Posted on 02/09/2017 7:10:47 AM PST by Olog-hai
Germany has completed an effort to bring home 300 metric tons (330.7 tons) of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War.
The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September — the last of 300 tons slated for return. […]
Once the transfers are completed, Frankfurt will hold half of Germany’s 3,378 tons of reserve gold, with the rest in New York and London. […]
During the Cold War, West Germany kept most of its gold abroad for fear it could fall into the hands of the Soviet Union if the country were invaded. Another reason was to have the precious metal close to foreign currency markets in London, Paris and New York, where gold is traded. …
(Excerpt) Read more at hosted.ap.org ...
Now, the Muslims can get at it quicker. :0)
First, deduct whatever debt Germany owes us.
More likely control through digital currency and the destruction of paper currency. They may be simply preparing to get rid of small denominations, for our own good.
They should check the bullion to see if it is fake.
Some real skeevy things went down on Obama’s watch.
Gold is a barbarous relic. What would they need to protect it for?
//sarc
The EU has been planning a “cashless society” move for quite a while.
they’re worried about the Americans seizing German gold?
People have said for years that something was wrong...but I’ve never seen this mentioned.
Out of 330 tons, I wonder how hard it would be to spot 10 lbs. missing.........
I have no doubt they’re doing that, even in spite of Bundesbank president Carl-Ludwig Thiele’s claim of having “a trusting relationship with the Fed”.
So the Fed finally came up with 300 tons to give back to the Germans (I’d suggest the Germans test it), or about 1/5 of what the Germans think they owned in the US.
I’d like to see President Trump demand an inventory of US gold reserves and publish the findings.
That is, if there is anything still there to inventory.
After all - it does belong to we, the people.
“The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year.”
So is all our gold now at the Fed?
Too many reruns of Kelly’s Heroes.
And I have to wonder how many of those bars used to be gold fillings?
(oops, I forgot the current SJW narrative is that the so-called ‘Holocaust’ never happened)
I do wonder how much will turn out to be fake.
I wonder if the long time it took to ship it back was because the Federal Reserve was playing fractional Reserve banking games with the gold instead of boring and only slightly profitable storage. It took a while to untangle the German gold. Or else it was waaaaay in the back of the vault and they had to move crates of Beanie Babies out of the way to get to it.
...aaaaaand announce it to the world?
“why are they bringing the gold back home?”
Why would they trust a country that keeps interest rates at zero for a decade and the currency printing presses running full time NOT to steal their gold?
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