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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.96+0.2%Nov 19 4:00 PM EST

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To: cmg who wrote (98125)1/21/2013 4:10:29 PM
From: Tommaso1 Recommendation  Read Replies (2) of 217898
 
>>>why the germans just don't take $$$$$ 17 Billion, and go out and buy their 300 tons of gold ...why wait 7 years?<<<

They don't want the Fed to start to suspect that owning gold might be a good idea. They don't want to start a bank run on gold. They might want to allow time for any gold lease or swap arrangements to be settled.

It's kind of as if you brother-in-law owes you, say, $10,000 but instead of asking for it all at once you ask him for $1,000 at a time in hopes of at least getting some of it back. You don't want him filing for bankruptcy and getting his debts discharged.
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