The worst US secret

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Or one of the largest, possibly after the twin towers and the indistinct hole in the Pentagon building, in which the airliner "disappeared".

And this is US gold. Germany, long-suffering with its gold, made me recall this topic again.

Germany wants its gold back

Why did I call Germany long-suffering in the golden question? Because Germany has the second largest gold reserve in the world after the United States. On the paper. In fact, she cannot get it. Germany gold storage structure:

◾1347.4 tons, or 39.9%, - in New York

◾196.4 tons, or 5.8%, - in Paris

◾434.7 tons, or 12.9%, - in London

◾1402.5 tons, or 41.5%, - in Frankfurt

Since January 2013, Germany has returned 366 tons of gold, while in 2013 only 5 tons were returned from New York. Germany is going to demand again the return of its gold from the United States. And here's what's strange:

1. Germany in the last attempt stopped pressure on the USA, and even (through tears, obviously) declared that it was satisfied that gold was in a safe place in the USA.

2. When Germany realized that the process of returning gold was stalling, she asked for at least an audit of her gold. They received cookies, not an audit, and see clause 1

3. When Germany was given an audit, they asked at least to provide lists with the numbers of their gold bars. They received kukish instead of lists, and see item 1

The Netherlands also gave a ride, and there are rumors that it was the gold scandal that caused Queen Beatrix to abdicate the throne.

60 countries of the world keep their gold reserves in the USA, New York. How did it happen? The answer is both simple and complex. The fact is that one of the few places in the world where you can buy physical gold is the COMEX exchange in New York. Countries of the world that do not have their own gold mining bought physical gold in COMEX, but for some vague reason decided to leave physical gold physically there, in "safe custody". Feeling intriguing?

This is just one episode of the oddities of the US gold reserve. The second I can remember as a scandal, better known as "tungsten gold". When the purchased gold bars (5,400 pieces, 400 ounces each) were shipped to China, which turned out to be just tungsten ingots with gold plating. It is not known what the reason for China, when receiving gold, decided to conduct an examination of the ingots, but, obviously, the United States did not count on such an alignment. It is not known what it cost the United States, but the scandal was somehow hushed up.

However, China has conducted its own investigation. The registration numbers for this batch of bullion indicated that the counterfeit bullion was obtained from the banks of the Federal Reserve System during the Clinton administration. It was then that, by order of the Fed bankers, for some reason, somewhere from 1, 3 to 1.5 million tungsten tiles weighing exactly 400 ounces were manufactured. Amazing right?

Worse, there have been scandals in the United States itself, when individuals bought counterfeit gold in bars and coins.

But the oddities don't end there. The fact is that the Americans themselves cannot audit their own (and other people's) gold reserves. In September 2012, an inspection of the state of the gold reserves of the largest vault in New York was supposed to take place.

The check was nevertheless carried out. The audit began on September 30, 2012 and ended on the same day. The US Treasury Department audited itself without involving any outside specialist. The audit resulted in 14 pages of text, 13 of which were occupied with describing the laws and rules for conducting the audit, one last page was devoted to the audit result itself, which simply said that 99% of the gold, totaling $ 23.890 million, is in the vault under the supervision of the Fed. The weight was also indicated - 466 tons, and no more information. No bullion numbers, nothing. Mockery, not audit.

In 2012, Goldman Sachs sold gold certificates, allegedly backed by gold. The scam would be successful, well, what a fool would change the certificate for physical gold, because the certificate is the same as gold, only it will not be stolen. But after the scandals with China and Germany, the scandal was revealed.

Its essence is as simple as a field of miracles. There are many instruments for gold, including derivatives - futures, certificates, ETFs ("exchange traded funds"). They allow the same bar of gold to be sold several times to different people, and in the end, this physical bar will still be left in storage in Manhattan.

Experts have long been saying that physical gold in the world is several times (perhaps tens of times) less than securities for this physical gold. And they themselves do not want to audit the Federal Reserve and the US Treasury. Why?

And because it's scary. It is better to let the world think that it has gold, and the world financial system is at the very least, but it exists than it turns out that the United States does not have gold, and this will lead to such a financial tsunami that it would be better if Yellowstone exploded. Not enough will seem to anyone. States will collapse. Life will not get worse except in Somalia and Ukraine for obvious reasons.