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Thursday
Feb142013

Rumors Swirling On Germany's Gold Grab

Report from Stuart Varney, perhaps the last person to have seen the Fed's foreign gold vaults. [sarc]

Don't skip the last 5 seconds.

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Here are the details:

Bundesbank - Official Statement On Germany's Gold Repatriation

How German Gold Storage Will Look In The Year 2020

The German central bank is planning a “phased relocation” of 300 tonnes (metric tons) of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020.  The reserves should end up looking like this:

  • Frankfurt (31%, currently) 50% by Dec. 31, 2020
  • New York (45%, currently) 37% by Dec. 31, 2020
  • London 13% no change
  • Paris (11%, currently) 0% by Dec. 31, 2020

 

More here:

"Germany's Gold Is Being Held Hostage By The Fed"

 

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Reader Comments (6)

WHAT GOLD !
Jan 30, 2013 at 3:14 AM | Unregistered Commentermick
Seven years to recover 10% of their gold is hardly a "gold grab". More like a slow pinch....
Jan 30, 2013 at 5:00 AM | Unregistered Commenterchiller
More like a slow pinch....

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That's the only way to do it if you don't have all the gold in storage as some believe.
Jan 30, 2013 at 1:09 PM | Registered CommenterDailyBail
Germany giving a little breathing room to US, France and UK. Giving OK to harvest Mali's gold. If Germany demanded gold back now(all of it), the jig would be up. There's a balancing act among the central banksters.
Jan 30, 2013 at 2:24 PM | Unregistered Commenterrobertsgt40
I think they already have it and they just want to watch the American CIC squirm because he just found out Fort Knox is full of gold plated tungsten. Obama is a Bush cabal punk who is probably hearing crickets right now. Of course, Obummer will become all submissive and sign the paper handed to him that sends the rest of the surviving U.S. military to Africa to steal their gold and other precious materials.
Jan 30, 2013 at 8:17 PM | Unregistered CommenterHoward T. Lewis III
The New York Fed and Deutchebanc were reported to have cooperated in the laundering of a few hundred billion in counterfeit securities which were burned up when one of the jets that hit the WTCs made a direct hit on the government's securities exchange room. The real ones, leftovers from the bankrupting of the Soviet Union, had actually been spared for later redemption. At the same instant, a convoy of U.S. Army trucks were leaving the basement of the WTCs with loads of gold. Two trucks were blocked by falling debris. This request by Germany is further action against the U.S. after much gold was looted and replaced with tungsten by traitorous agents with the keys to the vaults, and a complicit or passive CIC. This tungsten casting job was documented to be from a New Jersey foundry.
Feb 15, 2013 at 9:53 PM | Unregistered CommenterHoward T. Lewis III

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