A week ago, the Dutch central bank shockingly announced they had repatriated 122 tons of gold from the Federal Reserve, and from other depositories that had held their gold outside of the country. And on Dec. 5, a Belgian media source has now confirmed that Belgium is going to demand a return of their offshore gold reserves, and is quickening the move for the repatriations of gold by central banks in Europe and elsewhere.
The only real need for gold repatriation after over 40 years of nation’s using fiat based currencies is a belief that the global financial system is failing, or that very soon there will be a demand for a return to a gold backed monetary system. These beliefs are being seen as potentially plausible especially as Russia, China, and several BRICS nations accumulate gold at record levels. In fact, the recent Swiss gold referendum that failed last weekend was initiated by the population’s desire to have the Swiss Franc backed in part by gold, and where their central bank would repatriate offshore gold and hold it in reserve in their own vaults.
Author Willem Middelkoop, who wrote the book, “THE BIG RESET”, just came out and stated in Belgium: “According to media reports Belgium will start to repatriate foreign held gold reserves. – Harvey Organ, Silver Doctors
And this also just came in from Koos Jansen of Bullionstar.com:
BELGIUM INVESTIGATING TO REPATRIATE ALL GOLD RESERVES
Just after I reported on the repatriation of 122.5 tonnes of gold by The Netherlands from the Federal Reserve Bank of New York (FRBNY) and about the Eurosystem allocating as much of its gold reserves as possible – a global run on gold which can only be seen in advance of a reform of the international monetary system, the next Eurosystem member that will repatriate gold has come forward, Belgium.
Holland and Belgium, as well as the failed Swiss referendum, are not the only countries and legislatures looking to repatriate their gold from London, the Federal Reserve, or other offshore depositories. Almost immediately after the Dutch announced they had received their gold back from the U.S. central bank, the leading candidate to become France‘s next President called for a committee to look into repatriating French gold even before the election, and his potential move into France’s highest office.
Unfortunately, it appears that the one nation that will be left out in the cold is Germany, who demanded a repatriation of their gold in 2013, but has received only five tons of their more than 600 tons stored offshore at the Fed, and in London. But despite the pressures now being placed upon the U.S. central bank to return gold holdings to foreign powers, it appears that the flood gates are now open, and many more countries will begin demanding back their gold in preparation for either a financial crisis, or a new global monetary system.