[KR358] Keiser Report: Goodbye, German Gold?

We discuss how it is that Gordon Brown’s Bottom turned into an audit the gold movement in Germany. They also discuss the mother of all bond bubbles getting set to burst and all that will be left in the Bank of England ‘gold’ vaults are a big pile of gilts. In the second half of the show, Max Keiser talks to Dominic Frisby, author of Life After the State, about Germany’s gold quest, the future of relations between the US and Germany if the gold is not there and about ‘life after the state.’

The biggest challenge of the BullionBars database is knowing what questions to ask of the data warehouse; at any given time there are a number of research streams in progress – but these do take time to build and mature. The biggest advantage (of having a huge chunk of data there) is the ability to run very quick random checks on anything bar-related. Today, Screwtape Files bolsters support for a particular story. Brought to my attention by Bron Suchecki this morning was a Max Keiser interview where guest Dominic Frisby makes a comment regarding Chinese gold bars (ref 20:30-21:15):

Dominic Frisby, Author/Writer
(edited for clarity) “… I had dinner about a year or two ago with the head of Gold at HSBC and one of the things that he described — and most of the world’s gold goes through HSBC, at some stage — looking at the gold in his vault … despite the fact that China is the biggest producer – he never sees bars, with Chinese stamps on them …”


In the database I found ZERO matches for Chinese-manufactured gold bars in the GLD records, and also extended the query to see if other vaults had any. I was mildly surprised to find NONE … surprising because our current gold sample size includes data from not just HSBC London vault, but also Royal Canadian Mint and Via Mat (London, Hong Kong and Zurich). Worth mentioning that although our database is large, there are still some data sets we have not yet loaded (like the Julius Baer Precious Metals Fund data, for example) so the conclusion is not yet complete. If I do find some Chinese-Manufactured Gold Bars in subsequent data records I will update this post, but since GLD is the grand-daddy of all ETF’s I expect the ‘zero’ result will likely extend to all other result sets. At time of writing, the current size of the WAREHOUSE_GOLD table is 34 million rows (also note our data does not comprehensively account for the entire vault contents – we are only able to reference what is provided in the bar lists we download).

So my test result currently confirms the statement from the interview – namely that the HSBC vault contains no Chinese gold bars. This seems to directly support the idea that China may be keeping the lion’s share of gold output from their refineries, and is also consistent with FOFOA’s ideas about China and Gold. Interesting – I had never noticed the absence of Chinese gold bars.

154 comments on “[KR358] Keiser Report: Goodbye, German Gold?
  1. Hugh Beaumont says:

    FWIW, there’s a Pippa Middleton Ass Appreciation Facebook page, complete with photos, T shirts and buttons.

  2. Bonn says:

    The Day Gold is money I will Shave my head.
    Its a way of makin Money !
    I tink Steve Keen Will agree with me


    Inter galatic Travel !!!!!!!!!!!!!!!!!!!!!!!!!

  3. evolutis says:

    @ZORRO … well said

  4. YoLithos says:

    Agreed. Finally finished listening to (most of) the thing. I guess he just dived or was sucked into the Maelstrohm. The woefully apparent numbers-neurosis thing is particularly indicative of … whatever happened. Still rates for services rendered, however. For bringing all that circle-stuff to light.

    Recently saw a video with Childress and “his” gang in South America. They showed a pair of slightly “ice-cream-cone” shaped mystery towers. Looked like a lot like like RAM-Pump pressure reservoirs, to me. That’s a form of long-stroke resonance. Add others, and really fun things can start to happen. Even on hilltops. All you need are tuning-forks. 😉

  5. MEJ says:

    Thanks for the update on the lack of Chinese bars. What about Russian? Are they in the mix? I believe Russia has been taking their taxes from the gold miners in bars and they are sitting on a pile of gold in their reserves. Are they exporting any?

  6. giggler says:

    So who makes the Panders then? I always thought that was Chinese yellow stuff

  7. Eric says:

    capt ray:
    I needed to clarify something that may have been misconstrued. When I spoke of having been reprimanded in East Germany, you said that I should be mad at Vladimir Putin. The last time I was in Berlin was many years ago, the wall was in tact, the check points were operational and Leonid Brezhnev was the General Secretary of the Central Committee of the Communist Party of the Soviet Union. Of course East Germany was a satellite state of the USSR. This had nothing to do with Vladimir Putin.
    I do not know too much about Mr. Putin other than he must be extremely intelligent having been a Lieutenant Colonel in the KGB and recently had thrown out the USAID or the United States Agency for International Development from Russia. I would have done the same as Mr. Putin if I were in his shoes.

