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 again and again and again . "Leveraging" assets is as natural to bankers as breathing is to mammals.

This brings us to a final, recent item recent item making its way into the news. Apparently, many European governments starting with Germany and the Netherlands are getting very nervous about all the tons of gold they believe is stored on their behalf in the United States.

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."

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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