A breaking Reuters report has revealed that to what should come as no surprise to SD readers, buried in the Troika’s bailout of Cyprus, is a stipulation that Cyprus hand over 10 tons (€400 million) in gold reserves to the ECB/IMF
Like every other engineered crisis over the past 10 years, it was all about the gold.
As Reuters reports, the ECB/IMF bailout was conditional upon Cyprus’ sale of gold reserves, as well as depositor haircuts:
Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.
As Cyprus is the official template per DieselBOOM, the ECB/IMF thus has their sites set on a combined 5,550 tons of physical gold reserves via Italy, France, Portugal, and Spain alone:
|3||International Monetary Fund||2,814.0||N.A.|
|12||European Central Bank||502.1||33%|