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Experts: America's gold is gone
WND and King World News ^ | 18 Jul 14 | Mark Leibovit

Posted on 07/18/2014 6:35:46 PM PDT by SkyPilot

Paul Craig Roberts: The entire U.S. gold hoard is now gone

Former U.S. Treasury official Dr. Paul Craig Roberts told King World News the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Excerpts from the interview:

Eric King: Dr. Roberts, I know you’ve seen the report on Bloomberg about Germany supposedly being happy with storing their gold at the New York Fed. It seemed to be a propaganda piece. What was your take when you saw that?

Paul Craig Roberts: Clearly what that means is that the United States doesn’t have the gold and cannot deliver it – and has forced Germany to come to terms with that, and to stop asking for it since it can’t be delivered … And so they [the U.S.] have told their puppet state [Germany] to shut up and come up with a different statement that they are content to leave [their gold] with the Fed. Perhaps they had to bribe them or give them other advantage. But, essentially, they have stopped any German agitation for the return of their gold because it can’t be returned.

King: What are the implications of that for other countries that have gold stored at the Fed? Because it’s outrageous they are not returning Germany’s gold.

Roberts: The implications are nobody will get it back. People in the gold market have suspected that the Fed used up all of the U.S. gold trying to suppress the price of gold over the years. And then after they ran out of U.S. gold, they started using all the gold left with the Federal Reserve on trust.

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


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government
KEYWORDS: bho44; bhoecomomy; dollar; economy; federalreserve; gold
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So [the Fed] used the German gold. I suspect that is true because what we have seen in recent years, especially since gold peaked at [roughly] $1,900 an ounce in 2011, we have seen more and more reliance on dumping huge amounts of naked gold shorts on Comex during hours in which there is no trading, in order to knock the gold price down and suppress it.

So they protect the dollar from quantitative easing by shorting the paper gold market, the futures market. If they still had stocks of gold that they could lease to bullion dealers to sell on the market, they would still be using that technique.


1 posted on 07/18/2014 6:35:46 PM PDT by SkyPilot
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To: SkyPilot

In the land of no accountability, no Law,
no justice, and no Constitution,
no documentation, and no integrity,
there is now ... no gold.


2 posted on 07/18/2014 6:37:31 PM PDT by Diogenesis (The EXEMPT Congress is complicit in the absence of impeachment)
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To: Diogenesis

Well said, all here in the Kingdom of Lies


3 posted on 07/18/2014 6:41:02 PM PDT by Clarence
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To: SkyPilot

The gold is gone? Do you think?? Duh


4 posted on 07/18/2014 6:43:07 PM PDT by equalator
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To: Diogenesis

Without property rights, there are no rights. Paper money is only a medium of exchange.


5 posted on 07/18/2014 6:43:50 PM PDT by Bogie
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To: SkyPilot

Gold is a physical thing. Where did it go? Or, who has it now? Or is the issue that the gold is physically there but belongs to someone else?


6 posted on 07/18/2014 6:44:58 PM PDT by DBrow
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To: SkyPilot
In their quest to reach a communist utopia, perhaps they thought that everything would have to be free if they just totally screwed up international finance.

I think they broke money.

I think it will turn out to be a very bad thing.

7 posted on 07/18/2014 6:45:30 PM PDT by ClearCase_guy ("Harvey Dent, can we trust him?" http://www.youtube.com/watch?v=HBsdV--kLoQ)
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To: SkyPilot

THE GOLDEN RULE

Those who have the gold make the rules.


8 posted on 07/18/2014 6:45:55 PM PDT by kaehurowing
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To: SkyPilot
The gold is gone

You know you done me wrong baby, and you'll be sorry someday.

9 posted on 07/18/2014 6:46:13 PM PDT by MUDDOG
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To: SkyPilot
Sounds reasonable - but look at the price of gold: If what he says was true, the price of gold would skyrocket to $3000 almost immediately and it would keep going up. I also remember the esteemed Dr. Paul C. Roberts bubbling forth about what a great leader obozo would be if he were elected (way back in 2008) .. I would be skeptical of what Roberts says ...
10 posted on 07/18/2014 6:46:15 PM PDT by Ken522
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To: Bogie

Paper money is only a medium of exchange.

Fiat currency is only a ghost of a medium
a sort of economic simulacrum.


11 posted on 07/18/2014 6:47:15 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: All
When the Ponzi scheme collapses (and it will), the fall of the financial system will be epic, and swift.

That is when our new "Federal Civilian Police Force - just as well funded as the US military" will be used to back up the new Executive Orders issued by Obama.

Remember, Executive Order 6102, issued by FDR making private ownership of gold illegal, was issued by a stroke of the pen in one day (April 5th, 1933).

"forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".

