German Central Bank Completes Repatriation Of $28 Billion In Gold Three Years Ahead Of Schedule

All the repatriated gold is probably destined to be stolen during WW3.

German Central Bank Completes Repatriation Of $28 Billion In Gold Three Years Ahead Of Schedule:

This closes out the entire gold storage plan – around three years ahead of the time we were aiming for,” reported Carl-Ludwig Thiele, Member of the Bundesbank’s Executive Board.

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Bundesbank Has Completed Gold Repatriation From New York Fed, Three Years Ahead Of Schedule

Bundesbank Has Completed Gold Repatriation From New York Fed, Three Years Ahead Of Schedule:

In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at the Banque de France in Paris and the NY Fed in New York, it had repatriated a total of 366.3 tonnes, bringing the German central bank’s gold reserves held in Frankfurt to 1,402 tonnes, or 41.5% of Germany’s total gold of 3,381 tonnes, for the first time greater than the 1.347 thousand tonnes located at the New York Fed, which as of January 27, 2016 held 39.9% of Germany’s official gold.

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Bundesbank Repatriates Gold From New York, Paris “Faster Than Planned”

Bundesbank Repatriates Gold From New York, Paris “Faster Than Planned”:

In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at the Banque de France in Paris and the NY Fed in New York, it had repatriated a total of 366.3 tonnes, bringing the German central bank’s gold reserves held in Frankfurt to 1,402 tonnes, or 41.5% of Germany’s total gold of 3,381 tonnes, for the first time greater than the 1.347 thousand tonnes located at the New York Fed, which as of January 27, 2016 held 39.9% of Germany’s official gold.

“With approximately 1,403 tonnes of gold, Frankfurt has been our largest storage location, ahead of New York, since the end of last year,” said Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank. “The transfers are proceeding smoothly. We have succeeded in once again significantly increasing the transport volume compared with 2014. This means that operations are running very much according to schedule,” added Thiele last January.

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Bundesbank Proposes Raising German Retirement Age, Sees Demographic Shock

Bundesbank Proposes Raising German Retirement Age, Sees Demographic Shock:

Earlier today, the German Bundesbank, in its monthly report had some good and some not so good news.

The good news was that, at least for now, the German economy is not being impacted by Brexit. This, however, will change as the facts suit the central bank, and especially if and when a convenient scapegoat is needed should German GDP suddenly sink.

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“Freedom Always Dies Bit by Bit”: Bundesbank Takes Sides in War on Cash

“Freedom Always Dies Bit by Bit”: Bundesbank Takes Sides in War on Cash:

There are two sides in the global war against cash. On one side are many of the world’s governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. According to them, the days of physical currency are numbered, so why not pull the plug already, beginning with the largest denomination bills such as the $100-note and particularly the €500-note?

On the other side are people who like to use cash – most of whom, according to the dominant official narrative, are either criminals or terrorists. After all, they must have something to hide; otherwise, why would they use a private, untraceable (not to mention archaic, dirty, dangerous and unhygienic) form of payment like cash?

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Germany Has Repatriated Over 366 Tonnes Of Gold From New York And Paris

Update on Bundesbank Gold Repatriation 2015:

Deutsche Bundesbank has just released a progress report on its gold bar repatriation programme for 2015 – “Frankfurt becomes Bundesbank’s largest gold storage location“.

During the calendar year to December 2015, the Bundesbank claims to
have transported 210 tonnes of gold back to Frankfurt, moving circa 110
tonnes from Paris to Frankfurt, and just under 100 tonnes from New York
to Frankfurt.

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Bundesbank Slams ECB’s “Bridge Financing” To Greece

Bundesbank Slams ECB’s “Bridge Financing” To Greece (ZeroHedge, June 24, 2015):

The Bundesbank’s Jens Weidmann unleashed a litany of cticisim on the Eurosystem (read the ECB) when he said that Greek banks should not continue to buy the short-term debt of their government, which is then repoed back to the ECB in exchange for precious cash. “The Eurosystem must not provide bridge financing to Greece even in anticipation of later disbursements,” said Weidmann, who also sits on the European Central Bank’s Governing Council, which approves such funding to Greece. “When banks without access to the markets buy debt of a sovereign which is likewise locked out of the market, taking recourse to ELA raises serious monetary financing concerns,” he said in a speech to be delivered at a conference in Frankfurt.

