NOTHING TO SEE HERE – LOOK AWAY

It’s happening in plain sight. But stay focused on the Dow, Obama’s illegal immigration moves, Ferguson, and Kim Kardashian’s ass. The oligarchs are counting on it.

Russia added another 600,000 oz to its reserves in October.

 

Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed

Tyler Durden's picture

A week ago, we penned “The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed“, in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany – Deutsche Bank – what the real reason was for Germany’s gold repatriation halt after obtaining a meager 5 tons from the NY Fed:

… the gold community paid great attention to the decision of the German Bundesbank to “bring German gold home”. At the beginning of 2013, the Bundesbank announced it would repatriate 300 tonnes of gold stored in the US by 2020. It is well behind schedule, citing logistical difficulties. Yet diplomatic difficulties are more likely to be the chief cause of the delay, especially seeing as the Bundesbank has proven its capacity to organise large-scale gold transports. In the early 2000s, the Bundesbank incrementally repatriated 930 tonnes of German gold held by the Bank of England.

Some took offense with this, pointing out, accurately, that the gold held at the NY Fed in deposit form for foreign institutions had continued to decline into 2014 despite the alleged German halt. Well, today we know the answer: it wasn’t Germany who was secretly withdrawing gold from the NYFed contrary to what it had publicly disclosed.  

It was the Netherlands.

This is the stunning statement made by the Dutch Central Bank earlier today, and which, all compliments to China’s rate cut, is truly the biggest news of the day, as it shows that one doesn’t need a referendum to repatriate their gold, nor does one run into logistic or diplomatic problems if one is truly set on procuring their physical.

As to why the DNB decided it was time to cut its gold held at the NY Fed by 122 tons? “”It is no longer wise to keep half of our gold in one part of the world,” a DNB spokesman told Telegraaf. “Maybe it was desirable during the Cold War, but not now.”

From the source:

De Nederlandsche Bank (DNB) has adjusted its gold stock location policy and has shipped gold from the United States to the Netherlands to spread its gold stock in a more balanced way.

 

Under the previous policy, 11% of the gold stock was located in the Netherlands, 51% in the United States, with the remainder held in Canada (20%) and the United Kingdom (18%). Under the new policy, the breakdown by location is as follows: 31% in Amsterdam, 31% in New York, with the relative holdings in Ottawa and London remaining unchanged at 20% and 18%, respectively. Following this adjustment, DNB is in line with other central banks holding a greater part of their gold stock in their own countries. Beyond realising a more balanced distribution of the gold stock across the different locations, this may also have a positive effect on public confidence.

 

Changing the distribution of the gold holdings across the different locations is not without precedent. From the end of the Second World War until the early 1970s, for example, DNB increased its gold reserves following the Bretton Woods Accord, mainly in New York. Since then, there have been other movements in DNB’s gold stock. The main reasons for this being the gold sales in the past few decades and the closure of the vaults of the Reserve Bank of Australia, as a result of which DNB shipped gold from Australia to the United Kingdom in 2000.

Sure enough, AP confirmed:

The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros ($5 billion) from safekeeping in New York back to its headquarters in Amsterdam.

 

In a statement Friday morning the bank said that its 612.5-ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.

 

“With this adjustment the Dutch Central Bank joins other banks that are keeping a larger share of their gold supply in their own country,” the bank said in a statement. “In addition to a more balanced division of the gold reserves...this may also contribute to a positive confidence effect with the public.”

This is how the Old and New gold allocation of the Dutch Central Bank look currently:

Note: the reallocation has already taken place, and is not – like Germany – subject to a 5 year period during which the NY Fed is expected to recoup the gold. So it can be done!?

As to when it was done, here is the NY Fed’s monthly reports of gold deposits by foreign entities: here we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 57.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a doozy.

 

Some more details from the Dutch Telegraaf, google-translated:

In the vaults at the Amsterdam Frederiksplein was until recently 11% percent of the total of 612 tons of government gold. That is screwed up to 31%.

For years there were major concerns of the gold was still there. This months of almost military organized gold shipments from Manhattan DNB wants a ‘balanced’ distribution of the national gold buffer.

