Big drop in central bank gold selling plans as Fed & BoE accelerate money printing

August 7th, 2009 by stacyherbert

Stacy Summary:  The European central bank agreement on gold represents a significant drop in the amount of gold they will be offloading in the next five years.   That the IMF’s 400 tons is included indicates there is even less that they are allowed, or willing, to sell.  It will be very interesting to watch the four years after the IMF sells.  With the Fed buying its own debt, the Bank of England buying £50 billion more of its own debt . . . why on earth any nation would want to get rid of their gold right now . . .

Update:

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69 responses so far ↓

  • aNewEraBegins
    Aug 7, 2009 at 10:34 am

    This is just like what Max and Stacy have been saying for years….

    It’s the Savers vs. Speculators…..

    http://www.youtube.com/watch?v=n7gDgLScQmU

  • Phil
    Aug 7, 2009 at 10:38 am

    Did you make that video ? … really good !
    ( same ID , so well done if it “is” you , which I presume )

  • gonzomarx
    Aug 7, 2009 at 11:10 am

    following up something sharon posted earlier

    Iran dismisses claims about $18.5 billion container load
    http://tinyurl.com/m7k5da

    Dr. Manouchehr Ganji to PM Erdogan: Come Clean on the $18.5 Billion U. S. transferred to Turkey from Iran http://tinyurl.com/nkg7rg

    Is Bandar somehow tied up with this the reason he’s under house arrest? if indeed he is.
    anyone know more?

  • aNewEraBegins
    Aug 7, 2009 at 11:20 am

    Hey Phil…..

    Yea I made that video. I’ve been making one a day and I plan on continuing at that pace. I haven’t heard anything from Max and Stacy yet…. :(

    I’ve kept quiet for far too long. I just finished a book and am currently deciding between publishers. It’s non-fiction set in a fictional environment…. a lot of times that makes the truth more palatable to the reader. The book deals with a lot of the topics here.

    My over-arching mission is this: to wake people up!

    Thanks for the vote of confidence Phil…. you have no idea how much that means. I think that a lot of Keiser fans all live on their own little lonely islands. At least we have the internet.

    RISE UP

    Here’s my site if you care to watch more of my videos…..

    http://www.youtube.com/user/aNewEraBegins

    Maybe Max and Stacy could post some on this site???? :)

  • Tony
    Aug 7, 2009 at 11:33 am

    It’s kind of funny that Naked Capitalism admits that it doesn’t know all that much about bond auctions but still thinks it’s pretty clear that Zero Hedge & Chris M are acting stupidly…

  • stacyherbert
    Aug 7, 2009 at 11:35 am

    @tony – I thought the same thing

  • gonzomarx
    Aug 7, 2009 at 11:55 am

    here’s the report from Turkey’s independent “Kanal D”
    http://tinyurl.com/ksowv6

    anyone speak Turkish?
    there seems to be some confusion over the amount seized 18.5 Billion total or $7.5 billion in cash and 20 metric tons of gold!! although the gold amount is consent in the reports.

    now been officially denied
    Cash, Gold Report Denied http://tinyurl.com/n3qtl7

    another take on this increasingly strange story and adds a weirder element of biblical prophesy/coups/gold
    Russia “Shocked” Over $18 Billion Iran Payment To Obama After Failed US-Backed Saudi Coup
    http://tinyurl.com/lbt8kk

    this take is so twisted, jangled and contradictory it just needs Gila monsters and a goldman sachs non denial denial to be perfect

  • frances snoot
    Aug 7, 2009 at 12:13 pm

    @Stacy:
    Do you have any input on the debt jubilee idea? Might make an interesting topic to post. It seems our only salvation.

  • Youri Carma
    Aug 7, 2009 at 12:27 pm

    Top SocGen executive Jérôme Kerviel resigns after financial market watchdog starts investigation http://tinyurl.com/nabpg8

  • stacyherbert
    Aug 7, 2009 at 1:18 pm

    @gonzomarx – it seems there are lots of stories these days of people crossing borders with nation sized quantities of loot

  • stacyherbert
    Aug 7, 2009 at 1:19 pm

    @Phil – NY is where dollars are printed, they have way more power . . . at the moment; until the dollar collapses I suppose

  • stacyherbert
    Aug 7, 2009 at 1:21 pm

    @Fibon11235 – “So long folks”? You going somewhere??

  • stacyherbert
    Aug 7, 2009 at 1:23 pm

    @frances snoot – “free market pirate with a heart” – that’s a nice way to put it!

  • gonzomarx
    Aug 7, 2009 at 2:28 pm

    @stacy people don’t seem to trust the banks to wire it… and would like it in “gold and cash please”

  • Giuseppe Bagodonutti
    Aug 7, 2009 at 8:42 pm

    RE: Fibon112358 13 21 34 55 89′s cryptic post

    This dog is lying low as the lions begin to fight, and thanks for FOFOA and you know who, who may or may not see this and will understand.

    http://fofoa.blogspot.com/
    Aug 3rd 2009

  • Giuseppe Bagodonutti
    Aug 7, 2009 at 9:15 pm

    From to FOFOA blog AUG 3rd 2009

    (supposedly a quote from Catherine Austin Fitts)


    What we’re advising people to do is essentially withdraw from a rigged game. And so don’t invest in large corporations and large government securities. But rather, practice financial intimacy which is investing in who and what you know. So the reality is that this game is not to the advantage of the small investor, and the question is how can we switch out of it, and start investing in things where we can have confidence in either the ethical nature of the company and the products and services, or the ethical nature of the market in which we are participating?

    Now, even though FOFOA seems to cast a disparaging light on this advice, I find it adequate and accurate to the condition of the Canadian Markets at the moment.

    This is the way I “Welfare Trade”
    Does that make me an evil speculator?
    I choose to manage what little savings I have instead of letting deleterious twats behind the bank counters, calling themselves Financial Advisers, do it for me…
    So long as I have 48 hours of foresight before a collapse, I can pull my “fiat” out and exchange it for gold…

    So in essence, I ask, is MY PLAN in danger?
    Will the signs be apparent enough to avoid the trap?
    or will this shit happen overnight while China sleeps?

    Bank Holidays and Bread Lines…
    How fast can it happen?
    Is there any precedence?

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