Originally posted by Crakeur
Originally posted by ConspiracyNutjob
Bundesbank: "We want our gold."
Bernanke: "We don't have it, all of your gold has been sold into the open market to suppress the price of gold and keep the financial system afloat."
Bundesbank: "How long will it take you to recover our gold from the open market?"
Bernanke: "We can get you about 45 tons a year. We can only do it very slowly, we don't want the price of gold to escalate too fast."
Bundesbank: "Okay. We will tell the public that we are doing a transfer of 300 tons over 7 years and we are happy for you to hold the remainder of our reserves."
Bernanke: "But we don't have the remainder of your reserves."
Bundesbank: "That's okay. The public does not need to know. At least they can see that we are taking some action to verify our gold reserves."
Bernanke: "Good."
Making up conversations in your head doesn't make it real. Unless you can show us a single bit of evidence to refute the bundesbanks statement that they are planning on a 7 year transfer of gold from the US and France to Germany, then it's nothing more than fear and paranoia which, coupled with those imaginary conversations can make for a nasty cocktail.
Originally posted by ConspiracyNutjob
It was only three months ago when Germany were happy to have only 150 tons repratriated from the Fed. Now they want all of their gold from France and 300 tons from the Fed.
I never said a thing about the reason for the move. No doubt they'd rather have it on their soil, given the ever increasing risk of global economic calamity or the next world war. All I did was quote the Bank's statement that they planned on moving gold from the US and France to Germany. You then went and conjured up a conversation to back up your claim.
Originally posted by ConspiracyNutjob
Keep drinking the Koolaid dude.
Wow, you didn't throw in a sheeple reference as well. Very impressive.
It should be noted that the koolaid you suggest I'm imbibing, in this case, is a big vat of concocted conspiracy cranberry flavored koolaid, brought to you by those wonderful gloom and doom fear mongerers over at zerohedge. I suggest you use a straw when you drink it, the color stains your lips and teeth.
You are specualting that they do have the gold, while I am speculating that they don't.
US Gold reserves have not been audited since 1953!!!
The evidence is on my side chump.
