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Posted: 11/24/2014 1:15:34 PM EDT
24 November, 2014
The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis. 
 anyone else feel a tingle down their leg?
As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it's climax - the referendum takes place on Sunday - it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam. The gold, worth $5 billion at today's prices, represents 20% of the Netherlands total reserves. It now keeps 31% of its reserves in Amsterdam. Another 31% is believed to be in New York, with the remainder spread between Ottawa and London - the same locations where the bulk of Swiss gold is purported to be stored. The trend towards gold repatriation began with Hugo Chavez bringing Venezuelan gold back to Caracas in 2011. It has been followed by similar moves by other large gold owning nations and central banks, most notably, Germany. the US denied the German request to repatriate a much larger amount, requiring Germany to space it out over time. The repatriation movement has been driven by suspicion that the Federal Reserve and other central banks may have leased or sold gold it was holding on behalf of other countries to bullion banks and that this gold may have been used in order to suppress the price of gold in recent years. Bizarrely, the Federal Reserve’s gold holdings have not been audited in over 50 years. The last audit, and the last public visit, was in 1953, just after U.S. President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. So, there hasn’t been a comprehensive audit of Fort Knox in over 60 years....................... -more- |
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Posted: 11/24/2014 1:24:38 PM EDT
[#1]
US: "Oh, you want your gold back? Isn't that cute. How about fuck off?"
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Posted: 11/24/2014 1:28:35 PM EDT
[#2]
I did/do feel a slight tingle!
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Posted: 11/24/2014 1:34:25 PM EDT
[#3]
If you like your Gold, you can keep your Gold!
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Posted: 11/24/2014 1:37:42 PM EDT
[#4]
Why the fuck did the US allow Hugo Chavez to get back the gold... oh yeah Marxist in office and all that.
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Posted: 11/24/2014 1:38:39 PM EDT
[#5]
If those were boxes of .22LR that would look like my basement.
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Posted: 11/24/2014 1:39:49 PM EDT
[#6]
So you are saying I should buy gold?
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Posted: 11/24/2014 1:40:13 PM EDT
[#7]
interesting
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Posted: 11/24/2014 1:40:20 PM EDT
[#8]
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold?
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Posted: 11/24/2014 1:40:25 PM EDT
[#9]
Every time we have one of these threads it boggles my mind how many Americans seem to think we should steal the gold.
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Posted: 11/24/2014 1:40:54 PM EDT
[#10]
Quote HistoryQuoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Germany. No one trusts them, even today they are shady. |
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Posted: 11/24/2014 1:44:11 PM EDT
[#11]
Quote HistoryQuoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Because for 50 years there was a threat of Russians flooding west. That threat ended and no one saw a reason to change (gold is expensive to move and protect) so there it sat. |
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Posted: 11/24/2014 1:44:46 PM EDT
[#12]
Is this message brought to you by Goldline?
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Posted: 11/24/2014 1:45:22 PM EDT
[#13]
Quote HistoryQuoted:
So you are saying I should buy gold? http://orcaarms.com/media/catalog/product/cache/1/image/419x/9df78eab33525d08d6e5fb8d27136e95/w/o/wolfgold1000roundcase.jpg That's the only sort that is going to really grow in value. (And that is good ammo, too.) |
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Posted: 11/24/2014 1:45:32 PM EDT
[#14]
Quote HistoryQuoted:
US: "Oh, you want your gold back? Isn't that cute. How about fuck off?" Its already back in the country, what's actually in the gold bars might be more important part
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Posted: 11/24/2014 1:46:06 PM EDT
[#15]
Quote HistoryQuoted:
Because for 50 years there was a threat of Russians flooding west. That threat ended and no one saw a reason to change (gold is expensive to move and protect) so there it sat. Quote HistoryQuoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Because for 50 years there was a threat of Russians flooding west. That threat ended and no one saw a reason to change (gold is expensive to move and protect) so there it sat. Ah, thats a solid reason. Thanks |
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Posted: 11/24/2014 1:46:39 PM EDT
[#16]
There is no gold.
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Posted: 11/24/2014 1:47:57 PM EDT
[#17]
Quote HistoryQuoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Because the Western Allies were pretty sure the Soviets wouldn't give it back after WWIII. The good news is that IS will put it to good use when these countries surrender. |
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Posted: 11/24/2014 1:48:41 PM EDT
[#18]
It is kind of crazy when you think that $5 Billion worth of gold is 20% of the reserves of the country. The Swiss basically only have $25 Billion worth of gold. Crazy. That is not that much money.
