The Federal Reserve has still not managed to deliver even the first-year delivery it promised after Germany declared plans to repatriate its gold from Fort Knox. More and more people are wondering why the U.S. won’t come up with the bullion. Is it because they no longer have the gold?
Now we hear that the 37 tons returned to Germany was melted down and re-cast before being delivered…
A year ago the Bundesbank announced that it intended to repatriate 700 tons of Germany’s gold from Paris and New York. Although a couple of jumbo jets could have managed the transatlantic removal, it made security sense to ship the load in smaller consignments. Just how small, and over how long, has only just become apparent.
Last month Jens Weidmann, Bundesbank president, admitted that just 37 tons had arrived in Frankfurt. The original timescale, to complete the transfer by 2020, was leisurely enough, but at this rate it would take 20 years for a simple operation. Well, perhaps not so simple. While he awaits delivery, Herr Weidmann is welcome to come and look through the bars in the Federal Reserve’s vaults, but the question is: whose bars are they?
Source: Zero Hedge
I really don’t believe we should give it back
And why is that, Willy……?
Sitting at the Vatican
Wonder where it is !! Its been told it was sent to China !!!
Then we wonder why other nations don’t trust us anymore
The banks are doing the same thing !!!!
Bull$#%&!@*
The only gold in the Fed. vaults are in the guards’ teeth.
and 2x BS
The bastards in congress have NEVER allowed an audit of the supposed gold reserves held at Fort Knox. Most likely because the gold was secretly sold off prior to Nixon taking the once mighty dollar off of the gold standard. If we were somehow forced to prove the dollar was actually backed by gold, we could not do it. That is one reason why we now have a fiat currency backed by…NOTHING! The sham is nearing its end. The United States is bankrupt. We are supposedly $17 trillion in debt or about $50,000/person. That does not count the $127 trillion in unfunded liabilities or about $1.1 million/ taxpayer. Now the once mighty dollar isn’t worth the paper it’s printed on. Our coinage used to be real money, ie: gold and silver but 50 years ago the government decided to make coins out of junk metal with no real value. Yes, once great America has fallen and every bit of it is due to corrupt government and a congress who’s only interest lies in maintaining power at all costs.