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Bundesbank Taking it's Gold From New York Fed and Transferring back to Germany!
01-16-2013, 02:19 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
Quote:In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the "stability" of the entire monetary regime based on rock solid, undisputed "faith and credit" in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt, where just 31% of it is held as of this moment. And while it is one thing for a "crazy, lunatic" dictator such as Hugo Chavez to pull his gold out of the Bank of England, it is something entirely different, and far less dismissible, when the bank with the second most official gold reserves in the world proceeds to formally pull some of its gold from the bank with the most.

In brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending.
Read more: zerohedge.com

What does this really mean? Are we seeing the warning signs of currency collapse? What effect will this have on Gold & PM's?

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01-16-2013, 04:13 PM #2
Kreeper Griobhtha
Posts:11,167 Threads:770 Joined:Feb 2011
More misleading bullshit. What difference does it make which bank the gold is in if all of them are owned by the same few groups? It sounds like they are about to shake things up again.


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What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice
Anonymous Kritter Show this Post
01-16-2013, 04:54 PM #3
Anonymous Kritter Incognito
 


Until central banks are no more, it doesn't matter much where the gold is stored. German msm have recently announced that German economy is offically back in recession. Maybe they're some German patriots who want its gold stored at home, incase of euro implosion to hold over until a reconfigured market is in place.

But with the US eCONonmy on shaky ground, why not have what is yours at home, then abroad. When there are laws in place that the US Gov can in a crisis claim possesion of said gold reserves for its own needs. But there is far too much secrecy surrounding the reserves to get a clear understanding, of who has what and who owns what to another nation.

Read though the following and you can see how brazen the eurocomutards are in their plans for the next couple of years

http://ec.europa.eu/commission_2010-2014...int_en.pdf

http://www.consilium.europa.eu/uedocs/cm...134069.pdf
01-16-2013, 05:45 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
iagree.gif Kreeper - Shit's about ready to flow downhill again.


Great song / band AK reading.gif

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01-16-2013, 05:53 PM #5
Shadow Incognito
 
Morning JR hug.gif

Disarm people and go after their gold. Happened before.



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