 

In addition, DNB expects Dutch citizens more confident that enough of our gold is in their own ‘home’ to guide the country if necessary following major crises.

 

At that effect also highlights the German Bundesbank, which are gold also partially recovered. De Nederlandsche Bank has great silence in recent months retrieved 130 tons of gold bars.

 

Last week drove armored trucks back and forth towards the Amsterdam Frederiksplein. “It is no longer wise to keep half of our gold in one part of the world,” the DNB spokesman on the massive operation with gold bars to Amsterdam says. “Maybe that was during the Cold War still desirable, not now. ”

 

In Amsterdam is recently 31% of the gold. In the vaults of New York is 31%. It remains. De Nederlandsche Bank carries no gold bars back from the protected storage in Ottawa, Canada, where 20% of the gold remains. In London, the Netherlands keeps 18% of all Dutch ‘sandwiches’ gold as nest egg.

 

Netherlands moved his gold in the past frequently. In the period after the Second World War until the early seventies the Dutch central bank bought gold to replenish its reserves. That was mainly focused on the vaults in New York, which are built to earthquakes and bomb attacks endured. Since then bought and sold DNB gold and earned it every robustly.

Another curiosity: the gold was repatriated by ship. From Dutch News:

In total, 120 tonnes of gold valued at €4bn has been brought back to the Netherlands by ship, Nos television said. The high security reparations for the move took months.

Luckily, that particular vessel did not suffer any “boating incidents.”

And now that the Dutch have shown just how “easy” it is to repatriate one’s gold when not entangled in shifting alliances, diplomatic feuds, or suffering from “logistical problems” preventing one from collecting their gold, we wonder just how much more eager Germany or Switzerland will be to collect their own gold, or whether the Swiss November 30 referendum will decide to let countries like the Netherlands have a right of first refusal of whatever gold may still be held at the vault located 90 feet below street level at the New York Federal Reserve Bank (which as we reported a year ago, is connected by an underground tunnel to the JPMorgan precious metal which was located just across the street).

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Golden Oxen
Golden Oxen

“Today King World News interviewed a man who has been uncovering critical information for 25 years who said that in the not-too-distant future China and Russia are going to publicly announce to the world that they don’t believe the United States has the 8,100 tons of gold it claims to possess. He also spoke about German gold repatriation, the Swiss Gold Initiative, and massive unofficial gold holdings in China that are held outside of the central bank. Below Steve Quayle takes KWN readers around the world on a shocking trip down the rabbit hole of lies, propaganda, criminal international banking syndicates and murder.”

The same people who are manipulating the gold and silver markets, the same people who have destroyed the middle class in the United States, own all the mainstream media news organizations. That’s why the truth about what is happening is concealed from the public. So, again, to keep it simple — there is no gold to repatriate.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/21_China_%26_Russia_To_Accuse_U.S._Of_Not_Having_The_Gold.html

Golden Oxen
Golden Oxen

Today King World News was stunned to learn that the Swiss politician who launched the Swiss Gold Initiative was actually banned from participating in the televised debate. Luzi Stamm, who was one of the primary architects of the Swiss Gold Initiative, spoke with KWN about why he was banned from the televised debate and why “It is not possible (to continue) what’s (currently) going on in the Western world.” Below is his remarkable interview.

Eric King: “Luzi, it’s very interesting because so much energy is being spent by Western central planners, by the Swiss National Bank and Swiss politicians — the whole (mainstream) world seems to be lined up together against you. They are extremely concerned about this Swiss Gold Initiative, aren’t they?”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/20_Swiss_Gold_Initiative_Leader_Banned_From_Televised_Debate.html

TE
TE

If I were a conspiracy theorist, pessimistic, doomer, I might wonder and look into the fact that multiple governments (and our own very rich) are buying up resources and bringing much of them back within their borders with jaded eyes. I might see across border asset security as a harbinger.

Then if I looked at the fact that the governments in the East are (mainly) encouraging their serfs, ‘er citizens, to protect their own worth with physically held PMs and savings, while the Western leaning ones are doing everything in their power to encourage their serfs to take on more debt and divest themselves of net worth and assets, why I might begin to think that we are being set up.

