The Phaserl


The High Risk Of “Safekeeping” Gold In A Central Bank Custodial Vault

from Investment Research Dynamics:

Although the western media at large, and especially the mainstream in the United States, remarkably never reported the event, the United States Government defaulted on Germany’s request to have some portion of its gold shipped from the Fed custodial vaults back to Germany. That’s right – the U.S. outright defaulted.

Clearly, if the U.S. were “safekeeping” Germany’s gold in a segregated custodial account, it should have been nearly effortless to ship 300 tonnes back to Germany via two cargo flights. After all, Venezuela received 160 tonnes of gold in about 4 months from several different Central Bank vault locations.

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