What’s Imploding Wednesdays with Andrew Hoffman:
– U.S. economy collapsing
– Factory orders, trade deficit, ADP, consumer confidence
– Fever pitch “misdirection” by Fed, Wall St., etc., of the recovery no one anywhere believes anymore
– Commodities collapsing (as I predicted), and dollar soaring (as I predicted)
– CRB breached 2008 lows this week, getting ready to breach 40 year lows
– Unprecedented carnage
– Greece! – Grexit coming!
– China – Market crash
– Puerto Rico – Defualted, tip of iceberg
This interview was hosted by Financial Survival Network.
Andy:
No gold in june 2015 repatriated from new york fed to germany. The June release came out at 5pm on 8/3/15. No one in the media has picked this up. Koos Jansen normally picks this up but for some reason he’s been silent for 3 weeks. Here’s the data. I think much of the Fed’s 6000 tons of earmarked gold allegedly held in “safekeeping” for foreign sovereigns has been leased out or sold. My guess is that the Fed needs to supply gold to comex via morgan, their agent.
Selected Foreign Official Assets Held at Federal Reserve Banks (3.13) 1
Millions of dollars, end of period
Asset 2011/r 2012/r 2013/r Dec 2014/r Jan 2015/r Feb 2015/r Mar 2015/r Apr 2015/r May 2015/r Jun 2015/p
1 Deposits 125 6,426 7,970 5,242 5,467 5,234 5,230 5,231 5,233 5,247
Held in custody
2 U.S. Treasury securities2 2,572,193 2,876,637 2,977,160 2,936,856 2,899,276 2,902,424 2,947,547 2,961,208 3,004,353 3,021,988
3 U.S. government agency securities3 404,325 311,319 311,852 290,949 286,779 284,197 284,884 284,538 287,685 298,627
4 Earmarked gold4 8,417 8,417 8,410 8,170 8,143 8,130 8,116 8,103 8,089 8,089
Thanks Norm. Can you send me a link to the release?
a
Andy: Here’s the link.
http://www.federalreserve.gov/econresdata/releases/intlsumm/forassets20150731.htm
Andy – Also note in the link gold is valued at $42.22 per oz. Prior month’s repatriations have been in the 10 ton range.
Great info. And no one seems to care – at least, NOT YET.
Andy
You probably know that Germany has 1500 tons of gold vaulted at the new york fed. In 2012, they requested only 300 tons be repatriated. New York Fed said 7 years to return 300 tons.
Shanghai gold exchange imported around 180 ton of gold in month of july 2015. It’s a safe bet that the new york fed does not have possession of germany’s gold.
Of course. It’s been nearly two years since that fiasco began.
So if I divide the value of the gold in the FED vaults by $42.22/oz, I can report that many tons on hand. Looks like even the measuring tool is rigged! Where, besides FED vaults, can I find $42.22/oz gold?