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 | Ronan Manly - Bullion Star |
| New Gold Pool at the BIS Basle, Switzerland: Part 1 |
| “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England
Introduction
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as tSaturday, April 18, 2020 |
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 | Charleston Voice |
 Germany's Stolen Gold Reserves - Times are changing - the debts remain (Russian) |
| Is the US Fedkeeping doublebookkeeper entries -addingGermany's plusothergovernments' goldincluded in the USclaimedreserves of 8,100+ tons? Show metheyaren't.
STERN REMINDER:It's notownershipthatcounts - -it'salwayswho has CONTROL! Bereminded ofthistruismwhenitcomes toyourownpersonalbankdeposits and "safe"deposit boxes.Saturday, March 21, 2020 |
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 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
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 | Mark O'Byrne - gold.ie |
| Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony |
| – Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England– Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil– Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes– Central bank gold purchases continue to be major drivers of gold market– Russian central bank gold reserves now exceed those of China– Decisions to repatriate and increase gold reserves come as rifts between East and West wiWednesday, March 14, 2018 |
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 | Chris Powell - GATA |
| Germany's gold repatriation leader elected chairman of Bundestag's budget committee |
| By Guy Chazan
Financial Times, London
Wednesday, January 31, 2018
An MP for the far-right Alternative for Germany has been elected chairman of the German Bundestag's powerful budget committee, in a significant coup for the populist party.
A fierce Eurosceptic who has criticised the eurozone bailouts and attacked Angela Merkel’s liberal refugee policy, Peter Boehringer once described Germany's Muslim population as "a great danger to our state."
Chairmanship of the budget committee, which has a Thursday, February 1, 2018 |
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| Ronan Manly - Bullion Star |
| US Gold Reserves, Of Immense Interest to Russia and China |
| Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.
The first of these articles, published by RT on 30 December 2017, is titled “US gold ofFriday, January 19, 2018 |
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| Mark O'Byrne - gold.ie |
| ‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank |
| – ‘Availability of gold strengthens public confidence in the central bank’s balance sheet’ say Bundesbank
– Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets
– Bank taken series of steps to increase transparency around Germany’s gold holdings
– Germany has second largest gold holdings in the world; U.S. believed to be largest
– Transparency important and all central banks should follow the Bundesbank lead
Editor: Mark O’Byrne
Germany’s cSunday, December 31, 2017 |
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| Graham Summer - Gains Pains & Capital |
| ‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank |
| ‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank
- 'Availability of gold strengthens public confidence in the central bank’s balance sheet' say Bundesbank- Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets- Bank taken series of steps to increase transparency around Germany’s gold holdings- Germany has second largest gold holdings in the world; U.S. believed to be largest- Transparency important and all central banks Tuesday, December 19, 2017 |
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| Chris Powell - GATA |
| Shilling for Bundesbank, FT avoids key questions about gold |
| Yesterday the Financial Times continued its campaign to persuade the world that nothing deceptive is going on in the gold sector, publishing a long article lauding the German Bundesbank and its board member, Carl-Ludwig Thiele, for flawlessly arranging the repatriation of some of the central bank's gold from London, Paris, and New York.
At least the article, appended here, quotes the founder of Germany's "Repatriate Our Gold" campaign, Peter Boehringer, who just has been elected to the country'sTuesday, November 14, 2017 |
|
 | Mish - Global Economic Analysis |
| Another Look at Capital Flight in Italy and Spain: ECB’s Target2 Explanation is False |
| The ECB claims that Target2 does not represent capital flight. Evidence says the ECB is wrong, especially for Italy and Spain.
I have discussed this previously, but let’s recap Target2 before taking a look at new charts.
Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”.
Under the ECB’s QE program, which started in March 2015, eurozone members’ central banks buy private market securities for €1.74 trilMonday, September 25, 2017 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Germany Finishes Gold Repatriation |
| At the end of August, Germany completed its gold transfer process. What does it mean for the gold market?
On August 23, 2017, the Bundesbank informed that it had finished the planned repatriation of gold earlier than originally assumed. The German central bank transferred approximately 300 tons of gold from the New York Fed and about 374 tons of the yellow metal from Paris in the years 2013-2016. In that way, the Bundesbank managed to realize its gold storage plan three years ahead of schedule. Thursday, September 14, 2017 |
|
| Chris Powell - GATA |
| Huge World War II bomb being defused near German gold reserves |
| FRANKFURT, Germany -- Frankfurt's city center, an area including police headquarters, two hospitals, transport systems, and Germany's central bank storing $70 billion in gold reserves, will be evacuated on Sunday to allow the defusing of a 1.8-ton World War II bomb.
