How the US laid hands on gold from around the world


Recent events have once again confirmed that naive hope of "reliable financial cooperation" with the West is very fraught. The Bank of England calculated Venezuelan gold worth $ 930 million, located in its vaults owned by the illegally elected authorities of this country, and the self-appointed "president" Juan Guaido, and did not allow official Caracas to dispose of its assets. What conclusions can be drawn from this story?


Admittedly, the Anglo-Saxons rule the world gold market. The UK is the global center for trading this precious metal, and the United States has the world's largest gold reserve. The largest transactions for its purchase and sale are made on the New York Mercantile Exchange (NYMEX). It is London and Washington that dictate the rules of the game, which puts all other states in an extremely vulnerable position. This situation has developed historically.

At first, World War II played a role. Rightly fearing Hitler's attack, many European countries chose to take their gold overseas. For example, France entrusted its gold reserves to the United States, however, it turned out to be a huge problem to return it that only President De Gaulle could solve in the most extraordinary way. In the same place, in the USA and Great Britain, there were remains of gold of the defeated Germany. With the onset of its post-war economic revival in the fifties of the last century, precious metals earned from exports were bought up, which also remained in the United States.

After the end of World War II, the Cold War of the USSR with the collective West began. NATO reasonably believed that the Red Army was able to crush Germany and France in a few weeks, a maximum of months. Under the pretext of the “Soviet threat”, it was decided to hide the gold reserves of European countries far from the borders of the USSR: beyond the English Channel, to Great Britain, and beyond the ocean, to the USA. Their example was subsequently followed by some non-European countries, for example, Venezuela, which is now very sorry about this.

SecondlyThere is a consideration of a purely pragmatic nature. It is profitable to store gold in close proximity to the main trading floors, as this gives serious savings on expensive insurance and transportation. However, this “gracious” picture also has a flip side regarding the “moral qualities” of the Anglo-Saxons, if it is generally appropriate to operate with such categories.

The recent case of Venezuela is far from the first. To return the gold to Paris, De Gaulle had to send a warship full of dollars for him, that is, actually redeem his own. India in the early nineties transferred eight tons of gold to London to secure a loan. New Delhi has long since returned its debts, but the precious metal still remains in the United Kingdom. Germany tried to take its gold reserve from the United States, but only half came out.

There are many assumptions that the United States has long been able to squander the precious metal transferred to them for manipulation in the market in order to secure the dollar. It is no secret that the audit at Fot-Knox has not been conducted for more than half a century. At the same time, stories with fake gold periodically pop up. For example, it turned out that in 2009, ingots of gilded tungsten were sent from Fort Knox to China.

All this and the situation on the global financial market makes many countries think about the return of their assets from the United States. Russia, which in recent years has been able to increase its gold reserves to a level that allows it to occupy fifth place among the largest players, looks extremely favorable against their background. Like the United States itself, our country prefers to store precious metal on its territory.

It is worth recalling that the Russian Empire was already the world leader in gold reserves, but its ridge was broken by the First World War, followed by Civil and Foreign Intervention. A significant part of the gold reserve was exported to Europe by the whites, and a considerable part went to Japan, where it is safely stored to this day. However, for some reason, our partners from Tokyo are in no hurry to return it, preferring to tear kimonos on their chests because of the “stolen” Kuril Islands. Also, a lot of gold flowed from Russia to the West after the collapse of the USSR in the nineties.

It is hoped that more of this will not happen again.
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  1. Bulanov Offline
    Bulanov (Vladimir) 3 July 2020 13: 54
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    And it is still unknown where the gold of the CPSU flowed and the Secretary General Gorbachev does not give an answer to this question.
    And the States probably have long plundered American gold in private pockets.
  2. caravanbashi Offline
    caravanbashi 3 July 2020 16: 33
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    And a tank was built for the gold of the Russian Empire, which went to America ... Plus, Lend-Lease profited ... That's all their basics ...
    1. Oleg Rambover Offline
      Oleg Rambover (Oleg Rambover) 3 July 2020 22: 38
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      Quote: caravanbashi
      Plus, the land lease profited ...

      I wonder how they profited from a land lease, if payment was not provided for weapons, materials, ammunition, products, etc., spent or lost during the war? And what kind of tank?
  3. boriz Online
    boriz (boriz) 4 July 2020 17: 40
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    For example, France entrusted its gold reserves to the United States, however, it turned out to be a huge problem to return it, which only President De Gaulle could solve in the most extraordinary way.

    Where does this information come from? As far as I read in various sources, De Gaulle simply exchanged green candy wrappers for gold at the exchange rate. He then decided to switch to settlements with gold security. Immediately after this, the United States decided to move away from the gold security of the dollar.
    And the fact that the Fed does not have gold is more than likely. Not everything was returned to Germany, far from immediately and not by the ingots that Germany transferred.
    And how much gold flowed in the 90s - no one will say. The epic with the "red mercury" alone is worth it. And everyone stupidly pretended not to understand what was the matter.
  4. Alexzn Online
    Alexzn (Alexander) 6 July 2020 08: 30
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    Another set of nonsense, traveling from one dubious site to another. It’s not even conspiracy thesis, it’s just nonsense. Beloved by conspiracy theorists about the cruiser De Gaulle, about the audit at Fort Knox, although foreign gold is stored in the Federal Reserve Bank ...
    1. Satellite Offline
      Satellite (Satellite) 31 July 2020 22: 42
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      Another set of nonsense traveling from one questionable site to another.

      Well, something, maybe, "on emotions" (nonsense), but not all.
      Here:

      The recent case of Venezuela is far from the first. To return the gold to Paris, De Gaulle had to send a warship full of dollars for him, that is, actually redeem his own. India in the early nineties transferred eight tons of gold to London to secure a loan. New Delhi has long since returned its debts, but the precious metal still remains in the United Kingdom. Germany tried to take its gold reserve from the United States, but only half came out.

      I will ask in more detail, so that the course of your thoughts is clear. What is nonsense?
      Please start with De Gaulle, since you mentioned him specifically.
  5. Alexzn Online
    Alexzn (Alexander) 1 August 2020 10: 37
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    Quote: Satellite
    Another set of nonsense traveling from one questionable site to another.

    Well, something, maybe, "on emotions" (nonsense), but not all.
    Here:

    The recent case of Venezuela is far from the first. To return the gold to Paris, De Gaulle had to send a warship full of dollars for him, that is, actually redeem his own. India in the early nineties transferred eight tons of gold to London to secure a loan. New Delhi has long since returned its debts, but the precious metal still remains in the United Kingdom. Germany tried to take its gold reserve from the United States, but only half came out.

    I will ask in more detail, so that the course of your thoughts is clear. What is nonsense?
    Please start with De Gaulle, since you mentioned him specifically.

    All of the above did not take place, some events were simply reversed.
    Gold from third countries has never been appropriated! The maximum was frozen ACCESS, as is done with the gold of Venezuela. Note that Guaido does not have this access either. The mentioned gold of India was deposited in England, as it is USUALLY done by at least 100 (!!!) countries, including Russia.
    About De Gaulle and his cruiser with dollars - an ordinary bike that does not have a link to an official source and is absent on the English-speaking Internet. Populist sites reprint this story as the story of Donald Cook nearly drowned in fear.
    Germany took out part of the stock, while the Bundestag decided to leave the other part (albeit under certain pressure) in the United States.