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Following a 6 month stalemate in which neither side had attained any advantage, it suddenly took just a few days for the Libyan rebel forces to steamroll unopposed into Tripoli. While we are confident that the political aftermath of this outcome will be very much comparable to what is happening in Egypt right now, many wonder why it is that the Libyan situation has progressed with such speed. Perhaps the answer can be found in the 143.8 tons of gold held by the Libyan Central Bank. Granted it is nowhere near close the 366 tons of gold that Venezuela supposedly has per the WGC, most of it likel
Originally posted by Patrol
Libya will soon be the Kingdom of Libya and that is compatible with NWO.
Originally posted by Asktheanimals
That's closer to $17 Billion, a sizable chunk of loot in anyone's book.
Actually, I think Mr Tranny’s maths are correct. Libya has 144 tonnes of gold – that’s metric, so that’s 144,000 KG’s which equates to $7-8bn at current gold prices of c $50K per KG.
Edit - just to add that in the great scheme of things the gold is not much.
The shocking admission Ft Knox holds very little good delivery gold was made to Mr. Durell by the chief official of the General Accounting Office (GAO). This happened a few months after the September 1974 tour.
...In 1988, 22 years ago, I wrote a book about Fort Knox, the gold there, and the documented history of official lies, evasions and incompetence of those who were entrusted with the gold.
I say "documented history" because when writing the book, I was very careful to only include official documents and private correspondence from the US government, stretching from 1934 to 1987. Using their own responses to the questions of just how much gold is left, and what that gold's quality is, for the first time this book put all these governmental attempts to answer the questions about their own gold policies in one place. What their responses revealed was shocking to me....
The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953.... it wasn't much of an audit. To sum it up:
1. Representatives of the audited group were allowed to make the rules governing the audit. No outside private experts were allowed.
2. Those government bureaucrats involved were inexperienced in their tasks, by their own admission.
3. The entire audit of the largest gold hoard ever concentrated in history lasted only seven days.
4. Only a fraction of the gold was actually tested. Later, the officials put this fraction at just 5%.
5. Based on that fraction, the official committee reported that, in their opinion, all the holdings would have matched their records if they'd all been tested.
6. If the audit was accurate, the fact remains that almost 80% of it went overseas in the coming years. If the audit was not accurate, the amount of gold lost could have been even more.
The years after 1953 saw hundreds of millions of ounces of gold fly out of the US. It is absolutely certain that wealthy Americans, operating behind foreign institutions, were able to accumulate gold at what are clearly now bargain prices. But more important, America's enemies were able to do the same: exchanging the paper dollars for gold at $35 an ounce....
Jim Rickards lays out a plan to commandeer Germany’s and all foreign depositors of sovereign gold at the New York Fed as currency wars heat up... maxkeiser.com...
The Wall Street Journal reports Friday that gold prices are soaring to record highs as a new powerful factor has emerged as a driver of that rally — China.
According to the Journal, China is now buying huge amounts of gold ...
key data released by China’s state-run Xinhua news agency showing that China imported 209.7 metric tons of gold in the first 10 months of this year. That’s a five hundred percent increase compared to the same period in 2009... www.moneynews.com...
Jun 18, 2010 ... As the world's largest producer of the metal, China often buys gold from its own mines and doesn't report those sales publicly... www.businessinsider.com...
The People's Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation ; blogs.forbes.com...