Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults
The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to bring home all its gold, but the FED has said that isn’t possible to do, and it would need until 2020 to be able to accomplish the transfer. The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else. Germany did finally send some staff to the FED, and they were permitted only into the vault’s anteroom where they were shown 5 or 6 gold bars as representative of their holdings, and were permitted nothing else.
Christof Lehmann: Mystery about Germany´s Gold in the US Solved ■ Nobody wants to admit it openly. The German Gold Reserves in the United States are gone, used for financing the United States war chest and bet for “Global Full Spectrum Dominance”. So why is even the German Federal Bank trying to avoid further speculation by referring to a non-existent “full transparency” ? The answer is quite simple. Nobody wants the current backwardation of the gold market to turn into a permanent backwardation of the gold market. The consequence would be the inevitable collapse of global trade and civilization as we know it.