Something every gold bug knows "if you can't hold it you don't own it"
I hope they had insurance.
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Something every gold bug knows "if you can't hold it you don't own it"
I hope they had insurance.
Are they serious ? The problem of non-existent US gold reserves is 70 years old. France cashed out in the sixties and the gold standard was abolished in 1971 because the US were defaulting on their own bills
This article is about the German gold reserves, Not the US ones. Germany have Had some gold stored in New York during the cold war, Most of IT transfered Back to Germany in the begining 2000s. But some Portion remained. Every Country has some Form of their reserves stored within other countries (be it gold, prciuos Metals, USD). It's used as Backup or collateral for Trades between countries, in Case of a Default on either Side.
Why do you capitalize seemingly random words? Is this a translation artifact or something?
Somewhat, writing on a German autocorrect Keyboard instead of an english one creates this. And always setting my Android autocorrect to other languages is quite troublesome. I try to correct most issues though.
The gold is in your device.
That doesn’t really drive its current price though. It’s a fetish for some people who have a problem with current monetary systems in general.
The product of slavery is the device.
Most of the European Countries "safeguard" their Gold reserves in the USA, specifically in New York.
After the latest shenanigans all of the European gold should be returned , preferably under the authority of the ECB.
Can Germany all for its gold back? Assuming Hans Grüber's brother didn't get it first.
Germany did move gold from New York to Germany a decade ago. It is certainly possible, but obviously takes some time to do right. There might be other brothers after all.
It’s fine, they don’t allow dump trucks on the FDR
It is easier to buy and sell tons of gold if it is in one place. Then ut can be moved by moving paper.
The gold vaults are inventoried regularly.
Trump is a fool.
All great, until he decides those bits of paper are worthless. Would that be an insane move that would destabilise the whole world economy? Yes. Does that mean he wont do it? I see no reason to assume that.
Exactly, but given the current situation I am sure a lot of potential buyers would prefer the gold to be in a vault in Germany.
Would moving to the UK be an option? I remember they were a frequently used option by governments.