AUSTRIA’S GOLD STILL NOT DELIVERED

Some time ago, during the "gold repatriation" craze of a few years ago, I noted that Austria was one of those countries seeking to repatriate its gold from major western central banks, in this case, the Old Lady of Threadneedle Street, a.k.a. the Bank of England.

You might recall that similar stories began to percolate when then-president of Venezuela Hugo Chavez demanded the repatriation of Venezuela's gold, and the Bank of England (and other western central banks) refused on the grounds that they disagreed with Mr. Chavez's regime. Germany quickly followed, attempting to repatriate large quantities of its gold reserves from the New York Fed, the French central bank, and - yes - the Bank of England. While some of that gold was supposedly delivered, audit and assay issues have plagued the so-called repatriation and not all Germans following the story are convinced that the deliveries to the Bundesbank are entirely "kosher". After Germany, people in the Netherlands and in Austria also began lobbying for repatriation of those nations' reserves.  During this period, China and Russia were buying gold like crazy, and stories began to emerge of fraudulent deliveries of gold in China and - for those who remember - Canada, where the deliveries were also tied to the approbation of the Royal Canadian Mint.  In many cases of these fraudulent deliveries, the gold was simply wrapping a center of tungsten. Additionally, in China, loans of billions of dollars were supposedly collateralized with gold, which - again - turned out to be fraudulent.

On and on we could go.

The question is why all this happened? One could speculate on a variety of reasons, but I want to focus on the refusal to deliver Venezuela's gold simply because the banksters did not like Mr. Chavez's regime. Granted, there was (and is) a great deal not to like about it, but since when were gold deliveries refused on the basis of not liking a particular regime? But now thanks to this article shared by P.V., we learn that apparently Austria's gold delivery is (or rather, was) delayed, and has been so since 2015:

Austrian Monetary Gold Transfer from London to Switzerland—Planned in 2015—Still Hasn't Arrived

As the article's author, Jan Nieuwenhuijs observes, there was a very deliberate gold storage plan implemented by the Austrian Central Bank:

A plan conceived by the Austrian central bank in 2015 to move 50 tonnes of their monetary gold from London to Switzerland has not been realized seven years later. Here is an introduction to what could possibly have happened.

...

Soon after the Austrian central bank announced a new storage concept. Contracts with external depositories would be reviewed and amended, 90 tonnes stored at BOE would be repatriated, and 50 tonnes would be transferred from London to Switzerland. Within five years (by 2020) the new storage concept should have been completed.

It’s very likely that up until today none of the gold that was planned to be transferred from London to Switzerland has arrived. Somewhere after January 2022, the graph above disappeared from OeNB’s website. Now the webpage reads:

The relocation [from London to Switzerland] has been postponed until organizational and logistical obstacles have been resolved.

In an email OeNB wrote me:

We can confirm that the relocation has been postponed. However, we are not allowed to disclose any details in order to comply with contractual obligations to keep business secrets of external partners involved.

 

You'll note that that according to these charts, the net effect of Austria's policy was three fold: (1) to dramatically reduce the amount of its gold stored in Great Britain, and (2) to increase the amounts stored in (a) Switzerland and (b) Austria itself. 

At this juncture, the article discloses a rather astonishing thing, namely, that at some juncture the Austrian central bank knew that the gold delivery would not take place as scheduled:

For a fact OeNB knew the transfer would be delayed long before 2022. In OeNB’s Annual Report 2015 the original plan is shown: 90 tonnes would be repatriated from BOE and 50 tonnes would be transferred from the U.K. to Switzerland by 2020 (to store 50% in Austria, 30% in the U.K., and 20% in Switzerland). The same deadline was disclosed in the OeNB’s Annual Report 2016.

From OeNB’s Annual Report 2015, published in April 2016.

The original plan was first adapted in OeNB’s Annual Report 2017. The deadline was dropped and replaced by: “New gold storage policy.” Meanwhile zero gold had arrived in Switzerland by then. Still 3% was stored in Switzerland, the same as prior to the new gold storage concept.

