World Bank: –ALL GOLD IN FORT KNOX IS LEASED– ( & Is No Longer Included In Reserves…..)

This is big.

Really, really big.

http://data.worldbank.org/indicator/FI.RES.TOTL.CD

United States
294,045,678,447 (2008)
404,098,902,069 (2009)
488,928,295,253 (2010)
537,267,272,428 (2011)
139,133,877,266 (2012)

World bank values gold at Year-end London fix. In 2011, that was $1,531 / Oz.

The Federal Reserve says there is 241,000,000 ounces of gold in Fort Knox (& associated vaults)..

That would value the gold at $368 Billion in 2011.

In 2012, the year-end price was $1,657 yet the reserves FELL to only $139 Billion!!!!

So, for 2012 if the Wold Bank has not included Leased Gold in the foreign reserves, then the drop from $537 Bn -> $139 Bn = $398 Bn equates to ALL the US gold (remember, around $368 Bn of gold).

IT IS ALL LEASED!!!
THEY CAN’T HIDE IT FOR MUCH LONGER.

Tuesday saw 40 tons of Gold sold in 3 separate 1 minute intervals and exactly 1 minute after the pre COMEX open, again 1 minute after the COMEX open and then again 1 minute after the London morning fix. These sales accounted for over $27 of the $40 loss.

Another ‘rational’ seller at work, trying to get the most $$$ for their paper gold:

08h00: 120 Dec. contracts traded
08h01: 4,531 Dec. contracts traded
08h30: 594 Dec. contracts traded
08h31: 8,175 Dec. contracts traded

10h00 : 284 Dec. contracts traded
10h01 : 1,738 Dec. contracts traded

these volume selling spikes correlate PERFECTLY with the price drops…
http://i.imgur.com/wBgPop9.jpg

Today’s $30 up move has had not one single outsized volume “minute” of trading other than 1 minute overnight that saw selling, not buying. Just steady buying.

LEASING IS A SCAM!

When gold is ‘leased’, someone else (Usually a bullion bank) takes delivery and SELLS the gold.

(ASIDE: why do this? — because they get the $$ in from the sale and buy an asset returning e.g. 3% if they buy a Treasury Bond with the $$$. They hope to buy the gold back at the end of the lease, and will often paper-hedge the price risk.)

A person buys that gold from the bullion bank and puts it in the safe. They own it.

BUT the Central Bank also says it owns it!! Thus the gold is counted twice.

If you don’t believe me, check here at the IMF:
http://www.imf.org/external/np/sta/ir/IRProcessWeb/data/ECB/eng/CURecb.HTM
Please share this article