Local police all over the nation now have MRAPs, SWAT gear, and are trained in military tactics.

They were issued the MRAPs by Obama for only $2,000 each, so of course they took them.

Obama will most likely make ownership of gold and weapons illegal in the same Executive Order.

This used to be Black Helicopter wackiness - soon it will be reality.

The Gibsmedat crowd will riot when their EBTs don't work. America will be in collective shock. Congress will appear even more castrated and frozen with ineptitude than they do now.

The "action" taken will be completely suspend elections, liberties, and rights.

That's my prediction.

Paper certificates telling you that you own gold will be worth nothing, and even those who own physical gold will be at risk because they will be the targets.

Trust in God, and Him alone.

12 posted on 07/18/2014 6:47:40 PM PDT by SkyPilot
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To: SkyPilot

Guess what. Your freedom is gone too. Courtesy of the fine folks who took the gold.
Have a good day.


13 posted on 07/18/2014 6:48:07 PM PDT by dforest
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To: DBrow
Gold is a physical thing. Where did it go?

The Fed was forced to sell it, and China and other nations have been on a MASSIVE gold buying spree the last 5 years.

14 posted on 07/18/2014 6:48:30 PM PDT by SkyPilot
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To: SkyPilot
even those who own physical gold will be at risk

If only because you'll be forced into the black market.

15 posted on 07/18/2014 6:50:09 PM PDT by MUDDOG
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To: SkyPilot

Probably NO country on Earth was as excited as Germany about Obama’s election:

Now behold what he has done to them, the people who adored him.

LOOK at what happens when you trust this insect.

What would this man to do *US*, who he genuinely LOATHES..?


16 posted on 07/18/2014 6:50:49 PM PDT by gaijin
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To: SkyPilot

If this is true, this guy is a dead man for telling the world. I can’t believe Germany and the other countries are taking this so calmly. This is simply beyond reasonable belief.


17 posted on 07/18/2014 6:52:10 PM PDT by muir_redwoods (When I first read it, " Atlas Shrugged" was fiction)
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To: Ken522
Sounds reasonable - but look at the price of gold: If what he says was true, the price of gold would skyrocket to $3000 almost immediately and it would keep going up. I also remember the esteemed Dr. Paul C. Roberts bubbling forth about what a great leader obozo would be if he were elected (way back in 2008) .. I would be skeptical of what Roberts says

As well one should be because he's been off his rocker for awhile now. Roberts is a truther who blames the United States and Israel for virtually all the worlds "aggression" for the past 70 years. He's also a regular on RT, InfoWars, PressTV, Counterpunch, and all the other kook sites.

As to the gold stuff, the idea that he who has the most gold wins is silly. First, he has no idea if we have that gold or not. Second, goldbugs who sit around tracking which country is buying and which are selling are typically kind of crazy paulbot types. These are the people who are convinced fiat currency is a neo-con (aka Jew) conspiracy and most of our conflicts are about preventing countries from going to the gold standard.

Because Roberts served in the Reagan administration early on he has something on his resume the left and conspiracy types can point to and claim he's legit. Perhaps at one time he was, but it's clear Paul Craig Roberts has been off his meds for a very long time now.

18 posted on 07/18/2014 6:59:29 PM PDT by Longbow1969
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To: SkyPilot

When we left the Gold standard everything changed.

Our Dollars lost their historic medium of exchange or backing, if you will.

I contend that Gold has very little economic value. It is certainly not a measure of economic growth, activity or anything other than some arbitrary measure of wealth.

Our Dollars value is based on OIL or energy production. As it should be.

Energy/Oil is life. It is the life blood of everything and therefore is the only true measure of an economies vitality.


19 posted on 07/18/2014 6:59:47 PM PDT by Zeneta (Thoughts in time and out of season.)
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To: SkyPilot

Isn’t Goldline real gold?


20 posted on 07/18/2014 7:03:21 PM PDT by MNDude
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To: SkyPilot

“The Fed was forced to sell it,”

No, the Fed chose to sell it.


21 posted on 07/18/2014 7:06:47 PM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: yorkiemom; null and void; laplata; Gluteus Maximus; Salvavida; Foundahardheadedwoman; baddog 219; ..
CWII / WWIII Spark — Because people tend to get PISSED when people steal their money.
22 posted on 07/18/2014 7:08:12 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: SkyPilot

Shocking!


23 posted on 07/18/2014 7:10:00 PM PDT by yorkiemom ( "...if fascism ever comes to America, it will come in the name of liberalism." - Ronald Reagan)
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To: SkyPilot

***Experts: America’s gold is gone***

They were saying the same thing back in the 1970s.


