Germany’s gold repatriation changes the dynamics of the metals market. Germany received all their gold back from France right away. But the US government put them off for 7 years, probably by offering them some kind of premium to take their gold back slowly. The repatriated gold must be purchased on the open market. It’s also clear that Germany won’t be the last country to bring its gold home. The Netherlands is next and then probably Switzerland. It’s become a game of musical chairs. No one wants to be caught when the music stops. And make no mistake, it will stop. Everybody in the industry knows the US doesn’t have the gold and can’t deliver it. They’ve leased it all out.
I thougth I read all the info about the topic/nes. I never saw anything about the US putting Germany off. I did see the time period mentioned...but am questioning if it due to US saying they wouldn't give it all back.
Thanks in advance...I think we all make better decisions with shared information.