Author: dragon8

600 tonnes of gold exported from Switzerland to Asia [Copy link] 中文

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Post time 2014-11-25 02:47:20 |Display all floors
Gold from Ukraine to The Federal Reserve Bank, New York, USA

23 November 2014.

On 07 March 2014, an unmarked transport plane was on the runway at Borispol Airport east of Kiev.

Four trucks without license plates and two Volkswagen minibuses arrived, people in black uniforms, masks, and body armor stepped out, some armed with machine guns.

They loaded the plane with more than 40 heavy boxes.

Later it was confirmed, that acting Prime Minister Arseny Yatsenyuk had agreed, to transfer all 33 tons of the nations gold reserves, worth 1.8 billion US$, into custody of the Federal Reserve Bank of New York.

This is a striking analogy to both Iraq and Libya, which had their gold reserves confiscated by the USA after the USA/NATO conquests.

Most of the gold in Ford Knox (4,578 metric tons), and Manhattan (7,000 metric tons), is probably gone, used to finance US military efforts.

Analysts avoid the term “stolen” and use instead the phrase, that the “gold has been overcommitted.”

In an effort to meet their rising debt obligations, central banks around the globe have been printing money at a frantic pace.

Distrust between central banks, and lack of faith in fiat currencies, is growing and many central banks try to bring their gold back home.

Equador wants its reserves back, there are initiatives in Switzerland and Netherlands to repatriate gold.

Germany wanted some of its gold back, but allegedly logistical requirements prevented the NY Fed from returning Germanys 300 tons of gold.

After a year of waiting, the NY Fed only sent 5 tons, and it weren’t even the original bullions.

The Bundesbank admitted that the gold sent back had to be melted down and tested for purity because it weren’t the original bars.

Venezuela was luckier, it got its gold reserves back, though it took the NY Fed nearly five month to scrape the 160 tons of gold (valued at around 9 billion US$) together and deliver it to Venezuela.

Back to Ukraine.

The price of gold in Ukraine reached its absolute historical maximum — a gram of gold is sold at 665 hryvnia.

Since the beginning of the year the price of gold almost doubled.

Valeriya Gontareva, governor of the National Bank of Ukraine, acknowledged:

“There is practically no gold in the depositories of the National Bank of Ukraine. There is a small amount of gold bullions, but they comprise practically one percent of the gold and forex reserves.”


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Post time 2014-11-29 00:01:56 |Display all floors
Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

28 November 2014.

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults.

The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.

The Dutch central bank – De Nederlandsche Bank – was one of the latest to make the move. The bank announced last Friday that it moved a fifth of its total 612.5-metric-ton gold reserve from New York to Amsterdam earlier in November.

It was done in an effort to redistribute the gold stock in “a more balanced way,” and to boost public confidence, the bank explained.

“With this adjustment the Dutch Central Bank joins other banks that are keeping a larger share of their gold supply in their own country,” the bank said in a statement. “In addition to a more balanced division of the gold reserves...this may also contribute to a positive confidence effect with the public.”

Dutch gold reserves are now divided as follows: 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.

Meanwhile, Switzerland has organized the ‘Save Our Swiss Gold’ referendum, which is taking place on November 30. If passed, it would force the Swiss National Bank to convert a fifth of its assets into gold and repatriate all of its reserves from vaults in the UK and Canada.

“The Swiss initiative is merely part of an increasing global scramble towards gold and away from the endless printing of money. Huge movements of gold are going on right now,” Koos Jansen, an Amsterdam-based gold analyst for the Singaporean precious metal dealer BullionStar, told the Guardian.

France has also recently joined in on the trend, with the leader of the far-right National Front party Marine Le Pen calling on the central bank to repatriate the country’s gold reserves.

In an open letter to the governor of the Banque de France, Christian Noyer, Le Pen also demanded an audit of 2,435 tons of physical gold inventory.

Germany tried and failed to adopt a similar path in early 2013 by announcing a plan to repatriate some of its gold reserves back from the US and France.

The efforts fizzled out this summer, when it was announced that Germany decided to leave $635 billion worth of gold in US vaults.

Germany only keeps about a third of its gold at home. Forty-five percent is held in New York, 13 percent in London, 11 percent in Paris, and only 31 percent in the Bundesbank in Frankfurt.


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Post time 2014-12-17 10:12:28 |Display all floors
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Post time 2014-12-17 10:12:44 |Display all floors
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