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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

Bundesbank “Reassures” Re. Gold Bullion Reserves as Deutsche Bank Shocks With €6 Billion Loss Warning - Mark O'Byrne - gold.ie

Ah yes. An inventory sans serial numbers.
This is akin to stating we have 5 cars in the motor pool, but no identification.
Are these vehicles the new sedans or are they 1947 rolls-canardleys (rolls downhill and can hardly make it up the next hill).
Maybe they are just hangar queens aka just for parts?
But wait!!
Nobody has even looked to see if they exist.
Maybe they were recycled and all that is left is a scribbled notation on a receipt.

Perhaps the Bundesbank inventory missive is the result of a €5000 contract with a college freshman to invent an inventory.
After all, perhaps the Bundesbank is getting rental payments from the FedNY for bullion that was sold long ago. Who says that gold bullion must be a non-performing asset? Do you really think the Bundesbank doesn't know the rest of the story?
The thing about belief systems is the absolute requirement to dismiss any contrary evidence and/or questions about the veracity of said belief.
Now for your sanity, you are hereby directed to print this comment out and perform a ritual burning of it to signify the total elimination of any question as to the absolute honesty of the Bundesbank.

Commented 3122 days ago

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Beginning of the headline :The German Bundesbank released an inventory of its gold reserves yesterday in order to quell ongoing public concerns about the true amount of actual unencumbered reserves and the location of the reserves stored in vaults in Frankfurt, London, Paris and particularly in the New York Federal Reserve. (Photo: Reuters)The central bank said its gold reserves amount to 3,384 tonnes of gold worth just €107 billion at today’s prices.The move is the latest by the central bank, which is in the process of t... Read More

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