http://kingworldnews.com/kingworldn...e_Will_Be_a_Run_on_Gold_Stored_in_the_US.html
If the Germans repatriate their gold, things could get very interesting.
Sinclair: Europe to repatriate their gold as global qe3 begins
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http://kingworldnews.com/kingworldn...e_Will_Be_a_Run_on_Gold_Stored_in_the_US.html
If the Germans repatriate their gold, things could get very interesting.
I'm not sure if the game is quite over yet. It still seems like it's in everyone's best interest to keep the charade going longer. If they do start pulling their gold, I could see others following suit.. I guess we just wait to see who in Europe blinks first.
Shelby-villian
Predaceous Stink Bug
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Haha, like the Fed would actually give up gold to whoever asks for it. Chance of WWIII > chance of all foreign gold going back to their respective countries.
Federal Reserve is like the MFGlobal of central banks. When the ponzi scheme collapses, the players have no chance vs. the bank.
Federal Reserve is like the MFGlobal of central banks. When the ponzi scheme collapses, the players have no chance vs. the bank.
The whole gold in the fed thing is a mystery i was told the Germans already repatriated their gold,is there any gold in fort Knox?...has it not already been leased,fleeced,and proportionally reserved into the fiat ponzi scheme?
Ron Paul wanted to find out ...it's a state secret..one thing we do know de Gaulle sent a destroyer in 1969 so la France has hers.
Ron Paul wanted to find out ...it's a state secret..one thing we do know de Gaulle sent a destroyer in 1969 so la France has hers.
DoChenRollingBearing
Yellow Jacket
My "Trail Guide" FOFOA doubts the conspiracy theories re gold (No gold at Ft. Knox! Etc.).
My GUESS is that the Germans (or whoever goes first) will get their gold from the Fed vault in NYC. Unless that gold is collateral for old WWII loans or whatever.
But, if the Europeans start taking their gold "en masse", I believe they would get it (barring any encumbered gold), but that YES, that would mean that things would indeed start getting interested...
Then we could confidently say: SJGR!
My GUESS is that the Germans (or whoever goes first) will get their gold from the Fed vault in NYC. Unless that gold is collateral for old WWII loans or whatever.
But, if the Europeans start taking their gold "en masse", I believe they would get it (barring any encumbered gold), but that YES, that would mean that things would indeed start getting interested...
Then we could confidently say: SJGR!
ancona
Praying Mantis
DoChen,
I doubt we will ever repatriate any of the European gold held in US vaults. We will do whatever we have to to keep it. My guess is that it has all been leased or sold. I wonder how much of it got "destroyed" in the WTC disaster? No, I rather think that we'll hold on to it for now.
I doubt we will ever repatriate any of the European gold held in US vaults. We will do whatever we have to to keep it. My guess is that it has all been leased or sold. I wonder how much of it got "destroyed" in the WTC disaster? No, I rather think that we'll hold on to it for now.
Is it possible to audit the worlds gold ?
who could be trusted to verify (and assay) all the gold that is claimed to be in acredited vaults
and how could they stop it moving to the smelters overnight after they had counted it ...
Its something that i ponder as i try to envisage how we could move to a 'backed' currency.
The best liars and cheats would benefit the most ..... nothing changes
who could be trusted to verify (and assay) all the gold that is claimed to be in acredited vaults
and how could they stop it moving to the smelters overnight after they had counted it ...
Its something that i ponder as i try to envisage how we could move to a 'backed' currency.
The best liars and cheats would benefit the most ..... nothing changes
ancona
Praying Mantis
Rblong,
I trust no one to audit the gold. No one exists on the planet with the exception of Dr. Paul, who would not have some loyalty or another to get in the way.
In addition, a clever and devious nation would simply plate a bunch of tungsten and call it gold, thereby providing fuel for more fiat. They are all thieving liars that must be purged.
As long as we are bent upon "spreading democracy" through conquest and warfare, we will never advance as a civilization. In addition, as long as the idea of "majority rule" is ingrained in this system, we are terminally doomed, much like Kalifornia and their recall and referendum system. All it takes to throw a wrench in any given system there is five thousand nut-jobs signing a petition. In the case of California, it is minority rule. It has become a complete and total sumsumation of the system this Republic was founded upon.
I weep for my grandchildren.
I trust no one to audit the gold. No one exists on the planet with the exception of Dr. Paul, who would not have some loyalty or another to get in the way.
In addition, a clever and devious nation would simply plate a bunch of tungsten and call it gold, thereby providing fuel for more fiat. They are all thieving liars that must be purged.
As long as we are bent upon "spreading democracy" through conquest and warfare, we will never advance as a civilization. In addition, as long as the idea of "majority rule" is ingrained in this system, we are terminally doomed, much like Kalifornia and their recall and referendum system. All it takes to throw a wrench in any given system there is five thousand nut-jobs signing a petition. In the case of California, it is minority rule. It has become a complete and total sumsumation of the system this Republic was founded upon.
I weep for my grandchildren.
DoChenRollingBearing
Yellow Jacket
@ rblong2us and ancona,
Yes, both of you are right. I cannot see that anyone would audit the world's gold. We can't even get OURS audited (except if you believe the auditors authorized by Congress -- the Bearing rolls into terrain now he knows little about).
I also agree there would be many, many problems even if we got the rest of the world to agree. Liars. Tungsten. Who owns it / lent out?
And then there would have to be a "Standardized Audit" (everyone has it done the same way), or comparing figures may be no good.
Who's got it? Where is it? WhITFG?
Yes, both of you are right. I cannot see that anyone would audit the world's gold. We can't even get OURS audited (except if you believe the auditors authorized by Congress -- the Bearing rolls into terrain now he knows little about).
I also agree there would be many, many problems even if we got the rest of the world to agree. Liars. Tungsten. Who owns it / lent out?
And then there would have to be a "Standardized Audit" (everyone has it done the same way), or comparing figures may be no good.
Who's got it? Where is it? WhITFG?
ancona
Praying Mantis
It can't back a currency for the reasons given, therefore it will have to be the new currency.
In hte case of gold, it could be as simple as putting a tiny bit in the cxenter of a base metal coin, and in the case of silver, it would merely be coins made from silver. Perhaps we could even use 10 -20 - 30 et. percent total purity so the coins could be large enough to be useable.
In hte case of gold, it could be as simple as putting a tiny bit in the cxenter of a base metal coin, and in the case of silver, it would merely be coins made from silver. Perhaps we could even use 10 -20 - 30 et. percent total purity so the coins could be large enough to be useable.
No electronic transactions ?
Wheelbarrows required for house purchases ?
Dont see this as a sloution for means of exchange ......
ancona
Praying Mantis
Or, you could simply squat in it. Since no one is giving credit to you unless you're 775+, nothing is selling. With the exception of vulture firms buying for pennies on the dollar and doing "rent to own" deals, because no one can get a loan, our area is a sales desert.
In a simple world this would be the case and people still occasionally pay in cash for large items, in spite of govs best efforts.
However world commerce has become so used to electronic transaction that it will surely be necessary to continue this.
Which takes us right back to the beginning, when bankers held their clients gold and wrote notes against it .... then wrote some more ......
mike
Ground Beetle
I read a comment somewhere (possibly here) that all the WWII axis countries signed a treaty that the US would hold their gold until the end of time. Does anyone know anything about that? I can't find anything on the interwebs to support that claim.