Where is Germany's Gold?

This article is quite amazing.  It's not from the National Enquirer but instead is written for Bloomberg News.

The nations of the earth, not just Germany, are asking America to give their gold back.  Will there be enough to go around?  What happens if all the nations were just trusting that the NY FED had their gold...but in reality the sold it to someone else long ago?  That would end up being quite the Ponzi scheme!

As you read the article see if you can't spot a lot of the concepts we have blogged about over the past 7 years.

Peter Boehringer hates the word “conspiracy.” It implies something crazy, and if you spend even a little time with the 45-year-old German, it becomes clear he’s driven by a desire for order. On a recent morning in Munich, he’s dressed in a cobalt blue shirt that matches his blue tie and blue eyes. His black hair is cropped close above his receded hairline. In his gray Volkswagen minivan, the cup holder contains two identical water bottles, each filled to the same level. At the end of a daylong interview, for which Boehringer has arranged an hour-by-hour itinerary, he sends a follow-up e-mail with a numbered summation of points he’s made. No. 2 says that the crusade he’s been waging for the last three years is simply about transparency. “Questions,” he writes, “by definition cannot be ‘conspiracy theories.’ ”

Boehringer is a gold bug, a member of the impassioned tribe of investors and academics who distrust central banks and paper money, unless the governments that print it will exchange the cash for gold or silver from their vaults. He has an asset management firm that invests his own money and that of clients in gold, silver, and mining stocks, and he’s a founder of the nonprofit German Precious Metal Society, which educates the public about “the craziness of unbacked monetary systems,” he says. In short, Boehringer is worried that the global economy is built on a fiction of currencies that aren’t backed by precious metals. Which is why he set out to make sure the gold that Germany and other nations say they have actually exists.

Almost half of Germany’s gold resides at 33 Liberty St., the headquarters of the Federal Reserve Bank of New York, 80 feet below street level in a vault that sits on Manhattan’s bedrock. In 2012, Boehringer started a campaign on his blog to bring it home. He argued the gold should be shipped to the German central bank in Frankfurt. The hoard, amassed during Germany’s postwar boom, had never been subject to a published bar-by-bar physical review by its owners.

Less than 175,000 metric tons (386 million pounds) of gold have been mined in all human history, according to the World Gold Council. Melt it all down—King Tutankhamun’s death mask, the bars in Fort Knox, your wedding ring—and it would form a cube 21 meters on each side, reaching just one eighth the height of the Washington Monument. A 1-kilogram gold bar is the size of a flip phone and could buy a BMW.

Boehringer cites an anecdote from almost a century ago to argue that Germany has failed to zealously protect its gold holdings. In the 1920s the president of the German central bank, Hjalmar Schacht, paid a visit to the New York Fed and its founding president, Benjamin Strong. In an episode recounted in his 1955 autobiography, Schacht wrote, “Strong was proud to be able to show us the vaults which were situated in the deepest cellar of the building and remarked: ‘Now, Herr Schacht, you shall see where the Reichsbank gold is kept.’ ”

The two bankers waited as New York Fed staff sought the German stash. “At length we were told: ‘Mr. Strong, we can’t find the Reichsbank gold.’ ” Schacht comforted the flabbergasted Fed banker: “Never mind; I believe you when you say the gold is there. Even if it weren’t you are good for its replacement.” The men left without the German seeing his bars, instead accepting their existence as a matter of trust.

“Some things didn’t add up,” he says, especially the trust-based monetary system. “I saw how destructive paper money could become.” Concluding that precious metals were a reliable store of wealth, he became a gold evangelist, blogging and starting his money-management business in 2003. Three years later he founded the German Precious Metal Society, which organizes conferences and speeches on topics such as gold price manipulation and trends in gold demand in Asia. It was through his activism that the Taxpayers Association of Europe found Boehringer, and they started their campaign.

Boehringer speculates that individual bars may have several owners, perhaps as the result of bars being leased, sold, or subject to complicated financial arrangements. “I can’t prove it,” he adds, saying the onus of proof should be on the central bankers, not him. He isn’t alone in raising doubts. John Hathaway, co-manager of the $1.3 billion Tocqueville Gold Fund, says Germany might need the slow, seven-year repatriation window to unwind complex financial arrangements by which the gold was loaned out, perhaps several times. Their questions about multiple owners aren’t completely out of left field, as there is a loan market in which gold bars are put up as collateral and then sold to third parties for the duration of the deals.

See it all here;  http://www.bloomberg.com/news/features/2015-02-05/germany-s-gold-repatriation-activist-peter-boehringer-gets-results

Let's review;
-paper money ALWAYS fails
-the same gold bars might be owned by multiple people but no one knows it
-America has ruled the world for 70 yrs because we have had the gold
-Germany collapsed once before because of misuse of paper money
-Something isn't adding up in our global financial system.
-It all seems based on trust, which can be a hard commodity to measure
-The nations of the world are increasingly interested in taking their gold back home
-We aren't sure that The Fed in NY actually has the gold they claim to have held for other nations
-The Bible says that the world's financial system is going to suddenly collapse in Last Days
-If the nations realize that The Emperor Has No Clothes...the trust could vanish overnight.
-the derivatives markets around the world may unravel if nations take back their gold
-the derivatives markets could be worth $50-100 trillion and would tank the world if they fail
-most of the world has put their hope in wealth and riches as their false god
-God will destroy all false gods

Friends, this article COULD be pointing to another trigger that COULD collapse the entire global financial system as we know it.

On the face of the earth, there is less than 1/10,000ths of humans that are going to read this article.

Of those there is going to be an even smaller amount that are going to understand that it could be a trigger to collapse.

It keeps leading me back to what Jesus said, "Wide is the road that leads to destruction and MANY will be on it.  Narrow is the path that leads to eternal life and FEW will find it."

Also, "But the cares of this world and the desire for riches made it so they never matured.' (in their Christian faith)

Now throw in the millions of "Christians" who have succumbed to Wealth and Prosperity Preachers...and you have the recipe for a SERIOUS problem in the land.

"Why God?!?  Why did you take all of our money!  Don't you realize we were comfortable, lazy, apathetic and complacent...and we liked it like that??  WHYYYYYY!!!!"