Best of the Week
Most Popular
1. Dollargeddon - Gold Price to Soar Above $6,000 - P_Radomski_CFA
2.Is Gold Price On Verge Of A Bottom, See For Yourself - Chris_Vermeulen
3.Dow Stock Market Trend Forecast 2018 - Nadeem_Walayat
4.Gold Price to Plunge Below $1000 - Key Factors for Gold & Silver Investors - P_Radomski_CFA
5.Why The Uranium Price Must Go Up - Richard_Mills
6.Dow Stock Market Trend Forecast 2018 - Video - Nadeem_Walayat
7.Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future” - GoldCore
8.More Signs That the Stock Market Will Rally Until 2019 - Troy_Bombardia
9.It's Time for A New Economic Strategy in Turkey - Steve_H_Hanke
10.Fiat Currency Inflation, And Collapse Insurance - Raymond_Matison
Last 7 days
Gold Exodus to Reverse - 22nd Sep 18
Bitcoin Trader SCAM WARNING - Peter Jones, Dragons Den Fake Facebook Ads - 22nd Sep 18
China Is Building the World’s Largest Innovation Economy - 21st Sep 18
How Can New Companies Succeed in the Overcrowded Online Gambling Market? - 21st Sep 18
Golden Sunsets in the Land of U.S. Dollar Hegemony - 20th Sep 18
5 Things to Keep in Mind When Buying a Luxury Car in Dubai - 20th Sep 18
Gold Price Seasonal Trend Analysis - Video - 20th Sep 18
The Stealth Reason Why the Stock Market Keeps On Rising - 20th Sep 18
Sheffield School Applications Crisis Eased by New Secondary Schools Places - 20th Sep 18
Precious Metals Sector: It’s 2013 All Over Again - 19th Sep 18
US Dollar Head & Shoulders Triggered. What's Next? - 19th Sep 18
Prepare for the Stock Market’s Volatility to Increase - 19th Sep 18
The Beginning of the End of the Dollar - 19th Sep 18
Land Rover Discovery Sport 'Approved Used' Bad Paint Job - Inchcape Chester - 19th Sep 18
Are Technology and FANG Stocks Bottoming? - 18th Sep 18
Predictive Trading Model Suggests Falling Stock Prices During US Elections - 18th Sep 18
Lehman Brothers Financial Collapse - Ten Years Later - 18th Sep 18
Financial Crisis Markets Reality Check Now in Progress - 18th Sep 18
Gold’s Ultimate Confirmation - 18th Sep 18
Omanization: a 20-year Process to Fight Volatile Oil Prices  - 18th Sep 18
Sheffield Best Secondary Schools Rankings and Trend Trajectory for Applications 2018 - 18th Sep 18
Gold / US Dollar Inverse Correlation - 17th Sep 18
The Apple Story - Trump Tariffs Penalize US Multinationals - 17th Sep 18
Wall Street Created Financial Crash Catastrophe Ten Years Later - 17th Sep 18
Trade Wars Are Going To Crash This Stock Market - 17th Sep 18
Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - 17th Sep 18
Financial Markets Macro/Micro View: Waves and Cycles - 17th Sep 18
Stock Market Bulls Prevail – for Now! - 17th Sep 18
GBPUSD Set to Explode Higher - 17th Sep 18
The China Threat - Global Crisis Hot Spots & Pressure Points - 17th Sep 18 - Jim_Willie_CB
Silver's Relationship with Gold Reaching Historical Extremes - 16th Sep 18
Emerging Markets to Follow and Those to Avoid - 16th Sep 18
Investing - Look at the Facts to Find the Truth - 16th Sep 18
Gold Stocks Forced Capitulation - 15th Sep 18
Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - 15th Sep 18
Trading The Global Future - Bad Consequences - 15th Sep 18
Central Banks Have Gone Rogue, Putting Us All at Risk - 15th Sep 18
Gold Price Seasonal Trend Analysis - 14th Sep 18
Growing Number of Small Businesses Opening – and Closing – In the UK - 14th Sep 18
Gold Price Trend Analysis - Video - 14th Sep 18
Esports Is Exploding—Here’s 3 Best Stocks to Profit From - 13th Sep 18
The Four Steel Men Behind Trump’s Trade War - 13th Sep 18
How Trump Tariffs Could Double America’s Trade Losses - 13th Sep 18
Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - 13th Sep 18
Trading Cryptocurrencies: To Win, You Must Know Where You're Wrong - 13th Sep 18
Gold, Silver, and USD Index - Three Important “Nothings” - 13th Sep 18
Precious Metals Sector On a Long-term SELL Signal - 13th Sep 18
Does Gambling Regulation Work - A Case Study - 13th Sep 18
The Ritual Burial of the US Constitution - 12th Sep 18
Stock Market Final Probe Higher ... Then the PANIC! - 12th Sep 18
Gold Nuggets And Silver Bullets - 12th Sep 18
Bitcoin Trading - SEC Strikes Again - 12th Sep 18

Market Oracle FREE Newsletter

Trading Any Market

Americans “Looted” Nazi Gold – Reminder of Gold’s Role in Times of Crisis

Commodities / Gold and Silver 2015 Jun 10, 2015 - 04:04 PM GMT

By: GoldCore

Commodities

- Documents uncovered in Washington show American’s seized Nazi gold in last days of war
- Himmler stashed emergency fund of gold and currencies in post office of small Eastern town to protect from bombing of Berlin
- Loot quickly shipped to Frankfurt where trail ends
- Story shows strategic importance of gold in times of crisis


In the last days of the Second World War American troops uncovered a large stash of gold, silver and paper currencies at the post office of a small town in eastern Germany called Plauen. Documents show that the stash was directly linked to SS chief Heinrich Himmler.

