"Relax, Angela! We just took it out to get it washed! Uh, yeah, that's all..."
they should DEMAND shipments start immediately.
back a truck up and demand their assests.
don’t leave until the truck is full... then back in another
any country with their assets in those valts should do the same.
why not? we keep hearing how gold isn’t money... so what’s the problem?
meanwhile, this gives an amazing plug for crypto currencies... ie: bitcoin
Little did Germany know, the U.S. is less trustworthy with their gold than they are.
Germany doesn’t want that “paper gold”, they want the real bullion.
This is exactly what FDR did. Take other people’s gold and keep it.
Fed to Obama: “those white guys in Europe want their gold back!”
Obama: “and?...”
I'd then weigh, determine the volume, and x-ray every bar.
Of course it is gone.
It has been gone for years.
Bush did it! Is he the worst human being ever? We all knew he was a stupid racist but now we know he’s a thief.
I suspect that there is a lot more of this, and it is far more widespread than just about anyone suspects. But what is really keeping the dam from bursting is ironically that there is probably so little physical gold, compared to “gold on paper”, that nobody could handle a call.
In comparison, look at the derivatives markets. Somehow those markets wheel and deal in amounts of money several times greater than the GDP of the entire world. They cannot realistically do this, but they are doing it anyway, and nobody is stopping them.
So what if there is so little physical gold, compared to the amount of gold which has been sold, over and over again, that its realistic price is $100,000 an ounce? What about $1,000,000 an ounce?
Importantly, this does *not* mean that if you have an ounce of gold, it is *worth* $1,000,000. What it means is that there is $1,000,000 worth of *debt* based on that gold.
Debt that somebody is supposed to repay, but won’t, because they can’t.
This is much like the situation before the stock market crash of 1929, when people who bought stock for 10% margin sold it to other people for 10% margin, who then sold it. Everybody made money as long as the price of the stock went up. But when the price went down, everybody in the chain suddenly owed the other 90%, that nobody could pay.
Margin call.
But in this case, the margin call is to the FED, and the FED refuses to pay up, or admit it can’t pay up.
In effect, it can be called “Schrödinger’s Gold”. It exists in the vaults of the FED until you look inside, and if you do, it vanishes.