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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (97886)	1/16/2013 9:17:12 AM
From: TobagoJack	Read Replies (1) \| Respond to of 219713

Let us watch n brief http://m.upi.com/story/UPI-66821358321400/ German gold move may spark 'chain reaction' Published: Jan. 16, 2013 at 2:30 AM FRANKFURT, Germany, Jan. 16 (UPI) -- Germany's plans to repatriate some 60 percent of its vast gold reserves stored in U.S. and French vaults "may trigger a chain reaction," a research group said. "This move by the Bundesbank may trigger a chain reaction, prompting other countries to start repatriating the gold stored in London, New York or Paris," the Center for Research on Globalization said in a note ahead of Wednesday's expected central bank announcement to bring home $115 billion in gold bullion stored at the Federal Reserve of New York and the Bank of France in Paris. "So far, only countries that have a strained relationship with the U.S. have resorted to gold repatriation," said the research group, based in Montreal. "Now, Bundesbank will be seen as walking in Hugo Chavez's footsteps." The Venezuelan president, now reported ill with cancer complications, repatriated $11 billion in gold bullion in 2011 and 2012 -- a move he called a "sovereign" step to protect his country's foreign reserves from the U.S. and European economic turmoil. "If gold repatriation becomes a worldwide trend, it will be obvious that both the U.S. and U.K. have lost their credibility as gold custodians," the research group said. The Deutsche Bundesbank's repatriation announcement was first reported by the Handelsblatt business daily. A statement from Germany's central bank said simply its news conference Wednesday would be about managing its 270,000 gold bars, the world's No. 2 supply after that of the United States. Handelsblatt said Germany would take back some of the 1,500 tons of gold bullion it stores at the New York Fed and all 450 tons held with the Bank of France. The reported decision follows criticism last year by a German independent auditing office known as the Federal Court of Auditors, or Bundesrechnungshof. The office said Germany's gold held abroad had "never been verified physically" and was not under proper control. This led to a growing chorus of lawmakers in the Bundestag, Germany's Parliament, to demand a return of all German gold in case the global financial crisis escalates, Britain's Daily Telegraph reported. Some Bundesbank officials have said there is little reason to keep gold outside Germany now that the country is reunified for more than 22 years and at peace. Most of Germany's reserves have been stored in other countries since the Cold War, following World War II, over fears of a Soviet invasion of West Germany. Germany's central bank plans to retain some reserves in London and New York for trading and liquidity purposes, Handelsblatt said. The gold held at the New York Fed is in a vault 80 feet underground in the bedrock of New York's financial district. Nearly 98 percent of the gold is owned by other countries. The rest is owned by the United States and international organizations such as the International Monetary Fund.

To: carranza2 who wrote (97886)	1/16/2013 5:52:27 PM
From: TobagoJack	Read Replies (3) \| Respond to of 219713

The boyz are discussing the technicals to pull an "Italian job" to engage w/ the 100 tons that may be w/i the facility. Boyz will be boyz, always for fun and challenge. Some would even go for 10+ years wagers. Speaking of 10+ years wagers, am thinking that maybe you collect the usd 1k from gps, buy some gold with it, and whichever way the cccp goes, based on above advice my bet would be more than covered, as gold is the china play which also doubles as a hedge for all other china plays as and when due, sell the gold and either turn over the usd 1000 + 1000 to gps, or turn over the usd 1000 to me Even odder is that there are folks that believe end-point to end-point stock (presumably some select index) would 'outperform' gold over the next 10+ years. I like optimism, especially when such continue to be based in local currency term. I believe at one point Zimbabwe share market was higher by 900,000% (percent) over a decade, but alas, not against gold. Wonder if the wagers considered the possibility that perhaps gold trading would be banned domestically and currency control could be full on de facto. Between demographics, fiscal this, competitive devalue that, inflation of the east, deflation of the west, and eventual investor exhaustion, I am not optimistic about stocks n bonds, unless they are gold related stocks n gold loans.