Bitcoin Forum

Been reading about Germany's repatriation of gold from the US.  First, hard to believe that countries would entrust their gold with the Fed.  Funny thing happened several years ago when the Germans wanted to just "see" their gold.  Fed told them NO.  Several years later they came back and were allowed to look at, but not touch, a few bars.  Then Germany last year says we want our gold back - a fair request as it seems there is no need to keep German gold with the Fed.  Fed tells them that it will take SEVEN YEARS to give back HALF of the German gold.  After one year, it was recently reported that, instead of giving Germany 1/7 of the gold total, they only gave them around 1/3 of that so it will be around 20 YEARS TO PAY IT BACK.  Also, the gold that was paid back was not the german gold entrusted with the Fed but melted down and recast gold.  This tells me that most or all of the gold is gone.  There hasn't been an audit of the US gold or any other country's gold held with the Fed in OVER 50 YEARS.  It's all trust.  Don't know about you, but I don't trust Fed bankers.  When more countries begin to repatriate (Netherlands, etc) the game will be up.  The gold has all been leased out to banks like JP morgan who have dumped on the market.  There is no way to get the gold back.  This seems to be one of the greatest frauds in the history of the world.  And when exposed the price of gold and especially bitcoin will go to the moon.

sounds like the big dump in coin was to help them pay for some gold

now they are down 1 third of 1 seventh of Germans gold holdings in coins

what are they going to do next ?

enter DPR's stash

Nothing is going to the moon...  ::)
sorry

or?

Do you have any reliable sources for this or is this just gold bug chatter. 

why do they need it back whats Germany going to do with it ?

Links, sources?

It is an interesting situation. Who knows how it will play out? Sounds like Deutsche Bank is now going to give up its gold fixing seat too.

http://www.tfmetalsreport.com/blog/5375/where-german-gold

http://www.zerohedge.com/news/2014-01-17/german-gold-manipulation-blowback-escalates-deutsche-bank-exits-gold-price-fixing

Yep it is😄

this is why BTC >>>> than any other asset class....It so much harder to manipulate or take it the latter basically impossible.

I am mystified as to why gold bugs exist as there no#1 complaint is manipulation!

that why gold is useless now ...  ::) even a guy/girl buy it, it can take the gold in his hand (bank assume that you have 10g of gold in his account for XXX customer).

Ok if you go to the bank and want your money and they tell you you can get half of it in 7 years how would you feel?
And if they then say "Why do you need it back what are you going to do with it?" How would you feel?

I'd be very pissed!!!

When reading this thread the following comes to mind...

Double Spending

sorry, but 1/3 is much more than 1/7.So the Germans get their Gold back earlier
what about your math`?

I read it as they got back 1/3 of the promissed 1/7.

yes one can read it like that,when   is referred to 1/7 but when it is referred to then the math is bad

Why did Bernie Madoff go to prison? He would be an excellent CEO for the FED :D

Now guess where the gold go  ;)

You missed the thread about fractional reserve exchanges didn't you?

This is fact, but its probably too explosive for the Main stream media yet.

Double Spending is an understatement.

Some sources suggest that said gold holdings have in fact been sold and re-issued as bonds and gold certificates to banks, companies and citizens. These bonds and gold certificates have then been re-packaged and re-sold multiple times in the markets on top of assets that don't actually exist.

[Citation needed]  :-X

So... Triple and even Quadruple spending of 'borrowed' assets.

Well i dont really see a reason for bitcoin going through the roof when the manipulation of gold occurs, the gold should be probably much higher after this discovery, but i do not see a reason why it should boost bitcoin a lot (a little maybe but a lot not a chance). And btw the discusion here just shows how many losers are present in the bitcoin community (for example just the math comment).

yet?  ever.  either it's goldbug FUD or it's far, far too explosive for Operation Mockingbird to touch it.

Try reading the comments on zerohedge some time.  There are a few bright lights here.   It's hard to tell just how bright, after your eyes have adjusted to the darkness.

Google rehypothecation.  In the City, rehypothecation can be infinite (but limited, by haircuts).   

Because the dollar. Gold price is manipulated to make the dollar appear stronger. When the manipulation game is busted the dollar will thus fail badly and send bitcoin to new unimaginable roofs.

Theres some info here:

http://www.presstv.ir/detail/2014/01/18/346298/hows-and-whys-of-gold-price-manipulation/ (http://www.presstv.ir/detail/2014/01/18/346298/hows-and-whys-of-gold-price-manipulation/)

Btw, I think the FED is pretty much out of luck because the market is finding out now.

http://www.silverseek.com/article/something’s-afoot-gold-and-silver…-12859 (http://www.silverseek.com/article/something’s-afoot-gold-and-silver…-12859)

Thanks for that.

(1) I'm well aware of rehypothecation. (2) What's Google ?   :D

...

Where's all the gold? - https://www.youtube.com/watch?v=-QcAwybdrXg

The U.S. Gold Standard: Digging Deeper - https://www.youtube.com/watch?v=frZ8MNILcS8