September 11 Commission Report - Gnostic Liberation Front

3000
2500
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0
1980
1983
Figure 6
World Production of Gold (Tonnes)
1986
1989
How might a bank launder $10 billion dollars, or 1,000 tonnes in gold? (Ten billion is a
nice, round number, which conveniently matches the ‘market rumors’ of how much gold
the Deutschebank has borrowed from the Bundesbank, i.e., how much gold the
Deutschebank has put into the market. This is about half of the amount reported stolen
from the Russian treasury in 1991.) There are two possible ways.
1. If laundering gold, a German bank would “borrow” $10 billion in gold from the
Bundesbank with the publicly acknowledged intent to sell it on the open market,
(to facilitate the carry trade, producer hedging, etc.) Then it would put the
Bundesbank gold in its own vault and launder $10 billion in Russian bullion.
Ultimately, the German bank would have to re-purchase $10 billion in gold, to
create a record of repayment to the Bundesbank. Unfortunately, doing so would
create a physical gold imbalance on its own balance sheet. What would need to
happen is that the bank would need to create the financial transaction of a gold
purchase, without ever actually receiving the physical gold. A gold future from a
gold producer or bullion bank would work for this.
2. Another option for laundering gold would be to turn over to the buyer of the gold
a “gold future certificate” saying the purchaser could take delivery of gold from a
producer that had promised the gold to the bank, and then launder the stolen gold
through the mining and production company. The mining and production
company could claim the gold came from either the mine or a bank.
How could this be done? Quite simply, by buying, creating or corrupting a major gold
producing company, that would be willing to facilitate such a fraud. The steps to doing
so might be:
1. Create a major gold mining and producing company.
2. Attract capital from a few significant investors that would have a tendency to avoid
intense scrutiny of operations.
THE SEPTEMBER 11 COMMISSION REPORT Page 164
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