Posted on 01/26/2013 1:48:33 PM PST by djf
With last week’s announcement by the Bundesbank of the repatriation of 674 tons of German gold from Paris and NY over the next 7 years, we predicted that an avalanche of gold repatriation requests would soon be made to the BOE and the NYFed. It appears that Switzerland may be next to the game, much to the dismay of the SNB. The Swiss gold initiative, an initiative to Secure the Swiss National Bank’s Gold Reserves, launched in March 2012 by four members of the Swiss parliament, has grown to 90,000 supporters. Once 100,000 supporters are achieved, the Swiss Parliament must take up the referendum.
The initiative asserts that the Swiss people should have a right to vote on 3 things, none of which will please the banking cartel:
1. To keep Swiss gold physically in Switzerland (ie repatriate Switzerland’s gold)
2. Preventing/forbidding the SNB from selling any more of its gold reserves
3. Requiring the SNB to massively increase their gold holdings to a minimum of 20% of its reserves within 5 years, held within Switzerland.
Not surprisingly, the Swiss National Bank doesn’t wish to disclose where it’s physical gold is held, but it may soon be forced to once the initiative achieves 100,000 supporters.
674 tons repatriated here, 1040 tons repatriated there, pretty soon we’re talking real money!
Are you nuts? I’d only use basil or spearmint with gold bars. Or maybe some thyme. Dill, NEVER!
LOL.... Busted by the grammar police.... I’ll have to plead guilty.
I know the UT endowment fund bought a billion in bullion Apr 16, 2011——
Gold was $1480 that day so draw your own conclusions
Good luck to the Swiss on getting their gold back from Obama.
The Swiss will soon learn that Obama spent their gold on Welfare, Food Stamps and Obama Phones.
No, you are wrong. There is money to be made.
It will begin in the east. Probably Dubai and the GCC will issue notes backed by gold. There will be a lot of people that will buy those notes.
It also might happen in Singapore. Or, it might be both. Both are mega financial centers and they have the financial clout to begin the process
Awesome pic..exactly like I remembered it..many thanks..where did you find it?
Did you see the pic in post #15 this thread..? almost exactly as I remembered it..
Seems like there’s a creeping paranoia that the gold’s just not going to be there, or will be aldulterated with tungsten if it is. Wonder what gave them that crazy idea, lol? Finance the world over acting like mafia, maybe?
I think u misunderstood my post....
“NO COUNTRY will ever be allowed to back their currency via gold unless the International Bankers own and pick that country”.....”UNLESS” and “OWN” being the operative words...
http://www.321gold.com/fed/greenspan/1966.html....Greenspan understood it.....
Can we?>
http://online.barrons.com/article/SB120312013624372883.html
(( ping ))
“HOW BIG IS A TON OF GOLD?”
WikiAnswer:
Hmmm. You have weight and you want size. That means you’ll need density!
Now, the density can be googled. Gold weighs roughly 19.32 grams per cubic centimeter.
Now, you simply divide the number of grams in a ton by the number of grams per cc, and you get the number of cc’s it takes to make a ton.
Assuming you mean a metric ton (1000 kilos), that’s 1,000,000 / 19.32 = 51,760 cubic centimeters.
How big is 51,760 cubic centimeters? The dimensions of a cube are easy to find using a calculator: The cube root of 51,760 is 37.26, so you’d have a 37.26-cm cube. That’s just under 15 inches on each side - yep, a 15-inch cube of gold weighs a ton. Yikes!
A short ton (2000 lbs.) will give a slightly different number, but hopefully you see how the process works.
A TON OF GOLD IS A CUBE ONLY FIFTEEN INCHES ON A SIDE!
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