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Posted: 11/24/2014 1:50:08 PM EDT
[#19]
Quote HistoryQuoted:
Germany. No one trusts them, even today they are shady. Quote HistoryQuoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Germany. No one trusts them, even today they are shady. yep, hitler looted the shit out of europe. |
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Posted: 11/24/2014 1:52:40 PM EDT
[#20]
That's a shit ton of gold.
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Posted: 11/24/2014 1:54:00 PM EDT
[#21]
IN before the inevitable "Goldcore.com?
 " as ARFcom only acknowledges MSNBC as the only source for accurate news coverage. |
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Posted: 11/24/2014 1:54:10 PM EDT
[#22]
Quote HistoryQuoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? 
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Posted: 11/24/2014 1:55:34 PM EDT
[#23]
Quote HistoryQuoted:
That's a shit ton of gold. I think it was about 15% of the national bank's reserve |
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Posted: 11/24/2014 1:56:36 PM EDT
[#24]
Quote HistoryQuoted:
That's a shit ton of gold. Note to self: 122 Tonnes = 1 shit ton. |
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Posted: 11/24/2014 1:56:44 PM EDT
[#25]
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Posted: 11/24/2014 1:58:08 PM EDT
[#26]
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Posted: 11/24/2014 2:00:39 PM EDT
[#27]
Quote HistoryQuoted:
I can audit that for ya! http://media.northjersey.com/images/0106L_GOLDFINGER_25P.jpg Gold-Fingah! Ah, a man of fine taste in classic movies. 
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Posted: 11/24/2014 2:01:31 PM EDT
[#28]
we should get an arfcom group up and invade Venezuela and take their gold, and oil.
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Posted: 11/24/2014 2:01:34 PM EDT
[#29]
Quote HistoryQuoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? I don't understand this either. |
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Posted: 11/24/2014 2:04:48 PM EDT
[#30]
Quote HistoryQuoted:
Ah, a man of fine taste in classic movies. Quote HistoryQuoted:
Quoted:
I can audit that for ya! http://media.northjersey.com/images/0106L_GOLDFINGER_25P.jpg Gold-Fingah! Ah, a man of fine taste in classic movies. Not sure about the taste, but GF is one of the best Bond flicks. |
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Posted: 11/24/2014 2:06:23 PM EDT
[#31]
Quote HistoryQuoted:
we should get an arfcom group up and invade Venezuela and take their gold, and oil. They've been convinced for decades that the USA is somehow chomping at the bit to invade them. |
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Posted: 11/24/2014 2:06:58 PM EDT
[#32]
Quote HistoryQuoted:
Not sure about the taste, but GF is one of the best Bond flicks. Quote HistoryQuoted:
Quoted:
Quoted:
I can audit that for ya! http://media.northjersey.com/images/0106L_GOLDFINGER_25P.jpg Gold-Fingah! Ah, a man of fine taste in classic movies. Not sure about the taste, but GF is one of the best Bond flicks. ...along with Dr. No and From Russia With Love. 
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Posted: 11/24/2014 2:08:51 PM EDT
[#33]
Quote HistoryQuoted:
Every time we have one of these threads it boggles my mind how many Americans seem to think we should steal the gold. Consider how many Americans can barely save a nickel. Lots of zero-sum thinkers. |
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Posted: 11/24/2014 2:11:30 PM EDT
[#34]
Agree with Bama-Shooter. There is no gold in Fort Knox. It's been leased out or stolen, just like the Germans' gold.
The US dollar is so vulnerable in so many ways. Prime interest rate increase by the Fed will destroy the derivatives, stock, bond and housing market. China could announce it is dumping its treasuries. Saudi Arabia could announce it will accept either Yuan or Ruble for its oil. Then over $15 trillion dollars come flooding home. Regarding gold, Dr. Paul Craig Roberts discusses how and why its manipulated down and two reasons why Germany didn't its gold back in this interview: http://www.youtube.com/watch?v=Kokom5MeH8o Use the time they give you wisely. |
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Posted: 11/24/2014 2:12:23 PM EDT
[#35]
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Posted: 11/24/2014 2:16:39 PM EDT
[#36]
Quote HistoryQuoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. |
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Posted: 11/24/2014 2:20:32 PM EDT
[#37]
Quote HistoryQuoted:
Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. Quote HistoryQuoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. |
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Posted: 11/24/2014 2:23:05 PM EDT
[#38]
Quote HistoryQuoted:
I don't understand this either. Quote HistoryQuoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? I don't understand this either. 
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Posted: 11/24/2014 2:24:59 PM EDT
[#39]
Quote HistoryQuoted:
All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. Quote HistoryQuoted:
Quoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. 