So in other words, there is some "missing" gold. Here Mr. Neiuwenhuijs suspends his story, indicating he is parceling out the information over several installments.

But he dangles an interesting carrot, one which I just can't help to elaborate in a bit of high octane speculation. Most readers of this website and of my books know that I have argued over time and in various books, presentations, interviews, and blogs, that there is a large and all but hidden or secret financial system in the world, and that gold is at the heart of it. I won't elaborate on this hypothesis again here, but simply want to remind people of it. At the heart of this system, I have argued, is the existence of a secret gold reserve consisting of the recovery of gold looted by the Imperial Japanese military from Asia during World War Two, and much of it secreted in the Philippines. This gold reserve was, in part, recovered by American authorities secretly, and used as a slush fund for covert operations and secret research black projects. As a hidden reserve, it was a literal gold mine to banksters, for it allowed them to rehypothecate that secret reserve over and over again.

Which brings me to my high octane speculation of today: what if we're looking at a "gold float"? Mr Neieuwenhuijs ends his article with this tantalizing observation:

What could possibly have happened in between May 2017 and May 2018 that made OeNB have to wait for more than six years to move its gold from London to Switzerland?

Due to the complexity of this investigation, I have decided to publish my analysis in multiple parts—at least three as I see it now. In forthcoming articles, we will zoom in on the role of BOE, the Bank for International Settlements (BIS), and the vaults of the Swiss central bank—where the gold was supposed to be by now. (Emphasis added)

Needless to say, when someone mentions the Bank of International Sleaze in connection to some missing, or slowly delivered, gold, I tend to take notice, and as of this moment - while there may be many possible and plausible explanations - I want to talk about what I'm calling a "gold float".  So,  let's talk about the kind of float most people are familiar with: checks. We all remember the good old days when one had to wait a couple of days for a check deposited in an account to "clear", and for the funds represented by the check to become available to the account holder or depositor. But during this time, those funds existed in a kind of accounting limbo, being (really) neither in the writer of the check's account, nor in the depositor's account. It's this "accounting limbo", where the money is literally "floating" between accounts, that banks often would use that money for their own profit, before depositing it in an account. That, while over-simplified, is the float.

Now imagine the same procedure being done not with a check, but with a gold delivery. The sheer physical difficulty of moving and then storing tons of gold will mean, for one thing, that the period from the withdrawal of gold on one account, to its deposit in another, will be much longer. During this period, all sorts of paper is generated, which paper can itself be traded as financial instruments, as the gold exists in the limbo. Additionally, as was seen in the case of the repatriation of the German gold, assaying must be done at both ends of the transaction, to insure the delivery is of assay purity. All of this complicates the process, and extends the time of the float from a couple of seconds (in the case of an electronic transaction), or a couple of days (in the case of a paper check), to perhaps several weeks, or, as we learn from this article, several years.

Time will tell, of course, whether my speculation is correct in this specific instance. But even if it is not, the principle (or perhaps I should say, in this context, the principal) remains, and if I can think of it, rest assured, "they" can too.

What's new about this very old idea? Well, to put it country simple, the extended amount of time of the float, if, indeed, that is what has happened....

See you on the flip side...

 

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

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  1. eddyminimum on June 12, 2022 at 3:45 pm

    This article from a few days ago – Gold refineries to be established in Saudi Arabia soon
    https://www.argaam.com/en/article/articledetail/id/1565773

    This seemed potentially relevant. Interesting anyway. Saudi mines gold, but how much? Apparently the current practice is processing the ore and sending to Switzerland for refining. Seems that would make economic sense if the output is small or inconsistent. I guess there could be several possible reasons to refine in-country.

    Increased gold mining during the upcoming gold bull market?
    In-country assaying for verification of incoming gold?
    Re-casting existing bars to be consistent with Asia (Shanghai Gold Exchange)?
    Re-casting existing bars to eliminate origin?

    • FiatLux on June 13, 2022 at 11:51 pm

      Giving China an option for gold refining outside the West?

