BREAKING: Germany Ready to Repatriate Gold From NY and France

[seapilot]

Everyone is distracted by the EO on gun control and the 2nd Amendment. Do not pay attention while the biggest financial news in 40 years is starting to happen. Once it has happened most people will be WTF???

What will be even bigger news is if NY does not have all the gold or they get it back and find its faked tungsten. Gold at 10,000 an oz no longer seems like a wild fantasy. The gold bubble will be when people are lining up at jewelry shops to buy a 10K ring for a grand, not to wear but to protect their wealth.

[Original_Intent]

I think there would be more response if we all hadn't seen dozens of "this is the beginning of the end" threads/articles. It certainly sounds like this will be big. Part of me simply wonders how they will paper over this mess and kick this can farther down the road.

[dinosaur]

It honestly amazes me the lack of responses on this thread... this should be front page and 10 pages deep.

It's really disheartening when I see that almost no one here seems to care or read about monterary policy or Austrian economics. I expected to come here and see this thing booming... 17 posts? Really?!?!!

The potential of this is bigger than anything that's happened since the 2008 collapse. This is truly a watershed moment...

The German Central Bank is essientially telling the US and France... "We Don't Trust You"

This... on top of a fiat foundation based ENTIRELY on TRUST!

When Chavez demanded his gold the price went from 1500 to it's all-time nominal high of 1900...

We're talking Germany now... not Venezuela... the implications to both gold and silver could be magnificent.

And if you buy into the metal's theories on the US suppression of the price and the havoc that would befall the 1.4 quadrillion dollar derivatives market if silver and gold boomed we're talking a potentially EARTH SHATTERING event that may be happening right now.

And of course... not one peep, NOT ONE, from our corporately owned media.

I read The Creature from Jeckyll Island when I was a kid and that's about the extent of my knowledge really. Maybe too many are like me and just really haven't studied the issue enough to comment. Other subjects just took precedence, and one can not be an expert in everything. I love to read the posts here from people who are more knowledgable in this area. Thank you for yours.

[brushfire]

The fed probably just printed a bunch of hush money...

[cubical]

It honestly amazes me the lack of responses on this thread... this should be front page and 10 pages deep.

It's really disheartening when I see that almost no one here seems to care or read about monterary policy or Austrian economics. I expected to come here and see this thing booming... 17 posts? Really?!?!!

The potential of this is bigger than anything that's happened since the 2008 collapse. This is truly a watershed moment...

The German Central Bank is essientially telling the US and France... "We Don't Trust You"

This... on top of a fiat foundation based ENTIRELY on TRUST!

When Chavez demanded his gold the price went from 1500 to it's all-time nominal high of 1900...

We're talking Germany now... not Venezuela... the implications to both gold and silver could be magnificent.

And if you buy into the metal's theories on the US suppression of the price and the havoc that would befall the 1.4 quadrillion dollar derivatives market if silver and gold boomed we're talking a potentially EARTH SHATTERING event that may be happening right now.

And of course... not one peep, NOT ONE, from our corporately owned media.

It could be the start of something big, but I have seen too many "could be's" in my time as a goldbug to really get excited. Once paper detaches from physical it will be the beginning and the end. Then we will see the true value of gold.

[Carson]

It honestly amazes me the lack of responses on this thread... this should be front page and 10 pages deep.

It's really disheartening when I see that almost no one here seems to care or read about monterary policy or Austrian economics. I expected to come here and see this thing booming... 17 posts? Really?!?!!

The potential of this is bigger than anything that's happened since the 2008 collapse. This is truly a watershed moment...

The German Central Bank is essientially telling the US and France... "We Don't Trust You"

This... on top of a fiat foundation based ENTIRELY on TRUST!

When Chavez demanded his gold the price went from 1500 to it's all-time nominal high of 1900...

We're talking Germany now... not Venezuela... the implications to both gold and silver could be magnificent.

And if you buy into the metal's theories on the US suppression of the price and the havoc that would befall the 1.4 quadrillion dollar derivatives market if silver and gold boomed we're talking a potentially EARTH SHATTERING event that may be happening right now.

And of course... not one peep, NOT ONE, from our corporately owned media.

It does seem like really big news but didn't we have a thread about this a month or two ago? It seems like a locomotive barreling into a painted tunnel in a cartoon or something. Actually it may turn out more like a locomotive barreling into another locomotive by the screeching that should be emanating shortly.

