It is being reported by the Golden Jackass that Germany has demanded an immediate return of all its physical gold currently "held" by the United States. The problem is the U.S. might not have the gold to pay the Germans, because it has allegedly transferred the gold to third parties without permission.
Also, the United Arab Emirates wants its gold back from London, but London faces the same problem as the U.S. It doesn't have the gold. Time for Geithner to find a leprechaun or Queen E. to pawn some of her jewelry, because Germany and the U.A.E. have put out contracts for hire to get restitution. If true, then this will rival and surpass even the best Hollywood cloak & dagger flick.
Also, the United Arab Emirates wants its gold back from London, but London faces the same problem as the U.S. It doesn't have the gold. Time for Geithner to find a leprechaun or Queen E. to pawn some of her jewelry, because Germany and the U.A.E. have put out contracts for hire to get restitution. If true, then this will rival and surpass even the best Hollywood cloak & dagger flick.
The Germans have demanded that gold bullion held in US custodial accounts be returned to their owners, with physical gold shipped back to Germany. The Dubai bankers have demanded that gold bullion held in London custodial accounts be returned to their owners, with physical gold shipped back to the United Arab Emirates. They are following the hired German counsel. In all likelihood, neither US nor London sources are in possession of all the gold held in those custodial accounts, since at least some of it probably was improperly leased. By that is meant without owner permission or knowledge. So an uproar could come soon with charges of gold bullion theft, or at least failure of fiduciary responsibility. Theft is a simpler description.
Source: Goldseek.com
No comments:
Post a Comment