Are Central Banks Overstating their Gold Holdings?
Romania has demanded for many years that Russia return its gold.
Last year, Venezuela demanded the return of 90 tons of gold from the Bank of England.
As everyone knows, the German high court ruled that Germany must audit its gold reserves held in foreign countries such as the U.S., England and France. And German inspectors will actually travel to the New York Federal Reserve Bank’s gold depository and the Bank of England to inspect their gold.
Germany will also repatriate 150 tons of gold in order to test it for purity.
Germany’s not the only country. As Zero Hedge notes (quoting Bloomberg):
Ecuador’s government wants the nation’s banks to repatriate about one third of their foreign holdings to support national growth, the head of the country’s tax agency said.
Carlos Carrasco, director of the tax agency known as the SRI, said today that Ecuador’s lenders could repatriate about $1.7 billion and still fulfill obligations to international clients. Carrasco spoke at a congressional hearing in Quito on a government proposal to raise taxes on banks to finance cash subsidies to the South American nation’s poor.
Some people in the Netherlands want their gold back as well.
It’s not only Germany (who’s gold is missing), it’s the United Sates, it’s all of the countries. Nobody knows what’s in Fort Knox. They won’t let anybody in. Where’s the gold in the United States? How come we can’t go in and look in Fort Knox?
Left and their big fat multi-cultural lie 2014 08 30
Picture the scene; a taxi is pulled over by an officer from South Yorkshire Police who finds a half-naked 12-year-old in the back of the cab so drunk or drugged that she can hardly stand. When interviewed, the taxi driver is found to have pornographic pictures of the girl on his phone.
The officer hands back the phone and – no ...
Rotherham - Child sacrifice to diversity god 2014 08 30
It is sad to see how the once great nation of England has fallen. Britain now rivals North Korea for totalitarian control. If you are White, the wrong word can send you to jail. If you are non-White you are free to rape and kill the native British with impunity.
If Henry the VIII came back from the grave, he could ...
Hungary’s Orban Bashes Liberal Immigration Policy 2014 08 29 Hungary’s Prime Minister Viktor Orban on Monday lashed out against immigration, setting one of the main policy objectives of his next term in power after winning parliamentary elections in April.
“The goal is to cease immigration whatsoever,” said Hungary’s prime minister. “I think the current liberal immigration policy, which is considered obvious and morally based, is hypocrite,” Mr. Orban said.
At a ...
China’s “Duplitecture” Cities Mimic the World’s Greatest Architectural Hits 2014 08 29 The best knockoffs in the world are in China. There are plenty of fake designer handbags and Rolexes, but China’s knockoffs go way beyond fashion. There are knockoff Apple stores that look so much like the real thing that some employees believe they are working in real Apple stores. And then there are entire knockoff cities. There are Venices with ...
Kiev loses control of Novoazovsk, rebel troops advance in southeast Ukraine 2014 08 29 Kiev’s troops had to leave the eastern Ukrainian city of Novoazovsk to save their lives, said the country’s Security and Defense Council. The authorities admitted that self-defense forces are advancing and leading a counteroffensive in the southeast.
Along with Novoazovsk, Kiev troops have lost control over the villages of Amvrosiivka and Starobeshevo in the Donetsk Region of Eastern Ukraine.
According to Ukraine’s ...