Posted on 07/09/2015 9:41:27 AM PDT by HomerBohn
Texas doesn't have any gold with the Federal Reserve. All their bullion, actually owned by the University of Texas endowment fund through their University of Texas Investment Management Company, is held at the New York City branch of HSBC.
...and being a$$holes to Germany about sending its gold back to them
At last count Germany shipped between 80 and 90 tons of their gold back to Frankfurt. And have audited what they have left at the New York Fed.
Well, Gold plated Tungsten bars have been found. I’m guessing the Fed has commissioned a replacement program and phonyed up the whole damned stockpile.
Same difference. If it isn’t in their hands, it doesn’t exist.
As for Germany, have they drilled through a sample of their bars yet? The Fed audits itself. Not some outside impartial entity. Did they “audit” Germany’s stockpile, too?
I just don’t believe any of it.
Then that would be a matter between Texas and HSBC. The New York Fed doesn't enter in to it.
As for Germany, have they drilled through a sample of their bars yet? The Fed audits itself. Not some outside impartial entity. Did they “audit” Germany’s stockpile, too?
Any audit of Germany's gold is done by the Bundesbank itself with New York Fed representatives assisting.
This story has been popping up from time to time for at least 50 years, that I know of.
Uh Yes. There hasn’t been any gold in Ft Knox for years. Ask the Germans. They demanded their gold back and were told it would be 7 years. The US has sold or leased out all of our gold and everybody else who was stupid enough to give their gold to us to hold.
That gold was gone LONG before 0bama came along.
How many trips to Fort Knox did Sandy Berger make?
Did anyone check his underwear?
You are far more trusting than I am is about all I can say. Until 2013 Texas’ gold was held by the Federal Reserve and they switched to HSBC. They have since established the Texas Gold Repository (or whatever the name is) to physically move whatever gold there is to Texas.
So far, this is just a name and a location to be named and built. But the real subtext here is that there is a definite healthy mistrust of Federal Government and those connected with it. Reports seen on the internet suggest that HSBC doesn’t even have on hand all the gold it is obligated to guarantee.
As for Germany, I question again. Have they drilled through sample bars to assure they are real?
This coupled with the suspension of sales of gold Eagles is...disturbing.
Understand. Obama has just taken it to a level that we cannot possibly maintain. When QE is no longer possible, the market will tank.
Klintoon and their cohorts stole it right after the tungsten bars were gold plated.
You betcha.
Just suppose they could sell it. How could they move it without someone (a guard, a fork-lift operator, a truck driver, etc.) tipping off th world?
After all, it would take many, many people to move that much weight.
Yep.
All the gold sell off that’s been going on pre-open to offset sky rocketing prices could have a large chunk of it coming from the ‘deep gold storage’
The transfer of German gold from the NY fed to Germany is ongoing. Safe physical transfer to a safe location is more complicated than most imagine.
The Fort Knox Depository is run by the Treasury Dept, not the Federal Reserve.
If you still have doubts, they can do what they did last time to show us the gold. I believe in the 1980s
Open ONE tiny room in fort Knox and let a couple MSM idiots weigh a bar on a kitchen scale while repeatedly yelling “Yep, the gold is all there!”
I couldn’t find it on youtube this moment but it was so comical and sad that I face-palmed. If anybody can post, would be great!
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