posted on Jan, 18 2013 @ 11:07 AM
The Germans started to pull their gold home as all of you know by now
. I got a few conspiracy ideas for you on this issue,
that I’ve been joking a little about last few days. Is Germany starting the end of the known currencies?
I found this little video clip from CNBC that is asking a similar question, here is a part of the transcript.
welcome back to fast money……..
let's talk about our market mystery, because this is a question that's been plaguing our traders all day here. look at that. the german bank is
bringing home its gold, saying, quote, by 2020, the bank intends to store half of germany's gold reserves in its own vaults in germany. the question
is, why is germany moving gold out of the united states? big question. why don't they trust us anymore? guy? well, lower manhattan, actually. couple
things. this was out yesterday and i wasn't here yesterday so i want to -- you've been thinking about it. when it came out and the conspiracy
theorists, i get all that. this is a huge story in my opinion, that is not a huge story now, but will be a huge story. why is that? because you have
to ask yourself, why would germany decide to do this? what do they see that the rest of us don't see that requires them to physically move this gold
out of lower manhattan and obviously in paris, as well, back to their borders? and i think that's really the question you have to ask. and the answer
is, it can't be anything good. and if you think this is the first time, it's not. because the wacko down in venezuela did it a couple of years ago
because people dismissed it -- because he's a wacko. right. if germany is going to be the last, they're not. people will line up and do this. you talk
about runs on banks? this could be exactly that. if everybody wants their metal back at once, you better hope, a, that it's there and b, we're able to
do it. and i'm telling you, the act itself is not bullish gold necessarily -- wait a minute. i have a question. question. go ahead. germany owns this
physical gold, so, why is there any risk that is everybody is pulling their gold out that it won't be there. give the exact answer. when i worked at
drexel berner, 1990, and you're going to say, you're a real back job -- i was going to say, you're old. we don't have time. drove the gold of central
banks. it was their gold, but we had it. when the bankruptcy hit, everything was frozen. though it was their gold, they had no access to it. beeks can
speak to this, as well. so, it's a lot better to have it in your possession than to have it in your possession in somebody else's vaults. the gold
market is a little weird. if you buy a share of stock, it's yours, it's in your account. that's not the way it is with gold. there's not necessarily a
serial number on every gold bar that says your name. is there maybe not enough gold in the bank? yeah, potentially. you sound like a real conspiracy
theorist. well, gold is lent out every single day through the london bullion market. it's lent everywhere. so, if you have everybody trying to come
after it at onetime, just look at what happened with mf global. a lot of people involved in that, warehouse receipts. took awhile to get that back,
so, you need to be concerned. i think the bigger picture is, why is germany doing this now. exactly. they've had it here for 40-some odd years. why
today? maybe they have their own vault. germany's got 10% of the world's gold reserves and to men, i don't think this is going to be a catalyst to
other people. i certainly don't think why it's that big of a deal to give germany their gold when it's not backed against anything. so, this is the
reason why people -- this is why gold is the thing people want to hold. there's nothing backing gold. there's mortgages. they don't have to worry
about the soviets, which is why they moved it here in the first place. let's think about why they moved it here in the first place. you don't think
it's a big deal and you do -- the netherlands, actually, have said they want their gold back, too. mystery. for now, it will remain a mystery.
2nd Link (video clip)
There may not be anything backed by gold at moment, but what if the petrodollar collapses within a near future?
Wouldn’t it be good to have some gold in such a situation, especially if at the same time the Euro collapses and the people rejects the coming
And this leads me to the second conspiracy idea, could there be a link to Mali?
Why only some of the gold and not all of it, do the Germans know US can’t bring back that much within the given timeframe?
Could there be a relation between the Mali invasion and Germany reclaiming its gold?
Mali is Africa's third largest gold producer after South Africa and Ghana. Mali produced 53,7 t of gold in 2009.
They are asking France and US to return the gold, France started and currently leading the Mali attacks, but the US will be pulled into this, when the
Al Qaeda story has been spun a little more.
Mali also got uranium mines, could there be a link between Mali’s goldmines, the Mali invasions and Germany wanting to bring its gold home?
edit on 18-1-2013 by Mimir because: (no reason given)