SOTT EXCLUSIVE: Gold, gold, gold! Dutch gold boosted, Ukrainian gold looted, Russia buying BIG, Swiss vote gold-quake
© Bullionstar.com
Source: the WGC, DNB
DNB states it has changed allocation policy from 11 % in Amsterdam, 51 % at the FRBNY, 20 % in Canada and 18 % at the Bank Of England (BOE); to 31 % in Amsterdam, 31 % at the FRBNY, 20 % in Canada and 18 % at the BOE. According to the World Gold Council's latest data DNB has 612.5 tonnes in official gold reserves.
Even if much of it is still owed to the Netherlands, this is a nice chunk of gold being repatriated. In contrast, consider that Germany's attempts to have its gold repatriated, which amounted to just 5 tons in 2013, have been stalled, allegedly thanks to the resumption of its suicidal confidence in Uncle Sam as 'lender of last resort'. A more realistic view is that Germany was told that there is no gold, so they can forget all about it.
So why did the Dutch National Bank (DNB) bring back some of its gold?
"It is no longer wise to keep half of our gold in one part of the world," a DNB spokesman told . "Maybe it was desirable during the Cold War, but not now."
Interesting. THEN was a Cold War; not now. That's not going to go down too well in the US State Department. The Dutch didn't bother having a referendum in order to bring it back, like the Swiss. They just went ahead and did it.
reports that for years there have been doubts at the DNB if the Dutch gold was still in New York. After a very secret and almost military operation DNB has shipped gold from Manhattan to Amsterdam, to bring about a more balanced allocation of its gold reserves and give the Dutch citizens more confidence by storing the gold on own soil to guide the country, if necessary, through a following major crisis. In the previous weeks many armored trucks were seen at the DNB in Amsterdam.
Other news this week included official admission from Ukraine that their gold is gone. This was first noticed back in March, just after the coup, but never verified and only mentioned on alternative news sites... which figures because only they can be relied on to tell you the news:
Back in March, at a time when the IMF reported that Ukraine's official gold holdings as of the end of February, (just as the US State Department-facilitated coup against former president Victor Yanukovich was concluding), amounted to 42.3 tonnes or 8% of reserves...
Interestingly, Ukraine gold's reserves had constantly increased, hitting a record high just before the presidential coup. So this happened under Yanukovich, who has been accused by the current coup leaders of 'robbing the country blind'. Trust psychopaths to always accuse their mark of what precisely they intend to do.
Here is the account of how Ukraine was actually - in the real world, and not the US reality-creators' world - 'robbed blind':
... Ukrainian Media reported a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, "in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US."
Below is a report from the Iskra News service:
After this, several mysterious men arrived and also entered the plane. The loading was carried out in a hurry. After unloading, the plateless cars immediately left the runway, and the plane took off on an emergency basis.
Airport officials who saw this mysterious "special operation" immediately notified the administration of the airport, which however strongly advised them "not to meddle in other people's business."
Later, the editors were called by one of the senior officials of the former Ministry of Income and Fees, who reported that, according to him, tonight on the orders of one of the "new leaders" of Ukraine, all the gold reserves of the Ukraine were taken to the United States.
And now the gold is officially acknowledged as 'gone':
In an interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that "in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves."
A Youtube video of the above admission can be viewed here, but it is without English subtitles.
So Uncle Sam stole Ukraine's gold, though the planet's most ravenous beast will of course frame it as 'protecting the gold from evil commie Russians'. The US knows that gold - until its worthless paper - is important, something former FED chairman Alan Greenspan also highlighted a few weeks ago at a meeting of the Council of Foreign Relations:
TETT: Do you think that gold is currently a good investment?
GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.
Uncle Sam knows gold is important, and so do other central banks around the world. The petrodollar is slowly but surely collapsing. (A curious coincidence I'm sure, the Iraqi central bank bought 36 tons of gold just as Kiev's flew away. This is roughly the amount that the US looted from Ukraine, which also happened in March. Did Ukraine's gold end up in Iraq?)
Putin made it clear in a recent interview that Russia exited the dollar dictatorship:
"We are leaving the dictatorship of the market where oil goods are based on the dollar and will increase the possibilities of using [other] national currencies: the ruble and the yuan," Putin said in an interview with the Russian state news agency TASS.
In order to end the petrodollar, gold will play an important role, something that Russia is all too aware of. It is therefore no surprise that Russia is one of the key buyers of gold, utilising the low gold price to offload the dollars that are still accepted in oil trade, while stocking up on gold. This week it was announced that Russia was the third quarter's biggest buyer of gold:
Just as China is buying 'cheap' oil with both hands and feet, so Russia, according to the latest data from The World Gold Council (WGC) has been buying gold in huge size. Dwarfing the rest of the world's buying in Q3, Russia added a stunning 55 tonnes to its reserves, as reports, Putin is taking advantage of lower gold prices to pack the vaults of Russia's central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.
The economic war is on! Gold plays a vital role on the battlefield, although this is not seen in the mainstream media. The West relies on debt and fiat currency with money-printing ad infinitum, while Russia and China as leaders of the alternative 'multipolar world' are stocking up on precious metals, commodities and real assets.
A week from now, Switzerland will have a public vote on whether to bring back Swiss gold from the New York Fed, and whether to keep 20% of the Swiss National Bank's foreign reserves in gold. Not surprisingly, the 'No' campaign has been scaremongering the population into doing something so rational for their own best interests, and currently leads in the polls by 47% to 38%, with 15% undecided. As Tyler Durden remarks, the implications are huge. A 'Yes' vote means the SNB would have to buy 1,500 tons of gold in order to make the 20% reserves limit, something that would send shockwaves through the world's central banks, hence the big push by Big Banksters' in London and New York to squash the Yes campaign in Switzerland.
© Unknown
Will the Swiss people take note of the actions of the Dutch National Bank and the words of Alan Greenspan? Regardless of which way the vote goes, gold reserves are going to play a major role in future, and those countries who have been wise and kept gold rather than debt-money stand a far better chance of surviving the financial chaos that is about to engulf the world.
I'm a train manager and ticket inspector on international train routes in Europe. I've been reading SOTT since 2003 and first joined the editorial team in 2007 after realizing I had to do something about the deteriorating state of our world. I'm particularly interested in 'following the money' to track the machinations of the deceptive ones in high places. I suppose you could say I've taken my chosen profession to a new level, and now with SOTT I'm "inspecting the flows" of people and money in more ways than one.
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