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Thread: Where's the Gold? NY Fed undergoes first-ever audit

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    Where's the Gold? NY Fed undergoes first-ever audit

    Where’s the gold?

    NY Fed undergoes first-ever audit

    A massive trove of gold kept under lock and key five stories below Manhattan at the New York Federal Reserve has been undergoing its first audit in history. It could put conspiracy theories - for example, that the gold is a sham - to sleep for good.

    According to the official record, the US government keeps billions of dollars in gold stored beneath the New York Fed's Italian Renaissance fortress around the block from Wall Street.

    But conspiracy theorists claim that the gold stock may have been stolen years back in a dramatic caper, that it's been used for backdoor deals with foreign governments, or even that it's been removed and replaced with gold-painted metal bars.

    And as many know, the stash has caught the attention of some politicians, most notably Texas Representative Ron Paul.

    For years, Paul has called for an independent audit of not only the New York Fed, but of the Federal Reserve Bank as a whole.

    But the government hasn't been eager to grant his wish.

    In 1981, when Paul served on the Gold Commission – a panel formed by Congress to look into expanding gold's role in the US financial system – he argued for full gold audits to be carried out on an annual basis.

    He has proposed legislation for an exhaustive review of all the gold kept on US soil, which includes bullion owned by various foreign governments in addition to America's.

    "If the gold is there and everything is in order, they should welcome an audit," Paul said, as quoted by The Los Angeles Times.

    Now, things seem to be moving in Paul's direction, at least at the New York Fed – which is by leaps and bounds the largest by assets, and most influential of America's 12 reserve banks.

    The US government has been quietly carrying out an audit of all the American-owned gold at the New York Fed. The process involves drilling small holes in about ten per cent, or roughly 350, of the bars to make sure they're pure.

    About a half dozen Mint, Treasury Inspector General's Office and New York Fed employees took part in the audit. It's being monitored by the Government Accountability Office, the branch of Congress that wields investigative powers.

    Other than that, Treasury officials have thus far refused to provide any details about the operation or its findings. They only say that the results will be announced towards the end of the year.

    The New York Fed has also refused to comment.

    But one anonymous Fed official, apparently speaking in the direction of conspiracy theorists, quipped recently that the audit will show that "Goldfinger didn't sneak in at night" and take off with the gold.

    Though the gold kept at Fort Knox, West Point and the US Mint in Denver, Colorado, have all been audited and tested in the past, the remaining 5 per cent – or about $21 billion – of America's gold, held at the New York Fed, has never been exhaustively checked out.

    Taking into consideration the gold owned by other nations, the New York Fed's vaults hold about 23% of the world's official gold reserves.

    And even if the audit shows that the gold's all there, it's not likely to satisfy many, including Paul.

    He claims he's not concerned with whether the gold is real or fake, but with the paperwork that would outline what it's been used for. Many suspect deals that were never made public, like loans to foreign governments.

    The US stopped backing dollars with gold in 1971, bringing an end to the Gold Standard. Today, the gold in vaults across the country carries little weight, so to speak.

    To that, Paul suggests that Washington simply get rid of it.

    "I would just as soon they sell the gold," he's said. "And then we would find out if they really had it.

    ------------------------------

    http://rt.com/usa/news/ny-fed-audit-gold-839/

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    Senior Member Germaid's Avatar
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    Indeed, the result of the audit would be interesting to know, considering the fact a great portion of German central bank gold is stored abroad, to a great extend at the Federal Reserve Bank in New York. It's suspicious that it is still there, as the official reason to deposit it far away (Cold War and greedy Soviets) became obsolete 20 years ago. It is even more suspicious that every single government has squirmed its way around a definite answer as to when it will be relocated back to Germany so far. They often said there would be logistical problems with a relocation, but this argument doesn't hold much water in my opinion. Apart from my German point of view, are the American gold reserves a matter of public interest in the USA or is this something that is only discussed behind closed doors and most people don't know very much about it?

    Merkel hands out money like clowns hand out balloons at a party.

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    Quote Originally Posted by Godwinson View Post
    [CENTER][B]Where’s the gold?
    To that, Paul suggests that Washington simply get rid of it.

    "I would just as soon they sell the gold," he's said. "And then we would find out if they really had it.