  2. Robert Barricklow on June 12, 2022 at 12:02 pm

    Where did all this “gold” as the standard economic measure start?
    Was there a connection to extraterrestrials stopping by Earth; long ago, to load up on gold.
    Even, to the point; of designing slaves, to mine the gold?
    For that matter, did that trade[?] ever really stop?
    “Money” has had numerous vehicles; yet, gold has maintained a presence that may bely a hidden agreement/hand, and hence; a hidden system of finance?
    In other words, gold is simply not gold; it has a intrinsic value related to space?
    Travel? A different form of gold? Perhaps monatomic? Perhaps an ingredient that has various uses in other space recipes? In their 3-D printing, or Star Trek Replicator?

    So, has some of that gold gone off world?

    But the fly in the ointment is: why not just “replicate” it?
    Is there some dimensional aspect of gold, that makes it unique in the universe?
    Or, is gold; a false-narrative rabbit hole, more again to a space fool’s gold?
    A tale spun from a truth; twisted by time, into fairy tale spell[ing]/Rumpelstiltskin?

  3. anakephalaiosis on June 12, 2022 at 1:53 am

    Economy basically means household, from Greek term “oikos”, and “repatriation of gold” is what happens, when you approach Jerusalem on a donkey, and they throw palm branches before you, in endorsement.

    This type of “homecoming” is becoming focal point of the morphogenetic field – as a novelty – when one’s soul becomes folk soul. In theatrics, that is John Doe on a donkey.

    Herod the puppet is an attempt to harvest this phenomenon, by those souffleurs, who can’t access alchemy on that level. The devils want to pickpocket a golden crown.

    When the siren can’t have the crown, she tries to kill the pirate, in jealousy.

  4. FiatLux on June 11, 2022 at 2:55 am

    I think the withholding of gold is, in part, about power politics and economic warfare.

    This story reminded me of something I’ve heard from French non-mainstream financial analysts since the Ukraine/Russia debacle started and the president of the European Commission decided — unilaterally and with no legal justification, it is said — to seize the EU-located assets of Russians. The point they make is: What non-Western country is going to invest in EU countries when their assets (bank accounts, real estate, factories, etc.) can be arbitrarily seized overnight, with no due process?

    What’s the connection with gold? Well… it seems to me the refusal of Western central banks to deliver other people’s gold could create an opportunity for Western adversaries, who could step in and offer a safe place for countries to store their gold. Imagine a country like, say, Russia deciding to offer gold storage for other countries and then actually delivering the physical gold when the owner asks for it. Or imagine, say, China issuing a currency convertible in gold, then actually delivering gold when somebody presents their Chinese currency for exchange. Talk about economic warfare!

  5. DanaThomas on June 11, 2022 at 1:47 am

    Austria does not have much leveraging power in any negotiations, being in essence a fief of Germany. And Germany is now in a sort of no man’s land, and may have to wait for the final collapse of Natostan.
    And by the way, what happened to the Ukrainian gold?

  6. eddyminimum on June 11, 2022 at 1:13 am

    Curious if the original planned Austria:Switzerland ratio was determined by London, i.e. “We have X amount unencumbered we can schedule to send to Austria – the remainder will need to be worked out through our Switzerland partners.”? The London discrepancy could simply be missing gold (“leased” into the market). Reading the article, I didn’t get the impression that the the gold destined for Switzerland had “shipped” – process started.

    Or, if I’m interpreting the speculation correctly, the gold could be there in London, but it’s less problematic to delay one party (Switzerland) than multiple parties (re-hypothecated paper claims)? That could be a gold-float that’s destined to founder.

  7. marcos toledo on June 10, 2022 at 5:05 pm

    You mean the Bank of International Swindel Joseph as for the Bank Of England like the Federal Reserve does not serve the interest of the governments where they reside. The real owners are unknown and faceless God knows who they really are.

  8. Laura on June 10, 2022 at 12:46 pm

    I must have been ‘not paying attention’ in history class when it was explained why the Bank of England would store another countries gold in a basement and charge a fee for that. but I did listen to the Beppe Grillo rant on how we make an environmental mess digging holes for gold, only to stick the gold in another hole.

    • anakephalaiosis on June 12, 2022 at 12:33 am

      It means, that all royalty in Europe is Khazarian agents, who are gaslighting, while conducting a long-term gold heist, and history books are written to suit their plot.

      Gold has a peculiar effect on soul – especially with those who have no soul – triggering low-level instinctual greed, that brings demonic obsession and possession to surface.

      Gold, as a token of social status, is an object, that jealousy will kill for, and right there is the globalist motive for culling populations, in a gold heist, with a getaway plan.

      Placing gold in rattraps is equally as effective as cheese.

  9. Robert Barricklow on June 10, 2022 at 11:34 am

    The old saying has progressed toward: possession is no longer 9/10 of the law;
    It’s who has the gold is: THE Law[owns it]

    The foundation of international law is going to depend
    on what economic system is based on real law.

    The West looks pretty much the system where Might Makes Right;
    while, Russia’s side looks towards law as the scale;
    instead of, pure force by dent of possession – no matter how the gold was obtained..

    • Robert Barricklow on June 10, 2022 at 12:02 pm

      The question is why the gold isn’t being replaced, and if it is, then why not in a timely manner.
      Rehypothecated to Mars and back?
      The pie charts look like an actuary’s updated version of three-card-monte.
      What’s a 21st century pie chart; w/o a vast gold float w/all kinds of exotic financial tools,
      like the butterfly straddle[in William Safire’s, Sleeper Spy: A Novel[Aug 22, 1995]?

    • Awake on June 10, 2022 at 4:36 pm

      THE Law has always been based upon possession and who can keep / enforce possession. Russia is no exception to this global / historical policy. I would also like to remind all, that Trump actually won the election by a huge margin (80% of the vote) when counted properly. Lets also understand that Communist (KM) China / Russia would NEVER have made any of the moves they have been making (Covid, Ukraine) if Trump was still the president of the USA. The real moves are coming into place shortly and then the final show will be ready. https://www.rumormillnews.com/cgi-bin/forum.cgi?read=201215 https://www.rumormillnews.com/cgi-bin/forum.cgi?read=201209 When Russia stations troops in central America, is when Texas closes the border with Mexico or possibly crosses over and creates a buffer zone inside of Mexico territory (Devolutionof Power). The Communist (KM) Mexican President has already openly talked about merging the entire North American continent together to create the North American Union. https://en-volve.com/2022/06/07/watch-mexican-president-to-meet-with-biden-to-discuss-integrating-countries-into-one-superstate-with-open-borders/ My guess is this will be opposed heavily by that 80% that voted for Trump and are heavily armed to the teeth. They are just keeping their powder dry for just the right moment. I would also like to point out that Texas has one of the largest populations of veterans from the Army, Air Force and Marines in the country. Navy veterans are more on the west and east coasts.
      I mean let’s be real for a moment…does anyone see this movie playing out with Biden in power past 2022? How about the lunatic Democratic / Communist party running the country past 2022? Now the real question is how far will it go before the solution (action, reaction, solution) happens for the USA and the world? https://intellectualconservative.com/articles/how-trump-could-win-nobel-peace-prize-for-peace-agreement-with-russia-and-china China and Russia understand all of this and are playing their part. Moves, within moves, within moves, within moves…etc.

  10. anakephalaiosis on June 10, 2022 at 7:28 am

    When repatriating glittering gold, by walking street, with king’s golden crown on head, then certain vamp females are ravens for shiny things, and they desire to wear crown, and when denied, they respond with obsessed jealousy. Therefore, man holds Cossack whip, as scepter, to discourage hellcats, from running off with John Barleycorn’s stage prop.

    TRIAL BY FIRE 3 – JOHN BARLEYCORN

    Jack Sparrow transcended paradox,
    with two escape doors like fox,
    riding eight-legged horse
    on solar course,
    as bottled genie undoxxed.

    https://dl.dropboxusercontent.com/s/cbu21t8ssa2kqu3/john-barleycorn.mp4

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