2010-10-05maxkeiser.com

``Because of its misleading accounting as I explained earlier, we just don’t know how much of Germany’s gold the Bundesbank has loaned. My guess though is that they have loaned all of it, which is why I believe its vault is basically empty. One half or 1700t was loaned directly by the Bundesbank to the big bullion banks like JP Morgan Chase and Deutschebank. And there is enough circumstantial evidence to suggest that the remaining 1700t was loaned to the US government, which in turn loaned this amount to various bullion banks.''



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