    Sell all that gold you say.....

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    Hello Gold-Believer!

    Due to the vast amount of faked gold bullion containing cores of tungsten (carbide) or depleted uranium(!) that could be especially found on the far east market it is not implausable that entire governments will gain bigger parts of the worldwide gold. The processing of uranium (and possession of it !) and tungsten carbide are very difficult technical procedures only maintainable with complex machinery/installations. Other metals are not suitable for the falsifying job because of their specific weights:

    AU (Gold) = 19,32 kg/dm³
    U (Uranium) = 19,16 kg/dm³
    W (Tungsten)= 19,3 kg/dm³

    Pure tungsten is very difficult to procure as it has a melting point of over 3400°C and thus no metal could be used as a casting die / melting pot.

    Is wondering about who could have done the fakes,

    Pless
    "Ein Volk, das keine Waffen trägt, wird Ketten tragen!"
    (A populace not carrying arms will carry chains)

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    Quote Originally Posted by Godwinson View Post
    Where’s the gold?

    But conspiracy theorists claim that the gold stock may have been stolen years back in a dramatic caper, that it's been used for backdoor deals with foreign governments, or even that it's been removed and replaced with gold-painted metal bars.

    http://rt.com/usa/news/ny-fed-audit-gold-839/[/CENTER]
    I'm really getting tired of the CIA originated Term "Conspiracy Theory" or "Conspiracy Theorist".

    Im also tired of "Media Tactic" to redirect the argument away form Objective facts and rerout the argument as a simple minded argument such as in this case.

    See, the "Gold is still there".
    Which by the way is NOT the point.
    The Point IS that Fiat Money and central banking is a pyramid scheme that WILL crash and burn at some point.

    Cant say I 100% back the Zeitgeist Movement, but their view on the central banking is just about 100% correct. But as I can see they do not have a viable solution to the Jews Play Money system.

    Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)
    https://www.youtube.com/watch?v=_dmPchuXIXQ


    Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)


    Part 2

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    "Germany's got its gold back."

    Germany repatriates $31 billion in gold from Paris and New York

    The country's central bank announced Wednesday it has completed a program to repatriate gold bars worth nearly $31 billion from storage locations in New York and Paris.

    Germany has been bringing gold home to Frankfurt from the two cities since 2013. The final 100 tons were moved from Paris earlier this year, the central bank said.

    In total, 743 tons have been transferred. The project was completed three years ahead of schedule.

    The central bank previously said it was bringing the gold home to help build public "trust and confidence."
    In recent years, rumors and conspiracy theories circulated in Germany about its foreign gold reserves. Some fringe observers questioned whether they had been lost or otherwise compromised.

    The issue eventually spilled over into mainstream politics, and the German Federal Court of Auditors asked for an inspection of foreign gold reserves in 2012.

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    Most people think as they are trained to think, and most people make a majority.

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    Bank of England refuses to hand over Venezuela's gold


    Where’s the gold?

    The jews have it. Some in banks, some in private vaults and some in Israel. Times change but not the nature of the jews.




    Venezuela

    The Bank of England (BoE) is refusing to release around $550 million in gold owned by Venezuela back to the country over the UK regulator's claim of growing uncertainty about Caracas’s intentions for the 14 tons of gold bars. British officials are insisting that measures aimed at preventing money-laundering are taken, The Times reports. The Venezuelan government is reportedly expected to provide a clarification about its plans for the gold. “There are concerns that Mr. Maduro may seize the gold, which is owned by the state, and sell it for personal gain,” the media reports citing unnamed sources.


    Reports emerged earlier this week that the Venezuelan government had been trying to reach the gold belonging to the country for two months. The talks had reportedly come to a standstill due to increased difficulties in obtaining insurance for the shipping that is necessary to move a large gold cargo.


    Last week, Venezuelan gold exports became subject of another round of US sanctions against the Latin American country. The latest penalties target both US individuals and corporations involved with gold sales in Venezuela.


    Over the past several years, Washington introduced a wide range of punitive measures against the Bolivarian Republic, hitting its finances, debt issuance and business activity of state oil company PDVSA. US authorities accuse Venezuela’s current government and its leader Nicolas Maduro of violating human rights and undermining democracy.


