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So what ever happened to the German plan to repatriate their gold?

CaptHenwayCaptHenway Posts: 32,113 ✭✭✭✭✭
in Precious Metals
Anything new? An old friend heard the story and asked me about it, but when I google it the stories are all from late January.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    Nothing recent in the news, but it's a 7 year plan so I'd expect a shipment sometime within this year.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭
    I dont think you will hear anything more of such a plan.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    I would think they would keep this whole operation secret for security reasons until it's been accomplished.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭


    << <i>I would think they would keep this whole operation secret for security reasons until it's been accomplished. >>



    My thought was more along the lines of there being no plan.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭


    << <i>

    << <i>I would think they would keep this whole operation secret for security reasons until it's been accomplished. >>



    My thought was more along the lines of there being no plan. >>



    Why do you think "My thought was more along the lines of there being no plan." ?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    They will get their gold behind the scenes, and probably well in advance of 7 yrs. This type of stuff will escalate in the next few years and no one wants to be the last guy
    in line with a paper lien. Germany isn't going to stand pat for getting 150 tonnes over 7 yrs. That's the stupidest thing I've ever heard. Getting their gold from France
    right away at least makes sense.

    The Chinese learned their lesson about making public gold announcements when they added to reserves to reach 1,054 tonnes. You won't hear a peep out of them again until
    they reach 3,000-5,000 tonnes. Germany likely won't make any further announcements until all the gold is back in their vaults.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,788 ✭✭✭✭✭
    The real story is "Why does Germany really want its gold?" There is more to this than just them wanting it there instead of having it here.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>The real story is "Why does Germany really want its gold?" There is more to this than just them wanting it there instead of having it here. >>



    I'll tell you why and I don't blame them, with UFO's being sighted over Ft. Knox. From what I understand, the Aliens love Gold & have been mining it on Earth for Centuries.image

    Now for the next conspiracy theory.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,788 ✭✭✭✭✭
    those weren't UFOs, they were FED drones and they were armed with dollar bills.

    So, if they just want it there instead of here, why only a part of it?

    Why would a central bank only need a part of its gold reserves at its immediate disposal? I suspect to release into the market in the event a major bank or fund gets caught overshorted. Wouldn't be the first time.

    How soon we forget it is really all about the banks.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • razzlerazzle Posts: 987 ✭✭✭
    Ist vaiting fer der gefingerprinting gebringing...image
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>

    << <i>The real story is "Why does Germany really want its gold?" There is more to this than just them wanting it there instead of having it here. >>



    I'll tell you why and I don't blame them, with UFO's being sighted over Ft. Knox. From what I understand, the Aliens love Gold & have been mining it on Earth for Centuries.image >>



    Cowboys and Aliens...

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    What' the big deal, anyway? If someone wants to keep their own gold, why can't it just be shipped on over there? Everyone is acting like there' some kind of conspiracy, or something. I mean, the gold is right there in the vaults, isn't it? Well? Isn't it?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Steve27Steve27 Posts: 13,274 ✭✭✭


    << <i>

    << <i>The real story is "Why does Germany really want its gold?" There is more to this than just them wanting it there instead of having it here. >>



    I'll tell you why and I don't blame them, with UFO's being sighted over Ft. Knox. From what I understand, the Aliens love Gold & have been mining it on Earth for Centuries.image

    Now for the next conspiracy theory. >>



    That may be true, but the German gold is in the NY Federal Reserve Bank. I think they're afraid the giant mole people living below the subway tunnels might be trying to steal it.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "I think they're afraid the giant mole people living below the subway tunnels might be trying to steal it."

    Or maybe the Germans woke up one sunny morning and realized that they only had a certificate for their gold and not their actual gold.
  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭
    Maybe the Germans just want to give their gold back to the Poles, Czechs, Jews, Dutch,
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Maybe the Germans just want to give their gold back to the Poles, Czechs, Jews, Dutch, >>



    I think they already did.....but not the Swissimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭


    << <i>

    << <i>

    << <i>I would think they would keep this whole operation secret for security reasons until it's been accomplished. >>



    My thought was more along the lines of there being no plan. >>



    Why do you think "My thought was more along the lines of there being no plan." ? >>



    Because he likes to constantly poke a stick into anyones side who think it's OK to talk about PM's or owning them.image
  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭
    Yukon, are you OK?






    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Yukon, are you OK? >>



    Quote from yukon on another thread:

    "I think I will step away from this forum and not post until PM's actually start doing something so perhaps I will not post for a long time but I still believe that we haven't seen a blow off top in PM's yet."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    "I think I will step away from this forum and not post until PM's actually start doing something so perhaps I will not post for a long time but I still believe that we haven't seen a blow off top in PM's yet."

    One reason to read these posts and to make posts is to see how your opinions and logic stand up, whether there is new information or not. If you can defend your own reasons for doing what you do, you are a better investor for it. Everyone has somewhat different reasons, but we can all benefit from being challenged on one point or the other. And sometimes, you need a breather as well. Hang in there, Yukon!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • 1jester1jester Posts: 8,637 ✭✭✭
    Don't worry, the force is very strong with Yukon. He just has a low tolerance for BS.... image We don't see Silver Baron posting much either, but who can doubt both of these gentlemen firmly believe in the fundamentals of silver?

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
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