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German gold repatriation

PostPosted: Tue Feb 28, 2017 4:32 pm
by 68Camaro
This one slipped by me, but last year Germany completed their partial repatriation of 300 tons of gold from New York that was started in 2013.

[link to a news source article added]
http://www.ctvnews.ca/business/germany- ... -1.3277507

Re: German gold repatriation

PostPosted: Tue Feb 28, 2017 8:33 pm
by daviscfad
Nice, and not surprising

Re: German gold repatriation

PostPosted: Tue Feb 28, 2017 10:52 pm
by Recyclersteve
Interesting- never heard anything about the successful portion of this. I sure hope they authenticated the gold before taking it back...

Re: German gold repatriation

PostPosted: Wed Mar 01, 2017 1:35 pm
by AlexTG
I firmly believe we never heard the successful completion of this story because it is not in the interest of companies that sell gold and silver to tell us when things go correctly in the market. Many gold sellers work simply on fear. So there is no point telling your customers that the US had enough gold to give back Germany all of its gold.

Re: German gold repatriation

PostPosted: Wed Mar 01, 2017 1:39 pm
by 68Camaro
Regardless, it's still a significant story that it took them 3 years to get back only 20% of their US stored gold.

Re: German gold repatriation

PostPosted: Wed Mar 01, 2017 8:19 pm
by SilverDragon72
Only 20 percent of it? Why should it take 3 years to get that back? I would hate to wait 3 years for anything....

Re: German gold repatriation

PostPosted: Thu Mar 02, 2017 12:06 am
by wolvesdad
Maybe Northwest Territorial was handling the fulfillment side.

Re: German gold repatriation

PostPosted: Thu Mar 02, 2017 6:24 am
by 68Camaro
Added link to a news source...

Re: German gold repatriation

PostPosted: Thu Mar 02, 2017 10:19 am
by pennypicker
wolvesdad wrote:Maybe Northwest Territorial was handling the fulfillment side.

Got a good laugh out of that one :lol:

Re: German gold repatriation

PostPosted: Thu Mar 02, 2017 5:21 pm
by SilverDragon72
68Camaro wrote:Added link to a news source...



Oh sure, THERE it is! :lol:

A trusted relationship with the Fed? :? 300 tons is a lot, no doubt.

Re: German gold repatriation

PostPosted: Thu Mar 02, 2017 9:55 pm
by InfleXion
When you can create money from thin air, buying up any quantity of gold is merely a matter of time. Now we have a litmus test for how long it actually takes. Though it may take longer in the future.