And Acala's post sort of said it all. Maybe everyone is out getting their popcorn ready.

Hahahaha! The game of musical chairs is beginning. I wonder what the butt-to-chair ratio will turn out to be? And when will the first public failure to produce the goods occur?

If you want quantity there are a few comments on the topic on Fark.com here;

http://www.fark.com/comments/7536270...-precious-GOLD

[DFF]

The fed probably just printed a bunch of hush money...

Germany has access to it's own "hush money" in the form of the ECB...what they want though, what the German people want, is the real shit...not monopoly money, where some dictator can wake up one day, and decide to devalue the national currency by 50% ala Venezuela, and Belarus, cuz' they've run up an international phone bill that can't be paid...

[Zippyjuan]

When Chavez demanded his gold the price went from 1500 to it's all-time nominal high of 1900...

We're talking Germany now... not Venezuela... the implications to both gold and silver could be magnificent.

Not exactly. Chavez announced his desire to repatriate Venezuela's gold in August 2011 and the first shipment was in November. http://www.bbc.co.uk/news/world-latin-america-15900885 The announcement was made on August 17th http://www.businessweek.com/news/201...-industry.html when gold was $1781 an ounce (not $1500). http://www.24hgold.com/english/contr...old+Forecaster and by the time the first shipment arrived in November 2011 it was down to $1685 an ounce- on its way to $1600. http://silver-and-gold-prices.goldpr...this-week.html Seems his decision had little effect on the gold market (and this one will too).

http://www.kitco.com/charts/livegold.html

It is true that gold did hit $1900 August 23rd - one week after Chavez said he wanted all of his gold home- but the trend of gold pricing did not change at all with either the Chavez announcement or the delivery of the physical gold to Venezuela. http://money.cnn.com/2011/08/22/mark...ices/index.htm It changed WHERE gold was but it did not change the amount of gold in the world or the amount on the market for sale. The difference between the price on the day of the announcement and the peak price of gold was less than seven percent.

[NoOneButPaul]

In other metals news....


THE MINT HAS RUN OUT OF SILVER! SUSPENDS 2013 ASE SALES UNTIL 1-28!!!!

They closed up shop 3 weeks before 2012 ended, and couldn't make it 9 business days into their 2013 without shutting down.

The 6 million Eagles sold were 1/5 of 2012 sales and the projected 12million in sales would have been more than any YEARLY sales prior to 2008!

This in the face of sideways paper trading in silver and a post QE4 smackdown!

Can you say ESF and Working Group on Financial Markets!!!!

STACK STACK STACK STACK!!!!!

[Seraphim]

This is a very large scale econo/poltico move by Germany.

But keep in mind that Germany is placing most of it's "vigor" into ensuring that it's gold is ENTIRELY removed from French vaults and done so expediently.

Germany is slowly managing gold reserve removal from the USA.

France? ALL OF IT NOW SAYS GERMANY.

The Euro is going to fracture in a very polarized way.

I could find the thread with a quick search, but not long ago I stated that of all the black swan possibility, I viewed FRANCE as the most likely to sneak up and bite markets, governments, people, in the ass.

Their bank balance sheets are a frigging zoo. I struggle to come up with a more appropriate description.

Where prior, and for other countries (still), France could then lever it's economy on the back of it's government (tax base).

The government in France is rendering itself, and quickly, insolvent. France is the most bankrupt of the G8 nations. The others are insolvent and printing money to keep the system liquid, but France is the hemorrhage of the G8.

I for one, as a Canadian, want no part in shovelling Frances war shit.

I'm sure many around here feel the same way.


Germany is demanding 13% of it's total gold holding right now and that 13% is 100% of Frances German gold holdings.

Germany is telling the US that it is on STRONG notice (financially) and telling France that they are well past the patient notice stage and saying 'ALL OF IT NOW'.

Gold is set to spike radically and silver is primed for an epic upward price swing.


By mid 2014 (18 months, not long) - the POS and POG will be much higher.

18 months from now (June 30th, 2014);

POS: 300$+
POG: 6000$+

G:S Ratio 1 to 20.

That will not be the end of the gold bull market. Silver will close that ratio further from there. They likely compress in secular bull fasion for another 10 years.

I am a STRONG handed gold bull. I am securlarly bullish on silver in relation to gold.

In laymans, that is EXTREMELY bullish on silver.