Germany Takes Back Gold: US Dollar Collapsing

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?

They'll get their bars.

Tungsten gold plated ones...

www.abovetopsecret.com...

Hmmm... central banks and governments are buying lots of gold lately. And now they are taking physical possession. Wonder what is going on?

I hope, for the sake of the people of Germany, that the ship or plane carrying their gold doesn't end up at the bottom of the Atlantic Ocean in a tragic accident while in transport. Watch CNN for a pending rash of international boating accidents.

IT is their Gold after all....and the Dollar is not collapsing but rather in a trading range.

Assuming the U.S. won't just say NO or give them tungsten (possible of course), the 'smartest' or shrewdest thing to do would be to raise enough gold to give to Germany while maintaining the illusion that there is a gold reserve.

This would be called "central banks calling in their reserves". And you know what that means? Higher taxes (and higher gold prices I would think).

Or if not higher taxes, it could mean the fed calls in their loans, causing other banks to call in their loans, causing a chain reaction. Or a simpler possibility is the fed will just print their way out of debt. Either way, not looking good.

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.

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.

You're making a big assumption that there is a supply to begin with. There is no proof that the gold is even there. It could have very well been stolen long decades ago.

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

reply to post by Lord Jules

Yes, that is correct. If it has been sold (stolen) that would be a problem....BIG TIME.

the dollar IS NOT collapsing. hit the "5-year" reading and you'll see
www.marketwatch.com...

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

And here I thought the markets were all very much made up and controlled...sheesh, what a fool I was...

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?

No, I guess is Germany's turn to ignore the international ban on her to have an army and weaponry. lol Then we can talk about FOURTH REICH!!! lmao

central bankers no longer trusting other central bankers. Well ge-wizzz batman

Originally posted by camaro68ss
central bankers no longer trusting other central bankers. Well ge-wizzz batman

Yeah when central banks start to turn on each other it generally isn't a good sign. If they start to openly attack each other then it will be obvious what is sure to follow.

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

Wow logic and common sense in this thread? What are you doing here. And yes the Germans have been stroring their Gold in other nations since the Cold War because they did not want it lost in an invasion. Since that is very unlikely now people have begun suggesting they bring at least some of it back.

"This year will go down in history. For the first time, a civilized nation has full gun registration. Our streets will be safer, our police more efficient, and the world will follow our lead into the future!" ~Adolph Hitler, 1935,on The Weapons Act of Nazi Germany

Originally posted by CosmicCitizen
IT is their Gold after all....and the Dollar is not collapsing but rather in a trading range.

Exactly, why is everyone preaching doom and gloom?

www.theblaze.com...

It is their GOLD. THey can take it back whenever they want.

It won't make the dollar collapse.

They are taking some back form France too. DOes this mean France is in trouble or the Euro is going to collapse....no.

They are going to get a real shock when they start doing assays on those bars. NO they are not Gold plated, they are tungsten bars with a very thick coating of Gold, about $50,000 worth at '90's prices.

I do hope this blows the lid off the gold scam and puts a bunch of Clinton era people in jail where they belong.

It seems to me that when gold is being bought or moved around, there is worry for fiat. Apparently we are not yet at the brink of a catastrophe just yet, but it is obviously on the horizon. And does anyone really doubt the coming distaster(s)?

China stockpiling rice,droughts, food shortages, weather disasters.....you think we can sustain a stock market and dollar year after year, when each year has been getting worse physically for humans?

Nope. Things are gonna give.

It's not just their US stake of bullion they're trying to repatriate - they're after their holding in the Bank of France also;

rt.com...

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

Wow ... Lets see QE infinity at 40 billion a month for the Fed to buy our bonds because nobody else will. Foreign countries calling in their Gold reserves and buying it like its going out of style. Inflating the currency exponentially with loans and printing. Yeah but hey fools are still doing currency trades so the dollar is just peachy and everything is fine... Do the math...

The stock market was at a record high right before the crash of 1929...