Silver Wheaton Corp. Message Board
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Bendesbank is repatriating Gold out of NY
and commencing shipments back to Germany. Word is about 42% of Germany's Gold is held in NYC.
Not for long though.
Just search in Goog or Yahoo "Bundesbank and Gold".-
How do the Germans know it's actually gold they'll be getting, and not tungsten?
- 1 Reply to tristrem
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Why is Germanys gold in a New York vault in the first place ?
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Forgive my aforementioned typo on Bundesbank.
That said, this is possibly a watershed moment for the "conspiracy theorists".
Why would the Bundesbank remove that much gold,all of it, which represents about 45% of Germany's Gold holdings, and remove ALL from the French bank, which represents about 10% of their gold holding?
There certainly may be simpler explanations, but one thing comes to mind.TRUST
The conspiracy(please forgive the moniker)theorists contend,among other things, that the accounting of Central Banks is, well shall we say, "flawed". Ahem, ahem.
And if I didn't trust what they claim to have in physical, I'd call in my chips too!
The Bundesbank is essentially saying, we trust you, BUT, we'd rather hold our own gold if you don't mind.
This could really upend the market when others start asking for delivery.
Hmmmm
I wouldlove to hear other explanations for their repatration.
Anyone?- 4 Replies to cmegladon
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ABX papered Gold that was fake re PASCUA LAMA in the Chile side.
Knowing such, SLW offered an alibi to ABX for stole priced Silver.
Now ABX and SLW will respond before Chilean law.
Markets are reacting?
You have not seeing anything yet
better visit ABX boards now... for more... it may concern your pockets. -
you left out the UK withdrawal to Frankfurt
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Ahhhh ...
"We don't believe your numbers."
"Can we have our physical back."
"The explainations that You put forth are suspect."
"Give us our F&*%in Gold"
I guess I'm not a diplomate.
Sorry.
The arguement that Gold is not money is so thin. No it isn't paper dollars, it's better, it's convertible into anything - even Tuna.
Peace.
The game is getting very interesting. -
Just saw this...Apparently,I'm not alone and the chit is just starting to hit some fans.....
"Pimco’s Gross ponders if Bundesbank gold move means central banks don’t trust each other
January 15, 2013, 11:19 AM"
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