Jim Willie: France & US Liberating Mali Gold to Meet Bundesbank Repatriation Request!

March 15, 2013 By 41 Comments

mali goldThe Golden Jackass Jim Willie sat down with The Doc for a MUST LISTEN interview regarding the markets, gold & silver, and a coming European banking collapse.

Willie made explosive allegations regarding the banking cartel, stating that the US & France launched an invasion of Mali in order to utilize Mali’s gold production to meet the Bundesbank’s 300 ton gold repatriation request.
Wille states that there is a huge shortage of the metal, and that a massive gold rush will soon be ignited, resulting in an epic short covering rally and a 50% explosion in the price of gold.

Jim Willie’s full MUST LISTEN interview with The Doc is below:
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German Gold Repatriation Is Victory For Transparency And GATA

January 29, 2013 By 4 Comments

The Financial Times has said that the Bundesbank’s move to repatriate 674 tonnes of the German gold reserves from Paris and New York to Frankfurt is a victory for openness, transparency and for those who have campaigned for transparency in the gold market for years.

The FT said that the move is important -

“not for what it says about Germany’s faith in French or American vaults; nor for the cost of shifting 674 tonnes of gold; but because it is a major victory for transparency in the gold market.” [Read more...]

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Deepcaster: EXPOSÉS REDUX

January 19, 2013 By 19 Comments

gold tungstenSubmitted by Deepcaster:

“Knowing Key Truths, especially those hidden by Officialdom for their own Economic or Political Benefit, is a Necessary, but not Sufficient, Condition for Successful Investing. Therefore, Periodic Exposés of Hidden Truths is Essential.”

One Key Truth relating to Gold, and thus to the Soundness or lack thereof of our Fiat Currencies and Financial System, is that there is a Serious Question regarding whether Major Western Banks and Governments actually have all the Gold they say they do. In this regard, Germany has decided to repatriate their 3,400 Tons of Gold allegedly stored at The Fed in New York.   Why?

“I guess it all depends on how you look at it. … Either this is a purely political show or it isn’t. Either the gold is really there to be repatriated or it isn’t. …   “Just three months ago, The Bundesbank labeled as “lunacy” the idea that German gold needed to be brought home. They announce today that they’re doing it anyway, but in sizes nowhere near what had been speculated. Is this just a political trick to mollify the German hoi polloi? Probably. It certainly doesn’t upset the status quo or shake the global banking system in the manner we’d all hoped.

“However, you could also choose to look at it this way: [Read more...]

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Jim Willie: The Petro-Dollar Sunset

January 18, 2013 By 28 Comments

jim willieWith this week’s 600+ ton gold repatriation announcement by the Bundesbank, Germany certainly appears to be taking Jim Willie’s advice to heart that those who exit the USdollar system first will be the leading nations in the next global economic chapter.

By Jim Willie,  GoldenJackass.com

The day is nigh where the Saudis accept non-US$ payments for crude oil. They might first accept Chinese Yuan, then Japanese Yen, then Korean won, then Gold itself through big Turkish bazaars.
The Petro-Dollar is being isolated for sunset, and what will be a key event is the removal of the USDollar as center for global trade settlement.

Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally.

Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World.

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Caption Contest Friday: German Gold Repatriation

January 18, 2013 By 42 Comments

Caption Contest Friday! Ze Germans examine their first bars of physical gold… with a mass spec/tungsten scanner on the table. 

Image: Frank Rumpenhorst/DPA, via Agence France-Presse — Getty Images

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COMEX Open Waterfall Erases Week’s Gains in Gold & Silver

January 17, 2013 By 28 Comments

imagesA classic COMEX open waterfall in gold and silver this morning has erased the week’s gains in both metals.   Silver was smashed over .60 back to a $30 handle, and gold was dropped $20 back to $1665.

We hope you had your Stack the Smack algo running, as both metals have already rebounded strongly off their smash lows. [Read more...]