Bundesbank Blasts Draghi For Breaking Bailout Taboo

Bundesbank Blasts Draghi For Breaking Bailout Taboo (ZeroHedge, May 14, 2015):

“The head of Germany’s Bundesbank ripped into the European Central Bank on Thursday, saying emergency funding for Greek banks broke the taboo of financing governments and it was not up to central banks to decide who was or wasn’t in the euro zone,” Reuters reports.

Germany’s Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of Physical Gold From Paris And NY Fed

gold repatriation

Germany’s Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of Physical Gold From Paris And NY Fed (ZeroHedge, Jan 19, 2015):

Three weeks ago, when looking at the latest NY Fed data of foreign gold held at the largest central bank gold vault in the world, we showed that in the month of November not only was a near record amount of gold withdrawn from the NY Fed, which at 42 tons was the single biggest monthly outflow at the NY Fed in over a decade…

Ny Fed gold November

… but that though the end of November, all of the Netherlands’ 122 tons of gold withdrawals had been fully accounted for. This brought up an interesting question:

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Kudos To Bundesbank President Jens Weidmann For Uttering Three Truths In One Speech

Kudos To Herr Weidmann For Uttering Three Truths In One Speech (David Stockman’s Contra Corner, Oct 17, 2014):

Once in a blue moon officials commit truth in public, but the intrepid leader of Germany’s central bank has delivered a speech which let’s loose of three of them in a single go. Speaking at a conference in Riga, Latvia, Jens Weidmann put the kibosh on QE, low-flation and central bank interference in pricing of risky assets.

These days the Keynesian chorus in favor of policy activism is so boisterous that a succinct statement to the contrary rarely gets through – especially at Rupert Murdoch’s Wall Street yarn factory. But here’s what penetrated even Brian Blackstone’s filters:

“The biggest bottleneck for growth in the euro area is not monetary policy, nor is it the lack of fiscal stimulus: it is the structural barriers that impede competition, innovation and productivity,” he said.

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Mario Draghi The Dictator: ‘Working With The Germans Is Impossible’

Draghi The Dictator: “Working With The Germans Is Impossible” (ZeroHedge, Oct 12, 2014):

The war of words between Europe’s unelected monetary-policy dictator Mario Draghi and Germany’s “but it’s us that pays for all this” Bundesbank has been gaining momentum since Jens Weidmann penned his Op-Ed slamming Draghi’s OMT ‘whatever it takes’ as “too close to state financing” in 2012. A week ago, Weidmann stepped up the rhetoric by claiming ECB policy is “hostage to politics” and has lost its indepdendence – warning Draghi’s dictatorial policies were leading Europe down a “dangerous path.” But now, as pressure grows from the Spanish (record unemployment, record bad debt, record low yields), Italian (record unemployment, record debt-to-GDP, record low yields) and French (record unemployment, treaty-busting-deficits, record low yields) for Draghi to monetize more assets, he has struck back in Focus magazine, blasting Weidmann is “impossible” to work with because the Germans “say no to everything.” Dis-union…

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Germany’s failed attempts to get its gold back from the US ‘opens question of its sovereignty’

H/t reader squodgy:

“Like I said…all banksters are in it together to look after each other.

The crunch is imminent, no doubt.”

Related info:

Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed’s ‘Safe Hands’

THE BLAZE: What Really Happened To The German Gold Housed In The United States? (Video)

China Slowly Buying Up The Physical Gold Market – Germany’s Gold Is Gone (Video)

Bundesbank Moves Away From Specific Gold Repatriation Schedule

Dr. Paul Craig Roberts: U.S. Gold Gone (Video)

Dr. Paul Craig Roberts And Dave Kranzler: The Hows And Whys Of Gold Price Manipulation


gold123

Germany’s failed attempts to get its gold back from the US ‘opens question of its sovereignty’ (RT, July 7, 2014):

There is neither real criticism from German politicians, nor any visible efforts to return German gold held in the US, so it seems that US controls Germany, economic analyst Michael Mross told RT.

In one of its recent reports Bloomberg claimed that Germany decided not to repatriate its gold reserves from the US, instead the Bundesbank issued an official statement that underscores it’s “trust” in its American partners. According to Bloomberg, Germany gave up after repatriating just 5 tons of gold, though earlier it was told that it would get all the German gold back by 2020.

