On Monday, we reported that the German Financial Accountability Office had mandated the Bundesbank repatriate 150 tons of German gold from the NY Fed over the next 3 years.   While this was to be expected and even inevitable in the wake of Venezuela’s gold repatriation in 2011 as well as global rehypothecation concerns, a previously classified report leaked today has revealed a much larger German gold repatriation has already occurred- from 2000-01!!

The previously classified report reveals that the Bundesbank withdrew nearly 1,000 tons of physical gold from the Bank of England in 2000-2001, decreasing Germany’s gold holdings in London from 1,440 tons to 500 tons.

Let that sink in for a moment.  Germany withdrew 1,000 tons of physical gold from the Bank of England at the EXACT TIME that gold bottomed and began its decade long bull run.   Did Germany pull the carpet out from under the cartel gold leasing party and ignite gold’s secular bull market in 2000?

A full 25% of Germany’s gold reserves were repatriated over a decade ago- talk about being ahead of the game!
From the Telegraph:

The revelation came as Germany’s budget watchdog demanded an on-site probe of the country’s remaining gold reserves in London, Paris, and New York to verify whether the metal really exists.

The country has 3,396 tons of gold worth €143bn (£116bn), the world’s second-largest holding after the US. Nearly all of it was shifted to vaults abroad during the Cold War in case of a Soviet attack.

Roughly 66pc is held at the New York Federal Reserve, 21pc at the Bank of England, and 8pc at the Bank of France. The German Court of Auditors told legislators in a redacted report that the gold had “never been verified physically” and ordered the Bundesbank to secure access to the storage sites.

It called for repatriation of 150 tons over the next three years to test the quality and weight of the gold bars. It said Frankfurt has no register of numbered gold bars.

The report also claimed that the Bundesbank had slashed its holdings in London from 1,440 tons to 500 tons in 2000 and 2001, allegedly because storage costs were too high. The metal was flown to Frankfurt by air freight.

Finally, the $1 Trillion question- how much longer until the Bundesbank requests the repatriation of its remaining 2200 tons of gold supposedly held at the NY Federal Reserve, and in doing so takes down the entire global banking system?

The refrain has been picked up by German legislators. “All the gold must come home: it is precisely in this crisis that we need certainty over our gold reserves,” said Heinz-Peter Haustein from the Free Democrats (FDP).

The jig is apparently up- unallocated gold is essentially paper:

Peter Hambro, chair of the UK-listed gold miner Petropavlovsk, said the Bundesbank may have withdrawn its bullion in self-protection since it did not, apparently, have its own specifically allocated bars in London. “They may have decided that the Bank of England had lent out too much gold, and decided it was safer to bring theirs home. This is about the identification. Can you identify your own allocated gold, or are you just a general creditor with a metal account?


  1. GATA suggested that most of this “withdrawn” gold would have been swapped with “gold” held at the New York Fed. No doubt Germany is now stuck with 2200 tons of Clinton era fake gold at the New York Fed. Also I bet that the 1000 tons of owned by the Fed in London, resulting from any swap deal with the Bundesbank would have immediately been dumped on the markets to suppress prices.
    I wonder whether the PIGS (Portugal, Ireland, Greece, Spain) gold is also stored in London and whether it has also been dumped on the market. What about India and Mexico’s gold? Wasn’t Libya’s 144 tons of gold also stored in London. I bet that has been sold off as well. The fact that US exports of gold to London/Switzerland/Hong Kong have surged suggest that severe gold shortages are developing.
    The game is nearly up.

  2. Could it be that this stash was urgently needed to fulfill the euro currency formation needs? Wich by the way must mean that nearly all of Germany’s gold was abroad pre 2000. Which could be possibly connected to the WTC gold, which by the way got vaporised..

    • While I understand that the twin towers themselves were vaporized, possibly using scalar (Tesla) technology, I also remember reading an eyewitness account of their being a fleet of heavy dump trucks leaving the WTC garage shortly before the attack took place. In any case I doubt the gold was ‘vaporized’, even if it possible to do so.

  3. i think we will see more gold being repatriated … i dont think any country believes their gold is safe in the banksters hands but trying to reclaim it without upsetting the paymasters thats a different story … the game is afoot and the balance of power is shifting … this is going to be popcorn territory all over again

  4. First Venezuela repatriated their Gold, and now Germany is doing the same.  Which country will be next?  Is there any reason why other countries will not decide to bring their gold reserves home?  If it is ever becomes public knowledge that any of the repatriated Gold bars are fakes, this trickle of countries demanding their Gold back will suddenly turn into a flood.

    Despite Silver being known as volatile, this has the potential to bring about a stunning jump in the price of GOLD, and those folks prudent enough to hold Physical will be glad they turned their back on paper Gold.

    Just sayin’… 

    • The countries holding the other countries’ golds are likely to collapse which is why the other countries are withdrawing their golds because they are worried that it would be lost. The gold owners are also starting to discover the concept of “If you don’t hold it, you don’t own it”.

  5. I don’t know about the beginning of the gold’s bull market because I wasn’t aware of the fundamentals of gold and silver at that time. Maybe the reason why Germany withdrew their gold at the exact same moment as the gold’s bull run is because they were worried that it’ll be harder to deliver physical gold in the future when gold’s price is going to go higher and demands are going to rise. I wonder why Germany kept the gold withdrawal from London in 2000 and in 2001 as a secret.

Leave a Reply