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Jim Sinclair: German Gold Repatriation a Reaction to Geithner’s Take-Down of Gold at $1800 Via the ESF

January 16, 2013 By 37 Comments

imagesLegendary gold trader Jim Sinclair has sent an email alert to subscribers today stating that the Bundesbank’s announcement that they will repatriate 300 tons of gold from the NY Fed and 374 tons from the Bank of Paris is in direct response to outgoing Treasury Secretary Timothy Geithner’s take-down of gold at $1800 in October via the ESF. 

Sinclair states that a Central Bank would not insult another major central bank unless it is an act of financial war, and that a full blown financial gold war is coming as soon as 2015-2017.

Sinclair also states that Geithner’s parting shot to break gold’s back by the Exchange Stabilization Fund was considered a direct attack on the Euro strategy for what the end game recovery will look like. The Free Gold thesis requires significantly higher gold prices to work and to elevate the euro back in reserve by choice category.

Have we seen the initial shot in a full blown global currency war?

Sinclair’s full alert is below: [Read more...]

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Bundesbank Makes Official Announcement, Will Repatriate 1/2 of Germany’s Gold Reserves

January 16, 2013 By 50 Comments

big resetIt’s official.  The Bundesbank has just invoked pure holy terror among the bullion banking cartel.  The Bundesbank will officially begin repatriating 1/2 of Germany’s gold reserves.  The real question is why now? What has changed over the past 3 months?  Is Germany preparing to leave the Euro and introduce a gold-backed Deutsche Mark?

By 2020, the Bundesbank intends to store half of Germany’s gold reserves in its own vaults in Germany. The other half will remain in storage at its partner central banks in New York and London. With this new storage plan, the Bundesbank is focusing on the two primary functions of the gold reserves: to build trust and confidence domestically, and the ability to exchange gold for foreign currencies at gold trading centres abroad within a short space of time. The withdrawal of the reserves from the storage location in Paris reflects the change in the framework conditions since the introduction of the euro. Given that France, like Germany, also has the euro as its national currency, the Bundesbank is no longer dependent on Paris as a financial centre in which to exchange gold for an international reserve currency should the need arise. As capacity has now become available in the Bundesbank’s own vaults in Germany, the gold stocks can now be relocated from Paris to Frankfurt.

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Bundesbank to Repatriate 374 Tons of Gold From Bank of France, Substantial Portion of Gold Held at the NY Fed!!

January 15, 2013 By 36 Comments

While Bernanke spent his afternoon today outlining why the gold standard can never work (never mind the fact that it worked perfectly for 2 centuries in America), the Bundesbank has just shattered the remaining confidence in the fractional bullion banking system, announcing that it will repatriate a portion of its gold reserves from the NY Federal Reserve, and ALL 374 tons of its gold held at the Bank of France!

In the months that followed Hugo Chavez’ 110 ton gold repatriation request in the summer of 2011, gold exploded nearly $400 as the bullion banks panicked.  As the Bundesbank’s official gold holdings held at the Fed and the Bank of France dwarf Venezuela’s 110 tons, don’t be surprised if the price of physical gold goes super-nova as Germany’s repatriation request plays out, as paper gold rehypothecated 100 times over must suddenly be conjured up in physical form.    [Read more...]

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The Ultimate Gold Infographic: The World’s Gold Reserves & Supply

January 15, 2013 By 13 Comments

demonocracy-gold-10_tons-100_tonsOur friend Oto from Demonocracy.info has released another must see infographic.  Rather than depicting the US debt or deficit in $100 bills dwarfing the NY skyline and reaching the moon, Demonocracy’s latest infographic depicts the world’s entire gold supply in bullion bar form.
In the wake of the Bundesbank’s announcement that it will repatriate its gold reserves from the NY Fed and 374 tons from the Bank of Paris, this is a MUST SEE visual representation of what 374 tons (or Germany’s entire 3,400 ton gold reserves) physically looks like. [Read more...]