The Americans seized the town on 16th April 1945. Documents uncovered in Washington by German historian Peter Heintje show that eleven days later a convoy left the town for Frankfurt.

Apparently the post office of the small town was also a secret branch of the Reichsbank. As the bombing raids on Berlin intensified in 1944 Himmler arranged for the stash to be secreted in the quiet eastern town.

Hitler’s Nazis had looted gold
throughout Europe. Indeed we featured the frightening but compelling video which details the plundering of Austrian, Czech, Polish and other national gold reserves and the theft of German and European citizens, especially Jewish people’s gold, for the German Reichsbank back in 2008 – see video here.

On 26th April, 1945, a post office employee was interrogated. “He spoke of a safe in the post office building. In it were 900 kilos of gold mainly in the form of coins, 70 kilos of silver and cash found, ” Heintje told German press.

The key to the safe was not available and so US engineers broke into it with explosives. The bullion was stashed in 35 sacks. The hoard also included one million Swiss francs and 151,560 Norwegian kroner and 98,450 Dutch guilders. The fund would be valued at 32 million euros today.

Only one day transpired between the discovery and accessing the safe and its hurried shipment to Frankfurt. This was because Plauen was in the zone which was to come under Russian control at the end of the war as agreed at the Yalta conference.

Apparently the stash remained in Frankfurt for some time but no documents were found that show its final destination. It is believed that it was shipped to the U.S. as war reparations and likely ended up in Fort Knox or the New York Federal Reserve.

The story is a reminder of the extremely important role gold plays in times of crisis and chaos. Himmler’s stash was predominantly made up of gold and silver bullion as opposed to paper currencies.

The U.S. also placed great importance on gold and it was partly due to its enormous gold hoard that it was able to have the dollar placed on an equal footing with gold at the Bretton Woods conference in July 1944.

With so many factors gravitating towards potential global financial stability and potential chaos today it Is prudent  for investors and savers to own and have a healthy allocation to physical gold as financial insurance.

Must Read Guide:  7 Key Gold Must Haves

MARKET UPDATE

Today’s AM LBMA Gold Price was USD 1,186.00, EUR 1,049.19 and GBP 767.86 per ounce.
Yesterday’s AM LBMA Gold Price was USD 1,181.00, EUR 1,046.75 and GBP 772.40 per ounce.

Gold climbed $2.50 or 0.21 percent yesterday to $1,176.50 an ounce. Silver slipped $0.04 or 0.25 percent to $15.98 an ounce.

Gold climbed for its second consecutive day as European stock markets dipped, commodities strengthened and the U.S. dollar pulled back.

Gold in Singapore for immediate delivery was up 0.3 percent at $1,176.88 an ounce near the end of the day,  while gold in Switzerland was flat.

Gold in USD – 1 Week

In Asia, Chinese consumers took advantage of the dip in bullion prices after Friday’s U.S. payrolls report and physical buying grew stronger.  Premiums climbed to $2.50 an ounce over the global benchmark on the Shanghai Gold Exchange a jump from premiums of $1.50 to $2 last week.

The Greek Prime Minister Alexis Tsipras is returning to Brussels today for a meeting with the leaders of France and Germany in an attempt to forge a bail-out deal however a stalemate may continue which should support gold.

In late morning European trading gold is up 0.76 percent at $1,186.26 an ounce. Silver is up 1.01 percent at $16.15 an ounce, and platinum is up 0.82 percent at $1,117.14 an ounce.

This update can be found on the GoldCore blog here.

Stephen Flood
Chief Executive Officer

IRL
63
FITZWILLIAM SQUARE
DUBLIN 2

E info@goldcore.com

UK
NO. 1 CORNHILL
LONDON 2
EC3V 3ND

IRL +353 (0)1 632 5010
UK +44 (0)203 086 9200
US +1 (302)635 1160

W www.goldcore.com

WINNERS MoneyMate and Investor Magazine Financial Analysts 2006

Disclaimer: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors' interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. GoldCore Limited, trading as GoldCore is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.

GoldCore is committed to complying with the requirements of the Data Protection Act. This means that in the provision of our services, appropriate personal information is processed and kept securely. It also means that we will never sell your details to a third party. The information you provide will remain confidential and may be used for the provision of related services. Such information may be disclosed in confidence to agents or service providers, regulatory bodies and group companies. You have the right to ask for a copy of certain information held by us in our records in return for payment of a small fee. You also have the right to require us to correct any inaccuracies in your information. The details you are being asked to supply may be used to provide you with information about other products and services either from GoldCore or other group companies or to provide services which any member of the group has arranged for you with a third party. If you do not wish to receive such contact, please write to the Marketing Manager GoldCore, 63 Fitzwilliam Square, Dublin 2 marking the envelope 'data protection'

GoldCore Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules