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with the big drop in gold recently....

bronco2078bronco2078 Posts: 10,202 ✭✭✭✭✭
in Precious Metals


It should be pretty easy to return the gold to Germany now right? image

Comments

  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>It should be pretty easy to return the gold to Germany now right? image >>



    Now thats funny as it implies we have the gold to give back image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Should be interesting.....what is the current status?? Cheers, RickO
  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    Gotta wait for the leases to expire. Those that leased at high dollar may not be able to fullfil their lease agreement and replentish what they leased. Defaults such as this can create some big problems.

    Might need a bailout. image

    Gold Tsunami coming? You know, the kind where the tide rushes out right before the big wave.

    "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

  • CoynCoyn Posts: 194
    Think they might accept Treasury Bills as payment?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Even with the massive drop in gold price we've seen the past several months I don't think 700+ tonnes of gold was procured to pay off the Germans.
    Much of that gold went to Asian nations.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • bronco2078bronco2078 Posts: 10,202 ✭✭✭✭✭


    << <i>Even with the massive drop in gold price we've seen the past several months I don't think 700+ tonnes of gold was procured to pay off the Germans.
    Much of that gold went to Asian nations. >>




    How much gold has come out of ETF's since april?
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