UH OH! Germany Lost 66% of their Gold by having Stored it in the United States in the Trusty hands of the Federal Reserve? And Another 21% in the Trusty Hands of U.K's Govt? We all know, there is really NO Gold in Fort Knox, if it Looks like Gold - Well can someone say "FAKE"?

I knew the U.S. held gold for other countries, but I did not realize that the U.S. was the custodian for 66% of Germany's Gold!  London holds 21% of their gold!  Look at this graph of Germany's gold and where it is held. 

If I was Germany right now, I would be just a little bit worried.  Both U.S. and U.K.'s officials have proven themselves to be untrustworthy.  They will do whatever it takes to keep the banks happy.  We also know how Gordon Brown sold off most of U.K.'s gold when the price was the lowest possible, years ago.  We also have heard and it has been proven of the fake gold in the form of bars, filled with tungsten and only a small gold layer on the outside.  Let's also look at the FACTS, there has not been an audit of Fort Knox, since Truman's administration, though Ron Paul has called for one over and over again.  He is trying to get a bill passed once more.    Remember Hong Kong received Fake Gold from London last year, when they called their gold back to put in their newly built vault. 

The fact Germany has so much gold held outside their country, this article even says: The U.S. may even just keep the gold as their own.  (Bet that would start a war on it's own) 

Portions from article:

Related to an essay by former U.S. Treasury Department and Federal Reserve official Edwin M. Truman (in which he is advocating that the United States should sell its gold reserves - see http://www.gata.org/node/9150.), Powell states with regard to Rickards interpretation:

“Rickards construes Truman's essay to mean that the U.S. political and financial establishment isn't thinking about using gold to restore some strength to the dollar and as a result the dollar will collapse and the world monetary system's return to gold will be chaotic rather than rational.

And, in addition to that, there is over 6000 tons of foreign official gold that is stored in the United States that we could always convert if we wanted to. If that gold is at the Federal Reserve Bank of New York, the United States could just secure it. We could send in a military convoy and move it to West Point or some secure US location and then just give the Europeans a receipt. So we could actually up our gold supply to over 14,000 tonnes very, very quickly. So we are a gold superpower.

In a way, the Fed could afford to trash the paper dollar, or at least experiment and risk trashing the paper dollar because if the paper dollar collapses, we could just go back to gold pretty easily. But the rest of the world can’t, especially if we take their gold.

UH OH - How MUCH Fake Gold is Out There? This Could Be Huge - Imagine Prices, when Dust settles!

HOW MUCH FAKE GOLD IS OUT THERE?

Article:

http://www.financialsense.com/fsu/editorials/kirby/2009/1112.html

From Article:


I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences:

1] - irregularities in the publication of the gold ETF - GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.

2] - reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.

Why Tungsten?

If anyone were contemplating creating “fake” gold bars, tungsten [at roughly $10 per pound] would be the metal of choice since it has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it.

Unfortunately, there are now more sordid details to report.

When the news of tungsten “salted” gold bars in Hong Kong first surfaced, many people

who I am acquainted with automatically assumed that these bars were manufactured in

China – because China is generally viewed as “the knock-off capital of the world”.

Here’s what I now understand really happened:

The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].

This was apparently all highly orchestrated by an extremely well financed criminal operation.

Within mere hours of this scam being identified – Chinese officials had many of the perpetrators in custody.

And here’s what the Chinese allegedly uncovered:

Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.

The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly “sold” into the international market.

Apparently, the global market is literally “stuffed full of 400 oz salted bars”.

Makes one wonder if the Indians were smart enough to assay their 200 tonne haul from the IMF?

A Slow Motion Train Wreck, Years in the Making

An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 has always ‘stuck in my craw’:

DA investigating NYMEX executive - Manhattan, New York, district attorney's office, Stuart Smith - Melting Pot - Brief Article – Feb. 2, 2004

A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney's office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange's markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney's office also declined comment.

The offices of the Senior Vice President of Operations - NYMEX – is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence "prove" that the amount of gold in question could not have possibly come from the U.S. mining operations – because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.

We never have found out what happened to poor ole Stuart Smith – after his offices were "raided" – he took administrative leave from the NYMEX and he has never been heard from since. Amazingly [or perhaps not], there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave - all for nothing?

These revelations should provide a “new filter” through which Rothschild exiting the gold market back in 2004 begins to make a little more sense:

“LONDON, April 14, 2004 (Reuters) - NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.”