  8. Eric says:

    By the way, I love your show. Many of my friends say you are crazy, but they say the same thing about me. You are a brilliant man! Never relent! I have learned much from you and your guests. I have read Dr. Michael Hudson’s book as well thanks to you and your show.

  9. Al Kyder says:

    @ evolutis ~ yes every oil column has a specific “DNA” as you call it. This is why the refineries are going out of business, because each refinery can only handle specific grades of oil, and with peak oil hitting, we need new refineries to handle heavy type of crude. Most of the infrastructure can only handle the light sweet crude, some in the EU can handle slightly heavier stuff, down to say API 25º there in one in the USA that can handle the heavy tar from Venezuela etc but these are rare and expensive. Gas is cheaper to crack these days and new technologies are in the pipeline to do this.

  10. ronron says:

    @eric. i also have no problem with putin. harper is my problem. 😉

  11. YoLithos says:

    @Al Kyder
    There’s tech already in the machine shop, that can turn turkey-offal and wood chips into anything from tar to kerosene. For less than U$100 per barrel of gasoline. “Flex” systems – to handle differing source materials – are already being tested.

    But industrialists whined even when profits were outrageous, and they were told to put showers in their chimneys – to kill less people. They hissed and spat and bought politicians and media and dragged their feet uncompromisingly. The money they spent no to do it, could have paid for the next three generations of near-perfect pollution control and recycling. The same was true for all sorts of modernization – except the ones that fire people and weaken workers.

    They just don’t want to “waste” money and effort on the upgrade. “Bonuses are good”. “It ain’t broke, don’t fix it”. They’re probably hoping the government will give up. Or be arm-twisted into footing the bill for as little real change as possible.

  12. EvolutisXedi says:

    @YoLithus … Yep! We just have to design an alternate to this monetary hindrance … Specific action or rich and poor alike are in for an ass kicking since 85% of the energy we consume is hydrocarbons. When the last drop of fossil fuel drips from the spigot, knowledge, not antiquated monetary chariot trash will bring a high life return. @Al Kyder…. Thanks , always learn from you lol

  13. ronron says:

    @Tracy. you guys married yet? or is Max’s family still going over the paper work? 🙂

  14. ronron says:

    @Tracy. i still want to get you guys a really nice toaster oven. email me the voltage over there.

  15. Paolo says:

    Hey, what the fucks happened to Groupon? I havent seen their annoying banners for ages, and havent heard their name mentioned for months!

  16. AmnestiedCaesarOutfit says:

    that website talks some sh.. about M&S. sup?

  17. Youri Carma says:

    Q3 GDP Estimate Beats Expectations As Government “Consumption” Soars http://www.zerohedge.com/news/2012-10-26/q3-gdp-estimate-beats-expectations-government-consumption-soars

  18. bbrebozo says:

    Susan Werner, got to love the brain – and musical ability.

  19. Youri Carma says:

    Bank Failures Rise to 47 for 2012

    FDIC Failed Bank List: http://www.fdic.gov/bank/individual/failed/banklist.html

    October 26, 2012, NOVA Bank City: Berwyn State: PA

    More info here: Pennsylvania bank fails; 47th in U.S. in 2012 http://www.marketwatch.com/story/pennsylvania-bank-fails-47th-in-us-in-2012-2012-10-26

  20. Youri Carma says:

    Celente – It’s Not Just Germany’s Gold That’s Missing http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/26_Celente_-_Its_Not_Just_Germanys_Gold_Thats_Missing.html

    Fully on topic again 😉

  21. Phill says:

    Just a thought.
    Maybe, just maybe, this was a good idea. Brown sold gold and got money.
    Now everyone is looking to get THEIR gold back, but it’s gone, so they get nothing back.
    Maybe Gordon was on to something 🙂 Or maybe he really is an idiot.

  22. MirrorMirror says:


    Just BTW : – from 2001

    Euro-court outlaws criticism of EU

    By Ambrose Evans-Pritchard in Brussels
    12:00AM GMT 07 Mar 2001



  23. Youri Carma says:

    Superb Hugh Hendry Interview on Gold, Hyperinflation, Treasuries, Stocks, Japan, China, Real Assets http://globaleconomicanalysis.blogspot.nl/2012/10/superb-hugh-hendry-interview-on-gold.html

  24. gary hillerich says:

    of corse the gold was stolen..long ago..you really believe the gold is still there when the banksters can steal it & not a thing will be done..not a slap in the wrist..no disclosure of the banksters that stole it..NADA..NOTHING ZERO
    Corzine stole $1.5 billion and NADA was done..evenif it was $1.5 trillion nothing still would have been done
    its the wild wild east coast of America..anything goes..FraudSt & the banksters rule the roost, & all the duped slaves underneath, will do as they are told or their payoffs of phony fed paper dollars will stop!
    for those of that hold PHYSICAL gold & silver will be the big winners as the price goes parabolic once the world figures out ALL the gold is gone & was sold into the market & the banksters have their stash well hidden..they have it stashed nowhere near the NY fed..

