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Fed Chair Tight-Lipped on Foreign Nations’ Evacuation of Gold from U.S.
Headline USA ^ | 28 Feb 24 | Ken Silva

Posted on 03/02/2024 1:34:38 PM PST by delta7

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Keep in mind the US has not had a full gold reserve audit since the late 50’s. China, Russia, Indian central banks have been buying record amounts of gold, presumably to back their digital currencies with gold holdings.

Stay tuned, I suspect the US does not have what they say they have….which is why states like Utah, Texas, and a few others have started state owned gold depositories.

1 posted on 03/02/2024 1:34:38 PM PST by delta7
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To: delta7

“Such a scenario would explain news reports from 2014 about Ukraine’s gold reserves being “hastily airlifted” to the United States from Borispol Airport just east of Kyiv.”
———
Keep in mind the same happened to Libya- they never got theirs back….nor did Venezuela and a few others. Ukraine it appears is going to have one huge surprise coming……


2 posted on 03/02/2024 1:38:24 PM PST by delta7
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To: delta7

The US has a lot of gold plated tungsten bars to send. Lol if these idiots think that our gold reserves aren’t gone. Some of them were found in Menendez’s closet...


3 posted on 03/02/2024 1:41:24 PM PST by HYPOCRACY (This is the dystopian future we've been waiting for!)
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To: HYPOCRACY

They are not actually “plated,” more like jacketed.


4 posted on 03/02/2024 1:43:51 PM PST by ThanhPhero
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To: delta7

“ which is why states like Utah, Texas, and a few others have started state owned gold depositories.”
———
…and now Kansas….some appear to be in the know…seven states it appears are “ preparing “….many more to follow.

https://gata.org/node/23044

“ Kansans could start using gold and silver as currency to cover debts, taxes, and state fees if the Kansas specie legal tender act is passed.

Twenty-seven Kansas representatives sponsored the bill, which advocates say allows people to protect themselves from inflation. Several of the proponents also spoke broadly about their belief that gold is a superior form of currency compared to fiat.

“It seems a little bit odd to me that we’re seeking to authorize gold and silver as legal tender, because it was used for thousands of years as legal tender to pay bills, to trade, what have you,” said Rep. Michael Murphy, R-Sylvia…”


5 posted on 03/02/2024 1:43:55 PM PST by delta7
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To: delta7

Iraq, Libya and Ukraine are all USA ops to get gold to give back to countries we stole from. That’s my story.


6 posted on 03/02/2024 1:45:37 PM PST by wgmalabama (Censored!)
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To: delta7
Stay tuned, I suspect the US does not have what they say they have

There was a story a few years ago that reported that Germany stores a lot of its gold in the US. Germany notified that they would come to the US to audit their gold reserves. The US said that they could not come and look at their gold. Don't worry, we said. We still have your gold, we said. It's safe, we said. You just can't come and look at it.

7 posted on 03/02/2024 1:46:11 PM PST by ClearCase_guy (It's not "Quiet Quitting" -- it's "Going Galt".)
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To: HYPOCRACY

“gold plated tungsten bars”

How is it that there is no non-destructive testing method or two to separate the wheat from the chaff?


8 posted on 03/02/2024 1:46:40 PM PST by Paladin2
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To: ThanhPhero
Like Rod "The Mod"!
9 posted on 03/02/2024 1:46:46 PM PST by HYPOCRACY (This is the dystopian future we've been waiting for!)
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To: Paladin2

There is. Once you can get to them. As one other poster said, the Fed hasn’t been audited since the 1950s.


10 posted on 03/02/2024 1:48:32 PM PST by HYPOCRACY (This is the dystopian future we've been waiting for!)
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To: delta7

I wonder how much the NYS persecution of Donald Trump and the attempted confiscation of maybe a billion dollars from him plays into this. That NYS effort reeks of banana republic where no private assets are safe and, if they succeed at it once, they will do it a thousand times. It’s not just NYC developers standing up and taking notice.


11 posted on 03/02/2024 1:52:03 PM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: delta7

Bitcoin at least doesn’t pretend to not be fiat currency.


12 posted on 03/02/2024 1:59:38 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: Paladin2

Very easy to test for 100% gold content inside any gold covered brick. Heard of Archimedes of the Eureka game?


13 posted on 03/02/2024 2:16:27 PM PST by Bobbyvotes (I will be voting for Trump/whoever in November. If he lgovernir oses, country is finished.)
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To: delta7

Going to be an interesting calamity for sure, a thinning the herd period...


14 posted on 03/02/2024 2:17:04 PM PST by dpetty121263
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To: Bobbyvotes

W is too close in density.

W 19.25 g/cm3

Au 19.3 g/cm3


15 posted on 03/02/2024 2:26:55 PM PST by Paladin2
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To: delta7

“ According to a 2023 Invesco survey, a “substantial percentage” of central banks expressed concern about how the U.S. and its allies froze nearly half of Russia’s $650 billion gold and forex reserves. One anonymous central banker told Invesco that his country quietly repatriated its gold from London, and some 68% of the banks surveyed said they are keeping their gold reserve within their country’s borders—up from 50% in 2020.”
*************************************************************************

Why would any RATIONAL sovereign nation entrust any portion of its gold or other monetary reserves to a nation (e.g., UK, USA) that freezes and/or seizes the reserves of other nations?

Why would any rational nation NOT be planning on repatriating its reserves from such GIBS-ME-DAT-GOLD thieving nation?


16 posted on 03/02/2024 2:28:40 PM PST by House Atreides (I’m now ULTRA-MAGA. -PRO-MAX)
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To: Paladin2

Still enough difference to be measured but I can understand your point.


17 posted on 03/02/2024 2:34:27 PM PST by Bobbyvotes (I will be voting for Trump/whoever in November. If he lgovernir oses, country is finished.)
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To: House Atreides

Because fort Knox is more safe than third world countries.


18 posted on 03/02/2024 2:35:35 PM PST by Bobbyvotes (I will be voting for Trump/whoever in November. If he lgovernir oses, country is finished.)
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To: Bobbyvotes

“19.32 g/cc Gold Au 79
19.35 g/cc Tungsten W 74”

https://www.angstromsciences.com/density-elements-chart


19 posted on 03/02/2024 2:39:10 PM PST by Paladin2
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To: Paladin2
Speed of sound is about 50% different. Tungsten 5220 m/s and gold 3240 m/s. Anyone who owns a lot of gold or buys and sells it better buy some ultrasound equipment.
20 posted on 03/02/2024 2:42:31 PM PST by KarlInOhio (Democrats' version of MAGA: Making America the Gulag Archipelago. Now with "Formal Deprogramming")
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