So, is the German gold gone?

When I was working on the previous post I did not realize that new info has just come out. What new info? The size of the German gold hoard deposited at the NY FED is 1,536 tons. And it will take 6-7 years to repatriate it to Germany. Really? Is it going by a piper cub?

The German gold at the NY FED is gone. A further indication that the gold is gone is what the Germans said was the "reason" they are leaving the gold in NY. The Germans said that they are leaving the gold in NY, because the center of gold trading is in New York. False! And the Germans know it. Physical gold is sold in London and Zurich. The FED can not repatriate the gold, because they do not want to buy that much and drive up the price.

That is the only reasonable conclusion. It has been used in the price suppression schemes and found its way to China. In fact, it is reasonable to conclude that a lot more than a 1,000 tons had gone to the East.

China admits to have increased its gold hoard by 1,000 tons last year.

Supposedly, only 8oo tons came from imports and 200 tons from accelerated home production. China is mining 35% of its known reserves/year. Its goal is to have its Yuan backed by gold.

Not only gold, but silver is also short.

Again, China accounts for a lot of silver use and future demand.