While Bernanke spent his afternoon today outlining why the gold standard can never work (never mind the fact that it worked perfectly for 2 centuries in America), the Bundesbank has just shattered the remaining confidence in the fractional bullion banking system, announcing that it will repatriate a portion of its gold reserves from the NY Federal Reserve, and ALL 374 tons of its gold held at the Bank of France!

In the months that followed Hugo Chavez’ 110 ton gold repatriation request in the summer of 2011, gold exploded nearly $400 as the bullion banks panicked.  As the Bundesbank’s official gold holdings held at the Fed and the Bank of France dwarf Venezuela’s 110 tons, don’t be surprised if the price of physical gold goes super-nova as Germany’s repatriation request plays out, as paper gold rehypothecated 100 times over must suddenly be conjured up in physical form.   

 

 

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The Handelsblatt reports that Germany wants its gold back from the allies, and that 374 tons of gold will be repatriated from the Bank of France, as well as a portion of the gold held on deposit at the NY Fed
:

The Bundesbank has developed a new concept as to where she should continue storing her gold reserves.  According to information of the Handelsblatt, this approach which will be announced next Wednesday will repatriate the domestic gold, and store less gold in New York, and will hold no more gold in Paris.

Currently, the gold of the Bundesbank outsourced their claims to New York, London, Paris and Frankfurt. In the American Federal Reserve the Bundesbank stores 45 percent of the total 3,396 tonnes of gold, in the Bank of England in London, 13 percent, in the Bank of France in Paris eleven percent and 31 percent at its headquarters in Frankfurt. This distribution is about to change.

 

While the Bundesbank does not specify the amount of gold it will repatriate from the NY Fed, 11% of its total 3,396 tons of reserves held at the Bank of France amounts to 373.56 tons, or 12+ million ounces of physical gold held at the Bank of France.

In other news, a tungsten shortage was announced this evening.

It appears that the game of musical chairs known as the fractional/rehypothecation bullion banking system is nearly over, as the German Bundesbank has officially had a come to Jesus moment regarding The Doc’s favorite phrase:
If You Don’t Hold It, You Don’t Own It!

SD Bullion

    • So, how do you guys think this will play out? Remember, previous time Germany was repatriating, it co-incidented with the Brown’s bottom..
      So shall we have another similar bottom again?

    • @4oz - 
      1) it will cause the ponzi that is debt based currencies is collapsing
      2) doesnt even have to…the last card in the fractional reserve banking scam is CONfidence…once removed its game over…
      all the major global players including the one whose currency will replace the debt coupon dollar as reserve currency r vacuming up all the gold the can cause they know the reset is upon us…just watch 

    • @kaiser sousa.  I agree, the confidence game is ending between banks, while the rest of the people are asleep.  They are trying to get all assets they can before the BIG reset.  I think that is why interest rates are low and gold and silver are low.  Its so that the major players can grab the assets ahead of the reset.
      Only time there is a default is when other countries refuse to deal with the dollar and that is what we are seeing.

    • Just keep in mind that these banks, these people are all in this TOGETHER. They are co-owned. They are family. Either they are directing a magnificent play for the masses or there is an internal rift going on. Don’t know which but never forget they set this thing up together and they will (may) fall together. I hope they have lost control and this mess is finally falling apart. Only true patriots can take back our (American) heritige. The fact that there is utter silence on the patriot front is either hopeful or very depressing.

    • I agree.  There is a mounting ground-swell of gold repatriation requests being made as we speak.  Those who are supposed to have the gold of other nations available had better get their patooties in gear and either find it OR buy it on the open market because the owners are getting restless.  Maybe some of that 144 tons of disappeared Libyan gold could be used for this?  lol
       

  1. “While Bernanke spent his afternoon today outlining why the gold standard can never work (never mind the fact that it worked perfectly for 2 centuries in America)…”
     
    Yeah, but that was way back in the days before the banksters had a complete program for financially screwing every man, woman, and child in the US.  Now that it is in place and working perfectly, who in their right bankster mind would ever want to ruin that wonderful system of corruption?
     
    “In other news, a tungsten shortage was announced this evening.”
     
    LOL!  Now THAT is simply hilarious!  Hopefully, those who are repatriating their gold will do an ultrasonic test on it to make sure that it is SOLID gold and not some mix of gold on the outside, worthless crap on the inside.  They should let it be known that they WILL be running such tests BEFORE they sign any withdrawal receipts.

  2. Haha Brainpower, there gonna settle in SLV. Lmao. Ain’t that the truth.

    While we ponder modern central bank Ponzimonics, let’s not forget our own personal duty to never hold any paper PMs and if we had RUBBISH like “unallocated or pool” PMs I would RUN not walk to redeem the metal and put it in private hiding because every oz of that will be vaporized.

  3. Haha Brainpower, there gonna settle in SLV. Lmao. Ain’t that the truth.

    While we ponder modern central bank Ponzimonics, let’s not forget our own personal duty to never ever ever hold any paper PMs and if we had RUBBISH like “unallocated or pool” PMs I would RUN not walk to redeem the metal and put it in private hiding because every oz will be vaporized. People need to understand this, because not only will REAL physical buyers turn the tide, but we can help thousands of people not end up victims to 3 card Monte pm investing.

  4. This could start an avalache of requests for the repatriation of sovereign gold. When they can’t deliver maybe they will offer silver instead. Don’t invest in tungsten, there could be an over supply soon, as it’s removed from the gold bars.

