Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults

Dr. Long Xinming (4M),- The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to bring home all its gold, but the FED has said that isn’t possible to do, and it would need until 2020 to be able to accomplish the transfer.

The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else.

Germany did finally send some staff to the FED, and they were permitted only into the vault’s anteroom where they were shown 5 or 6 gold bars as representative of their holdings, and were permitted nothing else.

They apparently came a second time, and the FED did open only one of 9 rooms and let the Germans look at the stack of gold, but were not permitted to either enter or touch. And they returned home.

There has been speculation for a long time, that the FED doesn’t actually have much gold, that it has either sold it off, lent it out, or used it as collateral for borrowings. Either case, there are many claims that the gold that is being stored on behalf of many nations, doesn’t actually exist.

And nobody, other than FED staff, have actually been permitted inside the vaults to see or inventory any of the gold. There is no evidence that the gold actually exists, other than the word of the FED.

Even more, the situation is the same with the supposed gold depository at Fort Knox. Nobody has seen the gold there for a very long time.

The last audit, and the last public visit, was in 1953, just after U.S. President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. So, there hasn’t been a comprehensive audit of Fort Knox in over 60 years.

In 1974 six Congressmen, one Senator and the press were allowed to enter Fort Knox to see for themselves if the gold was there or not. The tour showed that there was gold in Fort Knox but, all the same, it sparked even more controversies.

Only a small fraction of the gold reserves were made available for viewing, and one Congressman published a report saying that the gold bars held in the fort may have been less heavy than would have been expected.

During the past two years, several US politicians have claimed that there is a high chance that neither Fort Knox nor the FED have any gold, or perhaps only a very small amount, and have demanded a full and public inventory and testing, but the FED have resolutely refused.

I have no idea what to make of this. There was another incident last year when Goldman Sachs were proven to have been selling gold certificates to the public, ostensibly backed by real gold in their vaults, but the story leaked out that they in fact held no gold at all, and were doing “fractional reserve” gold banking, on the basis that few people would want to claim their gold at any one time.

Even worse, Goldman were charging customers storage fees for the gold that didn’t exist. Also, do you recall the information I circulated around the middle of last year, documenting the immense gold theft the FED pulled on much of the world during WW II?

The FED came to all countries in Asia, Latin America and Africa and told them their gold holdings might not be safe because of the war, and they should permit the FED to take all of it to the US for safekeeping. Many countries obliged, receiving FED gold certificates in exchange, but when they later tried to cash in those certificates and reclaim their gold, they were told the certificates were fake, that they contained spelling and other mistakes which the FED would never have made, and that the serial numbers were wrong. And the FED still has all that gold.

They even did that to Chiang Kai-Shek, taking all of Taiwan’s gold – that had been looted from China – and never returning it. The last I heard, Chiang’s wife was still trying to recover her gold from the FED.

Apparently a few people have been successful in presenting their certificates to the FED, with documentation that was irrefutable, but even in those cases the owners were forced to settle for only 1% or 2% of the actual value. And most other people or nations who attempt to redeem these certificates are arrested by the FBI for fraud – at the request of the FED.

Late last year, a Canadian businessman had some of these certificates and tried to use them as collateral for a loan, and the FED had him arrested, extradited to the US, and charged him with fraud. Insiders claim this is common practice to frighten every one away.

I’ve inserted here a graph that shows the increase in the FED’s gold supply during the war. It also shows the amount decreasing heavily later, so perhaps some of the gold was returned, but it appears there was a great deal that never was.

For many years after the war, the FED denied these transactions and even denied the existence of these certificates. But a crashed US military plane was found in the Philppine jungle with heavy wooden boxes full of metal containers, all with FED markings, and all containing hundreds of billions of dollars of these same certificates. That was when the entire story finally became public, but the Western media have never cared to report on it.

I have many photos of the content of that aircraft, of the boxes and the cans and the certificates, if anybody cares to see.

Some people claimed this was a CIA counterfeiting operation supported by the US government, as an attempt to just steal the gold from many poor nations.

Via The 4th Media

Dr. Long Xinming is the founder and senior editor of bearcanada.com. He is a frequent contributor to nsnbc international and our partner media The 4th Media in Beijig.

nsnbc.me...

Meh...i believe its a useless attempt....Germany your gold is gone.......

So.... What is going to be the outcome of this ?

See my avatar ahaha! We are just going to have to grow up.
2

That gold doesn't get returned there goes the US credibility.....
I see the entire world uniting to destroy the US sooner or later...the whole place is shot through with this kind of arrogance and corruption.

There's no gold left anywhere. Get real. The moment they handed it over it was gone for good.

As Always if this was turned arround the US would go at war for it most likely.

Many country's got gold stored in the US (like my country got 551 tons of gold stored there) after they agreed after wwII that the US dollar would be the world trade currency (backed up by that same gold).

Originally posted by Plugin
As Always if this was turned arround the US would go at war for it most likely.

Many country's got gold stored in the US (like my country got 551 tons of gold stored there) after they agreed after wwII that the US dollar would be the world trade currency (backed up by that same gold).

edit on 19-8-2013 by Plugin because: (no reason given)

We certainly would. But who is going to go against us? Ze Germans?

