Oh and another comment that is very intresting ...
Here is a gem from way back
www.marketskeptics.com...
US Exported 5000 Metric Tonnes Of “Gold Compounds” Over Last Two Years August 29, 2009 by Eric deCarbonnel
...U.S. Gold, Going or Completely Gone?
-- Posted Friday, 29 May 2009
This past Tuesday evening I found myself reading a snippet from Enrico Orlandini's, DTAnalysis [DT stands for "Dow Theory"] - where Mr. Orlandini
opined,
...
I took special note of how 2,920 metric tonnes of "Gold Compounds" had been exported from the U.S. in 2008. This number seemed BIGGER than BIG —
because the U.S is only alleged to have stockpiles of sovereign gold of 8,100 metric tonnes while annual U.S. mine production of gold is roughly 228
metric tonnes. This figure of 2,920 metric tonnes is equal to 36 % of all alleged sovereign U.S. gold stocks or more than 14 times annual U.S. gold
mine production.So, I was left wondering, "just what is/are 'gold compounds'?
I contacted the USGS and queried a qualified individual [who had working knowledge of this data stream] about the definition of "Gold Compounds". I
was told that, according to the U.S. Census Bureau — who supplies not only the definition but the actual reported numbers, gold compounds were
typified by industrial type products containing low percentages/amounts of actual gold content — like gold paint.
...
The Implications
Ladies and gentlemen, the foregoing data and discussion with the USGS individual is proof that the United States of America [or criminal elements
within its Treasury and/or The Federal Reserve] "HAS" surreptitiously exported physical gold - and continues to do so. It is confirmed. The exports
are likely coin melt [or gold compound, if you prefer] from the great gold confiscation back in 1933; or alternatively, this terminology is being used
to disguise physical repatriation of foreign gold bullion formerly on deposit with the N.Y. Federal Reserve. Such repatriations are recorded as
"exports" in U.S. Trade data. Public acknowledgement of same would scream like a siren call that the global financial community has totally lost
faith in American financial stewardship — hence the need to do so on the sly.
This is being done in a vain/desperate/losing battle to satiate "off the charts" global demand for physical gold bullion arising from the profligacy
of the American Empire's two previous Administrations and to prop up the failing U.S. Dollar.
Over the course of 2007 / 2008 — more than 5,000 metric tonnes of "Gold Compounds" have been exported from the United States of America
representing more than 62 % of reported sovereign U.S. gold reserves or about 24 times annual U.S. mine production.
5000 metric tonnes = 160 753 733 troy ounces [$128 billion+ at today's prices]
The fact that industry funded trade groups like the World Gold Council and other professional gold consultancies, who shall remain nameless, have not
reported these facts negates their credibility and illuminates them as dupes or willing shills. These fraudulent or ignorant organizations deserve to
be shuttered and disbanded.
U.S. Trade Data Is Bogus
The value of these bullion exports significantly "skew" the doctored U.S. Trade numbers [coincidentally, also prepared by the U.S. Census Bureau] in
an attempt to convey a picture that the U.S. financial position is improving.
The reality is this, when gold exports are backed-out, the U.S. Trade picture is decidedly worse.
The United States of America claims to possess a little more than 8,100 metric tonnes of sovereign gold stored principally at Fort Knox, Kentucky,
West Point, N.Y., the Denver Mint and The New York Fed. The sovereign U.S. gold reserve has not been independently audited since the 1950's during
the Eisenhower Administration. GATA's freedom of information requests are all about ensuring that the 8,100 metric tonnes of U.S. sovereign gold is
still owned by the U.S.
In April, 2008 the Federal Reserve responded to GATA's request, releasing hundreds of pages of worthless information with significant portions
redacted. They also claimed that they were withholding hundreds of additional pages of documents. The status of the withheld documents is currently
under appeal.
These stonewalling tactics — withholding details - are eerily similar to those employed by Messer's Bernanke, Paulson and Geithner refusing to
divulge frank details as to "who" the beneficial recipients were of TARP and TALF funds.
No credible audit of the Sovereign U.S. Gold Reserve will EVER be allowed — because the gold is simply not there.
Hope you have some.My reaction: US has exported 5000 metric tonnes of "gold compounds" over the last two years
1) 2,920 metric tonnes of "Gold Compounds" had been exported from the U.S. in 2008.
2) The U.S is only alleged to have stockpiles of sovereign gold of 8,100 metric tonnes while annual U.S. mine production of gold is roughly 228 metric
tonnes.
3) 2,920 metric tonnes is equal to 36% of all alleged sovereign U.S. gold stocks or more than 14 times annual U.S. gold mine production.
4) An individual for the USGS agreed that the data, as published, did not make logical sense and explained that the U.S. Census Bureau was questioned
as to the veracity of this particular line item in their data.
5) The U.S. Census Bureau is assigning an astronomically high value to these goods.
6) The values being reported would be more in line with these goods being gold bullion or equivalents.
7) foregoing data and discussion with the USGS individual is proof that the United States of America has surreptitiously exported physical gold - and
continues to do so.
8) Public acknowledgement of these gold exports would scream like a siren call that the global financial community has totally lost faith in American
financial stewardship
9) Over the course of 2007 / 2008 - more than 5,000 metric tonnes of "Gold Compounds" have been exported from the United States of America
representing more than 62 % of reported sovereign U.S. gold reserves or about 24 times annual U.S. mine production.
10) No credible audit of the Sovereign U.S. Gold Reserve will EVER be allowed - because the gold is simply not there.
U.S. Trade Data Is Bogus
1) The value of these bullion exports significantly "skew" the doctored U.S. Trade numbers
2) When gold exports are backed-out, the U.S. T rade picture is decidedly worse.
Conclusion: Until someone explains to me what these "gold compounds" were, I am going to assume that they were half the US gold reserves leaving the
country................peace there are some good talks going on there
www.zerohedge.com...