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[albitz]

Germany owns the second biggest (after the U.S.) gold reserves in the world.It keeps a certain amount of it in other countries,but has decided to bring some (possibly all ?) of it back to Germany.The official reason seems to be that they want to audit it,but surely they could send german auditors to the U.S. and elswhere to examine it.
Anyone got any other ideas why they would be doing this.Im mildly curious and pretty bored.

http://www.silverdoctors.com/germany-announces-intentions-to-repatriate-its-gold-from-ny-fed/

[Broomies Mate]

Gold is worth a shed load now, more than it has been worth since it was invented!

Germany is in the stink, same as every other country in the EU, but they have some serious wedge invested in this gold.

It's an asset which they can use when their economic system fails epically.  When held overseas, other countries can hold it as 'ransom' for debts owed.  That cant happen when it is in their own territory.

I speculate Germany will be leaving the EU in the next few years.


(I know Gold wasn't invented) #noedit

[Sir Tigger KC]

They're planning on leaving the Euro and want their reserves at home to back up the Neu-Mark... 

[Varche]

I read something about this a few weeks back. The reason given then was that the Germans were using smoke and mirrors and didn't actually have all the gold they claimed. This maybe will show the doubting Thomasinas that they do have the gold. ( How will we know that it isn't just being sent back as soon as it is audited only to be brought back again..............................

I like the suggestion that it will be better on German soil when they leave the euro. (Gerxit?) I bet every country in the euro has done a simulation of what would be needed in the event of euro collapse / leaving the euro.

I wonder if Mcruin ever has sleepless nights over selling our gold off so cheap? Idiot.

[Sir Tigger KC]

I wonder if Mcruin ever has sleepless nights over selling our gold off so cheap? Idiot.

No more than Blair has over Iraq I'd imagine... 

[Webby the Bear]

where'd they get the gold from in the first place?

[PhilRich]

How much of it is ACTUALLY theirs and how much was stolen during Hitlers time

[Sir Tigger KC]

where'd they get the gold from in the first place?

They nicked it about 70 years ago.... 

Doh! Must type faster.....

[Webby the Bear]

where'd they get the gold from in the first place?

They nicked it about 70 years ago.... 

Doh! Must type faster.....

 

[cem_devecioglu]

I hope they dont think what I think..  soon we will use all this currencies as a toilette paper which scares me really
 
if UK officially anounces to leave EU, I cant imagine the domino effect on markets and what will happen later..

[omega3000]

I hope they dont think what I think..  soon we will use all this currencies as a toilette paper which scares me really
 
if UK officially anounces to leave EU, I cant imagine the domino effect on markets and what will happen later..

+ 1

[Sir Tigger KC]

I hope they dont think what I think..  soon we will use all this currencies as a toilette paper which scares me really
 
if UK officially anounces to leave EU, I cant imagine the domino effect on markets and what will happen later..

Don't worry Cem none of our Dear Leaders have the backbone to pull us out of the EU. 

[Lizzie_Zoom]

How much of it is ACTUALLY theirs and how much was stolen during Hitlers time

Yep, and now it should be time for Germany to reimburse Great Britain for all its war losses!









Some hope!!!!

[PhilRich]

One of the reasons Greece is so deep in the Doo-Doo is that it's gold reserves were plundered by the Nazis and Post War Germany has turned a deaf ear to the greeks demands for it's return!

[Rods2]

Germany is getting ready for either a break up of the Euro, a Euro exit or a US default. In the 1930's the US nationalized all gold and made it illegal for all organisations and individuals to hold any other than jewelry.