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Thread: Gold

  1. #1

    Gold

    Germany is repatriating its gold reserves from the New York Federal Reserve. This decision has created a frenzy in the gold market. But that is just the tip of the iceberg.

    According to the NY Fed, there are (2012) approximately 530,000 gold bars, with a combined weight of circa 6,700 metric tonnes stashed away in the Fed's Lower Manhattan vaults.

    These are official figures which are impossible to verify.

    The gold is stored in the fifth sub-floor of the New York Fed building on Liberty Street. The vaults on the bedrock of Manhattan Island are located 80 feet below street level.

    Each of the 530,000 gold bars weighs 400 troy ounces, or about 12.44kg.

    At today's market value of approximately US$1700 dollars a troy ounce, the New York Fed has within its vaults a multi-billion dollar treasure trove.

    The 400-ounce gold bar is quoted at $677,640.

    A 1kg gold bar is quoted at about $55,000. (purchase price)

    Each metric tonne of gold is worth approximately $55 million.

    The total value of the New York Federal Reserve's gold bullion trove of 6700 tonnes is a staggering $368.5 billion.

    But according to the New York Federal Reserve: "We do not own the gold. We are mere custodians."

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    According to the NY Federal Reserve:

    “Much of the gold in the vault arrived during and after World War II as many countries wanted to store their gold reserves in a safe location. Holdings in the gold vault continued to increase and peaked in 1973, shortly after the United States suspended convertibility of dollars into gold for foreign governments.”

    http://rt.com/news/gold-manhattan-new-york-594/

    The reaction on the part of the US was to cut the tie between the dollar and convertibility. This again raises the question of does the USA have fungible gold to the degree that is claimed without 3rd party audits or any viewing publicly whatsoever.

    According to the Fed, there are 122 separate gold accounts mainly held by the central banks of foreign countries, as well as a few organizations including the International Monetary Fund.

    Most of the 122 accounts are held by the central banks of sovereign countries, which in addition to their gold accounts have statutory agreements with the NY Federal Reserve.

    Instead of gold bullion, national central banks (with the exception of the US) hold US dollar paper instruments as ‘reserves’. Gold reserves under national jurisdiction are central to establishing sovereignty in monetary policy, without depending on the Federal Reserve which holds a nation's gold bullion in safe-keeping in its Lower Manhattan vault.

    Follow the example of Germany. Repatriate your gold.
    Last edited by Chex; 01-23-13 at 08:52 PM.

  2. #2
    "Your gold" in someone's vault not your own isn't your gold .

  3. #3
    Senior Member Michael Joseph's Avatar
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    Quote Originally Posted by shikamaru View Post
    "Your gold" in someone's vault not your own isn't your gold .
    Now that is right on the money. Recently a lady friend of mine transferred her property into Trust. She appointed a Trustee and said Trustee accepted the office. Later when the County required an easement for a waterline she actually was surprised that she did not own the property but the Trustee was the Owner!
    The blessing is in the hand of the doer. Faith absent deeds is dead.

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  4. #4
    Quote Originally Posted by Michael Joseph View Post
    Now that is right on the money. Recently a lady friend of mine transferred her property into Trust. She appointed a Trustee and said Trustee accepted the office. Later when the County required an easement for a waterline she actually was surprised that she did not own the property but the Trustee was the Owner!
    So much for people reading up on the Law of Trusts .....

  5. #5
    Quote Originally Posted by shikamaru View Post
    So much for people reading up on the Law of Trusts .....
    Even a trust could not have stopped this and we are talking about meters here

    Naperville Smart Meter Awareness president Malia "Kim" Bendis and group board member Jennifer Stahl were arrested Wednesday during a city smart meter installation.



    Stahl was charged with interfering with an officer and preventing access to customer’s premises, both are city ordinance charges, according to the city of Naperville.

    http://naperville.patch.com/articles...ember-arrested

    At Jenn Stahl’s home in Naperville, officers were forced to cut open a lock on her back gate to allow crews to get in to access her meter, when she refused to open the gate herself.

    LISTEN to what the cop said: A trust could not stop the install. Right or Wrong?

    http://chicago.cbslocal.com/2013/01/...-smart-meters/

    "The farther backward you can look, the farther forward you will see."

    Now what?
    Last edited by Chex; 01-24-13 at 03:23 AM.

  6. #6
    These matters always begin with a NOTICE. A proper response to their NOTICE with a NOTICE of your own puts you in the position towards preventing such events as above. Refusal For Cause, Conditional Acceptance and Negative Averment are some examples.
    These notices posted here http://www.notacitizen.com/index.php...mple-documents have been used quite effectively too.

  7. #7
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    Quote Originally Posted by Chex View Post
    Even a trust could not have stopped this and we are talking about meters here

    Naperville Smart Meter Awareness president Malia "Kim" Bendis and group board member Jennifer Stahl were arrested Wednesday during a city smart meter installation.



    Stahl was charged with interfering with an officer and preventing access to customer’s premises, both are city ordinance charges, according to the city of Naperville.

    http://naperville.patch.com/articles...ember-arrested

    At Jenn Stahl’s home in Naperville, officers were forced to cut open a lock on her back gate to allow crews to get in to access her meter, when she refused to open the gate herself.

    LISTEN to what the cop said: A trust could not stop the install. Right or Wrong?

    http://chicago.cbslocal.com/2013/01/...-smart-meters/

    "The farther backward you can look, the farther forward you will see."

    Now what?
    When you sign a contract with the service provider for electricity, most persons WAIVE rights to privacy and right of way into the property. All the equipment used to provide electricity to the home is the property of the company.

    This person clearly does not know contract law nor how to control her own endorsements on said contracts. Trusts are another matter entirely.

    Also, as EZ pointed out, she was served NOTICE and that was her chance to stop the amendment to the contract. Notice is nearly always given in such matters and nearly never properly refused for cause once given.

  8. #8
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    And on topic with the thread, Germany has a sizable military and is very key in the NATO alliance, those 2 factors are more viable than trust law and who owns the vault where the gold is stored.

    This will be handled accordingly.

  9. #9
    Thank you martin earl. I have a question for you since your background relates to this.

    If you were the officer in that clip what would have stopped you from entering my property being that my proper response to their NOTICE with a NOTICE of my own that I refuse to sign that contract with the service provider for electricity is filed to stop that installation?

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