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Jim Willie: Central Bank Gold Rehypothecation Scandal to Take Gold to $5,000/oz

November 22, 2012 By 57 Comments

By Jim Willie,  GoldenJackass.com

-The battle is on for delivery and verification for official gold accounts
-Evidence grows that much of it is gone, and when demanded, replaced with urgency
-It is soon to transform into a global gold war
-The German Govt gold demand to the London and NY City bankers represents a big escalation in the gold war
-The central bank coordinated QE to Infinity has brought questions of gold account location and integrity
-The Allocated Gold Account scandal is a natural event to follow the LIBOR banker scandal
-QE3 will assure a gold rise past the $2000 mark, but the new scandal will take the gold price to $5000
-The powerful gold factors are aligned and in place, led by permanent ZIRP and unlimited QE [Read more...]
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German Calls for Gold Repatriation Intensify As Fed Refuses to Allow Inspection

November 22, 2012 By 92 Comments

Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“.

We have stated repeatedly that with repatriation and/or audit requests completed or in progress by Venezuela, Germany, Switzerland, and the Netherlands, The BOE and the Fed suddenly find themselves in a heap of trouble as the situation (and confidence that the Central banks actually still hold the tungsten gold reserves on deposit) is rapidly deteriorating. 
More on the Fed’s non-compliance with German requests to view/inspect their own gold below.

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Fed Sent Bundesbank 172 Bad Delivery Gold Bars in 1968

November 9, 2012 By 43 Comments

The Tylers at ZH have discovered a 1968 memo from the BOE archives sent by the Bank of England to the Federal Reserve revealing that the Fed sent at least 172 bad delivery gold bars to London in the late 1960′s for safekeeping for the German Bundesbank as repayment for swaps.

The memo reveals that London assayers discovered that the Fed through Johnson Matthey sent the Deutsche Bundesbank 172 ”bad delivery” gold bars, and the ”out-turn of the re-melting showed a loss in fine ounces terms four times greater than the gross weight loss”.

The memo also indicates that the Bank of England was willing to keep the discovery private due to the fact that the gold was to be held for the Bundesbank.  A declassified report discovered several weeks ago indicates that the Bundesbank subsequently repatriated 2/3rds of this gold in question from 2000-01. [Read more...]

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Max Keiser With Ned Naylor-Leyland On Germany’s gold, JP Morgan’s shorts and Bart Chilton’s ‘Investigation’

November 8, 2012 By 5 Comments

In the latest Keiser Report, Max Keiser and Stacy Herbert discuss Goldfinger at the New York Fed in Lower Manhattan where Germany’s gold did not dissolve in the Hurricane Sandy floods, but $13 trillion in paper assets did. They also discuss Treasury secretaries and Goldman CEOs as the stuff of nightmares. In the second half, Max Keiser talks to our good friend Ned Naylor-Leyland about Germany’s gold, JP Morgan’s shorts and Bart Chilton’s ‘investigation.’ [Read more...]

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Ned Naylor-Leyland: If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal!

October 31, 2012 By 20 Comments

The Doc welcomed back Cheviot Asset Management’s Ned Naylor-Leyland for an exclusive interview Sunday regarding the German gold repatriation, and how it will affect the physical gold market going forward.
In this MUST READ interview, Naylor-Leyland stated that when you take into account the fractional reserve accounting by the bullion banks, the 50 ton annual gold repatriation number is much larger in terms of the impact on the underlying market.

Naylor-Leyland believes Germany and the other central banks storing their gold reserves at the BOE and the NY Fed are essentially SOL, stating: If you’re holding your central bank gold reserves either in the Bank of England or the NY Fed, unless you are Theseus trying to find the Minotaur, you have no chance of getting out of there with any metal.  The gold ownership chain of custody is severely tarnished and it’s obvious that it’s a problem.  In light of what we know about the tightness of the physical market it appears the pressure is on, and it’s not likely to dissipate.

Full MUST READ interview with Ned Naylor-Leyland on the central bank panic out of paper and into physical gold reserves below: [Read more...]

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