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| Europe |
| Why Germany Wants to See its US Gold |
| 2012-10-31 |
| For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home. |
| Posted by:tipper |
| #13 The heirs of Sgt. Moriarty are laughing. |
| Posted by: Shipman 2012-10-31 19:30 |
| #12 if they ship it ... they'd better check that what they receive in Germany is 100% pure gold. :-) |
| Posted by: Raider 2012-10-31 18:28 |
| #11 They might even ask to have a few random bars cut open... |
| Posted by: mojo 2012-10-31 16:39 |
| #10 Who can blame them? Trust, but verify! |
| Posted by: Whiskey Mike 2012-10-31 15:18 |
| #9 Perhaps the Germans don't trust the economy of the near future. Perhaps they want to buy some Greek islands. most likely they want to mint it into coins and charge people to roll around in it like Scrooge McDuck. |
| Posted by: rjschwarz 2012-10-31 14:51 |
| #8 If you were to move the gold it might be best not to announce it. Perhaps arrange a trip for a super-carrier fleet to make port in Kiel and arrange for the gold and be ready to unload when it arrives. |
| Posted by: rjschwarz 2012-10-31 14:43 |
| #7 People in the US want to see the gold. |
| Posted by: JohnQC 2012-10-31 14:15 |
| #6 We went over this yesterday. That was 800 tons of Gold Ore, not actual gold. Basically rock that contains small amount of gold in it. I think somebody came out with the total of like $625,000 for the gold smelted from it. Yes, I killed the fun. I don't like joking about no gold. That brings up scary thoughts. |
| Posted by: Charles 2012-10-31 13:24 |
| #5 Boy howdy! Moving 700 tons of gold in one shipment is incredibly stupid, like the Russians did. That is about $28.6 billion. Worth a salvage trip at any depth. |
| Posted by: Alaska Paul 2012-10-31 12:51 |
| #4 That's not for reparations? |
| Posted by: Bobby 2012-10-31 09:33 |
| #3 Sorry, the vault has been flooded by Sandy. You'll have to wait, oh, 50 years or so. |
| Posted by: Spot 2012-10-31 07:49 |
| #2 If Germany's gold is shipped home, it may meet the same fate as that Russian gold ore just did. |
| Posted by: Anguper Hupomosing9418 2012-10-31 02:41 |
| #1 Well, yeah. Since half of it has been replaced with tungsten, they're wise to take delivery. The bankers will scream about the cost of transportation, but it's a small price to pay. As soon as a major customer finds their gold has been replaced with worthless tungsten, there will be a shitstorm as everyone goes to check at once. |
| Posted by: gromky 2012-10-31 02:29 |