Posted on 01/31/2013 2:39:00 PM PST by dennisw
ping
The “game” is not chess, it’s musical chairs. If you’re the last guy, you go home without your gold.
They are moving their gold out of the US and France for the same reason.
“An interesting aspect of this story is that Germany has agreed to allow this transition to take place over the course of 8 years, which is a seemingly inordinate length of time, raising numerous questions ranging from the existence of the gold altogether to the complexity of the long standing gold leasing agreements. In either event, it seems the 8 year buffer is meant to allow as much time as is possible to prevent a complete fracturing of the gold reserve system.”
http://www.usagold.com/video/20130128.html
The terms “gold leasing agreements” and “gold reserve system” and the implications of this statement suggest to me that the custodianship is, at best, a little dicey.
It seems to me that if the gold were simply being held in the equivalent of a safety deposit box, it shouldn’t matter whether that box was in NYC under control of the Federal Reserve or in Germany under control of its owners. Anything more complicated than that raises the hair on the back of my neck.
Anyone with an IQ can see and question about why does it take so long to repatriate Germany’s gold back to Germany? And conclude that maybe we (USA) have to buy bullion on the open markets to give G bullion. Because we are out of it due to fraud
Are you aware that in the 1992 chaos most of the Russian Gov’t gold in reserve was stolen? Or was done previously.
So most USG gold (or does the FR lay claim ownership to it?) has been loaned out in gold leasing agreements. So is tied up and cannot be given to Germany in a timely fashion
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
Thank goodness I have someone to think 14 moves ahead for me. /s
Correct. The Germans are prudent, they see France and the US going socialist and appropriating their gold. I’d take mine, too.
great link am reading it all!! Yes the great fear of The US Treasury (or is it the Federal Resrve, who owns our gold?) is others will copy Germany and the Dutch and Swiss will be the first
Goldbug Ping.
Frighteningly insightful.
The German announcement mentioned New York, London, Paris.
Paris is the real source of fear. New York and London were noted to cover the moves out of doomed France.
Perhaps
Unmentioned was Switzerland home of the International Bank of Settlements
You should find on the internet how the USSR (Joe Stalin) stole Spain’s gold that was sent by ship to them. That was entrusted to them during the Spanish Civil war
Good read, thanks for posting the link.
Glad you all found it helpful.
bookmark
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