Germany wants its gold back

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https://www.rt.com/business/336405-germany-gold-reserves-return/

The Bundesbank has announced plans to repatriate some of Germany’s gold reserves from abroad. At least half of the country’s gold would be transferred to Frankfurt by 2020, according to Bundesbank President Jens Weidmann.

Weidmann says 366 tons of gold worth €11.5 billion have been delivered to Frankfurt so far. “There are now about 1,400 tons or 41.5 percent of our gold reserves here,” the banker said.

In October last year Germany’s gold reserves stood to around 3,384 tonnes, worth about €120 billion, which is the second largest in the world after the US.

Weidmann added the rest of the gold will remain in New York and London, which he says are as safe as Germany. In case of emergency, these reserves would quickly be converted on the markets in these cities, the banker said.

The Bundesbank has been criticized at home for keeping a major part of Germany’s gold reserves abroad. Critics are demanding the complete return of the gold to the country. They regard the gold as insurance if a crisis comes, and the immediate physical availability would be the decisive criterion.

When trying to move gold from New York in 2014, the Bundesbank met obstacles from US authorities when officials tried to inspect the German gold kept in US vaults.

“I’m no conspiracy theorist, but the Bundesbank should be able to audit the gold once a year like it does with reserves in Frankfurt,” Hans Olaf Henkel, a German member of the European Parliament, told RT.

Some even doubted the German gold is still physically there.

“We are still missing … published lists of gold bar number, even though the US Federal reserve publishes this list for their own gold,” said Peter Boehringer, founder of the Repatriate our Gold Campaign.

———–

“Weidmann says 366 tons of gold worth €11.5 billion have been delivered to Frankfurt so far. “There are now about 1,400 tons or 41.5 percent of our gold reserves here,” the banker said.”

they want it all back..where its safe..in their vaults..gold is security..fiat money is arse paper..

I’m no conspiracy theorist, but the Bundesbank should be able to audit the gold once a year like it does with reserves in Frankfurt,” Hans Olaf Henkel, a German member of the European Parliament, told RT.”

funny..

401

~ by seeker401 on March 26, 2016.

3 Responses to “Germany wants its gold back”

  1. Reblogged this on UZA – people's courts, forums, & tribunals and commented:
    Every country must demand their gold back; the perfect way to end the fed; in peace

  2. There has been problems with auditing & repatriating gold back to its original owners since the 70’s, when France tried to exchange dollar reserves for its gold that was supposedly being held in Fort Knox.
    Individuals in Europe have tried to take possession of their gold, supposedly being held in bank vaults, and the banks did not have it. They had to wait for months to take possession, and the gold came to them in various size bars & bullion, not in the bars & with the serial numbers they were originally told they were buying.
    If you buy gold & agree to keep it in someone else’s vault, you just bought nothing. And the imaginary gold you just bought will be lent out to people that want to short the market, screwing over your investment in that imaginary gold.
    It’s like reading the diary of a madman.

  3. Your gold is Ok – its in the big room over there but we just cant find the key at the moment and the guy who knows the code is on extended holiday .

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