The other shoe drops in the Greek Debt crisis. All those bogus and double sold derivatives and swaps were about confiscation of the Greek national gold! 111.6 tonnes of it! Insolvent European banks have amended the Greek constitution to allow them to confiscate Greek gold!
Zerohedge.com is reporting that "the Greek population is about to lose its gold in a perfectly legitimate fashion, following amendments to the country's constitution by unelected banker technocrats, who will make it legal for Greek creditors - read insolvent European banks - to plunder the Greek gold which at last check amounts to 111.6 tonnes according to the WGC. And so we come full circle to what the ultimate goal of banker intervention in the European periphery is - nothing short of full gold confiscation."
111.6 metric tonnes of gold at $1700/troy ounce is equal to US$ 6,099,639,644.
111.6 metric tonnes of gold at $1700/troy ounce is equal to US$ 6,099,639,644.
The charts at Zerohedge also shows the other three countries with high gold reserves are Italy, Portugal and Spain. The PIIGS have Gold. Hmmm...shades of FDR's gold confiscation on behalf of the Federal Reserve.
update 2/26/12 Another article on this subject: http://www.commodityonline.com/news/greece-surrenders-its-gold-and-itself-to-creditors-in-the-new-deal-46208-3-46209.html
update 2/26/12 Another article on this subject: http://www.commodityonline.com/news/greece-surrenders-its-gold-and-itself-to-creditors-in-the-new-deal-46208-3-46209.html
interesting the mention of fdr's gold, i predict it will end up back into federal hands.
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