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Background inventory strain has come from unexpected sources. The Germans have demanded that gold bullion held in US custodial accounts be returned to their owners, with physical gold shipped back to Germany. The Dubai bankers have demanded that gold bullion held in London custodial accounts be returned to their owners, with physical gold shipped back to the United Arab Emirates. They are following the hired German counsel. In all likelihood, neither US nor London sources are in possession of all the gold held in those custodial accounts, since at least some of it probably was improperly leased. By that is meant without owner permission or knowledge. So an uproar could come soon with charges of gold bullion theft, or at least failure of fiduciary responsibility. Theft is a simpler description.
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Hong Kong is pulling all its physical gold holdings from depositories in London, transferring them to a high-security depository newly built at the city's airport, in a move that won praise from local traders Thursday.
Originally posted by Grayelf2009
This is not a good sign. The other countries must be expecting a war or something that would threaten their gold deposits...why else would they move it? Good post.
Originally posted by allclear
The PTB are not stupid folks. They know not to rock the boat such that revolutions break out across the world. They WILL maintain the status quo which consists of you continuing to pay more and more to the government so that the rich and elitists of the world maintain their status.