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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (29441)	2/12/2014 9:36:16 PM
From: Madharry	Read Replies (1) \| Respond to of 29622

What has been going on with germany's effort to get back some of its gold from united states sounds like fiction, but it seems to be true. gata.org the story as best i can piece it together, was that aways back germany wanted to inspect and audit the gold the new york reserve bank had been storing on its behalf here. that request was refused. germany responding to internal pressures then set up two seperate schedules to reclaim gold held in the us and also in france. in 2012 they had asked for 150 tons to be returned by 2015 and then in 2013 they had asked for some 700 million tons roughly 350 each from the usa and france to be returned to germany by 2020. so what happened ? in 2013 they 37 tons back , 32 tons from france 5 tons from the usa. and those 5 tons were somehow not the gold that germany had given the us for safekeeping it was some other gold. I guess in order to safe face germany has now decided not to pursue that original request for the 150 tons by 2015. The german officials responsible , i believe its the bundesbank refused to offer further details as to how the 5 tons of gold they did get back was different from the 600 tons or so sent to the usa during the cold war period. There are detailed information about this at zero hedge and other places. The skeptic in me thinks that the gold the US owe the germans, is like our social security. its in the form of IOUs but we all know the US is good for it. Just give us time. If you dont want to own gold after reading this. i dont see why you would ever want to.