Today a legend in the business told King World News, “… the German gold hoard, which is supposed to be stored at the Fed, may already be gone.” Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also believes countries like Germany, Austria, and others are in serious danger of having claims on their gold stored at the Fed evaporate.
Here is what Barron had to say: “This has been happening for quite some time. In fact, I can remember hearing 6 or 7 years ago that Gaddafi wanted all of his gold back from New York. There were several tons going on a transport plane out of New York once a week to Libya.”
“He (Gaddafi) just didn’t trust any other government with it. Of course we all know what happened to him eventually. His gold has kind of gone missing (appropriated), and nobody knows where it is now. This is the problem the Germans, Austrians, and various other countries are facing.
They don’t want their gold to go missing…
The latest round of gold repatriation was started by Hugo Chavez, and in Chavez’ case nobody knows if he is alive or dead right now. So we have seen a pattern from Saddam Hussein, to Gaddafi, and now Chavez, that anyone who interferes in the gold market or attempts to threaten the US dollar’s dominance ends up dead.
Ecuador decided to take a page out of Chavez’s book and ask for Ecuador’s gold back. So their gold was repatriated. The Germans and the Austrians were the latest to have public discussions asking the question, ‘Where is our gold?’
Now the Germans have decided to take back their gold out of France, and apparently small portions of their gold will be sent from the Fed to Germany in coming years. I do believe a lot of Germany’s gold has been leased out internationally, through the bullion banks. So the reality is that the German gold hoard, which is supposed to be stored at the Fed, may already be gone.
Full article: Germany’s Entire Gold Hoard At The Fed May Already Be Gone (King World News)