Now with the Dutch becoming apprehensive about the security of their nation's gold, albeit Germany, too, and Armenia even filing a lawsuit to obtain their gold from the NY Fed, and Venezuela's repatriated their gold, could there be something afoot we aren't being told? All within this year alone.Could a secret plan be in play that all the gold tendered to the NY Fed as "custodial gold" will be commandeered by the US Federal Reserve? Who are the other three dozen central banks and how much gold have they custodied with the Fed? Are they growing antsy, too? Could Jim Rickards be on to something truly planet-trashing?
"Jim Rickards has outlined possible plans by the Federal Reserve to commandeer Germany’s and all foreign depositors of sovereign gold at the New York Federal Reserve in the event of a dollar and monetary crisis leading to intensified “currency wars” and the ‘nuclear option’ of a drastic upward revision of the price of gold and a return to a quasi gold standard is contemplated by embattled central banks to prevent debt deflation." Source
Uneasiness in the Netherlands about national gold reserve
Submitted by cpowell on Thu, 2012-10-25 14:32. Section: Daily Dispatches Thanks to our friend Louis Boer for the translation of this report from Dutch to English.* * *
From Nederlands Dageblad
Barneveld, Netherlands
Wednesday, October 24, 2012
http://www.nd.nl/artikelen/2012/oktober/24/vraagtekens-burgers-bij-goudv...
Almost 300 "concerned Netherlands citizens" have joined the German initiative for insight about the gold reserves.
In a petition the citizens committee demands "full openness on the quantity and storage location of the Netherlands' physical gold, and on the extent and nature of the gold claims."
In Germany a lot of uneasiness has risen about the quantity, value, and quality of the gold reserves, which have not been audited in many years at various storage locations. Led by the tabloid newspaper Bild, German news media are wondering whether the 3.4-million kilograms of ingots are really there (valued at about E150 billion).
Under pressure from the German federal audit office, part of the gold stock will be repatriated from the United States to Frankfurt.
The Netherlands faces similar uneasiness about the position of its gold treasure -- 612,000 kilograms with of a value of about E25 billion. The gold, in part located at De Nederlandse Bank in Amsterdam (about 10 percent), is also located at the Federal Reserve Bank of New York, in Ottawa, and London.
The Netherlands comes tenth on the list of gold reserves. The United States leads with 8.1 million kilograms. Germany comes second.
Tom Lassing, one of the signers of the petition and owner of the website beursbox.nl, says central banks are unjustly mysterious with gold reserves.
"The last years have seen a loss of trust in the financial system and we have been fooled a lot," Lassing says. "So I say: Just let the central banks like DNB show the gold is really there."
According his fellow signer Harm van Wijk of beursbulletin.nl there is every reason for an audit. "The reliability of politicians appeared not very great on the Greek issue, so rather than being ostriches we should seek certainty on the gold reserves."
One of the concerns is that the gold reserves of central banks has been pledged repeatedly through negotiable title deeds. Experts like commodities dealer Eric Sprott maintain that there is much more "paper" gold in circulation than there are ingots in the bank vaults.
Since 1990 the Netherlands has sold almost 1.1 million kilograms of its gold reserves.
Source: Uneasiness in the Netherlands about national gold reserve
