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Author Topic: German gold reserves hauled back to Germany  (Read 2190 times)
n8rwJeTt8TrrLKPa55eU
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January 18, 2013, 12:57:08 AM
 #21

"Hauled" is not the right verb to be using in this context .... US fed can only deliver 50 tons per year for the next 7 years, basically is how long it takes to buy it off the mines I'd imagine.

More like a trickle and not even a majority of the holding will be repatriated. So basically the terms of delivery have been changed, i.e. would be called default in any other era.

Good news.  Based on this new standard of a 7-year grace period for delivery of monetary assets, Pirate hasn't yet defaulted Cheesy

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January 21, 2013, 06:15:36 AM
 #22

So they don't have any gold then. What other explanation is there for these shenanigans?

Also, is this a sign of global conflict to come? Is Germany just distrustful of the USA with it's gold or are they just making sure they have it at home when war erupts?

Also, if it becomes clear that the USA has no gold, how will this influence markets? Could it trigger the collapse of the dollar?
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January 21, 2013, 10:35:01 AM
 #23


Are you the Politician who sold the Gold?




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January 29, 2013, 07:35:12 AM
 #24

all that glitters is not gold

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January 30, 2013, 05:46:11 PM
 #25

It's important to remember that Europe is having its own issues right now so stunts that are a distraction are to be expected.

Not that the Germans don't have reason to be genuinely concerned, of course.

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