Thank gawd I’m a Rose Colored Optimist! Oh wait…

Between our new mandated expenses, and the 24/7 encouragement (and mandate) to pollute our own health (guaranteeing future dependency both physically and financially) and spend every dime both we and our children will ever make, plus pile back into the stock market chasing the elusive (throughout history) never-ending, or faltering, returns on investment, one might think we are being set up for the best position to completely destroy us.

Nah, we are the USA! The rich guys NEED us! USA! USA!

People, as in the vast majority, are NEVER waking the freak up. NEVER. This march into centrally controlled, top down, hell, is not going to slow, nor reverse. Not until the Fourth Turning has turned and it is all shot to shit anyway.

Am I the only one that feels there is NO way we (as in USA productive middle, probably Europe too) can make it out alive?

That we are quickly reaching the point where the decades-known problems can no longer be glossed over by an out of control stock market and legions of statistician bureaucrats?

That eventually the laws of complexity and the finite nature of our planet are going to overwhelm us, and our real worries are going to be our physical asses, starvation, lack of public anything, chaos and nuclear power meltdown and/or nuclear war?

I am feeling so isolated this week. The bad news hits just keep on coming, new deaths from vaccines, cops, new proof that the innocent productive are being stripped of their lifetimes of work without crimes being committed, new proof that we are not free and haven’t been in forever, new proof that those in charge are intentionally planning not only our subjugation, but our very extinction.

More undeniable proof that I am the smallest of the small minority, and that I will NEVER, EVER, find peace of mind in the reality of the age in which I exist. Nor will I find many kindred spirits. We humans love our laziness and ignorance and beliefs. We love them so much we actively work to ignore any reality that would threaten them.

I so want to have hope. I really do. My soul longs for a hope in this world, not just in the next. At least of the next I feel more assured. And for a logical, rational, thinker, how messed up is that?

I look back over history and see that there have been small pockets of time – so very, very, few – where the average humans/masses were not being tortured and used by the very lucky few.

My hope used to exist in the belief that the rich love their children too, that America truly was the place where a lowly serf could most easily rise to the top levels of wealth, that humans WANTED to improve themselves, their families, the world and treat their fellow man with dignity and respect.

So very naive.

Yep, nothing to see, look away. The fact that our children will be raised by loveless bureaucrats, educated to be good prisoners, fed poison and shot with toxins, then provided “health” care to fix the “unintended side effects,” while owning nothing – notably their own souls – is meaningless. To the majority, I guess.

If I were a lesser woman this shit might lead me to put a gun in my mouth. No freaking wonder suicides are increasing radically in the Western world.

I’ve been trying to remember to thank God and the Universe for my daughter on a daily basis. If not for my 9 year old, I do not know what my acknowledging the futility of our positions would set off in me. I’m old enough to believe I have less life in front of me, than behind, and that puts me in the position of having less to lose. Then I was graced with my little belle as apparently God/universe doesn’t want me running off half cocked trying to “do something,” as is my nature. Apparently, I am meant to be exactly where I am.

Even if that place is between a rock and a hard place with a dose of can’t take it thrown in for good measure.

Same as it ever was? So it goes?

Freak. Freaking Frustrated Friday. But, at least I still feel something. That’s good, right?

Goshdarnit! Before I could even press submit on this comment, I get a call from my car insurance agent. I now have to call a special number, whom will then conference call my HEALTH insurance company, to verify bullshit about primary payers, to be compliant with CAR insurance.

JUst what in fuck, how freaking much are we going to take? Why is everyone just taking this shit shoved down our throats at every MF’ing turn?

Are we men or fucking automatons?

AAAAAAAAAAAAARRRRRRRRRRRRRRRGHHHHHHHHHHHHHHHHHHHH!

Sorry, lost it there, I’m back, serenity now, hoochie mama, I’m off to EFT and then make this freaking mandated call.

I hate our rulers with every fiber of my being. And I hate them ALL, No matter their political affiliation.

Kill Bill
Kill Bill

But butt butt there is gold in them thar hills, valleys and cantilevers!!
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Golden Oxen
Golden Oxen

But butt butt there is gold in them thar hills, valleys and cantilevers!!

I finally understand the art works of Paul Rubens; and the meaning of the word Rubenesque Bill.

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