally the label “deposit box” is fair/legal notice that the right of property in the contents is vested in the bank while they are in the possession of the bank, which can then issue bonds against the assets. There may be (conservatively) some $500 billion (USD-equivalent) in bonds out there secured by the aggregate contents of people’s safety-deposit boxes generating interest and/or working (wagering) capital for the banks.
After 3, boys, 1…2…3…
Oh we’re off to see the Wizard
The wonderful Wizard of Oz
The gold has been confiscated by the Allies after WW2. It’s in a secret state contract, and no official today has the guts to admit it. Egon Bahr, advisor to Willy Brandt and other chancellors, wrote about it.