Author Topic: Germany will repatriate 674 ton of gold  (Read 9174 times)

0 Members and 1 Guest are viewing this topic.

Offline SANDAC

  • Supporter
  • Global Moderator
  • Trade Count: (+8)
  • Hero Member
  • *****
  • Posts: 2264
  • Karma: 118
Germany will repatriate 674 ton of gold
« on: January 16, 2013, 09:34:09 AM »
First it is Hugo Chavez's Venezuela, now it is Germany.

http://www.bundesbank.de/Redaktion/EN/Pressemitteilungen/BBK/2013/2013_01_16_storage_plan_gold_reserve.html

Pulling all German gold out of Paris?  Hmmm, it seems to me German is losing confidence in the Euro.

Offline SANDAC

  • Supporter
  • Global Moderator
  • Trade Count: (+8)
  • Hero Member
  • *****
  • Posts: 2264
  • Karma: 118
Re: Germany will repatriate 674 ton of gold
« Reply #1 on: January 16, 2013, 09:40:35 AM »
On a related note, we probably should do an audit on our 8100 tons of gold as well.  Last time we did it was in 1953:

https://petitions.whitehouse.gov/petition/perform-assayed-public-audit-all-treasurys-claimed-8100-tons-gold-and-net-swaps-loans-sales/rGyFTLwD

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #2 on: January 18, 2013, 11:22:04 AM »
Very short article on German gold & low PM supplies/high demand.  Bullion shortages are starting and premiums are going up slow but sure.   Other articles say US silver eagles are $7+ over spot due to demand.  (Not sure of that in my area.)   When will it effect MCC prices?...............



http://www.silverseek.com/article/sold-out-silver-8951

Offline SANDAC

  • Supporter
  • Global Moderator
  • Trade Count: (+8)
  • Hero Member
  • *****
  • Posts: 2264
  • Karma: 118
Re: Germany will repatriate 674 ton of gold
« Reply #3 on: January 18, 2013, 12:35:34 PM »
Silver sale data from the US Mint.


Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #4 on: January 22, 2013, 09:33:36 PM »
Here is a link worth reading.  Some say the shortage will happen at years end and others say very soon.  We will find out.  Junk silver is rising in demand in the US...........


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/19_As_Silver_Shortage_Intensifies%2c_More_Retail_Products_Disappear.html

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #5 on: January 22, 2013, 10:15:09 PM »
Important article for those that do not get it yet......derivatives are a bland neutral instument used to boost the money supply.  We create them out of thin air.  Each dollar of derivative that comes due must be paid w/ one US dollar..........



http://dollarcollapse.com/interest-rates-2/are-higher-interest-rates-the-end-of-the-world/

Offline SANDAC

  • Supporter
  • Global Moderator
  • Trade Count: (+8)
  • Hero Member
  • *****
  • Posts: 2264
  • Karma: 118
Re: Germany will repatriate 674 ton of gold
« Reply #6 on: January 22, 2013, 10:40:24 PM »
More information concerning the Silver Eagle shortage in the US Mint.

http://mintnewsblog.com/2013/01/the-return-of-silver-eagle-rationing/

Two interesting points:
  1.  Mint sold 6 million Silver Eagles in just 10 days and ran out at that point.
  2.  The law governing mint production was changed in 2010, so the Secretary of Treasury can now decide how many Eagles the Mint is required to produce.

Online Hippanda

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 865
  • Karma: 76
Re: Germany will repatriate 673 tons of tungsten
« Reply #7 on: January 22, 2013, 11:01:59 PM »
Yeah, good luck with that.   N34

And they have been told they need to accept it on time terms, meaning it'll be years until they get their hands on something, if anything.

They may or may not get anything, and even then what they finally get might not be what they say it is.

It's clearly all posturing.  It's in nobody's interest to start another global financial crisis of no confidence by admitting the Emperor has no clothes.
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline Panda Halves

  • Supporter
  • Global Moderator
  • Trade Count: (+9)
  • Hero Member
  • *****
  • Posts: 1273
  • Karma: 45
Re: Germany will repatriate 674 ton of gold
« Reply #8 on: January 22, 2013, 11:05:07 PM »
Sly topic change +1 LOL.

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #9 on: January 24, 2013, 06:08:39 PM »
Could not post the article on silver shortage w/ the Canadian mint,  Now silver mapleafs are in short supply like silver eagles.  Only one mint in Mexico has supply of 2013 silver coins.   This article link includes China and gold, of course............


