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To: jiggyboy

“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.


6 posted on 01/31/2013 3:01:25 PM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: jiggyboy

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.


7 posted on 01/31/2013 3:09:55 PM PST by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: jiggyboy

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


8 posted on 01/31/2013 3:12:28 PM PST by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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