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Originally posted by Common Good
Tell em good luck collecting- I am sure we still dont even know how much physical gold we really have.
Wonder if they will take skee-ball tokens instead?
Originally posted by CosmicCitizen
reply to post by Lord Jules
The Supply of Gold remains the same...it is just the location that changes. BUT it would be bullish for gold prices IF the gold was leased out and it had to be bought back before the Germans could take possession.
From the Bundesbank:
By 2020, the Bundesbank intends to store half of Germany’s gold reserves in its own vaults in Germany. The other half will remain in storage at its partner central banks in New York and London. With this new storage plan, the Bundesbank is focusing on the two primary functions of the gold reserves: to build trust and confidence domestically, and the ability to exchange gold for foreign currencies at gold trading centres abroad within a short space of time. The following table shows the current and the envisaged future allocation of Germany’s gold reserves across the various storage locations:
Originally posted by jimmyx
the dollar IS NOT collapsing. hit the "5-year" reading and you'll see
www.marketwatch.com...edit on 16-1-2013 by jimmyx because: add
Originally posted by doobydoll
So, once it's apparent to Germany that America no longer has the gold to give back, what happens then? Do the bailiffs go in?
Originally posted by camaro68ss
central bankers no longer trusting other central bankers. Well ge-wizzz batman
Originally posted by Hithe Merinos
UPDATE!
Bundesbank Official Statement On Gold Repatriation
From the Bundesbank:
By 2020, the Bundesbank intends to store half of Germany’s gold reserves in its own vaults in Germany. The other half will remain in storage at its partner central banks in New York and London. With this new storage plan, the Bundesbank is focusing on the two primary functions of the gold reserves: to build trust and confidence domestically, and the ability to exchange gold for foreign currencies at gold trading centres abroad within a short space of time. The following table shows the current and the envisaged future allocation of Germany’s gold reserves across the various storage locations:
From Zerohedge
Originally posted by CosmicCitizen
IT is their Gold after all....and the Dollar is not collapsing but rather in a trading range.
Originally posted by jimmyx
the dollar IS NOT collapsing. hit the "5-year" reading and you'll see
www.marketwatch.com...edit on 16-1-2013 by jimmyx because: add