In the 1950s, Germany entrusted their gold to the U.S. government. A few years ago, Germany requested an audit of their gold that the USA was holding in an underground vault in New York. Said request was denied. How does one deny another access to that which belongs to said individual or entity? Germany, as expected did not receive the denial well and it quickly went downhill from there.
“…There are questions regarding the security of gold in the United States, including an inability to repatriate gold deposits on demand to Germany, and refusals to even let them view their own gold. If their gold is still being held in its original condition as promised, why are they not allowed to see it?”
What has our government been up to?
“… Hedge fund manager William Kaye created a stir recently when he said that ‘Germany won´t ever see its gold again’ because central banks ‘lent the gold to U.S. Banks such as Goldman Sachs and JP Morgan” to lower the price of gold….
… where is the rest of the gold held for foreign nations? The track record of the US returning gold to other sovereign nations is weak at best.
Now that The Land of the Free is losing its luster as an economic powerhouse, even other thieving governments are coming to the realization it can’t be trusted….”
It behooves me as to why any nation would entrust the new world government regime running the United States into the ground with their gold.
Suggested reading: Peter Schiff’s article U.S. Dollar Collapse: Where is Germany’s Gold? (02/05/2013)