Everyone has suspected since the 70's that the US has very little gold, but the system keeps rolling on. Everyone knows it's all phony, but as long as they all keep pretending, what difference does it make?

I thought the OPPT had aliens teleport all the gold away....

As to the German gold, that is the timeline Germany wanted it returned in, not the USA's timeline.

Am sure by now it's all gone. Or is this now - tungston filled.

Gotta love the FED....

Also, it has been brought to my attention on another thread that Ben Bernanke has been awarded person of the year...some kind of award...

it's like a bad dream you know is a dream, but are unable to wake up from.

Chilling...


oh...and good luck to Germany...

What pains me the most about this...even if the Germans end up with nothing...it will be explained away in some pretty political lingo.

Like it's no big deal...gold bars are overrated anyway.

I swear I've read this before, over a year ago. Perhaps it was a different nation? Either way, the gold is gone. I firmly believe that. It's been used to try to keep a sinking ship afloat for a little while longer. Gold is a hot commodity, everyone and their grandmother wants gold. So naturally, the U.S. government "borrowed" it. (Again, I believe this despite the lack of evidence.) I can imagine it now, vaults full of little pieces of paper that has a hand drawn "I O U" on it.

And that's why I don't trust my neighbor with my valuables. Pretty stupid of various countries to trust another nation with their holdings.

reply to post by Auricom

And that's why I don't trust my neighbor with my valuables. Pretty stupid of various countries to trust another nation with their holdings.

couldn't agree more....

Originally posted by spartacus699
There's no gold left anywhere. Get real. The moment they handed it over it was gone for good.

Well, it must be somewhere on earth, unless you believe the stories about the Annunaki using it for their atmosphere, which I don't.

So someone must have it all. Rothschilds?

By the way, for great info about this kind of topic, check out "Silver Doctors". Zero Hedge is good of course as well.

For all your precious metal REAL news/info

reply to post by maddy21

Meh...i believe its a useless attempt....Germany your gold is gone.......

"Its not gone, its still there. We just can't let you see it."

Gotta love it.

The one story I heard on this (in the mainstream) has the Germans being allowed to see just one of 9 vaults of their gold. They were not allowed close inspection of the one vault either.

The thing about precious metals is that 'close inspection' or assay, is the primary determining factor, not the word of the holder. Being denied that even is surely cause for concern.

what use is Gold Anyway...we cant eat or drink it.

Originally posted by Soloprotocol
what use is Gold Anyway...we cant eat or drink it.

I would call that remark ignorant but I doubt you are that ignorant.

You can't eat furniture, clothing or cars either so...

Originally posted by Soloprotocol
what use is Gold Anyway...we cant eat or drink it.

One bar at Fort Knox weighs 27 lbs, which is anywhere from $350,000 to $500,000.

A large, one topping pizza at Pizza Hut costs (let me look quickly)...$6,55

64,885 Pizzas. Ok, let's say 64,500 Pizzas because you want something to drink also I am sure.

Of course, if that "gold" was real..which in all likelihood it isn't

JPMorgan also seems to be out of the stuff. They don't even need their vault anymore.

www.zerohedge.com...

Originally posted by Soloprotocol
what use is Gold Anyway...we cant eat or drink it.

makes trade a lot easier you know, carrying your chickens and goats in your pocket can be tedious at best.

Originally posted by stirling
That gold doesn't get returned there goes the US credibility.....
I see the entire world uniting to destroy the US sooner or later...the whole place is shot through with this kind of arrogance and corruption.

Thieves and robbers is all they are. Confidence tricksters and blatant double-crossers.

Nothing will be done because they're untouchable, and they know it.

But I do believe their deceitful acts will catch up with them one way or another, sooner or later. I'm hoping for sooner.

Originally posted by MarioOnTheFly
Gotta love the FED....

Also, it has been brought to my attention on another thread that Ben Bernanke has been awarded person of the year...some kind of award...

Well if i were part of the class of people who he is serving i am sure that i could easily agree that the fed is in fact the agency that is doing most to contribute to my wealth by directly propping up the stock markets and thus facade of an economic recovery...

it's like a bad dream you know is a dream, but are unable to wake up from.

Chilling...

Well there are few enough people who understand what the fed is doing to contribute in propping up the failing ( in terms of what it's doing to the environment and living standards) globalization of corporate capitalism but luckily people are resisting, not trying to wake up or anything so modest, everywhere despite not having anything like the good picture many here can paint.

oh...and good luck to Germany...

What pains me the most about this...even if the Germans end up with nothing...it will be explained away in some pretty political lingo.

Like it's no big deal...gold bars are overrated anyway.

Well Europe has sold most of it's independence down the river with the formation of the EU and since it clearly was not something the people wanted ( they wanted better coordination&travel& cooperation) we at least know that the rulers of the EU are no more surprised by the missing gold than is the rulers in the US. European leaders generally know their places and if the US tells them to force a plane to land , or deny it airspace, it is done as if by imperial decree. Germany's rulers will no more mind the lost gold than they will the billions of German savings they have pumped down the EU faucet. German corporations&government will do well and , as practically everywhere else, the people will pick up the tab for keeping the EU functioning and European corporations profitable.

Stellar