Central Banks may *never* repatriate their citizens gold reserves. What central bankers choose to ignore: --Germany " the Bundesbank asked to have some portion of its gold sitting - supposedly - in the NY Fed vault in NYC sent back Germany. The TOTAL amount is 1800 tonnes. After behind the scenes negotiations, the Fed agreed to ship 300 tonnes back over seven years. To this day, the time required for that shipment has never been explained." "...officials at the Bank of England told German officials that allowing them in to the vault to perform physical audits of their gold just isnât possible because there isnât enough room, or enough "suitable rooms," in which to do it. --Netherlands "Klaas Knot, President of the DNB, said 90 per cent of the Netherlands' gold reserves are kept overseas, claiming further that "the gold is fine where it is." Much of that figure is placed in vaults in New York City, without identifying names of banks or institutions." --Azerbaijan "JP Morgan, one of the bullion banks that acts as a custodian, will see 15mt of gold leave its London vaults *over an undisclosed period of time*, according to the state oil fund of Azerbaijan." --Mexico " the Mexican central bank has never inspected the gold it bought, has not performed purity tests on it and doesnât even have a list of all the gold bars stored in London." "Banxico was finally forced to reveal its position in gold. When pressed for specifics about its gold holdings they answered, "it is not possible to specify with certainty the number of bars purchased" --Poland "Poland currently owns around 109 tons of gold deposited abroad. Most of the reserves are stored in the UK" "a movement to repatriate national gold reserves from vaulting ... at the Bank of England in London has arisen in Poland." "In order to put pressure on the Polish National Bank, advocates have launched an action entitled. âGive Us Our goldâ. " --Switzerland "Switzerland is to hold a referendum that would ... repatriate gold reserves held abroad and keep them at home." "Swiss Peopleâs Partyâs efforts to gain enough signatures to force the Swiss National Bank (SNB), ... reports, they reached the required 100,000 signature mark" "it is not uncommon for the period between an initiative being accepted for referendum and a vote being held to extend to several years." But when the Central Bank was serious about repatriating their citizen's gold reserves: --Venezuela Venezuela demanded the return of its 200 tonnes held in London, NYC and Switzerland and received it all within about four months. Meanwhile: Chinese Gold Reserves Increase http://britefire.files.wordpress.com/2013/09/chinese-gold-reserves-increase.jpg Russian Gold Reserves Increase http://britefire.files.wordpress.com/2013/09/russian-gold-reserves-increase.jpg
I read some time ago that no one has been allowed to check that there is any gold in Fort Knox. People who actually worked at FK have been reported as saying there is no gold there at all. Maybe these are disgruntled ex employees or maybe not. Perhaps it would be too much of a shock if the general public found out that it had all gone. Why is nobody from the outside allowed in to look ?? Well you wouldn't let nosey newspapers in if there wasn't any there would you ? IT'S ALL HIGHLY SUSPICIOUS THEY COULD BE CALLING THIS fORT KNOX GATE OR WHO effing well STOLE IT ??
Per Eric Sprott: our national gold hoard, which is officially reported to be stable at 8,133 tons for the last 40 years. from 1991-2012 (taking into account mine supply, recycling, imports, etc.) the US exported 4,500 more tons of gold than they had taken in If this estimate is roughly correct, it would mean that 55% of the US gold holdings have been sold into the market just since 1991, leaving the US with roughly 3,700 tons of gold