24 posted on 07/18/2014 7:10:03 PM PDT by Ruy Dias de Bivar (Sometimes you need more than seven rounds, Much more.)
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To: MNDude

Goldline is a California based company that promises it’s customers a distinction between “private” and “government” gold. I can’t say for certainty whether it is “real”, because I don’t think any of the past scenarios we compare the future crisis will be applicable. The next implosion will be Global. The panic will be unimaginable. The “rules” every thought they were playing by might not be there.


25 posted on 07/18/2014 7:10:46 PM PDT by SkyPilot
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To: SkyPilot

http://www.huffingtonpost.com/2013/01/16/german-gold-reserves-new-york-repatriated_n_2487098.html

BERLIN — Germany’s central bank will repatriate some of its massive gold reserves stored in vaults in the United States and in France, a business daily reported Tuesday.

The Bundesbank’s overall reserves of 3,400 tons are worth about $200 billion at current market rates.

The central bank now plans to bring back to Germany some of the 1,500 tons of gold stored in the vaults of the Federal Reserve in New York, and all of the 450 tons currently stashed with the Bank of France in Paris, according to Handelsblatt.

The central bank declined to comment on the report but on Wednesday will present a new plan to manage the gold reserves of 270,000 gold bars, the world’s second-largest stockpile trailing only the U.S. reserves.

Most of Germany’s reserves have been stored abroad since the Cold War over fears of a Soviet invasion.

But the central bank came under pressure last year when Germany’s independent Federal Auditors’ Office last year concluded it failed to properly oversee its gold reserves. The auditor suggested the central bank should carry out regular inspections of the gold held abroad to verify its book value or change the reserves’ management.

The auditors’ report stunned Germany, where the Bundesbank routinely tops polls of the nation’s most trusted institutions. The central bank was taken aback and maintained it didn’t see the need for more scrutiny in overseeing the reserves, saying “there is no doubt about the integrity of the foreign storage sites.”

But the debate on the gold reserves, most of which are held by foreign authorities, caused some inevitable conspiracy theories questioning their very existence. Several politicians then jumped on the issue and called for some of the reserves to be repatriated.

Since the postwar days, when Germany worried about a possible land war with the Soviet bloc, most of the reserves have been kept in the vaults abroad. Just under half of them are now stored in New York, a little more than 10 percent each in London and Paris, with the remaining third kept in vaults at the Bundesbank’s headquarters in Frankfurt.


26 posted on 07/18/2014 7:10:48 PM PDT by sefarkas (Why vote Democrat Lite?)
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To: SkyPilot

huh!!!!????


27 posted on 07/18/2014 7:11:09 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: equalator

28 posted on 07/18/2014 7:12:07 PM PDT by Bratch
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To: SkyPilot

, ***and China and other nations have been on a MASSIVE gold buying spree the last 5 years. ***

I remember the early 1970s when FRANCE was buying all the US gold it could at $32.00 an ounce.


29 posted on 07/18/2014 7:12:25 PM PDT by Ruy Dias de Bivar (Sometimes you need more than seven rounds, Much more.)
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To: SkyPilot

So they loaded the bullion into trucks and onto a cargo ship? I’m clueless here.


30 posted on 07/18/2014 7:14:54 PM PDT by DBrow
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To: gaijin

“What would this man to do *US*, who he genuinely LOATHES..?”

He’s doing it.


31 posted on 07/18/2014 7:15:02 PM PDT by yorkiemom ( "...if fascism ever comes to America, it will come in the name of liberalism." - Ronald Reagan)
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To: SkyPilot

Reopen the mines, pump out the water, send in criminals to work the ore.

I have no problem with prison labor in the mines.


32 posted on 07/18/2014 7:15:10 PM PDT by Ruy Dias de Bivar (Sometimes you need more than seven rounds, Much more.)
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To: OneWingedShark

Well I think we all suspected this when Germany asked for their gold back last year and we told them we could not get it to them for 7 years. I don’t think anybody has been allowed in Ft Knox since the 70’s to do an audit or even look around.

If you have gold hang onto it because when the govt can no longer depress the price its going to go through the roof.


33 posted on 07/18/2014 7:19:17 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: DBrow
So they loaded the bullion into trucks and onto a cargo ship? I’m clueless here.

Let's think about this for a minute. There would have to be hundreds of average people involved. The guards at Fort Knox. The truck drivers. The dock workers. Yet none of them have come forward. Not even one has decided to come clean.

Conclusion: The gold is still at Fort Knox.

34 posted on 07/18/2014 7:22:47 PM PDT by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: Zeneta
I contend that Gold has very little economic value. It is certainly not a measure of economic growth, activity or anything other than some arbitrary measure of wealth.

Probably so. Gold would probably return to being worth backing currency with if most of civilization collapsed and we had to start all over. In such a situation the full faith and credit of pretty much no nation would be worth much, so currency would need to be backed up by something other than promises again.