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html



Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #10 on: January 25, 2013, 08:13:24 AM »
Here is the article on Canadian Mapleleafs.  Hopefully you can read the link....bullion supply is headed down at a fast pace now..........



http://www.goldstockbull.com/articles/royal-canadian-mint-hits-supply-shortage-moves-dealers-to-allocation-status/



Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #11 on: January 25, 2013, 08:47:27 AM »
I don't mean to post too much but some of the news really does show where we are headed.   This one is about the Yuan becoming international currency.  All of these posts will affect our MCC at some point soon.  I view the MCC market to head up in value unless we have war w/ Iran.  That is about the only sitution I can see MCC prices going down.  ................



http://uk.reuters.com/article/2013/01/24/uk-britain-yuan-idUKBRE90N11520130124

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32

Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #13 on: January 26, 2013, 11:25:49 AM »
Its only going to take seven years for the US Fed to get Germanys Gold back.  Also...

Switzerland Wants Its Gold Back From The New York Fed

Earlier today, we reported that Germans are increasingly concerned that their gold, at over 3,400 tons a majority of which is likely stored in the vault 80 feet below street level of 33 Liberty (recently purchased by the Fed with freshly printed money at far higher than prevailing commercial real estate rates for the Downtown NY area), may be in jeopardy,and will likely soon formally inquire just how much of said gold is really held by the Fed. As it turns out, Germany is not alone: as part of the "Rettet Unser Schweizer Gold", or the “Gold Initiative”: A Swiss Initiative to Secure the Swiss National Bank’s Gold Reserves initiative, launched recently by four members of the Swiss parliament, the Swiss people should have a right to vote on 3 simple things: i) keeping the Swiss gold physically in Switzerland; ii) forbidding the SNB from selling any more of its gold reserves, and iii) the SNB has to hold at least 20% of its assets in gold. Needless the say the implications of this vote actually succeeding are comparable to the Greeks holding a referendum on whether or not to be in the Eurozone. And everyone saw how quickly G-Pap was "eliminated" within hours of making that particular threat. Yet it begs the question: how many more international grassroots outcries for if not repatriation, then at least an audit of foreign gold held by the New York Fed have to take place, before Goldman's (and New York Fed's) Bill Dudley relents? And why are the international central banks not disclosing what their people demand, if only to confirm that the gold is present and accounted for, even if it is at the Federal Reserve?

http://www.zerohedge.com/news/switzerland-wants-its-gold-back-new-york-fed

Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #14 on: January 26, 2013, 11:28:55 AM »
More information concerning the Silver Eagle shortage in the US Mint.

http://mintnewsblog.com/2013/01/the-return-of-silver-eagle-rationing/

Two interesting points:
  1.  Mint sold 6 million Silver Eagles in just 10 days and ran out at that point.
  2.  The law governing mint production was changed in 2010, so the Secretary of Treasury can now decide how many Eagles the Mint is required to produce.

Royal Canadian Mint 'Managing' Silver Supply

By Daniela Cambone
Of Kitco News

(Kitco News) - Following the news last week that the U.S. Mint  had run out of its initial production of 2013 Silver Eagles, reports were circulating on industry blogs that the Royal Canadian Mint was next-in-line, and suffering a silver shortage.

Confirming this strain on physical silver supplies, just this morning the RCM went on allocation, limiting the quantity of sales of the popular Silver Maple Leaf coin.

“Due to very high demand for Silver Maple Leaf bullion coins, the Royal Canadian Mint is carefully managing supply to ensure all our bullion distributors are served and we continue to take orders,”  Alex Reeves, senior manager, communications for the Royal Canadian Mint, told Kitco News this morning.

http://www.forbes.com/sites/kitconews/2013/01/25/royal-canadian-mint-managing-silver-supply/

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #15 on: January 26, 2013, 06:35:20 PM »
The Kitco Nadar guy is the only one saying we have a overhang of 207 million oz of silver in the market.  Crimex, oops, Comex sells over 1 million oz of silver daily.   My opinion is that the physical silver market will have major problems soon as physical silver is not there.  Even the paper silver and paper gold market has declining sales.  Only question is when?  The master market manipulators will continue and I hope they can con the system for a few more months.  At some point this year it will unwind and prices will climb.............

Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #16 on: January 26, 2013, 06:48:43 PM »
The Kitco Nadar guy is the only one saying we have a overhang of 207 million oz of silver in the market.  Crimex, oops, Comex sells over 1 million oz of silver daily.   My opinion is that the physical silver market will have major problems soon as physical silver is not there.  Even the paper silver and paper gold market has declining sales.  Only question is when?  The master market manipulators will continue and I hope they can con the system for a few more months.  At some point this year it will unwind and prices will climb.............

Nadar guy has been wrong for numerous years.  Sometimes I feel he's only there for insurance purposes. 

