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 Germany would have all their gold had World War II turned out
different and the Germans feared the Russians would steal their gold.
So, they allowed their gold to be moved to the New York Federal Reserve
and France for “safe keeping”. I feel confident the Germans were
strong-armed by the “allies” after WWII and forced to give up a portion
of their gold. Even in the 1940’s, it seems, “Russia did it” was the
meme of the day. – but I digress.
To hear another interview featuring Peter Boehringer with Sean and Rory on SGTReport – click here
In January 2013 Germany made a formal request for the return of 300
tons of gold being held (hostage) in the New York Federal Reserve and an
additional 374 tons being held (hostage) in France. The Federal Reserve
said it would take until 2020, a full seven years, to return the 300
tons. To put this into proper perspective the Shanghai Gold Exchange in
China has been known to move more than 300 tons of physical gold in one
weeks time – far less time than seven years. Why the long delay? If
Germanys gold is being held (hostage) in the NY Federal Reserve, simply
audit the gold, pack it up and ship it out. It really shouldn’t take
more than, conservatively, a month.
As of June 2014, eighteen months later, Germany had only managed to
repatriate a paltry 37 tons or approximately 15% of the requested gold.
Fast forward to what we know as of December 2016. Mr. Boehringer
explained to the world the German gold being held (hostage) was not
physical gold, but paper gold promises. In an article published at GATA,
Peter explains the situation.
The important news came December 21 from the major
German news agency, DPA-AFX, and most likely was written by the
Bundesbank itself for DPA-AFX. The news agency published a
German-language news brief that was uncritically republished by most
German newspapers and magazines without anyone recognizing its
political, economic, and historical sensitivity.
The news item said: “… in den 1950er und 1960er Jahren wuchs der
deutsche Goldschatz rasant. Denn. … Bundesrepublik [hatte] dank des
Exports viele Dollar, die bei der US-Zentralbank gegen Goldforderungen
eingetauscht werden konnten.”
In English: “Germany’s gold hoard grew rapidly in the 1950s and
1960s. Thanks to its export surplus, the Federal Republic amassed many
dollars that could be exchanged at the U.S. central bank against gold
claims.”
The news brief’s term was “gold claims” — not “physical gold
bars,” which both the Bundesbank and the U.S. Federal Reserve contend
have constituted the German gold reserves held in the United States.
****
So it is reasonable if we now consider nearly official what gold
“conspiracy theorists” have been assuming for decades. That is, the
German gold reserves supposedly stored abroad and especially at the
Federal Reserve Bank of New York most likely never existed in physical
form since the 1960s. Rather the German gold supposedly stored abroad
most likely has been only a matter of accounting book entries.
Source
So, it appears there has been a paper game going on for the past
several years, which explains what Louis Cammarosano uncovered. Germany
is actually losing gold and has a lot less gold today than they did in
2013.
Isn’t that interesting? It appears Germany’s national gold has
actually declined by approximately 15 tons since 2013 and since 2007
Germany’s national gold stack has dropped by 45 tons! Who now has the
gold that Germany sold into the market? Why, on the one hand, is Germany
asking for their gold to be returned and on the other hand selling
gold?
In 2014 the Federal Reserve allegedly shipped 85 tons of gold to
Bundesbank. 50 of the 85 tons were supposedly recast gold bars. How do
we know this? Where are the gold bars, what are the serial numbers and
where are the assays? I thought all the “repatriated” gold was merely a
ledger sheet entry – this is from Bundesbank!! What is going on with the
gold and ledger sheets of this crime syndicate? I thought it was
illegal to operate a company, especially a bank, with two sets of books!
How many sets of books is Bundesbank actually using?
This shows another angel of how the paper gold game is played. On the
one hand Bundesbank, the Federal Reserve and the governments of both
countries have supported the “idea” that Germany has “repatriated” close
to 700 tons of gold, while in fact their gold stash has been in
decline. This lack of regulation, integrity, honor and rule of law the
world over, should be another sign that we, the citizens, are on our on.
The chart above shows a steady decline year after year after year. It
appears to be a fairly consistent drop, meaning Bundesbank is shedding
roughly the same amount of gold each year, like making an annual payment
using gold.
Update July 9, 2017 – In the
companion video to this blog post, I noted that I would contact the
Deutsche Bundesbank to determine why they have been steadily selling
gold. I received a twitter notice from @BullionBaron with an excerpt
from the
2016 DB annual report indicating
that DB sold 3,045 kg or 0.1 million oz of gold to the Federal
Government at market prices for the purpose of minting gold coins. I
reviewed DB annual reports for the period covered by this blog post
(2007-2016) and there is a note in each one indicating the sale of gold
each year between 100,000 -200,000 ounces for the purpose of minting
gold coins.
DB noted in its 2012 annual report: “As
part of its management of gold reserves, the Bundesbank has, since
2002, been selling small amounts each year to the Federal Office for
Central Services and Unsettled Property Issues to mint gold coins.
In
2012, it sold around 4.9 tonnes of gold in total for the minting of the
€100 gold coin “UNESCO World Heritage– Aachen Cathedral” and the €20
gold coin “German forest – spruce”. The sales took place under the
extended gold agreement between the central banks of the Eurosystem,
Switzerland and Sweden in August 2009.” A similar note appeared in the
2011 DB annual report, indicating a sale of around 4.7 tonnes for the
purpose of minting the €100 gold coin
“UNESCO World Heritage– Aachen
Cathedral” and the €20 gold coin “German forest – spruce”.
Source
Another Western “developed” nation selling their national gold hoard. Canada sold all but 77 ounces of their national gold hoard in 2016.
Without the rule of law these types of crimes against humanity will
continue unabated. Gold is the key to a healthy, lawful monetary system.
Without gold exposing the lie the fiat currency is telling we should
only expect corruption, fascism and endless war – such as we have
experienced for the past 50+ years.
China and Russia seem to be following the golden rule – he who has
the gold makes the rules. With both nations acquiring gold, along with
several other smaller “emerging” nations, it appears, they are planning
to make the monetary rules in the near future. Avoid the rush – keep
strong and keep stacking.
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
