You are here
The strange case of Germany's gold -- an interview with Peter Boehringer
11:26a ET Friday, July 25, 2014
Dear Friend of GATA and Gold:
Interviewed by Andrew Schiff for the summer edition of Euro-Pacific Capital's Global Investor Newsletter, Peter Boehringer of the campaign to repatriate Germany's gold reserves explains how the recent Bloomberg News report on the issue was so misleading and elaborates on the fraud of the fractional-reserve gold banking system.
"One reason that the gold was unavailable for quick delivery," Boehringer says, "could be multiple ownerships of our bars at the Fed. Given today's global fractional gold banking scheme, an (allegedly physically existing) bar in a central bank vault could have more than 10 owners and could thereby show up in more than 10 central bank balance sheets as either 'physical gold' or 'gold claim.' These two completely different balance sheet items have not been properly differentiated for many decades now. We are potentially talking about non-existent physical bars at a magnitude of tens of thousands of tonnes."
The Euro-Pacific newsletter headlines the interview "The Strange Case of German Gold -- An Interview with Peter Boehringer" and it's posted about halfway down the newsletter here:
http://www.europac.net/research_analysis/newsletters/global_investor_new...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New from GoldCore:
Gold Bars (Perth Mint 1-oz.) at just 3% premium until August 1
Until August 1 GoldCore is offering 1-ounce Perth Mint gold bars at a very low premium, just 3 percent, on all orders over 10 ounces. Orders below 10 ounces will carry a still extremely competitive premium of just 3.75 percent.
To reserve your bars for delivery or arrange their storage in Singapore, Hong Kong, or Zurich, email the GoldCore team at info@goldcore.com or call our trading desk:
International: +353 (0)1 632 5010. UK: +44 (0)203 086 9200. US: +1 (302)635 1160.
Join GATA here:
Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014
http://www.caseyresearch.com/summit/2014-fall
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014
https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