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #17 on: January 30, 2013, 09:58:18 AM »
This fellow says for every oz of real bullion there are 100 to 150 oz of paper bullion.   It unwinding slowly now but picking up speed.  100 oz to 150 oz of paper bullion?   You do the math..........



http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/29_Exclusive__Coming_Short_Squeeze_In_Gold_To_Shock_The_World.html

Offline pandamania

  • Trade Count: (0)
  • Full Member
  • ***
  • Posts: 243
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #18 on: January 30, 2013, 10:48:18 AM »
This is interesting insight on the reasons for Germany`s repatriation by Professor Fekete, a widely followed practitioner of the Austria School of Economics, which among other things professes common sense:

http://www.gold-eagle.com/editorials_12/fekete012913.html


Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32

Offline pandamania

  • Trade Count: (0)
  • Full Member
  • ***
  • Posts: 243
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #21 on: February 08, 2013, 08:42:50 AM »
First Germany, now on the Comex:

https://www.goldbroker.com/news/physical-gold-43-tons-delivery-request-comex-february-ban-run-193.html

Who`s next?

Looks like a showdown at the O K Corral is brewing.

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #22 on: February 09, 2013, 08:56:02 AM »
Yes, a showdown at the OK corral is brewing.  Here is a link most have read about the founder of PA .  Still interesting read...........



http://www.pandaamerica.com/Magazine_MartinWeiss07112005.ASP

Offline GDG's

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 658
  • Karma: 45
Re: Germany will repatriate 674 ton of gold
« Reply #23 on: February 09, 2013, 10:09:14 AM »
The all time high from the last Gold Bull market was $850. on Sept 21, 1980 in inflation adjusted dollars it would be $2400. today. The economic conditions today should have gold and silver at even higher prices. If the average investor were to invest 2% in Gold and Silver we know what that would do to the equities market thus the manipulation to keep pm prices low.

Offline SANDAC

  • Supporter
  • Global Moderator
  • Trade Count: (+8)
  • Hero Member
  • *****
  • Posts: 2264
  • Karma: 118
Re: Germany will repatriate 674 ton of gold
« Reply #24 on: February 09, 2013, 10:41:08 AM »
Meanwhile the biggest holder of US Treasury, China, is buying gold.  Updated (black bars) chart from this discussion:
http://china-mint.info/forum/index.php?topic=6813.msg41987#msg41987


Offline SANDAC

  • Supporter
  • Global Moderator
  • Trade Count: (+8)
  • Hero Member
  • *****
  • Posts: 2264
  • Karma: 118
Re: Germany will repatriate 674 ton of gold
« Reply #25 on: February 09, 2013, 10:54:17 AM »
Silver sale data from the US Mint.
Updated value for Jan 2013.  Feb sale looks strong!


Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #26 on: February 09, 2013, 08:15:40 PM »
Bankrun ? 43 tons delivery request for physical gold on the COMEX for February

It seems that the gold repatriation request from Germany gave ideas to many investors, countries and sovereign or investment funds. Case in point, if we analyse the delivery requests on the COMEX for the month of February, we see that they are reaching the astronomical amount of 43,26 tons of physical gold, or 1,391,000 ounces of gold to deliver.
 
Why is this information paramount ?
As explained by Harvey Organ :
Because, for comparison purposes, delivery requests for the month of December 2012, normally a record month for deliveries, amounted to only 10 tons of gold.
Secondly, because the COMEX is normally a « paper » gold market in which investors rarely request converting their contracts into physical gold. Large investors, bullion banks and investment funds looking to acquire physical gold generally do it on the LBMA in London. Thus it’s possible that the LBMA is also showing signs of scarcity, with this movement toward the COMEX to acquire physical gold.
And, thirdly, because since the ‘70s, it’s the first time that there is such a request for physical gold delivery from the COMEX.
The run on physical gold is accelerating.

https://www.goldbroker.com/news/physical-gold-43-tons-delivery-request-comex-february-ban-run-193.html

Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #27 on: February 09, 2013, 08:20:48 PM »
The Soros Position Nobody is Talking About

Just about everyone in the gold and money management communities, is aware that billionaire George Soros’ hedge fund, Soros Fund Management LLC, is heavily invested in gold and gold mining equities. Additionally, in the past few days, a flurry of new articles have been written, detailing the Soros Fund’s most recent 13-f filing. In case anyone is unfamiliar, a 13-f filing is a document which contains a fund’s investments held during a financial quarter, and when we compare a recent 13-f with a previous 13-f, we can see the buying and selling activities of a fund during a given time frame.

