germany recalls alll gold from U.S. and france

On BBC they said it was placed here for "safekeeping" during the cold war, when there were concerns of a soviet invasion, and that the amount held in the US was 34 billion.

German philosopher Friedrich Hegel: "The only thing we learn from history is that we learn nothing from history." Ironic innit?
Seems they're on their way to European domination without a single shot being fired

You wanna inspect the treasure HOW?!?
Lol, Gustavus, you may want to change that...!

Kitco News 1/16/2013

Interestingly, the German central bank, the Bundesbank, on Wednesday said it is bringing back to Frankfurt a significant portion of its gold reserves that have been stored in New York City, and all of its reserves held in France. The move will be gradual. The Bundesbank downplayed the move and said it was not because the bank expects a worldwide crisis or because it wants to become more active in the gold market. No matter what the Bundesbank says, it’s obvious the move is because it has less confidence in the precious metal being stored outside German borders. I find it interesting that so many so-called investment advisors and experts do not advocate individual investors holding much gold, if any, as an investment asset. Yet, the central banks of the world hold massive amounts of gold, and many of them are presently in an accumulation phase.

yep accumulate metal good plan

Originally Posted by olddude

not sure what this all means but maybe one of you can figure it out.

a bit worrisome they are moving it out of the U.S. the only reason to move it is for security.

I figured they might be thinking of ditching the Euro someday and going back to their own currency and want to have the gold handy during the transition as the rest of europe implodes. That and I would not trust ANY bank in NYC to not steal it and deposit lead instead.

Even if Germany has $100B in gold thats not a whole lot compared to what they owe or spend a year. The US has quite a bit of gold in reserve but even with these prices its only worth a few months of spending (and they can't legally spend it on anything but lowering the debt anyway).

Originally Posted by street_sweeper

...Yet, the central banks of the world hold massive amounts of gold, and many of them are presently in an accumulation phase...

if one central bank is buying gold then they all are. they are all controlled by the same people. only 3 countries left not under their control, Cuba, North Korea and Iran.
so it doesn't really matter where they store their gold. they will store it where-ever they believe it is safe.

If I were a betting man I would wager that the German banks are well aware that there is not enough physical gold in the Federal Reserve to cover a one shot transfer, three years give the fed time to quietly acquire the gold. In other words if everyone demanded their gold returned home someone would come up on the short end of the stick holding an IOU instead of gold.

Originally Posted by olddude

UNK: what does the government of the last 40 years or so have to do with legality (constitutional/ bill if rights)

this has been going on for a long time. It is just that now, They have shifted into Hi gear and foot to the floor.

"We are going to fundamentally change America" President Obama 2008

"We are on the cusp of welcoming into existence a new world order"
president G H bush 1991

one a "democrat ?" leftist ? the other a right wing Republican ?

Two heads, Same snake.