But in this day in age, the goldbugs just don't get that we are not ever going to go back to the gold standard short of a total collapse, prepper wonderland type situation.

If you believed these goldbugs (many of whom are conspiracy theorists) then gold rich countries like South Africa, China and Australia should be mining like crazy because he who has the most gold wins the game. Unfortunately, the global economy simply doesn't work that way. Not at all.

Some gold is a good commodity to have in one's portfolio, but I think most treat it as a short term bet against paper currencies.

35 posted on 07/18/2014 7:23:04 PM PDT by Longbow1969
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To: SkyPilot
No direct evidence of Roberts assertion.

None.

It's far more likely he's DEEP into bullion and needs a revival.

Debt deflation is a far more likely scenario.

36 posted on 07/18/2014 7:24:32 PM PDT by Mariner (War Criminal #18)
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To: Longbow1969

At the end of the day I’d gladly give you a bar of gold for 100 barrels of oil.


37 posted on 07/18/2014 7:34:51 PM PDT by Zeneta (Thoughts in time and out of season.)
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To: sefarkas

“...The central bank now plans to bring back to Germany some of the 1,500 tons of gold stored in the vaults of the Federal Reserve in New York, and all of the 450 tons currently stashed with the Bank of France in Paris, according to Handelsblatt....”
******************************************************************************************
You do realize that this article was from January 2013. At that time they did have plans and tried to start the repatriation process. But that process quickly failed and they were only able to get a several tons repatriated and later announced they were happy with keeping their gold in the US.

The question is WHAT IS THE REASON for the inability of the Federal Reserve to release their “customers’” gold stocks to them. It is likely because of a combination of SOME of the gold no longer PHYSICALLY being there and SOME OF THE GOLD still physically there but now “sold” to other owners. I’m sure Germany now regrets sending a single bar out of their country.


38 posted on 07/18/2014 7:36:55 PM PDT by House Atreides (ANOTHER CONSERVATIVE REPUBLICAN FOR CHILDERS 2014 .... Don't reward bad GOPe behavior.)
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To: House Atreides
WHAT IS THE REASON for the inability of the Federal Reserve to release their “customers’” gold stocks to them

Contrary to the movie, Goldfinger's plan worked?

39 posted on 07/18/2014 7:39:42 PM PDT by MUDDOG
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To: House Atreides

I meant to say that MUCH of the physical gold there likely has multiple “owners” each thinking it is theirs. Any government who trusts the US federal reserve and the NY banks is stupid and/or gullible.


40 posted on 07/18/2014 7:40:33 PM PDT by House Atreides (ANOTHER CONSERVATIVE REPUBLICAN FOR CHILDERS 2014 .... Don't reward bad GOPe behavior.)
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To: Leaning Right

“Conclusion: The gold is still at Fort Knox.”

There is gold at the Fed in NYC as well.


41 posted on 07/18/2014 7:49:45 PM PDT by DBrow
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To: All


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42 posted on 07/18/2014 7:52:56 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Mariner

Deflation is a Bitch.

There’s only one way to fight back, inflate or devalue your currency.

The race to the bottom is still in full force.


43 posted on 07/18/2014 7:53:52 PM PDT by Zeneta (Thoughts in time and out of season.)
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To: musicman

And now Billy Joe MacAllister’s jumped off the Tallahatchie Bridge.


44 posted on 07/18/2014 7:58:08 PM PDT by MUDDOG
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To: MUDDOG

And now Billy Joe MacAllister’s jumped off the Tallahatchie Bridge.


The only question I have for you is “Did you look up the spelling of Tallahatchie, or did you already know it ?”


45 posted on 07/18/2014 8:02:28 PM PDT by Zeneta (Thoughts in time and out of season.)
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To: SkyPilot

Fiat currency is fully backed by the police state.


46 posted on 07/18/2014 8:03:23 PM PDT by grumpygresh (Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
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To: Zeneta

I got it from a lyrics webpage, but then I checked it.


47 posted on 07/18/2014 8:06:25 PM PDT by MUDDOG
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To: MUDDOG

So I’d like to thank you.

I went to youtube for the song and I actually was compelled to listen and watch the entire ad before hand.

An amazing Christian apologetic organization.


48 posted on 07/18/2014 8:13:00 PM PDT by Zeneta (Thoughts in time and out of season.)
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To: Zeneta; musicman

It is a great song. The picture musicman posted is like them sitting around the dinner table in the song.


49 posted on 07/18/2014 8:18:13 PM PDT by MUDDOG
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To: grumpygresh

It’s only paper.


50 posted on 07/18/2014 8:19:17 PM PDT by Bogie
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