First Germany, Now Austria Demands An Audit Of Its Offshore Held Gold

[5flags]

http://www.zerohedge.com/news/2014-05-26/first-germany-now-austria-demands-audit-its-offshore-held-gold

http://dollarvigilante.com/blog/2014/6/3/is-the-feds-gold-ponzi-scheme-about-to-pop.html#

A very big part of me hopes the gold isn't there, then we can all go on with the business of recovering from the elaborate ponzi scheme we call fiat.

I was very interested to see that the Fed's gold bullion policy has shifted from "gold is not fungible, you will get back the exact bars you deposit" to "gold it totally fungible and you will get back bars that are probably less pure than the gold you deposited".

[Balthazar]

[Nemo1024]

I was very interested to see that the Fed's gold bullion policy has shifted from "gold is not fungible, you will get back the exact bars you deposit" to "gold it totally fungible and you will get back bars that are probably less pure than the gold you deposited".

This also opens up for "ponzying" with gold: You just show the auditors the Ukrainian and Libyan gold as if it was German and Austrian gold...

[5flags]

This also opens up for "ponzying" with gold: You just show the auditors the Ukrainian and Libyan gold as if it was German and Austrian gold...

Seems possible something like that is happening.

"Yes sir, I can show you one bar, at a time, alone, in this room, and you can't see where the rest is kept..."

[bryant.coleman]

First of all, storing the gold reserves in New York is a very lame idea. For sure, the US is a good ally of Germany. But you never know when things change. So far only 69 tons out of the total of 674 tons have been repatriated to Germany. Why the US authorities are so slow dealing with this? Seems like they have already used up a part of the reserve to fund the war machine.

[5flags]

Yes, I can't help but picture Mark Karpeles at the Fed...

[Lethn]

Excellent, this is exactly the kind of situation I was waiting for, once countries start investigating each others' gold reserves everybody will start panicking.

[spazzdla]

I would say shit is about to get real.. but even after Germany demanded it and was denied no one batted an eye... Even my gold bug friend said "OH THERE MUST BE ANOTHER REASON"... The average person is beyond stupid.. like you can not fathom the stupidity.. rephrase.. loyalty to the media.  They listen to what ever the media says and it's truth no matter how stupid it sounds.

My cat has more sense when it comes to things of the world than the average person.