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


To: cmg who wrote (98125)1/21/2013 12:42:26 PM
From: Robin Plunder  Respond to of 217901
 
yes, it does seem strange, that the Central banks dont just print it and buy it...unless they are already short gold?

rofl....

rp



To: cmg who wrote (98125)1/21/2013 4:10:29 PM
From: Tommaso1 Recommendation  Read Replies (2) | Respond to of 217901
 
>>>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.



To: cmg who wrote (98125)1/21/2013 7:11:34 PM
From: TobagoJack  Read Replies (1) | Respond to of 217901
 
all should wonder about the german gold

at some juncture in the future the german repatriation of gold may well be termed 'the end of the beginning of gold suppression'

am also wondering why two years in a roll we experienced year-end drubbing of gold, and the immediate bounce back on first trading day of new year

didn't volcker at some point say he regretted not paying enough attention to smacking gold when he was taming inflation expectations?

and never mind the german ask for fed-stored gold, how about the ask for paris-stored gold ... is like asking for return of engagement / wedding ring

in any case gold makes for good wondering

i suppose the germans can simply buy some derivative to hedge the entirety of their 3xxx tons of not-missing gold and gradually sell off the hedge as the real gold rolls in from new york

for all we know the real gold could already be in either india or china