Interestingly, GATA’s Bill Murphy speculated about this back in 2004;

“Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but suspect:”

*SOMETHING IS AMISS. THEY KNOW A BIG GOLD SCANDAL IS COMING AND THEY WANT NO PART OF IT. …”

“ROTHSCHILD WANTS OUT BEFORE THE PROVERBIAL "S" HITS THE FAN.” BILL MURPHY, LEMETROPOLE, 4-18-2004

FOR MORE OF THE ARTICLE PLEASE SEE THE LINK!

Okay - FAKE GOLD - all over the world!! Prices would plummet in the beginning of this getting fully out to the public - in my opinion! Because of the worry of what is real or not?! BUT once the Dust settles IMAGINE - What PRICES WILL BE!! The realization there is NOT AS MUCH GOLD AS THOUGHT IN THE WORLD - Will make prices go Through the Roof!!

*** Oh Yeah - Side NOTE*** YEP - This was ALSO predicted by the Web bot - last year - Fake Gold, Big problem - drop in price - BUT then sky rocket!!! I will remind everyone - the webbot prediction for precious metals is: GOLD - Buy Property type things with - SILVER - $600 to $800 per ounce! This is for Mid Next Year! (Oh, right, we are only 2 months away from starting 2010) GOT METALS?

China will control the World within 2 years

A senior communist Chinese Communist Party Researcher says China needs to buy Gold to hedge against the U.S. dollar. He feels the Yuan will be the trading currency in the future and China needs to have more gold to back it.

China has been purchasing resources of other countries for the last few months for
China's growing economy. It is also stated, China should start purchasing land within the U.S. with their dollars. China has increased their gold reserves to 1054 tonnes from 600 tonnes since 2003. The IMF (International Monetary Fund) is slated to sell 400+ tonnes of Gold from their reserves in the next few months, it has been hinted at, that China will purchase all of it from the IMF.

Sinopec, China's largest oil refiner, agreed on Wednesday to buy Swiss oil explorer Addax Petroleum Corp for $7.24 billion in China's biggest overseas acquisition.

China is setting themselves up to be the superpower of the world, they will be taking the title from the U.S., I would estimate within 2 years.

China has the manufacturing base, as the U.S. does not now, so they will be able to control the products of the world. China will own the energy and other natural resources throughout the world. They will probably own land and important real estate throughout the world also, including inside the United States.

For all those people who believe China needs us, well you may be in for a rude awakening, as China is positioning themselves for almost every other country, to need them in the future. They will control the world's resources and products.

I have no doubt when China has fully positioned themselves by getting rid of the the majority of their U.S. debt reserves by purchasing resources throughout the world, prime and important real estate throughout the world, backing the yuan by a gold standard and have made enough agreements with other countries for using the yuan as a reserve and trading currency, in one full swoop it will hit the U.S. and those people who have not been paying attention hard.

China will have the control to pull the rug out from the U.S. in one go, or they can continue to let the U.S. slowly but surely decline. They are the ones who have the control NOT the United States. Oh, if you don't believe that, then you are hiding your head in the sand and not looking at the situation honestly in the United States.

Also, if you think the U.S. is rich in gold, you may want to think again! The U.S. has not allowed an accounting or audit of the supposed gold at Fort Knox since Eisenhower was President. Many many groups have asked for an independent audit of the gold and release to the public how much is there, but all have been refused. Why? Is that why Nixon took the U.S. off the gold standard in 1971, because there was no gold to back the paper money?

I listened to a radio program online a couple of months ago, the person was an international gold trader. The person mentioned there was "melt" on the market being sold. Everyone who is in the gold business knew that the only entity/country who would be selling "melt" as what was on the market was the United States. The U.S. is the only country that had ever confiscated gold from their citizens in the 1930s and melted it. He also stated, by there being melt on the international gold market for sale, that meant that "someone" was at the bottom of their barrel of gold.

The next question is, when will those countries holding the United States debt demand for an audit of the Fort Knox, besides the United States action groups? Will the U.S. deny the demands? I would think so, because I also believe the U.S. does not have any gold left. Otherwise they would not have refused every demand for an audit, they would have opened the vaults to stop the rumours and accusations of the U.S. no longer having any gold for over 30 years.

People need to look at the situation without rose colored glasses and take the "red" pill. China will be the superpower of the world and they will start controlling what happens in the world along with all the resources. The United States once the dollar has lost it's reserved currency status, along with the truth of Fort Knox gold, others will not buy our debt and our dollar will hyperinflate. The truth is hard to swallow, but if you don't acknowledge the truth now, you will not have positioned yourself for the coming changes and will be lost like the majority of the population of the U.S.. Look at the situation honestly don't be taken by surprise and shock at what the future of the U.S. will be.

LINKS to corresponding articles: http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=85486&sn=Detail

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece

ANOTHER LINK - about China's purchases of resources around the world:

http://www.time.com/time/magazine/article/0,9171,1890398,00.html