RT: What’s really behind Germany’s efforts to get its gold reserves back?

Michael Mross: These German efforts to get back gold reserves are not really there. They are talking about it but it is only a simple and ridiculous theatre in my opinion. I cannot see any effort to do it. What we have is lack to re-transport or take back, 300 tons before 2020, but also this is ridiculous – last year they took back only 37 tons. At the end of the day, it is to make the public calm, but it is not really an effort to take back the gold.

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Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed’s ‘Safe Hands’

Aaaand it’s gone …

THE BLAZE: What Really Happened To The German Gold Housed In The United States? (Video)

China Slowly Buying Up The Physical Gold Market – Germany’s Gold Is Gone (Video)

Bundesbank Moves Away From Specific Gold Repatriation Schedule

Dr. Paul Craig Roberts: U.S. Gold Gone (Video)

Dr. Paul Craig Roberts And Dave Kranzler: The Hows And Whys Of Gold Price Manipulation

This, by the way, is post no. 26,000!!!


Gold-gold-GOLD

–  Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed’s “Safe Hands” (ZeroHedge, June 23, 2014):

Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep “it” (by “it” we don’t mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China’s gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the “safe hands” of former Goldmanite Bill Dudley.

Via Mike Krieger’s Liberty Blitzkrieg blog,

Just last week, I published a post titled, Video of the Day – “End the Fed” Rallies are Exploding Throughout Germany, which subsequently went viral. Interestingly, only a few days later we find out that Germany’s very own criminal political class has decided it will continue to store the nation’s gold in New York rather than bring it back home as had been the intention. It’s quite ironic that just as protests against the fascist Federal Reserve are spreading throughout the land, the political class officially decides to keep Germany’s treasure across the Atlantic, in care of none other than The Fed itself.

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China And Germany Sign Yuan-Settlement Pact … And Obama Heads To Saudi Arabia

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The PBOC and Bundesbank Sign Pact to Turn Frankfurt into Yuan Hub….Meanwhile Obama Heads to Saudi Arabia (Liberty Blitzkrieg, March 28, 2014):

I haven’t paid too much attention as of late to agreements between China and other nations intended to expand the use of the yuan (renminbi) internationally, because the near-term implications always seem to be exaggerated by many market commentators. That said, this deal between the People’s Bank of China (PBOC) and Germany’s Bundesbank seems quite significant given the importance of Germany within the global economy generally and the E.U. specifically.

From Bloomberg via BusinessWeek:

Germany’s Bundesbank and the People’s Bank of China agreed to cooperate in the clearing and settling of payments in renminbi, paving the way for Frankfurt to corner a share of the offshore market.

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Bundesbank Moves Away From Specific Gold Repatriation Schedule

Next up:

Collapse of the entire financial sytem, like the Twin Towers and WTC7 (1,2,3), which collapsed in almost free fall.

$1.08 TRILLION Worth of Gold, 102 MILLION oz of SILVER Were Stolen From Under the World Trade Center

And like with the stolen gold & silver from under the twin towers the Buba gold is already gone before the greatest financial collapse in world history will take place.

See also:

Dr. Paul Craig Roberts: U.S. Gold Gone (Video)

Dr. Paul Craig Roberts And Dave Kranzler: The Hows And Whys Of Gold Price Manipulation

Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year


stacks-of-gold-bars-close

Bundesbank Moves Away From Specific Gold Repatriation Schedule (Liberty Blitzkrieg, Feb 11, 2014):

I am typically hesitant to highlight foreign articles that have been translated by others from languages I can’t comprehend. That said, Koos Jansen of In Gold We Trust, is someone who does great work and so I am running with his latest blog post on German gold repatriation, or a lack thereof.

According to Peter Boehringer, Founder German Precious Metal Society, it appears that the German Bundesbank is backing away from a specific repatriation schedule for the nation’s gold. He sources this claim from a recent article written in the Handelsblatt, titled ”Silence is Golden.” So in other words, the Federal Reserve told them to get lost.

