http://www.zerohedge.com/news/2013-0...d-new-york-fed
I'm not an expert in finance...but that can't be good.
http://www.zerohedge.com/news/2013-0...d-new-york-fed
I'm not an expert in finance...but that can't be good.
Heh....
Nein, nicht gut.Originally Posted by TCinVA
If I was going to bid farewell to the Euro, and reintroduce the Deutschmark, the very first thing I'd do is get my gold back.
But that is just me.
The gold was kept outside of Germany officially in case of a Soviet overrun; to give the govt in exile some working capital. That threat is gone, obviously.
The unofficial reason much of it was kept in the WWII victors (US, France, UK) was to partially keep Germany under their thumb. That's not the case any longer, either.
There have been rumors for years that all the gold kept at the Bank of England, Banque de France, and the NY Fed wasn't actually there - was on paper but not in physical inventory. Additionally, tungsten filled gold plated bars have shown up in private transfers around world recently, and there have been requests for actual physical audits of gold reserves.
As the article notes, when Chavez wanted Venezuela's gold back everyone said he was crazy; the European banks were perfectly safe. Now, Merkel wants Germany's back, and not just from London and Paris but from New York.
Translation; We want our gold back before you idiots tank and we can't get it back. Thanks.
They're just afraid some badass might show up with an 8-round mag, outgun everyone, and take it all.
--Josh
“Formerly we suffered from crimes; now we suffer from laws.” - Tacitus.
Awesome.
Well played, sir!
Don't worry, John McClane will save the gold.
Again.
The Germans will have to ask Kelly, Big Joe, and Oddball for their gold back, not the government...
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