German gold reserves hauled back to Germany - page 2.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: vokain on January 16, 2013, 01:03:12 PM

Quote from: Luno on January 16, 2013, 12:51:43 PM

Quote from: Lethn on January 16, 2013, 12:23:30 PM

Quote

The fact that German politicians doubt the honesty or quality control of held gold in the US is kind of worriesome. Quite a far fetched and hostile excuse to take it home.

Now you lot know how it feels to be on the receiving end of it all the bloody time Tongue

Lol. i'm neither German or American, It's just the absurdity of such news! If any of the arguments are real, it would set off a disaster in the markets.

Is it just Gold bug manipulation?

same with bitcoins..why would you let someone else hold them for you when you have the capability to secure them yourself?

It's not the same. With bitcoin there is no excuse for not securing them yourself. Gold "owners" will give all kinds of excuses why the don't take delivery.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: Luno on January 16, 2013, 12:51:43 PM

Quote from: Lethn on January 16, 2013, 12:23:30 PM

Quote

The fact that German politicians doubt the honesty or quality control of held gold in the US is kind of worriesome. Quite a far fetched and hostile excuse to take it home.

Now you lot know how it feels to be on the receiving end of it all the bloody time Tongue

Lol. i'm neither German or American, It's just the absurdity of such news! If any of the arguments are real, it would set off a disaster in the markets.

Is it just Gold bug manipulation?

same with bitcoins..why would you let someone else hold them for you when you have the capability to secure them yourself?

Luno

sr. member

Activity: 504

Merit: 250

Quote from: Lethn on January 16, 2013, 12:23:30 PM

Quote

The fact that German politicians doubt the honesty or quality control of held gold in the US is kind of worriesome. Quite a far fetched and hostile excuse to take it home.

Now you lot know how it feels to be on the receiving end of it all the bloody time Tongue

Lol. i'm neither German or American, It's just the absurdity of such news! If any of the arguments are real, it would set off a disaster in the markets.

Is it just Gold bug manipulation?

Lethn

legendary

Activity: 1540

Merit: 1000

Quote

The fact that German politicians doubt the honesty or quality control of held gold in the US is kind of worriesome. Quite a far fetched and hostile excuse to take it home.

Now you lot know how it feels to be on the receiving end of it all the bloody time Tongue

Luno

sr. member

Activity: 504

Merit: 250

Germany has the second largest gold reserve after the US. Last fall there were questions in germany about the the real size of reserves held abroad. So Bundesbank officials took on a world tour to count bars and bullions.

Now they want to take half of it home "for closer inspection". 150 tonnes from the US.

It's like a tax audit for the whole of EU. What if less is held than they thought? is the latest gold spike to $1700+ related to such a possibility? Are they afraid of not being able to get it if the ressesion deepens?

The fact that German politicians doubt the honesty or quality control of held gold in the US is kind of worriesome. Quite a far fetched and hostile excuse to take it home.

Fort knox has had forgery scandals in the past, but this seems like a statement of distrust in the US gold reserves.

If they get forged gold home, gold will skyrocket if they don't keep silent about it. If they get pure gold bars home, it won't acquit the US.
How is it that such a move of gold is not done covertly.

Topic: German gold reserves hauled back to Germany - page 2. (Read 2351 times)