In the most recent 13-f filing on November 14th, the Soros fund increased its position in gold via the GLD fund from 884,400 shares, to 1.3+ million shares. That represents a sum of about $200 million. The fund increased its position in the GDX gold miners ETF from 1 million shares, to over 2.3 million, it added a 1.7 million share position in Kinross Gold, and finally, maintained a nearly 2.4 million share position in the GDXJ junior gold miners ETF.

http://bullmarketthinking.com/the-soros-position-nobody-is-talking-about/

http://www.foxbusiness.com/news/2012/11/15/soros-adds-to-gold-miner-etf-positions-raises-gld-stake/

Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #28 on: February 09, 2013, 08:33:51 PM »
Jim Rickards: Central Banks Repatriate Gold


Publicerad den 31 jan 2013
Jim Rickards discusses a potential Gold Bull Run....Author of Currency Wars by Jim Rickards. Central Banks Repatriate Gold: How Will This Affect Investors? Yahoo! Finance - Daily Ticker 1-31-2013


Sorry about being a post whore BUT this info is timely and should be vital to any and all MCC investors so plan accordingly, cheers. 

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #29 on: February 09, 2013, 09:05:16 PM »
Good posts.  Looks like the world is finally running out of bullion or it is on the horizon.  Spike up in price should be coming up.  Now is a good time to buy MCC.............

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #30 on: February 11, 2013, 08:56:39 AM »
Trader Dan keeps track of the precious metal maniupulation.  This article is about how the US buys its own debt to salvage the US dollar.   Why do we buy our own debt and create $?   To pay our massive derivative exposure that this article does not talk about.  Derivatives are the key.  Other articles say to expect a quick drop in PM prices as more shorts are piled on at the Comex..  We all know a price spike up is coming but for now the price will be maniupulated down...

......
http://traderdannorcini.blogspot.com/2013/02/federal-reserve-buyer-of-only-resort.html


.........

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #31 on: February 21, 2013, 03:35:37 PM »
Peter Schiff's latest.  Is this the final bottom?  I hope not because our US dollar is in real trouble and groceries/gas/etc will go even higher.   Maybe they can con the system another 6 months, maybe...........


http://bullmarketthinking.com/peter-schiff-once-we-hit-the-bottom-in-gold-were-headed-dramatically-higher-to-levels-few-can-even-consider/

Offline ghostrider80811

  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 678
  • Karma: 4
Re: Germany will repatriate 674 ton of gold
« Reply #32 on: February 22, 2013, 06:31:07 AM »
We all know a price spike up is coming but for now the price will be maniupulated down...

http://traderdannorcini.blogspot.com/2013/02/federal-reserve-buyer-of-only-resort.html



Nice call...but I feel until the mass psychology of Gold being real money is drilled into more people; people will continue to flock to FRN's.  True gas and energy is going up and I hope people realize soon before its too late.  I crack up scanning news articles talking about a recovery since the DOW is up near 14,000, LOL.

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #33 on: February 22, 2013, 09:02:55 AM »
Everyone says that groceries and gas are going up, and I say no.  The buying power of the US dollar is going down.   As usual the markets are a illusion to the fools and sheeple that believe them, the majority.  I call this a b---- pitch.  No offense, could not resist laymen lauguage!...........  :)   

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: Germany will repatriate 674 ton of gold
« Reply #34 on: February 22, 2013, 10:53:30 PM »
Everyone says that groceries and gas are going up, and I say no.  The buying power of the US dollar is going down.   As usual the markets are a illusion to the fools and sheeple that believe them, the majority.  I call this a b---- pitch.  No offense, could not resist laymen lauguage!...........  :)   

I couldn't agree more.... the ignorance of the crowds is astonishing and is this ignorance that is still keeping the illusion going and eventually will lead to chaos & perhaps even in a new round of World War.

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #35 on: February 23, 2013, 12:19:17 PM »
You are correct.  As paper buys less and the panic buying of metals kick in, it will not be pretty.  Asian citizens are buying and US citizens are selling.  Expect few exports to the US such as coffee, bananas, anything we buy from overseas.   Even Canada had articles 2 yrs ago stating they will not sell us oil, food, lumber etc as the US dollar buys less.  Most of the US oil supply is imported from Canada.   Saudi oil is about 11% now.  Russian/China and other BRIC countries are excluding the US dollar in transactions and that is growing............

Offline pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2140
  • Karma: 32
Re: Germany will repatriate 674 ton of gold
« Reply #36 on: February 23, 2013, 04:45:49 PM »
I do not want to scare anyone or be negative, however my former realtor in Central OR gave me this information.  When gold silver last went up in the 1980's?  Her parents owned a coin/bullion shop in California.  They went to 4 funerals of close friends in the coin/bullion business.  They were robbed and shot.  So they keep their precious metals a secret, and she would tell me but no one else.   Forgive me if this scares you, but it is word to the wise.  Just be cautious and safe.  Pack heat.  I think everyone in the coin industry is very careful these days and that has been mentioned on this forum in the past.   My point of view is that if many in my community owns metals then less chance of theft/crime.   So it is important that your community is prepared.............