Gold Bundesbank

The Bloomberg story of a few months ago is a phony.
Germany has very intention of repatriation her gold!

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It looks like Austria is taking gold repatriation step by step, just like The Netherlands did.  First there was some discussion in politics about the official gold reserves and then actions began to be taken behind the scenes.
In the case of Austria, they started to allocate their gold.

The fact concrete actions already have been taken since July 2013, tells me there is a significant probability more will follow; such as repatriating gold from London.

Given the ‘risk of a high concentration at the Bank of England’, the examiner advise to ‘rapidly evaluate all possibilities of a better dispersion of the storage locations’… The central bank has not ruled out such a relocation. The existing gold storage concept would be reviewed, potentially it will bring parts of the stored gold in the UK to Austria, OeNB experts have stated.

Bear in mind The Netherlands did not even talk about repatriating openly while preparing it.
Who knows how many countries are preparing or discussing repatriating behind closed doors at this moment.

nuclear bomb

The Swiss are being told that repatriating the gold would likely result in turbulence for the Swiss Franc.
They’re being told that bringing the gold back is uneconomical.
They’re being told that bringing the gold back is a step backwards, into archaic, dis-proven monetary and economic theories!
They’re being told that bringing the gold back would create enormous currency problems for greater Europe as a whole.
The Banksters are literally trying to sell the Swiss on the narrative, that if they green-light the repatriation,
 a regular GOLD’MAGEDDON would commence in T-minus, 5, 4, 3, 2, 1!

gold reserves

The Netherlands has repatriated about 130 tonnes of their gold reserves, according to a press release published by the central bank.
The gold was repatriated from the vaults of the Federal Reserve in New York back to the vault of ‘De Nederlandsche Bank’ in Amsterdam.
This operation took several months and was done in complete secrecy.
The full press release on this secret gold repatriation by the Dutch central bank:

Bernanke-Dimon-Fed-Tunnel

In this 20 page MUST READ report, Tocqueville’s John Hathaway breaks down why The Fed denied Germany’s gold repatriation request, the disappearing COMEX gold (with registered inventories currently at their lowest total since 1998), synthetic vs physical gold (rehypothecation vs the real thing), dark pools of London, gold as a source of bullion bank funding, the creeping collateral grab, and why YOUR LIQUID WEALTH IS NAKED!
Do You Know Where Your Gold Is? 

gold vault

On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold.
On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets.
Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland’s central bank.
Will the Swiss throw a wrench into Western Central Banks’ plans by voting to get their gold back??

goldIt’s Official!
Germany has decided its gold is safe in American hands.
The Americans are taking good care of our gold... Objectively, there’s absolutely no reason for mistrust.

Absolutely no reason for mistrust, or absolutely no gold left to repatriate?  
We’ll let our readers come to their own conclusions. 

Bernanke-Dimon-Fed-TunnelItaly’s central bank, the Banca d’Italia, has recently published an important document detailing the storage locations and composition of the country’s gold reserves. The document confirms that Italy’s gold is held across four vault locations, three of which are outside Italy.
This is a significant announcement given that the Banca d’Italia is the world’s third largest official holder of gold after the U.S. and Germany. Italy officially holds 2,451.8 tonnes of gold, worth more than €72 billion (US$ 100 billion) at current market prices [1].
In the detailed three page report focusing exclusively on its gold reserves (and only published in Italian), the Banca d’Italia reveals that 1,199.4 tonnes, or nearly half the total, is held in the Bank’s own vaults under its Palazzo Koch headquarters on Via Nazionale in Rome, while most of the other half is stored in the Federal Reserve Bank gold vault in New York.

Blythe Masters Jamie DimonAlthough the western media at large, and especially the mainstream in the United States, remarkably never reported the event, the United States Government defaulted on Germany’s request to have some portion of its gold shipped from the Fed custodial vaults back to Germany.
That’s right – the U.S. outright defaulted.

Bundesbank German goldWhat we have just discovered, and what presumably few people in the English speaking world are aware of, was that the Bundesbank had made an earlier gold repatriation request (to the much publicized 300 ton repatriation request) in the fall of 2012, to ship home 150 tons  from the US in three years (ending in 2015).  So after January 2013 two repatriation schedules co-existed. They were not mutually exclusive – meaning Germany expected to see back was 150 tons from the US by 2015 – and ultimately 674 tons by end-2020 from both the US and France.
This was the plan…
However, it appears the Buba has folded from pressure from the Fed after a mere 5 tons of Germany’s gold reserves were delivered in 2013 as the Handelsblatt reports: ”The Bundesbank no longer feels bound to the concrete repatriation commitment time table they now admit for the first time.

The Bundesbank has now withdrawn the original schedule to repatriate 150 tons from the US before 2015.

Caption Contest 1The Financial Times has told investors that they should act like the German Bundesbank and “demand physical gold” and warned that gold price “manipulation” could end “catastrophically“.
“There’s surely no chance that the Fed’s little delivery difficulty has anything to do with the cat’s-cradle of pledges based on the gold in its vaults?  As has been remarked here before, forecasting the price is for mugs and bugs.
But one day the ties that bind this pixelated gold may break, with potentially catastrophic results. So if you fancy gold at today’s depressed price, learn from Buba and demand delivery.”

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?