Dutch take away gold from the Fed

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   http://www.zerohedge.com/news/2014-11-23/real-reason-why-netherlands-repatriated-its-gold
In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam. Officially a move made to rebalance the locations where the gold is being stored, one cannot ignore the fact that the Netherlands only repatriated a large part of the gold which was stored in New York and it did not touch the gold stored in Canada and London.

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Dutch Josh Members Profile Send Private Message Find Members Posts Add to Buddy List Adviser Group Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 95387	Post Options Post Reply Quote Dutch Josh Report Post Thanks(0) Quote Reply Topic: Dutch take away gold from the Fed Posted: November 24 2014 at 2:57am
	http://www.zerohedge.com/news/2014-11-23/real-reason-why-netherlands-repatriated-its-gold In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam. Officially a move made to rebalance the locations where the gold is being stored, one cannot ignore the fact that the Netherlands only repatriated a large part of the gold which was stored in New York and it did not touch the gold stored in Canada and London.
	We cannot solve our problems with the same thinking we used when we created them. ~Albert Einstein

Dutch Josh Members Profile Send Private Message Find Members Posts Add to Buddy List Adviser Group Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 95387	Post Options Post Reply Quote Dutch Josh Report Post Thanks(0) Quote Reply Posted: November 24 2014 at 3:01am
	In reactions on this article speculations on why the US allowed the Dutch to reduce gold in the US from 51% to 31% while Germany was stopped from doing so. The MH17-crime by the Kiev-regime in the Ukrain is seen as an explanation. The Dutch can take (some of) their gold if they follow the US/NATO propaganda on the MH17 story. I think if there is some truth in that story the Dutch might want to "transfer" all of the gold out of the US.
	We cannot solve our problems with the same thinking we used when we created them. ~Albert Einstein

ASB Members Profile Send Private Message Find Members Posts Add to Buddy List V.I.P. Member Joined: October 16 2014 Location: United States Status: Offline Points: 690	Post Options Post Reply Quote ASB Report Post Thanks(0) Quote Reply Posted: November 24 2014 at 9:04pm
	Following the gold markets is kind of a hobby of mine. I am by no means an expert but I have picked up a little knowledge along the way. Why do countries have gold at all? And it wasn't all that long ago that the U.S. Fed was saying that gold is not even money. Well gold is money and the reason central banks use it is as a way to back up paper money which well we all know sometimes is not worth the paper it is written on. So let's suppose that you are a country and you use paper money. You never want people to stop having faith in your money so you own gold. Your ownership of gold lets people believe that they can always trade in your paper for gold. Nevermind that you don't own anywhere near enough gold for this to ever happen. But you do own enough to trade in just a small amount of your paper for gold for the people who really matter - other central banks, or the rich and connected. If your paper starts to tank you can begin some public relations campaigns to convince people that it will be backed by gold. So if your paper tanks you convince the masses that it still has value while you pay off a select few with gold. If the people you are paying off are in your own country then you want your gold to be in your own country. On the other hand if the people you are paying off are in another country then you want your gold to be in that other country. We can assume that the Netherlands wants their gold at home for PR and because some connected people in the Netherlands have worries. Germany may have wanted their gold at home for the same reason - however people in the U.S were worried too. Worried enough that they did not want that gold going back to Germany. Let's not forget the rumor that the gold is not really sitting in the vaults and therefore can't be shipped back. Overall what this tells us is that all the paper in the world is starting to make some people worried. It's not like just about every country is now engaged in QE of some sorts.

Dutch Josh Members Profile Send Private Message Find Members Posts Add to Buddy List Adviser Group Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 95387	Post Options Post Reply Quote Dutch Josh Report Post Thanks(0) Quote Reply Posted: November 24 2014 at 11:18pm
	There have been speculations about the collapse of the US$ or the Euro €. In fact in 2012 the Dutch government had plans to reintroduce the Guilder/Gulden/florin if the Euro would fail. Germany had also plans to reintroduce the German DeutschMark. Both plans became public last week. Due to QE there is not enough gold or other "real"value to back up for Euro, US$ or Yen. Trust in the economy is the basis of money. China and Russia are buying gold, China is also stockpiling (cheap) oil. South Korea is investing in Chinese currency, while the Chinese "rich upper class" are investing in real estate in "the west". QE has been far overstretched in the US, EU and Japan-it is not working. Real measures require strong governments that are willing "to correct the market" like Russia and China has. On Dutch TV there was a programm about a sea-ice free North Pole and the chances that was giving to countries like Iceland, Greenland. Russia and China are investing there. From East Asia to Europe via the Polar Sea is 2/3 of the way compared to the seaway via the Suez-canal. A bussinessmen in Iceland was claiming that Russia and China have a long term vision. The EU/US change policy every election. I believe that a good democracy can combine with a long term vision. But that at present the west is not doing very well.
	We cannot solve our problems with the same thinking we used when we created them. ~Albert Einstein