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Posted: 11/24/2014 2:26:38 PM EDT
[#40]
Quote HistoryQuoted:
we should get an arfcom group up and invade Venezuela and take their gold, and oil. Take breast implants instead of nylons to barter with the chicas |
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Posted: 11/24/2014 2:28:10 PM EDT
[#41]
Quote HistoryQuote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. http://barnapkinmemoirs.com/wp-content/uploads/2014/07/picard-facepalm.jpg Go on. Show me how the money in your pocket or the numbers on your bank account are worth if people had zero confidence in the currency. |
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Posted: 11/24/2014 2:28:39 PM EDT
[#42]
Quote HistoryQuoted:
It is kind of crazy when you think that $5 Billion worth of gold is 20% of the reserves of the country. The Swiss basically only have $25 Billion worth of gold. Crazy. That is not that much money. Who needs gold when you can simply print all the money you need? |
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Posted: 11/24/2014 2:29:02 PM EDT
[#43]
Quote HistoryQuoted:
we should get an arfcom group up and invade Venezuela and take their gold, and oil. And women.
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Posted: 11/24/2014 2:29:27 PM EDT
[#44]
Gold is expensive. Found this pic.
 |
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Posted: 11/24/2014 2:30:42 PM EDT
[#45]
Gold Bond Powder, you are a friend of mine.
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Posted: 11/24/2014 2:32:20 PM EDT
[#46]
All the gold that's (supposedly) in Fort Knox is but a tiny fraction of our $17trillion debt.
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Posted: 11/24/2014 2:32:25 PM EDT
[#47]
Quote HistoryQuoted:
All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. Quote HistoryQuoted:
Quoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. Silver and Gold have always been the "real" money throughout history. The reason? There's no way to create/manufacture new gold/silver. There is a finite amount on Earth and not a lot of it like aluminum for example. Until humans figure out a way of modifying compounds and elements to make new gold/silver on the atomic level then it will always be worth something. Gold/Silver also have unique physical properties that a lot of other metals don't have. But yea, if everybody all of a sudden decided that gold/silver didn't matter then it wouldn't be "worth" a damn thing...that will never happen though :) |
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Posted: 11/24/2014 2:34:43 PM EDT
[#48]
Quote HistoryQuoted:
Silver and Gold have always been the "real" money throughout history. The reason? There's no way to create/manufacture new gold/silver. There is a finite amount on Earth and not a lot of it like aluminum for example. Until humans figure out a way of modifying compounds and elements to make new gold/silver on the atomic level then it will always be worth something. Gold/Silver also have unique physical properties that a lot of other metals don't have. But yea, if everybody all of a sudden decided that gold/silver didn't matter then it wouldn't be "worth" a damn thing...that will never happen though :) Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Bigger question to me is, why are any of these countries having the US, or anyone else, hold THEIR gold? Being a country that's 99% impossible in effectively invade and having one of the worlds largest military makes it the safest place to store it. Well that is until you come to understand that there ARE no government ran banks in america and there all privately held, and the government truly has no say on what they do with the stuff you store there. The store your gold in the US is one of the longest running scams in human history outside of most religions. Just like the US money scam, the USD is fake money it has no value there's nothing backing it. Well besides the military. All money is fake. It's just an idea. Even gold itself has no real value, unless people believe it does. Outside of industrial uses. Silver and Gold have always been the "real" money throughout history. The reason? There's no way to create/manufacture new gold/silver. There is a finite amount on Earth and not a lot of it like aluminum for example. Until humans figure out a way of modifying compounds and elements to make new gold/silver on the atomic level then it will always be worth something. Gold/Silver also have unique physical properties that a lot of other metals don't have. But yea, if everybody all of a sudden decided that gold/silver didn't matter then it wouldn't be "worth" a damn thing...that will never happen though :) Thank you for actually comprehending my statement. I agree people will always believe in the value of gold and silver, that's why I'm buying it when I can. At the end of the day the US economy is backed up by the US Military, not gold or paper currency. |
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Posted: 11/24/2014 2:36:08 PM EDT
[#49]
Quote HistoryQuoted:
Why the fuck did the US allow Hugo Chavez to get back the gold... oh yeah Marxist in office and all that. Quote HistoryQuoted:
Why the fuck did the US allow Hugo Chavez to get back the gold... oh yeah Marxist in office and all that. The trend towards gold repatriation began with Hugo Chavez bringing Venezuelan gold back to Caracas in 2011  say it ain't so, W!
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Posted: 11/24/2014 2:49:30 PM EDT
[#50]
YEEEE HAAWWW! Euro buy-out! Free Mercedes for all U.S. citizens.
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