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Germany Will Pull Its Gold Out of the Federal Reserve Bank of New York and France.

Written by Gary North on January 16, 2013

If the Federal Reserve Bank of New York has all of the gold in its vaults that is owed to Germany, there will be no problem.

But what about other central banks?

If they follow suit, the scene in Die Hard 3 will be repeated: gold flows out.

Before this happens, there had better be an independent audit of the Federal Reserve. Is all of the gold held by the NYFED on behalf of the U.S. government kept separately from all the gold the NYFED stores for foreign central banks?

If the NYFED has mixed the assets, the Congress had better stop the NYFED from shipping U.S. gold abroad.

That would mean a default by the NYFED. That would cause a huge move up in the price of gold.

Better now than later.

If this happens, the government can tell the NYFED to auction off its gold in the form of American gold eagle coins. Let Americans buy it.

Why should Germany be at the head of the line? But it is. It will get its gold.

You had better get yours. Now.

Continue Reading on www.zerohedge.com

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17 thoughts on “Germany Will Pull Its Gold Out of the Federal Reserve Bank of New York and France.

  1. Admiral America says:

    Why would Germany or any nation have their gold held in a foreign bank? Heck why do we have our gold held by a private bank, the Federal Reserve which is also in essence a foreign bank?

  2. The FRS has refused to let German officials into the vault to inspect their gold. Translation: We stole yours too, just liek we've been doing to the American people for the last 100 years!

  3. Bob Marshall says:

    Millions of Americans did not agree with Ron Paul when he asked for an audit of the Federal Reserve. Many said he was a crazy old man with outdated policies.

  4. laissezfairemedia says:

    They were not smart and like everyone else naively trusted the U.S.: http://globalgoldnews.com/

  5. What the gold hustlers have been saying all along is true. America is losing (if not lost) their full faith in credit from their foreign allies. Germany isn't stupid. With all the noise from several "patriot" groups raising the specter of suspicion as to Obama's eligibility to be president; the recent petitions by a number of states seeking to secede from the union; the raping and pillaging of the economy on the macro level more than once; and the rejection by our allies to hold the US dollar as their reserve currency. Germany's decision to move their gold out of America comes as no surprise. And as the article begs the question at the end, which one of our allies will be next? Seriously, this can't be good.

  6. …and you thought things were ugly before. The economy is REALLY about to get interesting.

  7. hanginjudge says:

    OOPS! Whooda thunk that would happen? Guess they may have to scrape some up somewhere. Maybe just take it all away from those investors that have been collecting it. Of course the Fed will give them an IOU for it. We all know how trustworthy the Fed is right!

  8. well venezuela was the first to recall its gold and chavez has got his all home now but what you dont hear now is that the fed will be giving germany back its gold over a 7 year period. when Degaulle recalled frances gold in 61 it was literally over night and in 1 shipment. not so for germany and a word to the wise to germany, drill a hole thru the middle of every bar you get back

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