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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal!

If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal!

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shakes4life2


If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal!
Date: Friday, 2-Nov-2012 00:10:29
Posted by Charleston Voice
October 31, 2012 By The Doc

The Doc welcomed back Cheviot Asset Management’s Ned Naylor-Leyland for an exclusive interview Sunday regarding the German gold repatriation, and how it will affect the physical gold market going forward.

In this MUST READ interview, Naylor-Leyland stated that when you take into account the fractional reserve accounting by the bullion banks, the 50 ton annual gold repatriation number is much larger in terms of the impact on the underlying market.

Naylor-Leyland believes Germany and the other central banks storing their gold reserves at the BOE and the NY Fed are essentially SOL, stating: If you’re holding your central bank gold reserves either in the Bank of England or the NY Fed, unless you are Theseus trying to find the Minotaur, you have no chance of getting out of there with any metal. The gold ownership chain of custody is severely tarnished and it’s obvious that it’s a problem. In light of what we know about the tightness of the physical market it appears the pressure is on, and it’s not likely to dissipate.

Full MUST READ interview with Ned Naylor-Leyland on the central bank panic out of paper and into physical gold reserves below:
Read/Watch more>> If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal! 3209671710

http://chasvoice.blogspot.com/2012/11/if-your-gold-reserves-are-at-boe-or-ny.html

shakes4life2


Romania Wants Return of 93.4 tons as Gold Repatriation Ratchets Up

Posted by Charleston Voice

Romania wants its gold treasure back from Russia, a recent Bullion Street article says. It’s another signal of the accelerating trend of countries to repatriate their gold—and another indication that the tide is turning toward gold and silver.

Two railway carloads, or 93.4 tons of gold, were transferred to Russia as German troops began to threaten the region during World War I. According to the article, “All the governments of Romania since World War I, regardless of their political colour, have tried unsuccessfully to negotiate a return of the gold.”

Of course, this is not the first time the Romanian people, or people of any region for that matter, have found their monetary metals tempting to foreign powers. Invaders sent by Roman Emperor Trajan found gold and silver in great quantities in the Western Carpathians, which run through what is now modern-day Romania. Resulting from this conquest, Trajan brought back to Rome over 165 tons of gold and 330 tons of silver.

It is interesting that considering this history independent auditors say Germany has stored its gold abroad since the Cold War in case of Soviet invasion. Additionally, the auditor’s report says the German gold stored in London has fallen “below 500 tons” due to recent sales and repatriation. Considering German gold stocks have remained the same, the sale of physical gold must have been offset by an acquisition of paper promising to pay gold from the Federal Reserve Bank or other entities needing a physical supply of gold.
Related Posts : Central banks, Germany’s Gold Reserves, Gold

Romania Wants Return of 93.4 tons as Gold Repatriation Ratchets Up

If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal!

Central Bank Run on the Federal Reserve’s Custodial Gold Imminent if Not Already Underway

More>>

http://chasvoice.blogspot.com/2012/11/romania-wants-return-of-934-tons-as.html

shakes4life2


Posted by Charleston Voice
http://chasvoice.blogspot.com/2012/11/germany-to-repatriate-audit-150-tons-of.html
Silver Doctors,
In perhaps the biggest story in gold since Hugo Chavez sent shock-waves throughout the gold market in mid 2011 (and propelled gold up $300 to a record $1915), the German Federal Accountability Office has ruled that the Bundesbank must conduct an audit on German Central Bank gold holdings, and in anticipation, has begun the repatriation of German gold from the NY Fed. The Bundesbank will request the NY Fed ship 50 tones of German gold back to the motherland a year for the next 3 years! WATCH HERE>> https://www.youtube.com/watch?v=RyALkxe7O-g&feature=player_embedded

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