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Bundesbank’s Stunner To Broke Eurozone Nations: First ‘Bail In’ Your Rich Citizens

20140127_buba_0

Bundesbank’s Stunner To Broke Eurozone Nations: First “Bail In” Your Rich Citizens (ZeroHedge, Jan 27, 2014):

In what is sure to be met with cries of derision across the European Union, in line with what the IMF had previously recommended (and we had previously warned as inevitable), the Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help. As Reuters reports, the Bundesbank states, “(A capital levy) corresponds to the principle of national responsibility, according to which tax payers are responsible for their government’s obligations before solidarity of other states is required.” However, they note that they will not support an implementation of a recurrent wealth tax in Germany, saying it would harm growth. We await the refutation (or Draghi’s jawbone solution to this line in the sand.)

Via Reuters,

Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.

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The FT Goes There: ‘Demand Physical Gold’ As One Day Paper Price Manipulation Will End ‘Catastrophically’

The FT Goes There: “Demand Physical Gold” As One Day Paper Price Manipulation Will End “Catastrophically”  (ZeroHedge, Jan 25, 2014):

What have we done: after a series of reports in late 2012 in which we showed, with no ambiguity, that not only might the Bundesbank’s offshore held gold be severely “diluted” (follow our 2012 exposes on German gold here, here, here, and here), but that on at least one occassion, the Fed and the Bank of England conspired against the Buba in returning subpar quality gold, the Bundesbank shocked everyone in early January 2013 when it announced it would repatriate 300 tons of gold helt in New York and all of its 374 tons of gold held in Paris. But convincing the Bundebsbank to demand delivery was peanuts compared to changing the tune of the Financial Times – that bastion of fiat “money”, and where the word gold is mocked and ridiculed, and those who see the daily improprieties in the gold market as nothing but “conspiracy theorists” – to say the magic words: “Learn from Buba and demand delivery for true price of gold”, adding that “one day the ties that bind this pixelated gold may break, with potentially catastrophic results.

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Things That Make You Go Hmmm … Like Gold Bullion, Gordon Brown, & A Growling Bundesbank

Things That Make You Go Hmmm… Like Gold Bullion, Gordon Brown, & A Growling Bundesbank (ZeroHedge, Jan 21, 2014):

2013 was an absolutely seismic year for gold, but, as Grant Williams details in his latest letter, the way in which the tectonic plates shifted has yet to be fully understood. Simply put, the gold in every central bank’s possession around the world is the property of the citizens of that country – not of the incumbent politicians or central bankers. Consequently, if the people want it audited, there shouldn’t be any reason to say no … unless… Williams firmly believes that in the years to come, when we look back at the great game being played in gold, we will pinpoint January 16, 2013, as the day when it all began to unravel – the day the Bundesbank blinked and demanded its gold…

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Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year

See also:

‘Monkey Business’ Surrounding The Repatriation Of Germany’s Gold Stored At The NY Federal Reserve Bank


gold-bars

Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year (ZeroHedge, Jan 19, 2014):

On December 24, we posted an update on Germany’s gold repatriation process: a year after the Bundesbank announced its stunning decision, driven by Zero Hedge revelations, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. This amount represents just 5% of the stated target, and was well below the 84 tons that the Bundesbank would need to transport each year to collect the 674 tons ratably over the 8 year interval between 2013 and 2020. The release of these numbers promptly angered Germans, and led to the rise of numerous allegations that the reason why the transfer is taking so long is that the gold simply is not in the possession of the offshore custodians, having been leased, or worse, sold without any formal or informal announcement. However, what will certainly not help mute “conspiracy theorists” is today’s update from today’s edition of Die Welt, in which we learn that only a tiny 5 tons of gold were sent from the NY Fed. The rest came from Paris.

As Welt states, “Konnten die Amerikaner nicht mehr liefern, weil sie die bei der Federal Reserve of New York eingelagerten gut 1500 Tonnen längst verscherbelt haben?” Or, in English, did the US sell Germany’s gold? Maybe. The official explanation was as follows: “The Bundesbank explained [the low amount of US gold] by saying that the transports from Paris are simpler and therefore were able to start quickly.” Additionally, the Bundesbank had the “support” of the BIS “which has organized more gold shifts already for other central banks and has appropriate experience – only after months of preparation and safety could transports start with truck and plane.” That would be the same BIS that in 2011 lent out a record 632 tons of gold…

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