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The repatriated amount over the course of all of 2013 represents just over 5% of the total stated target of 700 tons, and is well below the 87.5 tons that the Bundesbank would need to repatriate each year if it were to collected the 700 tons ratably ever year in the 8 year interval between 2013 and 2020.
However, buyers out of China (and of course India) are hoarding as much physical gold as they can get. Could it be that the Bundesbank is unable to repatriate more just because China is already buying up every marginal tons of physical gold in the market, and is making physical gold purchases by the Fed next to impossible?
JP Morgan is procuring gold on behalf of China. That’s according to a TFMetalsReport article on this topic on Wednesday.
How can the feds give back gold that it does not have. They probably traded it to someone to pay off a debt, probably a big time defense contractor. As far as China having gold, maybe they do. I read that there was some coated bars sold to China, it originated in the USA from what I read. I wonder what happened to the real gold, the coated stuff is probably all we have. Who has the real gold anyway?
Tons of gold has been transported to annunaki spaceships which are parked out of sight somewhere in our solarsystem.