German Officials Demand to Count Bullion Bars At New York Fed

This will be a slow moving story as no one will want to do it the only way possible.  Which happens to be recasting it all.

After watching a chinese manufacturer nicely plate out a tungsten braclet it is also obvious that we do need a sensing technology able to detetrmine what is happening.  A remelt will never be good enough now everyone knows that this is possible.

It is almost twenty years since I caught on and I was interested because apparent trade volumes simply did not add up unless reserve gold was been fed into the market.  The Tungsten meme allows almst all reserve gold to be fed in and it was also reported that a large number of tungsten blanks had also been manufactured as well.

With crypto currency, we can actually dump all reserve gold and be done with it.  That will be where this all is heading.

$109,000,000,000 in US Gold Reserves Now in Question as German Officials Demand to Count Bullion Bars At New York Fed: Report

By Alex Richardson

https://dailyhodl-com.cdn.ampproject.org/c/s/dailyhodl.com/2025/04/06/109000000000-in-us-gold-reserves-now-under-question-as-german-officials-demand-to-count-bullion-bars-at-new-york-fed-report

Germany is storing over $109 billion worth of gold in the New York Federal Reserve’s vaults, but some officials in the country are beginning to call for less trust and more verification.

Michael Jäger of the European Taxpayers’ Association – a federation of 29 national taxpayers associations throughout Europe – is urging Germany to immediately obtain its gold from the USA amid tension between the White House and the US, Bild reports.

Says Jäger,

“The Bundesbank and the German government must demonstrate foresight in this phase of global power shifts and immediately retrieve German gold from the USA. Especially at a time when Berlin and Brussels are discussing immense new debt, we need immediate access to all gold reserves in an emergency.”

Jäger says that at a minimum, Germany should at least be able to “physically inspect” the gold bars.

European Member of Parliament Markus Ferber echoes Jäger’s sentiments, telling Bild:

“I demand regular checks of Germany’s gold reserves. Official representatives of the Bundesbank must personally count the bars and document their results.”

Meanwhile, lawmaker Marco Wanderwitz says Germany’s CDU (Christian Democratic Union) is advocating that Germany needs to “either check regularly or retrieve the gold.”

The Germans’ calls for inspecting the gold reserves comes as Elon Musk, tech billionaire and close aid of President Trump, is suggesting that an audit of Fort Knox in Kentucky be “livestreamed.”

The last time Fort Knox was audited was in September of 1974.

In a statement to Bild, a spokseperson for Germany’s Bundesbank quoted and reiterated a Feburary statement from the bank’s President, Joachim Nagel.

“We have (…) absolutely no doubt that with the Fed in New York we have a trustworthy, reliable partner in the storage of our gold reserves.”