Germany Wants Its Gold Back From The Federal Reserve In New York

Originally posted by Trapjaw
Can someone do some quick math? I'm driving currently for my job, but what does 150 tons of gold work out to in USA or Canadian dollars?

Easy.

Zero.

It was disposed of decades ago.

Or is that Fort Knox thing really just a myth?

reply to post by ManBehindTheMask


... you want to hope there's not a historical repeat of President Franklin D. Roosevelt's confiscation Executive Order 6102 signed on April 5, 1933
... anything is possible in this climate of legalized theft en mass, considering the contempt shown for citizens wealth and freedoms by Financial Institutions, Private Corporations and Govt departments. It appears they have each other's interests in mind as opposed to the pawn/citizen whose quality of life and future is constantly being sacrificed.

Originally posted by LexiconV
reply to post by ManBehindTheMask

 

... you want to hope there's not a historical repeat of President Franklin D. Roosevelt's confiscation Executive Order 6102 signed on April 5, 1933
... anything is possible in this climate of legalized theft en mass, considering the contempt shown for citizens wealth and freedoms by Financial Institutions, Private Corporations and Govt departments. It appears they have each other's interests in mind as opposed to the pawn/citizen whose quality of life and future is constantly being sacrificed.

Thats exactly why I bought the coins the way I did as pieces of history and not just bullion etc

The article I read a month ago on this says they will be drilling into the bars to see if they are tungsten or real gold, and they will lose like 10 grams of gold for each bar they process, which was weird cause I have drilled things before and don't remember anything disappearing, LOL. It usually ends up on the floor or around drill, unless they have to use supersonic speeds or something or high heat? Another weird thing, I know gold is heavy but why 50 tons over 3 years, if they are being audited, wouldn't they need to get it all in one shot evaluate it and then do w/e with the gold? And if it has to do with cost of transportation, couldn't they send German evaluators here and do the drilling right on site?

either way something seemed odd about the article and the whole story.

reply to post by Cynic


5.1 billion dollars and change

lowest amount as well

reply to post by guitarplayer


Can you eat gold? When conditions hit the biblical levels food will be worth more than gold. You can have all the gold in the world and still starve to death.

are you kidding me of course you can!!!

G O L D S C H L A G E R BOOOYAH!

What if the US doesn't have the gold at all but "misappropriated" it. ( stole it)

Whats Germany going to do then? WW III ? They would have that right and I dare one American citizen to defend us in that war. We should all point the Germans to the White House and the Federal Reserve.

Would you fight in a war when you knew we were clearly in the wrong? I honestly don't think anyone here is either honest enough or stupid enough to answer that question with a Yes.

Originally posted by TheSparrowSings

Originally posted by tombangelta
i find it sad that in the year 2012 even though money is not based on gold we still consider this metal valuable just because its shiny

It has a heck of a lot more value than the paper monopoly money that we are told is ``real`` currency. Don`t you agree...

edit on 23/10/2012 by TheSparrowSings because: (no reason given)

Please explain how the worth of gold and the worth of paper money is anything but subjective? Nothing has any value other than the imagined worth placed upon it by free-willed matter. You believe gold is valuable because you believe it is valuable. It is literally that simple.

Originally posted by Dystopiaphiliac
Please explain how the worth of gold and the worth of paper money is anything but subjective? Nothing has any value other than the imagined worth placed upon it by free-willed matter. You believe gold is valuable because you believe it is valuable. It is literally that simple.

Yes, I agree with you on that. I personally feel that something like gold (which has more physical use than monopoly money) is at-least a form of commodity, which makes it more valuable to me. But it is still just material. Someone could come out tomorrow with a pine cone currency and they would still just be pine cones. It is all relative to our belief in its value.

reply to post by tombangelta


It's not because it's shiny.

It's because it is valued by other entities, non-human entities, who supposedly created Humans solely to mine this metal out of the ground because the beings they were using rose up and fought back.

That's what the ancient babylonian tales suggest, and that's why it seems to be of so much value.

I've always wondered if they'll eventually return to collect everything we've mined out of the ground for them, if the tales are indeed not fiction.

reply to post by JohnPhoenix


What if it was Nazi gold stolen from Jews in www, what if israel wants it back, then what israel nuke Germany? What a twist that would be, huh? lol

I think that would be awesome cause they would get utterly owned haha but what eva


Going to war over 51 billion. i don't think so though in either scenario

Well, I have read over time many "supposed" uses and/or properties of gold. I'll just spit 'em out here and,,, well you know where goog!e is.

1 electricity passing thru gold does not lose power over distance.
2 nuclear fuel needs gold for lining the vessel carrying it.
3 monoatomic gold heated or electrified makes the vessel it is in lighter than the vessel,,, as in levitation (the blocks of the pyramids were set this way)
4 the annunaki need gold and left some reptilian/humans or sum chit' in charge on this World to mine gold and they are comin' back through this area to make a pickup.

so,,, I have no clue

Germany has no gold mines in there country.

The US has mined less then 1/10 of 1% that is economically mineable in the US

Even if Fort Knox still has alll the gold that the government claims is stored there its only a very small amount in comparison to the mineable gold still in the ground in the US

Originally posted by Trapjaw
Can someone do some quick math? I'm driving currently for my job, but what does 150 tons of gold work out to in USA or Canadian dollars?

6.5 billon

Originally posted by tombangelta
i find it sad that in the year 2012 even though money is not based on gold we still consider this metal valuable just because its shiny

I strongly agree with this statement. It must be a sick joke that in this day and age anybody finds value in a cluster of atoms purely because of its reflective properties. Human beings are smarter than that. The value of gold today is based upon people's willful ignorance.

Originally posted by Dystopiaphiliac
I strongly agree with this statement. It must be a sick joke that in this day and age anybody finds value in a cluster of atoms purely because of its reflective properties. Human beings are smarter than that. The value of gold today is based upon people's willful ignorance.

Hmmm shinny.......wait a minute.... SQUIRREL!!

Originally posted by TheSparrowSings

Yes, I agree with you on that. I personally feel that something like gold (which has more physical use than monopoly money) is at-least a form of commodity, which makes it more valuable to me. But it is still just material. Someone could come out tomorrow with a pine cone currency and they would still just be pine cones. It is all relative to our belief in its value.

edit on 23/10/2012 by TheSparrowSings because: (no reason given)

That's a more rational way of explaining how gold would hold more value than paper currency, but then at the same time I would find paper money to be more valuable because of its ease of transportation. I suppose as far as fiat currency goes there are an infinite number of reasons why one could be better than the other.

The "value" placed on gold is NOT purely because of subjective appreciation for it's "shiny" qualities.
Gold is also highly prized for it's metallic and electrical properties ... properties in great demand in today's high technology world.

But possibly more to the point, gold is valued because it is a LIMITED and therefore very scarce resource. The amount of gold on the planet is FINITE and has not changed significantly since the Earth formed 4+ billion years ago. There is only just so much gold in the ground and once it has been all dug up ... that's it .. the end ... NO MORE gold to be had EVER ... that is until we can mine off planet one day.

Suspect the only thing the Germans will find in the NY Federal Reserve Building is a printing press.

reply to post by tombangelta


Shine and not so common. In my opinion a system based on real gold makes way more sense than a system based on speculative businesses and paper.