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Stand and Deliver: How Germany Disrupted the World's Gold Market

- Jesse - Le Café Américain

I find that you yourself have made a number of assumptions in an effort to cast doubt on assumptions made by someone else.

"Yet no other central bank has asked for some or all of their gold back. Not even one." Do you have irrefutable proof of this? Your assuming that all communications central banks conduct would be in the public realm. You cast doubt on the BRICs adding gold and silver into the mix, can you at the same time provide proof that they are not? You see, your comments are based on nothing more than assumptions that run contrary to the assumptions you claim the author made. If you were able to provide documentation that outlined what the BRICs were really doing and within these documents there was no listing of gold and silver then you could hold your comments up as correct. Unfortunately it seems that the only worth your comments hold are based on your own opinion of them, not possibly unlike the authors?

"Brazil has only modestly added to their gold reserves, bringing them back to a level (67.2 tons) last seen in Nov. 2000. South Africa has about 125 tons of the stuff as reserves and in an official statement issued toward the end of May, stated they have no plans to add to that total." Are you privy to all of the current internal policies for either country that you could produce documentation to back up your claim? Can you with all certainty state that what may have been officially released is the sum of all activity they will be part of in PM's this year and next? You allow no room for private dealings within organizations (governments and CB's) which are very secretive. The fact that they released any figures would immediately cause alarm with anyone that has even a simple understanding of how these entities work and be identified as misleading.

Would the Fed really just print up the few billion it would need to buy back the gold Germany wants back without someone picking up on it? I don't know but your speculating that it could. I would counter that with all the attention that is focused on what it does every day there is a chance someone would discover this act, whistle blowers are everywhere these days don’t cha know. Is what I just said possible, yes. Can I prove it, no. Can you disprove it, no. Ergo it's possible till proven incorrect just as what you said is possible but neither can be held up as correct no matter how much value you place on your own opinions.

Effectively your speculation is no different than that of the gold bugs with the exception that what gold bugs believe has some value based on observable events in the world and with the US Fed especially. If you take an item such as the verifiable request by Germany to have an audit done of the gold it has in the US Fed and the audit being turned down there is much room for speculation of why there was no audit. From Der Spiegel: “"Finally, in 2007, "following numerous enquiries," Bundesbank staff members were allowed to see the facility, but they reportedly only made it to the anteroom of the German reserves.

In fact, auditors from the Bundesbank made a second visit in May 2011. This time one of the nine compartments was also opened, in which the German gold bars are densely stacked. A few were pulled out and weighed. But this part of the report has been blacked out - out of consideration for the Federal Reserve Bank of New York.”

At this point there is room for reasonable speculation based on a lack of performance on the Fed’s part. If the Fed let the inspectors in and even showed them some of the gold belonging to Germany why would they not right away show them all of the gold the held on Germany’s behalf?

Your opinions, well who knows what they stem from but there are so many more holes in yours that were the sum of your conjecture a canoe in the middle of a lake you need scuba gear to find it.

Commented 3953 days ago

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Beginning of the headline :Someone asked, 'why would there be a desire to do a stealth confiscation of gold from the public holdings in ETFs and private stores through price manipulation?' Who could have been assigned the task of prying bullion out of the hands of the people, and for what conceivable reason? It appears to be happening, but why? There are any number of possible reasons. Concerns that an innovative new round of QE and money creation might create a run on the gold price is one possibility. There should... Read More

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