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Old 11-30-2014, 04:21 AM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,896
Swiss gold, everybody's gold

Well, the Swiss are going to vote on their gold Sunday. It will never happen because it isn't binding on GOV. Not much chance that the gold is there any way.
" According to the Federal Reserve:

"None of the gold stored in the vault belongs to the New York Fed or the Federal Reserve System. The New York Fed acts as the guardian and custodian of the gold on behalf of account holders...

"...As of 2012, the vault housed approximately 530,000 gold bars, with a combined weight of approximately 6,700 tons..."

In fact, not only does most of that gold not belong to the Federal Reserve, but only a tiny part even belongs to the USA. About 98% is the property of foreign nations."
"Eric Sprott, a well known investment advisor from Canada, scrutinized all the FT900 reports published since 1991, added up the numbers, compared them against production and consumption statistics from the CPM yearbooks, and discovered that a minimum of 4,500 tons of gold, above and beyond what the USA can produce, both from mining and recycling, have been exported since 1991!"
"There is no possible source for thousands of tons of commodity-like gold bars, EXCEPT the basement vault of the New York branch of the Federal Reserve."

From the records of the Federal Reserve meeting;
"In other words, the US Census Bureau dutifully records the gold that leaves the Federal Reserve's NY vault. But no nation, or collection of nations, has ever requested 4,500 tons of gold during the period of time in question. They exported gold that belongs to other nations. They sold this gold into the market to meet a multi-decade long perceived need by US policy-makers to flood the gold market with metal. That gold is gone forever. Given the current unavailability of physical gold, there is no feasible way bullion bankers, who probably facilitated the transactions, can ever replace it."
Gold's Price Collapse And 4,500 Tons Of Mysterious American Gold Exports...

China is bringing in about 45--50 tons every week. India is buying all they can. Russia is Buying tons. China says that it will no longer accumulate dollars. They only accept dollars if they can immediately convert them to gold.
Grandmaster Putin's Golden Trap | Gold Eagle
Does that mean that they will stop all exports when the gold runs out?
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