A spokesman for the German Bundesbank said "the usual security arrangements" will remain in place while experts work to disarm the bomb, dropped by the British air force and uncovered during excavation of a building site.
The BundesbFriday, September 1, 2017 |
|
 | Alasdair Macleod - Finance and Eco. |
| See no evil, speak no evil… |
| The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day:...where do the Fed and the ECB respectively think America and the Eurozone are in the central bank induced credit cycle, and therefore, what are the Fed and the ECB going to do with interest rates? And why is it still appropriate for the ECB to be injecting raw money into the Eurozone banks to the tune of $60bn per month, if the great financial crThursday, August 31, 2017 |
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| Chris Powell - GATA |
| Rickards: Repatriation will slow gold leasing; U.S. may revalue gold if debt ceiling isn't raised |
| Fund manager and author Jim Rickards writes today that repatriation of German gold from the New York Fed to the Bundesbank's vault in Frankfurt will greatly reduce the gold available for market manipulation through leasing, because there is no well-developed system of leasing in Frankfurt nor adequate law to provide for it.
Rickards adds that the repatriation was hastened so that German Chancellor Angela Merkel, embroiled in an election campaign, could appease a small nationalist party that advoWednesday, August 30, 2017 |
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| Ronan Manly - Bullion Star |
| BullionStar quoted in Wall Street Journal article on New York Fed gold |
| On August 10, the Wall Street Journal (WSJ) published an article about the Federal Reserve Bank of New York (FRBNY) custody gold and the NY Fed’s gold vault. This vault is located under the New York Fed’s headquarters at 33 Liberty in Manhattan, New York City.
The article, titled “The Fed Has 6,200 Tons of Gold in a Manhattan Basement – Or Does It?”, can be read on the subscription only WSJ site here, but is also viewable in full on both the Fox News Business and MorningStar websites, here and hSaturday, August 19, 2017 |
|
| Mish - Global Economic Analysis |
| EU Deposit Insurance, a Bank Crisis in Italy and Greece, and the Coming Ban on Cash |
| Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts.
Today let’s investigate the EU’s deposit insurance scheme with the likely result being a ban on cash.
On July 19, with little media publicity, the EU Single Resolution Board issued a statement with this exact title: Press Release – Banking Union – Single Resolution Board collects €6.6 billion in annual contributions to the Single Resolution Fund, now reaching €17 billion in total.
FTuesday, August 1, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Mersch and Nowotny's Comments and Gold |
| This week, two member of the European Central Bank’s (ECB) governing council gave speeches. What can we learn from them?
On Tuesday, Yves Mersch, the member of the Executive Board of the ECB, delivered a speech at MNI Connect event in Singapore. His comments were in line with Draghi’s previous remarks. Mersch pointed out that “the global recovery is firming and broadening”, while and “the ongoing economic expansion in the euro area provides confidence.” He even reiterated the opinion that the deSaturday, July 29, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Turkey Is Buying Gold Like There’s No Tomorrow |
| In the past few weeks and months we have seen some reports wherein it became clear Germany is actually selling some of its gold on a monthly basis. That’s an interesting phenomenon as it’s weird to see a country secretly repatriating its gold which it starts to sell shortly afterwards.
There’s no doubt it must have been easier to start selling when it was still located in the foreign vaults, and just transfer the cash proceeds back to Berlin or the Bundesbank. But okay, the sales are pretty maMonday, July 24, 2017 |
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 | Jan Nieuwenhuijs - Bullion Star |
| Did The Dutch Central Bank Lie About Its Gold Bar List |
| Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this falsehood.
Recap
This story started a couple of yeSunday, July 23, 2017 |
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| Sprott Money |
| Real Physical Gold vs Manipulated Paper Gold - Rory Hall |
| Long time readers of The Daily Coin may remember we interviewed Peter Boehringer, the architect for the German Gold Repatriation Movement.
Peter has been skeptical of the information provided by the Bundesbank
since day one. Bundesbank, Germany’s Central Bank, has never once
produced a gold bar serial number, an assay or any actual tangible proof
that Germany has ever received any of the gold they requested from
clutches of the Federal Reserve. This would have never been a question
as GermTuesday, July 11, 2017 |
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