If Your Central Bank Keeps Gold At The NY Fed, It’s Gone

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.
[Read more...]

Want to Know What’s in Fort Knox? Here’s The Bar List

Thanks to a tip from an SD reader, we have discovered the US’ official bar list of “Deep Storage Gold”  held at Fort Knox, Denver, and West Point, buried in a PDF file on the House Financial Services website.
Updated on Sept 30th, 2010, the document provides a full bar inventory including total bars, weights, and fineness of the US Deep Storage Gold reserves.  

For all those inquiring minds wondering how much if any of the US’ gold reserve remains, the official US Deep Storage Gold bar list is below: [Read more...]

Jim Willie Bombshell: Saudi Royal Gold Ransacked in London to Prevent Default!

saudi gold“There will be no easy heads-up alert on the quick changes to the gold market.   When the gold price starts rising, it will mean that China no longer has been given the big wide berth in high volume cheap gold purchases.   A rising gold price will internally mean that the banks are breaking, at the same time the Chinese are to be frustrated. The Boyz are stealing all the Saudi gold now, left unprotected in London and Switzerland. The Saudis (and all Arabs) are the new targeted victims for stolen wealth in order to keep the system going.   A massive disruption is coming.”
The rehypothecation of official gold accounts has entered a new phaseThe gold owned by defenders of the Petro-Dollar is being seized, confiscated, pilfered, and stolen for the unspoken purpose of continuing the fiat paper currency regime with the tainted debauched USDollar at the center.
The Saudi gold in London will be totally gone in a few more months. To be sure, it is going mostly to China.
The Saudis are being gutted. [Read more...]

Bundesbank Attempts to Subdue Concerns on Gold Repatriation

Gold BundesbankFriday we published an interview by German newspaper Handelsblatt with Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank, that was published in english on the website of the Bundesbank regarding the progress of the German gold repatriation process. This publication was clearly an attempt to convince the international audience that there were absolutely no problems in the repatriation process, apart from a slow startup. The BuBa claims to have audited all their gold in the US, as well as the shipments to Germany, the refining that took place in Europe, and claims that the bookkeeping is all according to plan… [Read more...]

BuBa: Half of German Gold Reserves Will Be Stored in Germany by 2020!

Bundesbank goldThe gold (German reserves) is being transferred to Germany for the first time. Until 1998, only 2% of our gold, or thereabouts, was stored in Germany. In the first year, we transported five tonnes from New York. This year, we will transfer 30 to 50 tonnes, or perhaps even more, from New York to Frankfurt. And there is still next year to come….We will store half of the German gold reserves in Germany by 2020 at the latest.  -Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank, 2/19/14

[Read more...]

Former US Treasury Official: US Does Not Have Germany’s Gold!

gold leasingPaul Craig Roberts, Assistant Secretary of the Treasury in the Reagan Administration, has voiced his concerns about the strength of the US economy, US politics, and US civil liberties. Roberts also believes the US is playing fast and loose with the monetary system and the value of the dollar. He speculates that, as the German Bundesbank has begun repatriating its gold from overseas out of storage in places like the Federal Reserve, the Fed will not be able to make delivery because it doesn’t physically possess the gold.
Perhaps this explains the Buba suddenly dropping its original 150 ton gold repatriation request from the Fed? [Read more...]

Jim Willie Reveals the SMOKING GUN On US Gold Rehypothecation!

Play

Jim Willie gunThe Doc sat down with the Golden Jackass himself this weekend for an in-depth interview covering the state of the gold market and the Western banking system.
Willie discusses the German efforts to repatriate their gold reserves (along with the implications of only receiving 5 tons from the NY Fed in year 1), as well as Bafin’s investigation into precious metals manipulation and why unlike the CFTC’s, it is likely to result in criminal charges.
Finally, courtesy information provided by a high level executive at one of the world’s leading private refineries, Willie reveals the ‘smoking gun‘ evidence that proves US gold was rehypothecated over a decade ago!

Jim Willie’s full MUST LISTEN interview with The Doc is below: [Read more...]

Alasdair Macleod: Germany’s Gold is the Story de Jour

goldIt transpired last week that of the 43-odd tonnes per annum the Bundesbank expects to be returned from the New York Fed, only 5 tonnes arrived in 2013.
Furthermore, of the 373.7 tonnes stored with the Banque de France, only 32 tonnes was delivered. This is little more than a morning’s delivery in the London market, so it is hard to swallow the Bundesbank’s excuses about logistics.
The burning question is why is it so difficult to get its gold back? [Read more...]

Glenn Beck Takes Gold Rehypothecation Story Mainstream- German Gold is GONE!

