The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.
The ECB very recently confirmed to BullionStar that its gold reserves are stored across 5 international locations. However, the ECB also confirmed that it does not physically audit its gold, nor will it divulge a bar list / weight list of these gold bar holdings.
Questions and Answers
BullionStar recently put a number of questions to the European Central Bank about the ECB’s gold holdings. The ECB Communications Directorate replied to these questions with answers that appear to include a number of facts about the ECB gold reserves which have not previously been published. The questions put to the ECB and its responses are listed below (underlining added): Continue reading
- In one generation, Europe will be unrecognizable.
- Eastern Europe now has “the largest population loss in modern history”, while Germany overtook Japan by having the world’s lowest birth rate.
- Europe, as it is aging, no longer renews its generations, and instead welcomes massive numbers of migrants from the Middle East, Africa and Asia, who are going to replace the native Europeans, and who are bringing cultures with radically different values about sex, science, political power, culture, economy and the relation between God and man.
Deaths that exceed births might sound like science fiction, but they are now Europe’s reality. It just happened. During 2015, 5.1 million babies were born in the EU, while 5.2 million persons died, meaning that the EU for the first time in modern history recorded a negative natural change in its population. The numbers come from Eurostat (the statistical office of the European Union), which since 1961 has been counting Europe’s population. It is official.
THE eurozone’s economic growth is set for another blow in the coming years, as its ageing workforce is a crisis in waiting, the International Monetary Fund (IMF) has warned.
On top of high unemployment and huge debt levels, policymakers could have to deal with tumbling productivity from workers, according to research by the Washington-based fund.
It is already known the number of eurozone retirees compared to people of working age is on track to ballon over the next couple of decades – putting a larger strain on state resources. Continue reading
Going against the insane immigration policies of Germany and Brussels is costly.
CRACKS in the EU were deepening today as it emerged fines against favoured nations were being scrapped while other countries were expected to stump up punitive sums after slipping into debt.
Last week German Finance Minister, Wolfgang Schauble, is reported to have lobbied several commissioners not to impose fines of 0.2 per cent of GDP on Spain and Portugal after they failed to reduce their fiscal deficit to 3 per cent GDP.
Spain’s deficit stood at 5.1 percent last year and Portugal’s at 4.4 percent, and under Union rules both nations have failed to take “effective action” to bring them down. Continue reading
If you don’t believe today’s infiltrated and corrupted America would wage economic warfare on its “ally”, Great Britain, think again. It already happened. You just missed the boat:
In the US Donald Trump has won the Republican presidential nomination. However, Republican convention delegates are plotting to deny Trump the nomination that the people have voted him. The Republican political establishment is showing an unwillingness to accept democratic outcomes.
The people chose, but their choice is unacceptable to the establishment which intends to substitute its choice for the people’s choice. Continue reading
A Russian mole has been uncovered inside NATO intelligence. What does this mean for Western security?
Last weekend, in the latest development in the secret espionage struggle between Vladimir Putin’s Kremlin and the West, a major Russian spy was arrested in Italy. On Saturday, Frederico Carvalhão Gil, a senior intelligence official from Portugal, was picked up by Italian police along with his Russian intelligence handler, whom he was meeting clandestinely in Rome.
Although Portugal is hardly a big player in the global spy game, it has been a member of the Atlantic Alliance since its founding in 1949, and Lisbon’s intelligence services are full members of the West’s secret spy network. Finding a mole like Mr. Carvalhão in any NATO security service is a serious matter for the whole alliance. Continue reading
We may be looking at the Biblically prophesied King of the South, as written in the book of Daniel.
(TRUNEWS) Has the recent lifting of oil sanctions; and their inclusion in the Eurasian Trade Zone, launched Iran toward becoming a modern resurgence of the Persian Empire?
On the Tuesday edition of TRUNEWS, guest Jim Willie mentioned that Iran — who he referred to as Persia — is the 4th leg in an emerging Eurasian Trade Zone with India, China and Russia. This new trade alliance, Willie said, is establishing a ‘New Silk Road” from the ports of Lisbon, Portugal to Vladivostok, Russia and will become the dominant economic system post-US petrodollar.
(TRUNEWS) Statistical analyst Jim Willie says the recent moves by the rising Eurasian Trade Zone have set the stage for a historic toppling of the Anglo-American petrodollar by July.
Willie’s statements were made during an exclusive interview with Rick Wiles of TRUNEWS on Tuesday, while discussing the significance and meaning of a series of major geopolitical events over the past 3 months from China, Russia, Saudi Arabia, and the United States.
In the beginning of the interview, Willie said one of his veteran sources informed him that government analysts are predicting major economic turmoil to begin in the June/July timeframe. Willie noted that if he had to guess, the July 4th holiday weekend would be the flashpoint for the unraveling of this crisis. Willie said it would be prudent for Americans to stop all investments; and begin hoarding cash, food, and water to weather this impending financial super storm.
The first U.S. LNG shipment will soon arrive in Europe, marking a new era for energy on the continent. Cheniere Energy’s newly completed Sabine Pass facility on the U.S. Gulf Coast recently sent a shipment of American liquefied natural gas, which should arrive in Portugal within a few days.
“LNG coming out of the U.S. is probably the single most important thing that will transform the future LNG market,” Melissa Stark, energy managing director at Accenture, told Bloomberg. “It heralds the arrival of a global market.” Continue reading
TROUBLES in the Italian and Portuguese economies could blow up this year to shatter the eurozone, as disastrous Greece almost did last year.
Investors have become increasingly concerned about the anti-austerity agenda of the Portuguese socialist government, fearing defaults could lie further ahead, which has seen the borrowing costs for the government soar. Continue reading
Remember what Merkel said in 2012. Destroying to rebuild is the case here.
GERMANY could spark the eurozone’s collapse with controversial changes to government debt and bailout rules, a leading economist has warned.
Professor Peter Bofinger, a special advisor to the Berlin-based government, said Italy and Spain could potentially be forced out of the euro and back to their own currencies under new plans.
Under the proposed scheme, investors who hold Eurozone government-issued debts through bonds would have to accept write-offs on the value of their investment before the group steps in to offer bailout cash. Continue reading
The chilling image highlights areas the brutal terror organisation plans to seize by 2020, including Spain, China and parts of North Africa.
According to the map, ISIS plan to take control of the Middle East, North Africa and parts of Europe, within the next five years, to complete its caliphate.
The caliphate – a state governed by Sharia law which ISIS plan to claim – covers areas from Spain in the west to China in the east.