Where's the gold gone to?

[dixiegrrrrl]

There was a story April 09 stating that the gold reserves at Ft. Knox had not been audited since 1950.
AND
" that several years ago the U.S. government changed the description of the gold at Fort Knox from “gold reserves” to “deep-storage gold”.
...at a time when the U.S. government was “forward-selling” gold into the market (depressing the price of gold) – in return for buying the future production of some of the world's largest gold miners."

THEN
More recently, the U.S. government has again changed the way it describes its gold from “gold reserves” to “gold and gold-swaps” with NO break-down on how much gold has been “swapped” (i.e. lent to a 3rd party), and how much gold the U.S. government actually “possesses”.

http://tinyurl.com/n5pveq


Now comes this, from Canada:
June 4 09
Les Whittington
Ottawa Bureau

OTTAWA–The hunt for the gold is on. The missing gold, that is.

The world-renowned Royal Canadian Mint has called investigators to look into what could be the theft of a significant quantity of gold, silver and other precious metals.
"We're conducting a review. We've asked a third party to assist us with that and we should have the results within the next few weeks and by the end of month we'll be making them public," said mint spokeswoman Christine Aquino.

The mint won't say how much might be missing but the auditors are probing a discrepancy between the value of the precious metals on the mint's books and the stockpile on hand at its Ottawa headquarters.

Aquino said the discrepancy could be the result of anything from a heist to sloppy record-keeping.

http://www.thestar.com/news/canada/article/645339

[ret5hd]

1. kick just 'cause i'm interested

[dixiegrrrrl]

2. I followed a trail of links and found a possible ticking gold bomb.

Apparently, besides rumors and tales of the gold market being manipulated ( naked short selling)
by US and Britain, there is also this:

"The Germans have demanded that gold bullion held in US custodial accounts be returned to their owners, with physical gold shipped back to Germany. The Dubai bankers have demanded that gold bullion held in London custodial accounts be returned to their owners, with physical gold shipped back to the United Arab Emirates. They are following the hired German counsel. In all likelihood, neither US nor London sources are in possession of all the gold held in those custodial accounts, since at least some of it probably was improperly leased. By that is meant without owner permission or knowledge. So an uproar could come soon with charges of gold bullion theft, or at least failure of fiduciary responsibility. Theft is a simpler description."

http://news.goldseek.com/GoldSeek/1244050251.php

I know next to nothing to about gold markets, but one thing led to another in my idle wanderings,
and of course it makes sense that the gold/silver market would be as FUBAR as the rest of our markets.

Today's mystery....reading continues.

[yy4me]

3. Fort Knox is possibly as empty as the US Treasury. Our former

administration could have lent it to pay off debt or some other thing. Next thing you know, we will not be allowed to own gold, only the government will. Somehow, fancy bookkeeping would not surprise me. In fact, not much surprises me anymore.

[dixiegrrrrl]

5. Germany has asked for its gold reserves back from us.

"The Germans have demanded all of their gold held in custodial accounts inside the United States to be returned to German soil. The story is not public, but details have come to me from a private source close to the action. The Germans have also given counsel for Dubai to demand all of their gold held in custodial accounts inside London to be returned to Dubai, where a new gold trading center will spring up. In my view, THIS IS THE BIGGEST NEWS FOR GOLD THIS ENTIRE YEAR. The hidden arch-enemy for the US-UK on all matters pertaining to gold bullion is Germany. This is not a well-known concept. Insults were hurled at the US delegation during the London G20 by their ministers. Germany is also advising the Chinese on currency and gold matters."

http://news.goldseek.com/GoldenJackass/1242973800.php

AND

"Either lawsuits or Congressional Bills have begun against the US Federal Reserve to force a formal accounting of their balance sheet, and of the gold contents at Fort Knox. A surprise would await them, to learn no gold exists at Fort Knox. Another lawsuit has begun to force the USFed to reveal the spending of the T.A.R.P. funds. Foreigners must watch the Wall Street syndicate with some degree of disgust. Watch the Supreme Court enter the picture."

[Wednesdays]

4. K&R

:kick:

[SnoopDog]

6. Funny thing about gold...

You cannot eat it.

You cannot drink it.

And people all over the world thinks it is 'valuable'.

"You are in a desert. One person has only a canteen full of water. Another person has only a bar of Good. Who's really rich?"

[truedelphi]

13. You make a good point. But Kucinich sort of covered this point.

When he and Issa were protesting the first round of TARP Bailout monies, Kucinich let it be known that the financial institutions, screaming for money so they could go ahead and approve consumer loans, would never do use the money for loans for We the People, but instead would buy up commodities like utilites (think of your local water utility) and oil.

Exactly what is now happening, except of course the Big Banks claim they cannot afford to lend out money to us.

[Art_from_Ark]

18. "You are in a desert.

One person has only a canteen full of water. Another person has only a bar of Good. Who's really rich?"

A bar of Good? A Mr. Goodbar?

Tough question.

[westerebus]

7. As I keep extra tin foil on hand at all times...

Where did the gold go that was stored in the vaults under the World Trade Center?

[earth mom]

17. That's what I was thinking too.

Paraguay, anyone?

[Mira]

8. That's quite a discovery you made, dixiegrrrrl, one that really bears watching and

following. And your statement is concise and makes good sense, where you speculate that considering the rest of the financial markets condition, it would easily follow that the precious metals markets are in disarray as well. K&R

[CoffeeCat]

9. Good find, as usual--

...Dixiegrrrl...

I'm not sure what is going on here, but the topic of gold is very interesting.

I listen in to talk radio frequently--just to see what the criminal propagandists are up to. I noticed
about nine years ago, that the right-wing radio programs were deluged with gold ads. The ads were really
pushing gold. Funny thing, I only heard these ads on right-wing radio programs. I'm sure they were played
on other programs, but I found it intriguing that these ads were all over shows like Glenn Beck, Rush Limbaugh,
Michael Savage, Sean Hannity, etc.

Furthermore, the gold companies didn't just buy air time. More often than not, the radio personality was hocking
gold personally.

I don't know what this means, but I think it is interesting, to say the least...

[Mnemosyne]

10. 1-800-CASH4GOLD. n/t

[Crewleader]

11. Thanks for keeping us informed Dixiegrrrl

K&R

[dixiegrrrrl]

12. U R Very welcome...this promises to have all sorts of implications.

[Omar4Dems]

14. Yosemite Sam took it

(Or at least he tried.)
Don't believe me? Go to the 6:03 mark on this video:
http://www.youtube.com/watch?v=Gb0oz0YWOlU

[progressoid]

15. Bling.

[yy4me]

16. What a sight. Not only the main gold bearer, look behind.

I once saw a belt belonging to some major athlete in a pawn shop in New Orleans. It was as big as the purse I was carrying. Ugly as sin. Encrusted with diamonds. I was told by the pawnbroker that the owner pawns it every so often when he is short of cash. That was at a time when gold was $300.00 an ounce. I can imagine what it is worth now with gold at almost a thousand.The price still does not make it any better looking.

Does this wearer think the size will get him into heaven any easier? That and his little bitty bathing suit?

I think I may be getting a little catty. Just give me the darn thing and I'll head for the refiner.
This fellow better be careful when he sits down, could injure himself.