Enter gold leasing.
The West's central banks "lease" vast quantities of gold to the bullion banks (at zero cost to those banks), who then "sell" that gold to the seemingly naïve buyers from the East. And (very possibly) "lease" the same ounces of gold
This brings us to a final, recent item
There is now serious political pressure for this gold to at least be audited (for the first time in decades), if not immediately repossessed/repatriated to these nations. The only entities in Germany and the Netherlands that (strangely) are not worried or even interested in proving the existence of this gold are -- you guessed it -- the central bankers of Germany and the Netherlands.With vast amounts of gold being leased each year from undisclosed entities, and vast amounts of gold being sold each year from undisclosed entities, it's no surprise that people in Germany, the Netherlands and other European nations are belatedly wondering how many other nations may now be claiming title to the gold they "own."
Follow @bullionbulls This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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