What is this secret repatriation of Gold about?
We have heard from one
very reliable source that repatriation of gold is secretly taking
place at this moment from the USA to Europe. This is October 2014!
The information contains
details about transported quantities by one of the global security firms
being much higher than usual, as well as country of destination.
This leads us to believe
that some central banks in Europe may be feeling tension and their boards see
that the ‘whatever it takes’ QE, LTRO or OMT policy, or whatever they call
this monetary financing, can and probably will have serious repercussions.
The Swiss National Bank
(SNB) started selling gold in 2000 near the lows of the market. At that same
time, many years ago, the movement to stop this selling started in
Switzerland which, on November 30, will lead to a definitive choice by Swiss
voters whether to a) Stop selling gold, b)
repatriate all foreign held gold, and c) maintain 20% gold
backing of SNB assets, or alternatively risk being dictated to by the
European Union and the ECB. Click here for more information
Of course the German request for repatriation from the USA was a
total failure. Germany requested to get 680 tons of gold back from
the FED, but received only 5 and were told that they
will get the rest back in 2020. There can be only one reason for this delay, their gold is not there anymore.
Since this fiasco and with the change of the Merkel coalition this summer the
new party line is: “The Americans are taking good care of our gold,”
“Objectively, there’s absolutely no reason for mistrust.” And, “There’s
no evidence that German gold at the New York Fed has been tampered with”.
Well, “of course not, because there hasn’t been an audit for 60 years
of who owns what or how many bars are still in US vaults!”
Repatriation of larger
than regular quantities of Precious Metals, especially gold, requires a long
enough chain of secure physical transport logistics, whereby a number of
people must be aware of start and finish locations. Confidentiality appears
to have been unwillingly violated in this reported case and shows again that
people make mistakes. As we have absolutely no reason to doubt this source,
asking questions to relevant parties shall only be countered with strong
denial.
The mere fact that this repatriation of gold appears to be happening
in secret confirms what wealth preservation investors have always known,
namely that Gold should be held under direct control of the owner. That is
the only proof that the gold actually exists.
