bitcoin goneAll bars brought into the vault for deposit are carefully weighed, and the refiner and fineness (purity) markings on the bars are inspected to ensure they agree with the depositor instructions and recorded in the New York Fed’s records. This step is vital because the New York Fed returns the exact bars deposited by the account holder upon withdrawal—gold deposits are not considered fungible.  –NY Fed website

Recall, after a couple of weeks of negotiations in the proverbial smoke-filled room, it was agreed that the U.S. would return 300 tonnes of Germany’s 1500 tonnes being kept in NY Fed vaults over seven years.  This equates to a pro rata 43 tonnes per year (approx).
First year scorecard:  the U.S. shipped back 5 tonnes and they were in the form of bars that had to melted and re-cast.  If you re-read that passage above, it should leave you scratching your head.


By PM Fund Manager Dave Kranzler, Investment Research Dynamics:

This is a must-read analysis from Koos Jansen.  It definitely explains why the United States has been unable to return close to none of the gold being “safekept” by the Fed.  Recall, after a couple of weeks of negotiations in the proverbial smoke-filled room, it was agreed that the U.S. would return 300 tonnes of Germany’s 1500 tonnes being kept in NY Fed vaults over seven years.  This equates to a pro rata 43 tonnes per year (approx).  First year scorecard:  the U.S. shipped back 5 tonnes and they were in the form of bars that had to melted and re-cast.  If you re-read that passage above, it should leave you scratching your head (Merkel, the Bundesbank and the German public is left holding their proverbial “Herman” – well, may not Angela…).

This is why I suggested the other day that, if it were all possible to track the situation, I would bet money that some of the 33 tonnes of gold that the U.S. airlifted out of Ukraine could very well end up in Bundesbank vaults.    I guess the complications of loading up 300 tonnes into two transport jets at Kennedy airport for shipment to Germany is much more complicated than lifting 33 tonnes of gold out of a war zone in Eastern Europe.  Just another example of the giant “shell game” that Federal Reserve is playing with this gold that seemingly is only some decorative asset held out of tradition.

But I digress.  I highly recommend that everyone read this essay from Koos Jansen:  New York Federal Reserve Lying About Gold Storage.   Just to reinforce the credibility of the information, it is a publicly acknowledged fact that the Comex gold custodial banks offer accounts a big discount to keep their gold stored at Comex vaults.  I have no doubt that this is to facilitate the gold-leasing operations of JP Morgan, HSBC and Scotia.   I was not aware that the NY Fed offers other Central Banks free storage.  Now we know why…


  1. And if the so called “Banks” are shipping all this Gold to “China”…..what makes you think that They are not going to FOLLOW IT OVER THERE WHEN THE TIME COMES??? Hell, JP Morgan sold their headquarters, what more proof do you want people???

    Sumeria moved to Egypt, which moved to Rome, which mover to London,
    which moved to the Empire State, which moved to:
     
    This is an “Enron” type embezzlement, where they are lining their suitcase with the “cash” and heading for the exits as fast as they can, while we the “employees” are left holding the worthless stock!!

    Lastly, when something happens in the Market that benefits Them, what makes you think you are going to hear about it in the Mainstream Media? Do you REALLY think that every financial transaction and decision are told to you?

     
    Think people, THINK!

    • Damn good points. Crooks are always on the move trying to hide from justice. Goldman Sachs has built a facility in China of hundreds of the most massive warehouses ever built. They are stocked full of coal, minerals, ores, grain and who knows what else!

  2. Oh Hell yes, TheRedPill.   JPM is setting up the new  Dimon Dim Sum Index.  Once the bankster oligarchs cut and run and are lodged in China,  the bridges’ll be cut and the B tier bankers will be left here to fed for themselves.
    So many of the really wealthy banks have long since left the building and have their private offices in Singapore, Hong Kong, Shanhai and Phut Ket and Saigon.
    The wailing of the banker ‘Remnants’ will be deafening—but music to our ears.  They prayed to a different god who left them behind

  3. Andy Hoffman, in a recent interview, stated that “Germany’s gold in on Chinese wrists” lol!  That’s one to remember :)  Deutsche Bank and all the other Central Banks know that any gold stored at the Federal Reserve is long gone, but these pieces of shit are jawboning it up with the IMF to ease regulations about to be able to sell more\ reinstitute gold selling again- wtf, wtf, wtf?
    http://online.wsj.com/news/articles/SB10001424052702303802104579450703411402942?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303802104579450703411402942.html
    There is no more gold so sell liars, except their fake, hyper-hypothecated  paper promises!  You couldn’t make this shit any funnier…speaking of funnier, the POS is taking a giant dump as I speak down below 80 to 79.99.

  4. Could we be watching Crimea’s Gold being dumped into the markets lately to drive the price down?  30 metric tones is equal to 96,452  100oz contracts on the crimex. If so it didn’t take them long.  Just putting 2 and 2 together.  Any comments?

    • I agree, Mary.  But then, those harsh rules in China are NOT for those in charge but for the middlemen types.  
       
      Maybe the elite banksters will just buy themselves a nice South American country somewhere and hole up there.

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