What really happened to the German gold housed in the United States?

[old steel]

https://www.youtube.com/watch?v=7RLhpkaIC7g

[old steel]

Here's the problem with what happened.

The gold Germany gave was stamped and serialized. "They" agree to store the gold and give you back your exact gold, that is, you give stamped and serialized gold, you get back your stamped and serialized gold. That way, you know it's not been tampered with. It's as pure as you gave. And you are supposed to get it back any time you want.

Germany asked for their gold back. Germany said, we'll want it on Friday. And "they" told them, ummm.... yeah, we'll give it back to you in..... 6 months? In 6 months, they gave them back unstamped un serialized gold and they said, they "had to melt down your gold for ease of shipping"

This isn't a conspiracy. It's just what happened. What was agreed to, didn't happen.

Anybody got an explanation for this outrage?

[chad]

the outrage is the we didn't have the gold at all, it took us awhile to buy it on the open market and melt it down for delivery. it's like if i go to the bank to withdraw my $10,000 and they tell me to come back on tuesday, they have to order it from the nearest fed bank. they spent it the second i deposited it and don't really have it.

[mick silver]

on the trip to germany it was drop off in wrong place , if i told you then i would have to you know already . i never heard if they got it all back

[Ponce]

What really happen to the German gold?.......simple........the US gave it to the state of Israel for past war "crimes".

V

[Serpo]

Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 01/16/2014 14:29 -0500



Central Banks (http://www.zerohedge.com/taxonomy_vtn/term/10130)
Commodity Futures Trading Commission (http://www.zerohedge.com/taxonomy_vtn/term/9229)
Deutsche Bank (http://www.zerohedge.com/taxonomy_vtn/term/11963)
Gold Bugs (http://www.zerohedge.com/taxonomy_vtn/term/11934)
LIBOR (http://www.zerohedge.com/taxonomy_vtn/term/192)
New Normal (http://www.zerohedge.com/taxonomy_vtn/term/11402)
Precious Metals (http://www.zerohedge.com/taxonomy_vtn/term/11344)





inShare10



Remember when banks were exposed manipulating virtually everything (http://www.zerohedge.com/news/2013-11-18/how-wall-street-manipulates-everything-infographics) except precious metals, because obviously nobody ever manipulates the price of gold and silver? After all, the biggest "conspiracy theory" of all is that crazy gold bugs blame every move against them on some vile manipulator. It may be time to shift yet another conspiracy "theory" into the "fact" bin, thanks to Elke Koenig, the president of Germany's top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals "is worse than the Libor-rigging scandal." Hear that Bart Chilton and friends from the CFTC?
More on what Eike said from Bloomberg (http://www.bloomberg.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says.html):



The allegations about the currency and precious metals markets are “particularly serious, because such reference values are based -- unlike Libor and Euribor -- typically on transactions in liquid markets and not on estimates of the banks,” Elke Koenig, the president of Bafin, said in a speech in Frankfurt today.
Actually, what makes the most serious, is that precisely because they are on liquid markets means they implicitly have the blessing of the biggest New Normal market maker of call - the central banks, and their own "regulator" - the Bank of International Settlements (hello Mikael Charoze (http://www.zerohedge.com/news/bis-fxgold-intervention-profiles-and-after)).



“That the issue is causing such a public reaction is understandable,” Koenig said, according to a copy of the speech. “The financial sector is dependent on the common trust that it is efficient and at the same time, honest. The central benchmark rates seemed to be beyond any doubt, and now there is the allegation they may have been manipulated.”

Bafin has also interviewed employees of Deutsche Bank AG as part of a probe of potential manipulation of gold and silver prices, a person with knowledge of the matter has said.
We wonder how long until this particular investigation is stopped based on an "executive order" from above, because Bafin is now stepping into some very treacherous waters with its ongoing inquiry of gold manipulation: what it reveals will certainly not be to the liking of the financial "powers that be."

http://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says