German Gold reserves in US. (32)
damshoppinmansfield, Nottinghamshire, England UK30 Threads 693 PostsStarting this year, the Bundesbank will remove 300 metric tons of gold from the New York Fed..
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damshoppin: Starting this year, the Bundesbank will remove 300 metric tons of gold from the New York Fed..
so just what does that mean? is that a good thing for America? I wouldn't think so---
actually sounds like our economy is fixing to get a lot worse--
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damshoppin: Starting this year, the Bundesbank will remove 300 metric tons of gold from the New York Fed..
Huh, I remember reading something about it, a few days ago ,can`t remember the whole article
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OkieChic: so just what does that mean? is that a good thing for America? I wouldn't think so---
actually sounds like our economy is fixing to get a lot worse--
actually sounds like our economy is fixing to get a lot worse--
The decision has left economists scratching their heads..So what they up to?
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The Bundesbank will repatriate 674 metric tons of gold from vaults in Paris and New York by 2020 to restore public confidence in the safety of Germany’s reserves.
The phased relocation of the gold, currently worth about 27 billion euros ($36 billion), will begin this year and result in half of Germany’s reserves being stored in Frankfurt by the end of the decade, the Bundesbank said in a statement today. It will bring home all 374 tons of its gold held at the Banque de France and a further 300 tons from the New York Federal Reserve, it said. Holdings at the Bank of England will remain unchanged
Germany’s Audit Court sparked a debate about the country’s gold reserves last year when it called on the Bundesbank to take stock of its holdings abroad, saying their existence had never been verified. German gold reserves, the second-largest in the world after the U.S., amounted to 3,391 tons as of Dec. 31 and were valued at 137.5 billion euros.
The phased relocation of the gold, currently worth about 27 billion euros ($36 billion), will begin this year and result in half of Germany’s reserves being stored in Frankfurt by the end of the decade, the Bundesbank said in a statement today. It will bring home all 374 tons of its gold held at the Banque de France and a further 300 tons from the New York Federal Reserve, it said. Holdings at the Bank of England will remain unchanged
Germany’s Audit Court sparked a debate about the country’s gold reserves last year when it called on the Bundesbank to take stock of its holdings abroad, saying their existence had never been verified. German gold reserves, the second-largest in the world after the U.S., amounted to 3,391 tons as of Dec. 31 and were valued at 137.5 billion euros.
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Nikogas: The Bundesbank will repatriate 674 metric tons of gold from vaults in Paris and New York by 2020 to restore public confidence in the safety of Germany’s reserves.
The phased relocation of the gold, currently worth about 27 billion euros ($36 billion), will begin this year and result in half of Germany’s reserves being stored in Frankfurt by the end of the decade, the Bundesbank said in a statement today. It will bring home all 374 tons of its gold held at the Banque de France and a further 300 tons from the New York Federal Reserve, it said. Holdings at the Bank of England will remain unchanged
Germany’s Audit Court sparked a debate about the country’s gold reserves last year when it called on the Bundesbank to take stock of its holdings abroad, saying their existence had never been verified. German gold reserves, the second-largest in the world after the U.S., amounted to 3,391 tons as of Dec. 31 and were valued at 137.5 billion euros.
The phased relocation of the gold, currently worth about 27 billion euros ($36 billion), will begin this year and result in half of Germany’s reserves being stored in Frankfurt by the end of the decade, the Bundesbank said in a statement today. It will bring home all 374 tons of its gold held at the Banque de France and a further 300 tons from the New York Federal Reserve, it said. Holdings at the Bank of England will remain unchanged
Germany’s Audit Court sparked a debate about the country’s gold reserves last year when it called on the Bundesbank to take stock of its holdings abroad, saying their existence had never been verified. German gold reserves, the second-largest in the world after the U.S., amounted to 3,391 tons as of Dec. 31 and were valued at 137.5 billion euros.
is this going to affect our economy?
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OkieChic: is this going to affect our economy?
Doubt it, the US was a secure place for Germany to store their gold during the cold war..
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damshoppin: Starting this year, the Bundesbank will remove 300 metric tons of gold from the New York Fed..
LOL
those Germans!!!!!!!!!!!!!!!!!
i guess thats why i dont like Germany
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damshoppin: Doubt it, the US was a secure place for Germany to store their gold during the cold war..
oh, ok that makes sense...wow can you imagine the security that's going to be on that flight! I'm sure they're not stupid enough to put it on a ship
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L_B76: LOL
those Germans!!!!!!!!!!!!!!!!!
i guess thats why i dont like Germany
those Germans!!!!!!!!!!!!!!!!!
i guess thats why i dont like Germany
hi LB
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well, the larger portion of the sum coming from France equals 374 tons. I wonder if it will have a impact there. Maybe no.
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OkieChic: hi LB
hey Okie...
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damshoppin: Starting this year, the Bundesbank will remove 300 metric tons of gold from the New York Fed..
AND THE CHINESE TONNES OF US DOLLAR WHICH THEY'LL NEVER SEE!
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
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Nikogas: well, the larger portion of the sum coming from France equals 374 tons. I wonder if it will have a impact there. Maybe no.
thats true---they may have to ship it....oh then here comes the pirates---I wouldn't want that job!
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EVERGREENS: AND THE CHINESE TONNES OF US DOLLAR WHICH THEY'LL NEVER SEE!
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
OK, and what is your reasoning in the 374 tons of Gold that they will be removing from France concurrently?
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EVERGREENS: AND THE CHINESE TONNES OF US DOLLAR WHICH THEY'LL NEVER SEE!
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
That Gold is not an Investment!
Don't know how you get to Investments from the OP's Post!
Sure can find some common traits between Mugabe,bin Laden and ASSad!
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Nikogas: OK, and what is your reasoning in the 374 tons of Gold that they will be removing from France concurrently?
since the Gold is property of Germany,rather than the Us,it wouldn't have an impact on the US Economy,except in the Hope of certain Lovers Of The USofA!
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damshoppin: Doubt it, the US was a secure place for Germany to store their gold during the cold war..
Yes, the USA, U.K. and France.
Germany first sent its reserves to foreign banks after the end of World War II for fears of it being in reach of a potential invading soviet army. Germany sent its gold to France, the U.K. and the United States for safekeeping.
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EVERGREENS: AND THE CHINESE TONNES OF US DOLLAR WHICH THEY'LL NEVER SEE!
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
So too many oil-sheikhs, and other ME Wealthmen, etc.
Just like mugabe,binladin,asad, and others!!!
The germans were wise they should move their investments, gold, etc elsewhere or challenge uncle SAM
u do have any idea how much tax evaded all over the world chinise send in china?
only in italy few yrs ago a few chinise factory evaded tax in italy for 1 billion euro...
most of that money have been sent back to China... due to workers without contract and fake Documents...
China now is powerfull why Chinise all over the world send back a load of money!
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Conrad73: since the Gold is property of Germany,rather than the Us,it wouldn't have an impact on the US Economy,except in the Hope of certain Lovers Of The USofA!
Yes, after reading a bit it might seem that other than our fee from housing their money and maybe the status of having the largest reserve even though it is not all ours., there is not anything I could see impacting us unless we were making plans to do as Carl-Ludwig Thiele, a board member with the Bundesbank stated.
“The gold held with the New York Fed can, in a crisis, be pledged with the Federal Reserve Bank as collateral against U.S. dollar-denominated liquidity.”
I think we will be just fine.
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Created: Jan 2013
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