Place the following title in your browser: “Why Did Gold Collapse in Mid-April?”
This is a thoughtful well written article that could provide a pretty good guess as to where the bottom in the gold market might be by leasing out their gold which was ultimately sold. Visit the link to Le Café Americain as well that explains the corner central banks have put themselves in by their unethical actions creating a move by a number of countries determined to move away from the American dollar.
“…Germany asked the NY Federal and the Banque de France to repatriate some 674 tonnes of gold (300 tonnes with the NY Fed and 374 tonnes with the BdeF) in mid-January 2013. The gold market at the time was trading around $1,680. The market topped on January 22, 2013 and over the next 5 months gold prices collapsed roughly 30%. Venezuela took possession of its gold but the NY Fed told Germany that they would have to wait seven years for them to receive all of their gold. This raised the question as to where was Germany’s gold that it would take seven years to deliver. Germany (the Bundesbank) also holds gold with the BofE but have not asked to have it repatriated. …”
Does Germany not have the right to repatriate its gold by selling what it has on hold in the United States, France and possibly England? If it did so would it not take down the price of gold sharply, as has been happening since April? Could it not then, probably on a scheduled portion of its holdings, buy it back till all is sold in the US and England but replaced with buy-backs thus in effect repatriating it? This could certainly explain much of the downdraft in the POG as the buy-backs could be done strategically at lower prices in effect increasing the holdings replaced from the US Federal Reserve, France and England. This act should make all central banksters quite happy as the POG is driven lower.
It seems quite strange that any country placing its gold holdings in another for safe keeping would not have the right to sell. If a country asked the Fed to accept placing its gold there for safe keeping, would it not be equally strange if the Fed said “No”?
Maybe those on this message board have a better understanding of transactions within central banks and foreign gold placed there for safe keeping. No one seems to be following this line of reasoning as to the possibility or impossibility of such undertakings. Or is a Fed heist in progress?