About a year ago it was announced that the Germans wanted their gold back. It has been on deposit in New York for decades. Here are excerpts from the report in Forbes a year ago:
1/16/2013 @ 1:05PM |23,520 views
Germany's central bank announced Wednesday it will repatriate gold reserves held at the New York Fed and the Banque de France in order to have "the ability to exchange gold for foreign currency […] within a short space of time." Officials at the Bundesbank indicated they have no intention of selling gold, but acknowledged the move is "preemptive" in case a "currency crisis" hits the European Monetary Union. While they tried to minimize the importance of the move at the Bundesbank, repatriating gold is a clear indication of public loss of confidence on foreign central banks and the integrity of the monetary union. Over the past few years, Venezuela, Libya, and Iran have also repatriated their gold holdings . . . TO CONTINUE READING AT FORBES . . .
Now, the first curious thing was how long the Federal Reserve said it would take for Germany to get even a portion of its gold returned. The timeline was for the 700 metric tons to be returned over seven years which seemed like a pretty long time to many. And yet, by year end the amount repatriated was tiny in comparison to the target:
Submitted by Tyler Durden on 12/24/2013 12:09 -0500 at ZERO HEDGE
Procuring physical gold seems to be a rather problematic and time-consuming process, as the Bundesbank is learning.
Recall that it was almost exactly one year ago in mid-January, when the German central bank, in a shocking development expressing the bank's lack of trust in its central banking peers, announced that it would proceed with the repatriation of 700 tons of gold held by its "partners" the New York Fed and the Banque de France, by the end of 2020 . . .
Yesterday Buba head Jens Weidmann told Bild that gold valued at €1.1 billion has been repatriated so far. Putting a weight to this number: to date the Bundesbank has received shipments of a paltry 37 tons of gold from its existing storage place in either New York or Paris to Germany: "The gold reserves of the country will be stored in Frankfurt because it has a special storage with the corresponding equipment," said Carl-Ludwig Thiele, a Bundesbank board member.
The repatriated amount over the course of all of 2013 represents just over 5% of the total stated target of 700 tons, and is well below the 87.5 tons that the Bundesbank would need to repatriate each year if it were to collected the 700 tons ratably every year in the 8 year interval between 2013 and 2020.
That was the first item of curiosity that raised some serious speculation. Why would it take so long to move that much gold?
Just recently, another curious revelation sparked further speculation. It seems that the gold returned was not identical to the gold originally deposited. It seems that the very nice bars that were marked and deposited were returned after having been melted down. The question is WHY? Here is an example of commentary:
By: Chris Powell, Secretary/Treasurer, GATA
Here is a Glenn Beck commentary. Glenn mentioned this to me when I was on his set last week. Quite the story.
Consider all of this in the context of what we have been sharing. We are in a Global Economic War and understanding this story is very important to understanding what is happening at the highest levels of global finance.
The implications of this are covered in my new book, Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack. You can learn more about the book; see the reviews; and check out articles and interviews at SECRETWEAPON.ORG.