Thursday, April 18, 2024

Ukraine's Gold Was On A Flight to New York

 It is telling perhaps that one of the first things that happened after the coup d'état is that the Ukraine's gold was on a flight to New York.




Follow the money.

Jesse, Ukraine: The Global Corporate Annexation, 21 April 2014
"As per the report of a source from the Ukrainian Government, the Ukrainian gold reserves were confirmed to be moved on an aircraft from the Bristol Airport at Kiev to the United States. The report says that about 40 tons of gold was flown from Ukraine to US. However, according to the World Gold Council, Ukraine has in store 36 tons of gold reserves."

Ploumis, Ukraine Gold Reserves Reported To Be Hastily Aircrafted To U.S, Shanghai Metals Market, 12 Mar 2014
YIV, July 17 (Reuters) - Ukraine's central bank has sold $12.4 billion of gold reserves since the beginning of Russia's invasion on Feb. 24, the bank's deputy head said on Sunday. "We are selling (this gold) so that our importers are able to buy necessary goods for the country," Deputy Governor Kateryna Rozhkova told national television. She said the gold was not being sold to shore up Ukraine's hryvnia currency."

Reuters, Ukraine central bank has sold over $12 billion of its gold reserves, July 17,2022
"Gold Reserves in Ukraine remained unchanged at 27.06 tonnes in the fourth quarter of 2023 from 27.06 tonnes in the third quarter of 2023.  Gold Reserves in Ukraine averaged 25.29 tonnes from 2000 until 2023, reaching an all time high of 42.61 tonnes in the first quarter of 2014 and a record low of 13.40 Tonnes in the first quarter of 2000."  source: World Gold Council

Trading Economics, Ukraine Gold Reserves, 2024

 I have not been able lately to find out exactly where the gold of the Ukraine is, and any encumbrances and claims there may be placed on it.  Although there does seem to be less of it, and the Ukraine minister knows what it was not used for.  

The World Bank and the World Gold Council have been reporting that nation's reserves including FX and gold, but the details seem to be a bit hard for me to find in the fog of war.  But I am sure it is safe somewhere, and being put to good use on behalf of the people. 

But I seem to recall when the people of Germany asked for the return of their gold in 2012, that request presented a mountain of practical difficulties.  

I am sure this will all be sorted out in time, as Herr Schacht had said, so many years ago.

Via Jesse's Cafe Americain

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