Posted on 01/20/2015 12:01:25 AM PST by Olog-hai
The German central bank, or Bundesbank, said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year.
“The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement.
“In 2014, 120 tonnes of gold were transferred to Frankfurt from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York.”
Germany’s gold reserves are the second-biggest in the world after those of the United States and totaled 3,384.2 tonnes this month, according to the latest data compiled by the World Gold Council. …
(Excerpt) Read more at news.yahoo.com ...
Tungsten to us...
She has accumulated sizable wealth over the past weeks.
Now I load up the delivery truck with the stuff I bought and charge her real money back.
Bingo. The Fed has perhaps rehypothecated the gold. Germany wants its gold back. Its like a game of musical chairs. Some country's gold is going to be found to be "missing".
Also, you are aware that rehypothecation of collateral involves no physical transfer of any kind, right?
Didn’t Kiev send its gold to Washington for “safekeeping”?
Tungsten to us...Oops! Thanks :-)
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