German repatriated gold recast ?
bronco2078
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Germany reports that it got 37 tons of its gold back from the fed. Rumor has it the bars were recast Gata
There has been talk of when or where 90% gold bars may start appearing . Obviously if melted coin bars turned up it would raise a lot of red flags that Fort Knox gold had reached the physical market.
Question , If the Fed was melting 90% bars and rerefining them into .999 bars to return to Germany what would stop them from stamping whatever numbers they needed to match up with on the new bars?
Fekete wrote in some detail about 90% melted coin bars but I can't find the article does anyone have a link?
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"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
<< <i>There has been talk of when or where 90% gold bars may start appearing . Obviously if melted coin bars turned up it would raise a lot of red flags that Fort Knox gold had reached the physical market. >>
I'm under the assumption that gold is quite easy to refine from .900 to .999+. If Germany was demanding all their gold for tomorrow, maybe that would be an issue and they'd be receiving payment in .900 bars made from coinage, or stacks and stacks of coins (why melt them if they are in that much of a hurry?). But given the 7 year window, there will be plenty of time for them to buy/find/melt/refine gold to make .999 good delivery bars.
Wonder what they're dong with all the leftover tungsten?
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Knowledge is the enemy of fear
If the Fed sold German bars long ago there is no telling where they reside now or if they were melted . I think if they recast gold and stamped the old german bar numbers on it , a chance exists someone could produce the original. 2 bars with the same number would probably cause a lot of requests for auditing storage facilities.