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Who Stole Russia's Gold?

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GANGSTERS PARADISE

 

Commencing with a scam that would've made Ian Fleming's "Goldfinger" blanch in admiration, the Russian Mafia, along with outgoing Communist Party officials, "heisted" thousands of tonnes of gold bullion from Russia's reserves. Valued at $35 billion, Russia's gold reserves were estimated to be 100 million troy ounces - just under 3000 tonnes. Then in September 1991, a palpitating Grigory Yavlinski, the economic supremo, revealed to delegates at the Group-of-Seven industrial countries meeting in Bangkok, that a mere 240 tons were all that was left. Two months later, in November, even that had disappeared. "Not a gram of gold remains; the vaults are empty," said Victor Geraschenko, chief of Gosbank, the Russian Central Bank.

 

In one operation valued at $4 billion, over 300 tons were secretly shipped to Switzerland, some of it subsequently arriving in London. Unlike Britain, the Swiss authorities do not keep records of gold imports which makes it a favourite centre for disguising the point of origin - a very effective method of laundering suspicious transactions. The bullion, some sources now believe, was used as collateral in a secondary scam that set-out to vacuum-up all the available Rouble bank-notes in existence at the time and sell them at knock down prices to organised crime syndicates from around the world.

 

http://www.deepblacklies.co.uk/gangsters_paradise.htm

 

Organized crime and the former Soviet Union

 

The piece de resistance of the western-sponsored crime wave which pushed the USSR over the brink was, of course, the theft of the entire Soviet gold reserve of more than 2,000 tonnes of bullion from the Soviet gosbank vaults, a crime announced by Geraschenko to an astonished Russian parliament.

 

This crime remains 'unsolved' to this day despite extraordinary efforts made to solve it, including the highly- publicised hiring by Boris Yeltsin of a crack team of US private investigators, who came up with nothing.

 

In the chaotic circumstances of the time, it proved impossible to completely conceal gold shipments on such a scale, and the British Guardian newspaper reported in March 1991 that 500 tonnes of gold had been exported from Russia by the Soviet government, destination unknown, buyer unknown, purpose unknown. For some reason, this sensational affair was not reported on again, altho Hollywood later made a film in which US law enforcement agencies are depicted preventing Russian organised crime from stealing Russian gold.

 

This event happened in the period of the 'war of laws' between the declining Soviet and rising Russian powers. What happened to this gold? The only thing we know for certain is that soon after Yeltsin took power, the Russian Federation was able to launch a convertible rouble, thus something most observers assumed would take decades to achieve happened almost overnight.

 

http://www.marxmail.org/archives/February99/crime_ussr.htm

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Is that really true?......It's astonishing if it is.I'd never heard about that before.There is just one surprise after another these days.If that can happen to gold in a state vault.....No where is safe!

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quote Hollywood later made a film in which US law enforcement agencies are depicted preventing Russian organised crime from stealing Russian gold.

 

If you consider the theory about the US plotting with Saudi Arabia to drop the oil price during the 1980's to hurt the URRS financially then you would say Holywood got it wrong. You would then go on to say - a more realistic version would have been US law enforcement agencies aiding Russian organised crime from stealing Russian gold

 

And did Goldfinger from this site end up with the gold? ;)

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Is that really true?......It's astonishing if it is.I'd never heard about that before.There is just one surprise after another these days.If that can happen to gold in a state vault.....No where is safe!

That's just it, truth or fiction?

 

It would seem that Russia has a habit of losing gold.

 

The Soviet Period

 

Revolution and civil war brought the Russian gold mining industry to the verge of total collapse. In 1917 Russia produced 28 tons of gold, whereas the figure for 1920 was only 2.5 tons! The industry required a thorough overhaul. Disorganization paralyzed the recently nationalized major mines, but the smaller producers were also in disarray, and smuggling prospered.

 

The national gold reserve of Russia suffered much during this period. In 1915 it was as large as 1,338 tons (despite the recently lost war with Japan, and the outbreak of World War I), whereas by 1920 it was only 317 tons. About 300 tons were shipped to Germany under the terms of the Brest Peace Treaty, but the rest was lost as a result of the civil war. Parts of the reserve changed hands from the Bolsheviks to the White Guard and back. Of the 700 lost tons, about half were stolen or carried away to Manchuria by the retreating White Guards.

 

http://www.metal.com.ru/analytics/publication.php?id=181

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bump.

What happened to the Gold?

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