Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Fedís Dirty Little Secret: ďThe Gold Isnít There (shortened)
SHTF Plan ^ | 1/21/14 | Mac Slavo

Posted on 01/21/2014 8:22:00 PM PST by Kartographer

The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong.

That’s exactly what Germany expected would happen last year when the country requested that the Federal Reserve return about one-fifth of their gold reserves. But that’s when things got really dicey. The Fed announced that Germany’s gold would be returned… but it would take seven years to get back home.

(Excerpt) Read more at shtfplan.com ...


TOPICS: Business/Economy
KEYWORDS: gold; goldchart
Maybe Goldfinger took it? Calling Mr. Bond. Calling Mr. James Bond please pick-up the red phone.
1 posted on 01/21/2014 8:22:00 PM PST by Kartographer
[ Post Reply | Private Reply | View Replies]

To: Kartographer

I have a hard time believing that a country like Germany wasn’t aware that its gold has been lent and re-lent several times over.


2 posted on 01/21/2014 8:28:58 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer
I don't think it is supposed to work like fractional reserve banking, but it probably does work like fractional reserve banking. The Fed probably has 5% of the gold it's supposed to have. Things go along pretty smoothly -- until too many people start saying, "Give me my stuff".

"Uhhhhhhhhh. We don't actually have your stuff."

3 posted on 01/21/2014 8:29:42 PM PST by ClearCase_guy (Anti-Complacency League! Baby!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

So the US Government intentionally collapses the prices of Gold (momentarily) so that it can buy up enough Gold to replay Germany (who’s Gold the FED had lost)..

Sounds like a plot of Goldfinger indeed!


4 posted on 01/21/2014 8:30:07 PM PST by JSDude1 (Defeat Hagan, elect a Constutional Conservative: Dr. Greg Brannon!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Anyone who doesn’t trust Obama is obviously a racist. He told us his’self


5 posted on 01/21/2014 8:36:06 PM PST by Organic Panic
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

http://www.freerepublic.com/focus/f-news/2705999/posts

University of Texas Takes Delivery Of $1 Billion In Physical Gold
Zero Hedge ^ | 04/16/2011 | Tyler Durden


6 posted on 01/21/2014 8:37:31 PM PST by txhurl
[ Post Reply | Private Reply | To 1 | View Replies]

To: JSDude1
Sounds like a plot of Goldfinger indeed!

It sounds like a criminal conspiracy to me, but then again, I think most people in the government are criminals anyway, so they will get away with it.

7 posted on 01/21/2014 8:43:37 PM PST by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Veteran, 70-71)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kartographer

Hitler`s Dirty Little Secret: “The Gold Isn’t There (shortened)

It`s on the bottom of a lake in Bavaria.

“Along with Hitler’s own diamond collection and the entire gold reserves of the Reichsbank, these are just some of the most valuable Nazi treasures still missing”

http://www.mirror.co.uk/news/world-news/wheres-nazi-gold-mystery-still-2677168#.Ut9LO2wo7IU


8 posted on 01/21/2014 8:44:07 PM PST by bunkerhill7 ("The Second Amendment has no limits on firepower"-NY State Senator Kathleen A. Marchione.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Watched the latest edition of the Keiser Report on RT today. Keiser is usually pretty bizarre, but every now and then he comes up with a point that makes some sense and puts a new perspective on the big economic picture. Today his sidekick Stacy Herbert mentioned that China recently purchased some large tonnage numbers of gold - more than actually had been on sale on the public markets around the world - Keiser’s followup was that someone had secretly been selling gold to China under the table, and since there were rumors around that the US was low in its gold reserves, this country must have been the US - because China has so many dollars that they’re demanding we exchange some of them in return for gold or they’ll dump them - sort of a leap of logic on Max’s part, but an interesting idea nonetheless....


9 posted on 01/21/2014 8:56:53 PM PST by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

10 posted on 01/21/2014 9:06:22 PM PST by DannyTN (A>)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JSDude1

Goldfinger didn’t plan to steal the gold. He wanted to turn it radioactive.


11 posted on 01/21/2014 9:27:06 PM PST by DManA
[ Post Reply | Private Reply | To 4 | View Replies]

To: ClearCase_guy

“No, you don’t understand. The money’s not here. Your money is in Bill’s house. Bill, don’t you remember that shack you lived in? And Jim, your money is in Jack’s house.” paraphrased George Bailey from Bedford Falls.


12 posted on 01/21/2014 9:53:26 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
[ Post Reply | Private Reply | To 3 | View Replies]

To: Kartographer

The gold stores at Ft. Knox are as real as Obama’s Certificate of Live Birth...


13 posted on 01/21/2014 10:09:52 PM PST by matthew fuller (Our enemy list- http://www.nraila.org/news-issues/fact-sheets/2004/anti-gun-lobbying-organizations..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthew fuller

Or as real as Joe Biden’s hairline.


14 posted on 01/21/2014 10:16:53 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Jonty30

No, this was not a fractional banking agreement. The Germans did not deposit money into some bank which was then expected to lend it out.
The Germans in effect afraid a Soviet invasion placed THEIR gold into what was a safe deposit box.

NOw they want the box opened and to take their possessions. Their EXACT possessions. That is their inspected, assayed, measured, and marked gold bars.

If you put gold coins into a safe deposit box, you do not have an expectation that it will be lent again and again. That was not the agreement the Germans entered into. This was pure theft because nobody expected they would ever demand return of their gold left for SAFEKEEPING.


15 posted on 01/21/2014 10:58:00 PM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: DesertRhino

I didn’t say that they agreed to it. Just that they knew what was going on.


16 posted on 01/22/2014 2:50:04 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
[ Post Reply | Private Reply | To 15 | View Replies]

To: DesertRhino

I don’t know about Ft Knox gold, but the NY Fed vault has a bunch of old gold with serial numbers and makers stamps from each country who stores there. I’ve seen it with my own eyes. Unless there’s some wacky stacking going on, or someone’s drilling out bars and filling with something else, folks’ gold is still there as deposited.


17 posted on 01/22/2014 3:07:08 AM PST by the big wanad
[ Post Reply | Private Reply | To 15 | View Replies]

To: Kartographer; Jonty30; ClearCase_guy; JSDude1; Organic Panic; txhurl; Mark17; bunkerhill7; ...
Does the Federal Reserve own or hold gold? (No, that's the treasury.)

Treasury's monthly report

18 posted on 01/22/2014 7:56:38 PM PST by DannyTN (A>)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DannyTN

To tell you the truth I’m not even sure why sovereigns even hold gold, since none of their currencies are tied to it.


19 posted on 01/22/2014 7:58:27 PM PST by DManA
[ Post Reply | Private Reply | To 18 | View Replies]

To: DManA
Greater Fool Theory. Same reason people buy gold. Government thinks that if things ever really go bad, other governments will want shiny metal.

Oooh Shiny!!!

20 posted on 01/22/2014 8:07:23 PM PST by DannyTN (A>)
[ Post Reply | Private Reply | To 19 | View Replies]

To: DannyTN

I don’t trivialize it. These guys run the world. Apparently they think it’s important. Why? I don’t know.


21 posted on 01/22/2014 8:15:15 PM PST by DManA
[ Post Reply | Private Reply | To 20 | View Replies]

To: Kartographer; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


22 posted on 01/22/2014 8:21:54 PM PST by Jet Jaguar
[ Post Reply | Private Reply | To 1 | View Replies]

To: JSDude1

There are two conditions.

Gold held by the fed to conduct trade
Gold heale by the Treasury...... treasure.

The first is in the vaults in New York.
The latter is in Ft Knox


23 posted on 01/23/2014 4:05:43 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kartographer

There has been no assumption of physical assets backing US dollars.


24 posted on 01/23/2014 4:09:28 AM PST by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy

The Fed is acting exactly like the gold bankers of old.... Fed is doing fractional reserve gold banking which the German situation had brought to light. The Feds gold has been lent out, leased out etc etc

For the Fed to send Germany’s gold back the Fed has to buy physical gold on the open market. It’s own gold bars are all leased out


25 posted on 01/23/2014 8:06:46 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 3 | View Replies]

To: DannyTN; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar

Do your research first.

http://www.newyorkfed.org/aboutthefed/goldvault.html


26 posted on 01/23/2014 6:28:35 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
[ Post Reply | Private Reply | To 18 | View Replies]

To: DannyTN; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar

http://www.bloomberg.com/news/2014-01-20/bundesbank-to-recall-30-50-tons-of-gold-from-new-york-in-2014.html


27 posted on 01/23/2014 6:32:43 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
[ Post Reply | Private Reply | To 26 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson