Switzerland, England, Austria, Netherlands, France, Belgium, Mexico, Poland, Italy. Australia, Ecuador, Romania and the tiny country of Azerbaijan all have burgeoning gold repatriation movements in various stages of progress.

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Peter Boehringer, the father of the gold repatriation movement in Germany, and founder of the website Goldseiten.de joins us to discuss the great global awakening as nations begin asking, where is our physical gold? We want it back!

Repatriation Woes

“Many prominent people have openly written and discussed their belief that the German gold is already gone — that the Fed has betrayed the German people with their clandestine gold-leasing activities. It would be so easy for the Fed and the Bundesbank to disprove these concerns by conducting a proper audit of the U.S. gold reserves as well as the foreign gold which is allegedly stored at the New York Fed. This would have to be done with substantial photo and video evidence and it would also have to be confirmed by individuals whom the world could trust. But this is not happening.” – Peter Boehringer (Goldbroker)

SF Source SGTreport.com  Mar 1 2015

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Wikipedia – In past centuries nations from across the globe have stored their gold at the Federal Reserve Bank of New York (FRBNY) for numerous reasons; (i) during World War II Germany confiscated as much gold as they could from nations they occupied, other vulnerable nations anticipated by shipping their gold to the US; (ii) after World War II there was the threat of the USSR to seize sovereign gold reserves as spoils of any Cold War action; (iii) under the Bretton Woods System (1944 -1971) it was agreed the US dollar was the world reserve currency, backed by gold. It was thus convenient to store gold in New York for trade settlements; additionally dollars that were converted into gold were credited to FRBNY foreign gold accounts; (iiii) after the Bretton Woods system, when gold was officially removed from the monetary system, gold was often sold or leased by central banks, facilitated by their accounts at FRBNY.

In the aftermath of the financial meltdown in 2008 central banks again realized the importance of gold as an anchor in the monetary system; European central banks stopped selling gold; Asian and South-American central banks increased official purchases, and central banks from all continents began to worry if storing gold abroad was wise when the global financial crisis evolved.

There are rumors that US has sold a portion of this gold to underpin the US dollar hegemony in recent decades. Edmund Moy, former Director of the United States Mint (Fort Knox), quoted on June 13, 2014: “Finally, more countries are repatriating their gold. For them, an audit is not enough. They would like their gold back. Azerbaijan, Ecuador, Iran, Libya, Mexico, Romania and Venezuela is a short list of countries that have requests into their custodians to transfer some or all their gold back to their countries.”