    Venezuela, which is currently in the throws of a severe economic crisis, has recently made attempts to eliminate reliance on US-controlled financial institutions and instruments, including the US dollar. Last month, the country committed to trading in euros, yuan and ‘other convertible currencies’ amid US penalties. Over the past three years, Venezuela has been using its gold as collateral to get billions in loans from international lenders. However, swap agreements became difficult for Venezuela in 2017 after Washington banned US financial institutions from financing operations there.


    R T, 09 Nov 2018

    Gold, if you don’t hold it you don’t own it.

    If you do hold Gold you’re a prime target to be robbed by any means possible usually a coup or war. Like Gaddafi Nothing personal, just business.


    Who Stole 143 Tons of Gold from the Libyan people?


    Those of us who have memories slightly longer than that of a spider, remember how Libyan Leader Muammar Gaddafi was violently overthrown and murdered by rampaging jihadists, in 2011. Along with Gaddafi, his entire family was either destroyed, assassinated, arrested, or sent into exile.


    Gaddafi had led Libya for many years and even decades, patching together a successful and wealthy multi-ethnic, multi-tribal, but basically Arab state driven by quasi-socialist principles. Based on the notions of an extensive social-welfare network and sharing the wealth. As he aged, Gaddafi lost his movie-star good looks – in his murder-video, it was revealed that he had lost his mop of curly hair and wore a wig – an old man’s vanity. Also, as he aged, Gaddafi had cultivated an aura of eccentricity, which caused some Western pundits to peg him as crazy/unhinged; but underneath it all, Gaddafi still possessed that same keen intelligence which took an ex-colonial backwater like Libya, and turned it into an Arab-speaking nation of wealth and repute. Libya enjoyed an excellent system of health and education. Gaddafi’s government sponsored vast engineering projects which brought irrigation and made the desert bloom. Libya was a powerful and wealthy country; and oil revenues were shared by the people.


    Towards the end of Gaddafi’s life, before Clinton Happened, Libya had managed to accumulate 140 tons of sovereign gold. The Libyan government planned to use that gold, not just to raise the living standard of Libyans themselves, but also as a development fund, to drive the economic development of sub-Saharan Africa as well. Many important development projects were lined up and just waiting to kick-off.

    The Empire Strikes Back

    Well, according to the rules of the Colonial Empire, sub-Saharan Africans are not allowed to be successful. Nor Arabs – unless they are Saudis or vassals of the Saudis. Therefore, Gaddafi had to go.


    According to the VZGLIAD piece, Clinton’s correspondence reveals that the Americans were worried about Libya’s huge reserves of gold and oil. Their chief worry was that Gaddafi — as he had sometimes promised to do — would use Libyan gold as the basis for a pan-African currency. Which would have fit beautifully into the proposed pan-African development bank whose goal was to turn sub-Saharan Africa, especially the African “Francophone” nations, into “tiger-states” of economic boom.
    These plans were seen to go against the interests of both the U.S. and also its vassal, France, which was eager to regain military/economic influence in its ex-colonies in Africa.

    Who Stole 143 Tons of Gold From the Libyan People?

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    Senior Member Uwe Jens Lornsen's Avatar
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    150 tons of Gold is * 1000 = 150'000 kg * 1000 = 150'000'000 gr / 30 = 5'000'000 oz *$1200 = $6'000'000'000 = $6000 million .

    6000 mn US-$ is for a single person much money , but for a community like a state of several million people , not very much .

    $6000 mn ÷ 4 mn = $1500 for each citizen in Libya , for example .


    I personally fear , that the gold returned to Germany will not benefit the German people , but will fall to
    the immigrants one day .

    The German Gold is approximately the 20-fold of the Libyan , and if given to the immigrants ,
    as in the Old Testament by the Egyptians to the Jews to ensure , they would leave , it would gain them approx.
    120'000 mn / 30 mn = $4000 . And for such low sum , they will never leave my nation .
    That would need to give them a new build car , and the $4000 for gasoline , so they are able to gypsie around elsewhere ..
    Last edited by Uwe Jens Lornsen; Friday, November 9th, 2018 at 08:38 PM. Reason: One zero too less
    Mk 10:18 What do you call me a good master, no-one is good .

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