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Sorry dude, but we're broke.
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Sorry dude, but we're broke.
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Guess all the world is broke...
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Second, the US did not outright refuse to give them the gold - they reached an agreement that half of it would be returned by 2020.
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Did Germany have only paper gold? If so, where did the serially number bars go?
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Second, the US did not outright refuse to give them the gold - they reached an agreement that half of it would be returned by 2020.
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Did Germany have only paper gold? If so, where did the serially number bars go?
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jFYI
Just some figures...
Now
Overall German gold reserves: 3396 tons.
US "stock": 1536 tons.
UK "stock": 450 tons.
France "stock": 347 tons.
Germany "stock": 1036 tons.
As the Bundesbank decides in January to have 50% of the whole reserves "in town", the plan is moving 300 tons from New York and the bunch from France to Germany.
2020 plan
Overall German gold reserves: 3396 tons.
US "stock": 1236 tons.
UK "stock": 450 tons.
Germany "stock": 1710 tons.
All gold bought between 1951 and 1968 (or 1971), therefore no paper gold at all.
Greetings from Germany!