Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"

Zerohedge ^ | 06/23/2014 | Tyler Durden

[Dagnabitt]

So we stole their gold?

[2ndDivisionVet]

That’s what happens when you don’t acquire nuclear weapons.

[GeronL]

The vaults are probably empty

[InterceptPoint]

What would the Fed say if it was asked to buy the German gold?

Sell the German gold to the Fed and buy it back on the open market.

[Rusty0604]

It’s just not there immediately.

[Jonty30]

No, they aren’t empty. However, there are so many hands on each brick that it may as well be.

[uncommonsense]

“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”

I laughed when I read this.

[Rusty0604]

It is funny.

[Lurker]

The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”

Never believe anything until its been officially denied.

[Big Horn]

Does the US have any gold stored anywhere.?

[oblomov]

The fact that there is no gold was almost discovered in the aftermath of 9/11. Fortunately, GWB swooped in with his US treasury agents to prevent that from happening.

[PatrioticRose]

Not stolen, really...can you just wait a few minutes while we warm up the printing presses. Did you want that in bundles of $100.00 or $1000.00? sigh

[Ray76]

P. T. Barnum was right.

[Rusty0604]

People don’t understand that we are no longer “rich”.

[Norm Lenhart]

Its what happens when people stupidly elect lesser evils thinking it stays that way.

[2ndDivisionVet]

Nowhere you’ve ever heard of and “not to your knowledge, peasant.”

[ForYourChildren]

ok - I find this interesting.

“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”

This kind of statement makes me think of just the opposite.

They must now be aware that their gold does not exist, and that this statement needs to be made to give warm fuzzies about the world economy and the US in general.

I just have a hard time believing their worded statement.

[DannyTN]

So is this ZeroHedge telling all the people who went long gold based on ZeroHedges fantasies that they are screwed?

[Viennacon]

And we no longer have it. Germany would have better luck finding gold bullion in the camps of ISIS.