Bernanke-Dimon-Fed-TunnelIn the eyes of TPTB, it is one thing when a fringe financial blog such as SilverDoctors reports on and discusses the fact that the gold reserves supposedly held 5 stories below the NY Fed are likely rehypothecated and vaporized long ago.  It is another thing entirely when the former top personality on Fox News, and whose news website The Blaze is the 140th most visited website in the entire US, devotes 20 minutes of TV time discussing the German’s attempts to repatriate their gold reserves, and discusses the implications of what the Fed only returning 37 tons of re-cast gold bullion to the Bundesbank in year 1 likely means.
In Glenn Beck’s own wordsThe situation is worse than even I thought it was….There’s not alot of that gold (at the Fed) really left.  The answer is rehypothecation.
How hard is it to return the Bundesbank’s gold? It has their stamp on it!  The reason the German gold is being returned over 7 years is that a phone call came in to the Germans and said  ‘Hey, Rehypothecation, Dude! There’s not enough gold here!  We were playing a game!’
Once people demand their hard asset back, the entire thing collapses!

It appears the gold manipulation and rehypothecation story has just gone mainstream. [Read more...]

Where is the German Gold?

empty-vaultAlmost a year ago, the German government put in a formal request to reclaim (repatriate) a portion of their gold reserves held outside of Germany. Reports on the progress of this initiative have raised quite a few questions.
Now news comes that, in the first year of the plan, Germany only received back 37.5 metric tonnes of their gold. This is only 5% of the total repatriation amount. At this rate, it will take twenty years, not eight, to reclaim the gold!
2014 is going to a consequential year in gold and silver. This German gold story only adds intrigue and fuel for the fire. [Read more...]

Is There Really Any Gold in Fort Knox? Former US Mint Director Comes Clean

gold vaultAt the recent Whitman Expo in Baltimore, former US Mint Director Edmund C. Moy who ran the mint from 2006-2011 opened up on visiting Fort Knox during his tenure as Mint Director.
Is there really any gold left in Fort Knox?  Mr. Moy’s first thoughts on viewing the inside of Fort Knox:
These bars at Fort Knox look like dirty gold…One of the first things was, Is this real gold?
Former Mint Director Edmund Moy tells his story and reveals what he saw with his own eyes when he toured the mint in the MUST WATCH clip below: [Read more...]

Ned Naylor-Leyland on Infinite Gold Rehypothecation

rehypothecationIn the latest Keiser Report, Max interviews Ned Naylor Leyland of Quilter Cheviot Asset Management about the latest on the German and UK investigations into the manipulation of the gold fix.
They look at infinite rehypothecation in the London Dustbin and the exit of Bart Chilton from the CFTC as the pin-up girl for silver price manipulation. [Read more...]

Alasdair Macleod: Untangling Gold at the Bank of England: BOE Admits 1,300 Tons of Gold Removed Since March!

gold vaultThe figure for custodial gold held at the BOE was reported by the BOE in June to be 4,977 tonnes “at least 400,000 400-ounce bars” taken from tour-note 2 of the new virtual tour of the gold vaults on the BoE’s website. Tour-note 3 gives us the date the information was collated as June this year.
This compares with the figure at February 28 from the BoE’s Annual Report of the equivalent of 505,117 bars. So it appears that at least 100,000 bars have disappeared in about four months.
Is the difference of 100,000 bars a mistake? The wording suggests not. The Bank appears to have thought that if it said in the virtual tour, “over 400,000 bars in custody” it would be sufficiently vague to be without meaning; but it is so much less than the figure in the Annual Report dated only four months earlier that it is unlikely to be a mistake.
We must therefore conclude that they meant what they said, and that some 1,300 tonnes of gold has left the vault since March 1st!

[Read more...]

Second Dutch Bank to Follow ABN Amro, Close Gold Accounts!

empty vaultRabobank has just followed in the footsteps of ABN Amro which effectively defaulted by halting deliveries of gold bullion in April, as the Dutch bank will close customers’ gold accounts effective September 1st!
With the GOFO now negative for a record 8th consecutive day, it appears the wave of bullion bank defaults warned of by William Kay may be just getting started.

[Read more...]

Jim Willie: Next Scandal to Break is Leasing & Theft of 20,000 Tons of Allocated Gold!

empty vaultThe Gold manipulation will continue until the Gold market is totally broken, until the big banks that control it are totally broken, or until the USDollar & USTBond structures are totally broken.  Personally, I am encouraged by the mid-April events to crash the Gold price. It has resulted in exposure of the criminal element, in exposure of the COMEX & LBMA as being desperately low in Gold inventory, in exposure of the great difference between paper Gold price (futures contracts) and physical Gold price (actual high volume sales), and in tremendous motivation by the very wealthy to reclaim their Gold in Allocated Gold Accounts. The bankers have brought to the table a Prima Facie case that their corrupt Gold market attack was motivated by having no Gold for contract delivery.
The Jackass forecast is for the next great scandal to be centered upon the Allocated Gold Account thefts, which my excellent source informs me involves the improper usage, leasing, and theft of over 20,000 metric tons of Gold bullion. The German Government formal request for repatriation is the tip of the iceberg.  It is a contest, a race, between the breakdown of the USD/USTBond structure and the COMEX & LMBA Gold market structure. The former is in the process of being rejected by the Eastern nations, now organized. The latter is in the process of being recognized as an empty arena with no Gold in inventory.
[Read more...]