27 votes

Things just got REAL interesting! (Gold news)

Well, it's on like Donkey Kong!

"In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the "stability" of the entire monetary regime based on rock solid, undisputed "faith and credit" in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt, where just 31% of it is held as of this moment. And while it is one thing for a "crazy, lunatic" dictator such as Hugo Chavez to pull his gold out of the Bank of England, it is something entirely different, and far less dismissible, when the bank with the second most official gold reserves in the world proceeds to formally pull some of its gold from the bank with the most. In brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending."

Full story @ ZeroHedge: http://www.zerohedge.com/news/2013-01-14/it-begins-bundesban...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

The bad guys best get busy

The bad guys better get busy and do something! Maybe they'll try and 3D print some gold bars....

SteveMT's picture

Meanwhile platinum just overtook gold

Gold $1,672.50 $1,674.50 up $3.10
Silver $31.10 $31.20 up $0.06
Platinum $1,674.90 $1,684.90 up $26.70
Palladium $703.50 $708.50 up $4.20
Updated:1/15/2013 12:55:16 AM CST

Something is happening. People are unloading dollars to buy real assets.

I just read that China has

I just read that China has quadrupled its rice stores this year alone. Nations wanting their gold back etc. Something big is coming.

"I'm sorry sir..

we can't seem to locate your deposit, but rest assured, we will notify you when we do".

"Hell is empty, and all the devils are here" (Shakespeare)
RP 2012~ Intellectual Revolution.

Help Wanted ~ Gold Certified Crew & Transport Vessel.

Request for Bid: Seeking suitable international cargo transport of scrap metal shipping from New York. Receiving ports To-Be-Determined (e.g.: Frankfurt). Option contracts have been sold or leased. The remaining metal must be liquidated or sold as scrap. Approximate weight = 4,000 tonnes.

Inquire within: Shipping & Receiving Dock, NY Federal Reserve. Use Maiden Lane entrance.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Largest debtor in Europe has the largest unofficial gold horde?

So curious. Largest debtor in the world, the USA ... has the largest horde of unaudited gold in the world.

Largest debtor in the Europe, Germany ... has the largest horde of unaudited gold in the Europe.

Do massively in debt large nations actually loan massive amounts of 'legal tender' to massively in debt smaller nations?

Is this shuffling a massive charade?

"European Bailouts of hopelessly broke economies by other hopelessly broke economies" by Clarke and Dawes

Fortune would have it that these same broke economies can save their economies by returning each other's gold to whence it came.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Where's our Gold Ben?

Ben Bernanke: "Will you accept a magic coin instead?"

"Or this magic bean", so you can loot other economies.

!

Free includes debt-free!