  25. Al Kyder says:

    @ YoLithos`EvolutisXedi _ The same was true for all sorts of modernization – except the ones that fire people and weaken workers.
    Yep its a sick sad world. We could also heat gasoline/Petrol in a type of fuel injection system like glow plugs in a diesel to critical temperature ie I think around 451º Celsius (just short of exploding and that would cut fuel consumption by a huge amount if done correctly. Some say 90% 0r we could have tiny V8 (say 80cc) rotary disc valve two strokes that run on vege oil and nitro-methane.

  26. Bonn says:

    Prop 37: GMO Food is Slavery From Seed to Table, It’s Not Just About Health [VEDS #26]

  27. MirrorMirror says:



    Genetic Roulette – The Gamble of our Lives


    Long , but important.

  28. MirrorMirror says:

    @Bonn …


    The three most important : GMO , Nuclear , Chemical

  29. Vonda Bra says:

    Keiser Cluelessness Not Taken Lightly

  30. Bonn says:

    If USA is doin inter Gallatic travel they care a rats arse about the Economy!

  31. Bonn says:

    @ MirrorMirror
    Pollution is a Myth
    A) Over hyped
    B) The Earth don’nt care if Humans live
    C) its a myth

  32. Bonn says:

    The Earth is Frightened about what it produces ????????????
    When Didja start thinkin of Earth’s behalf.

  33. Bonn says:

    oks I talkin Stupid stuff

  34. Youri Carma says:

    MUST HEAR! The Economist’s Buttonwood Gathering Live Stream http://www.livestream.com/theeconomist

    FED can seize any company and liquidate it under liquidation rules if it thinks that this institution is moral hazard, ‘Systemic Risk’.

  35. Benb says:

    I think you guys should crowd fund a staue of Andrew Maguire and put it up in the city of London. Include a plaque explaining of course.

  36. ronron says:

    hi Vonda. 🙂

  37. Vonda Bra says:

    Hi ronron, dear ! 🙂

  38. SAO says:

    @Vonda Bra thanks for the link connecting the children’s’ murders. This makes me sick. They do this shit all the time and get away with it all the time. That poor mother walks into that nightmare. Damn.

  39. Bonn says:

    on * Earths behalf
    Blimey the Earth Don’t care about us
    It barely Knows about itself !!!!!!

  40. ronron says:

    @Bonn. how you doing? you skinny fucker. 😉

  41. Vonda Bra says:

    Jackie O.: “Enjoy the crash!”
    “Perfect storm just in time for a repeat October 29 crash? Listen from the quiet place of no fear. Enjoy Justin Beiber tell you to buy metals or be homeless and broke.”

    Message from Justin Beiber – Buy Platinum Silver Gold & Storm Alert!
    http://youtu.be/aNSflg4ISlc (7:41)

  42. ronron says:

    @Vonda. justin beiber is from my little city. i used to see him busking in front of the avon theatre. he was busking there last summer. he blows into town and hangs out quite often. they have a huge house on the edge of town. indoor hockey rink.

  43. ronron says:

    i just learned something from jackie o. thanks. i will listen.

  44. Vonda Bra says:

    @ ronron

    did you watch this too?

    Published on Oct 26, 2012 by silverfuturist

    Gold-Silver ratio: 10000 to 1???


    your thoughts?

  45. ronron says:

    1000 to 1. not fucking likely. why do you think jackie dumped him. he’s nuts. 🙂

  46. Vonda Bra says:

    @ ronron | October 27, 2012 at 10:11 pm |


  47. Eric says:

    Now that Germany’s gold stash is long gone, frumpy Merkel should not win reelection next year if the Germans have any brains at all. I still bet that the Hausfrau, hell bent on one world government from Brussels, wins proving my original point of German stupidity.

  48. Vonda Bra says:

    @ Eric | October 27, 2012 at 10:23 pm |

    the alternative would be Bilderberg-crook Peer Steinbrück + NWO implanted crazy doublespeak Green party! 🙂
    not much of a choice here … as almost everywhere … 🙁

  49. ronron says:

    plus Vonda. jim rogers is an ass hat. you can train monkeys to drive tractors.

  50. Vonda Bra says:

    @ ronron | October 27, 2012 at 10:40 pm |

    I´m long aware of that! thanks!
    stopped listening to him long ago … its a total waste of time!

  51. ronron says:

    @Vonda. i knew you knew. 🙂 that was for the peanut gallery.

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