  5. As the Bundesbank’s official gold holdings held at the Fed and the Bank of France dwarf Venezuela’s 110 tons, don’t be surprised if the price of physical gold goes super-nova as Germany’s repatriation request plays out, as paper gold rehypothecated 100 times over must suddenly be conjured up in physical form.”
    Now that’s a damn shame, I tell you.  </sarcasm>
    I have 35 gold eagles i’d be glad to sell the rehypothecators.  $100K an ounce. 
     
     

  6. My question is: Why do they have their gold in France of all places? I also believe that they won’t receive their gold (As it’s not there) and this repatriation may well start the next World War which will make the Elite and Bankers happy. Time will tell.

  7. Thanks saddle    Wheeler is on of the good guys.   Frontsight, the firearms training firm where I train,  just sent out an email blast to protest upcoming EOs and legislation.  Connections to Ruger and Gun Owners of America were included so I did some campaigning through their sites.  Aside from that scum sucking little weasel goniff Reid, our legislators are solidly behind the rights of gun owners.  I’ve taken an oath to protect the Constitution from enemies both foreign and domestic.  Some in DC forgot theirs.  We will take the fight to the  streets as well as the halls of power.

  8. If anyone saw the Jon Stewart rant against Paul Krugman and the 1 Trillion dollar coin, including George Washington’s coinage showing a freshly felched unicorn, please post it.  Stewart is in rare form as he fillets Krugman.  Epic!  It’s over on the Economic Policy Journal Website.  Charlie?  got your ears on  Maybe you can drag it over here.  This idea would help with the repatriation of gold. Just mint a coin with the promise of gold.

  9. Hi all, long-time reader but first-time poster here.  I wonder if anyone else has entertained the suspicion that another wrinkle in the PM-suppression scheme may be developing with this story.  I don’t enjoy admitting that TPTB likely include a number of people much smarter than me who are always thinking several moves ahead on their chessboard, but that  certainly must be the case.  And if I were one of those devious bastards, priority #1 would be delaying the inevitable widespread understanding that central bank gold reserves have been heavily looted and their remaining quantities grossly exaggerated.  What better way to thwart a growing international demand for auditing and repatriating offshore reserves than the following scenario?
    1. Arrange for a cooperative central bank within the brotherhood to respond to its public’s demand for gold auditing and repatriating, preferably a big and important central bank with a lot of foreign-held gold which has been in the investment community news a lot.
    2. Have that CB make a show of growing increasingly suspicious that its accounts in other countries have been compromised, eventually demanding repatriation of a portion of those receivables.
    3. Arrange for the foreign sources of the repatriated tons to have a sufficient quantity of bars on hand to make an immediate delivery response. (It matters little whether the bars are solid gold and correctly numbered per the requesting CB’s inventory documents, as various ploys at the receiving end can furnish any necessary cover for a disingenuous transfer operation.)
    4. Upon delivery, immediately move the transferred bars to a CB vault and out of public view for “security purposes” while the “audit” and any associated “testing” is performed.
    5.  After some minimal time has elapsed, have a CB executive announce to the world that, to his/her great relief, all the bars are true and correct with every ounce accounted for in triplicate.  Have the executive then: express regret at the tremendous expense the entire episode has cost the CB and associated government; apologize to the bankers and governments from which the repatriations occurred for seeming to doubt the honesty and integrity of those involved; aver that these disruptive actions have at least restored the confidence of the host country’s citizenry in their CB and its international partners; and finally conclude with a plea for those crazy conspiracy theorists who were ultimately responsible for the entire episode to come to their senses and stop trying to cause so much trouble for so many beleaguered public servants and heroic captains of industry.

    • Good point BLTN. I agree with you. I think that is exactly their plan. Make a very large and public good delivery to quell doubts. However, this is a con and BuBa’s in on it. The Fed is in possession of more than enough gold to make the delivery but Germany does not own it and neither does the Fed. Gold can be fungible by recasting bars.

      So who owns the gold?

      http://www.scribd.com/Free_Nations/documents

      The current global economic system is corrupt beyond repair, and must be completely replaced.

      Bankers can play these fungibles games with gold, but they cannot play that game with 100 million individual silver stackers, so spread the word and keep stacking physical silver till they run out.

      This will force a reset. Then we can rebuild a (hopefully) less corruptible system.

    • Possible, but highly unlikely.  At this point, it has really already become a rhetorical question to ask whether the Gold being held by central banks is in fact encumbered.  People in the know already accept that ownership of the Gold is in question, and manipulation is ongoing and has only gotten more severe over time.  Basically, it comes down to a matter of trust.  Can central bankers, who have manipulated just about every component of the financial system of the world, be trusted to be truthful about Gold?  If the answer is NO, then nothing that they attempt to do to demonstrate their innocence will be good enough.  At this point in time, only a complete transformation of the system, a PARADIGM SHIFT, will serve to improve the future condition of things.
       
      It is interesting to note that man is presently in dire search for an answer.  At the turn of this New Year, the sales statistics on Amazon.com showed that Viktor Frankl’s ‘MAN’S SEARCH FOR MEANING’ was on their #1 best-seller list under the category of Books – Education & Reference.

  10. I dug this news clip up from June 3, 2009.  German Chancelor calling Obama about their gold.  Accidentally caught on tape.
     

    http://www.msnbc.msn.com/id/31050780/ns/politics-white_house/t/day-life-obamas-white-house/#.UPYt5Wetoyc

     
    At 7:20 -7:55 they throw the NBC film crew out of the Oval Office because it’s “Merkel on the phone”.  Film crew in the room at the time later said is had something to do with gold.  That was when questions were first being raised in Germany about who was holding their gold. 

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