Of course they have gold left. They said so on the TV. Anybody who questions the TV is a conspiracy theorist and a wierdo!
50 pct by 2020 http://www.reuters.com/article/2013/01/16/bundesbank-gold-idUSL6N0AL7T020130116 http://www.bloomberg.com/news/2013-...iate-674-tons-of-gold-to-germany-by-2020.html
% reserves Current -- 2020 Frankfurt 31% -- 50% New York 45% -- 37% London 13% -- 13% Paris 11% -- 0%
Official statement from Bundesbank: http://www.bundesbank.de/Redaktion/...013/2013_01_16_storage_plan_gold_reserve.html
Copied from the BBC's website today - "According to the BBC's Berlin correspondent, Stephen Evans, the German audit office has criticised the government for not keeping a proper track of the bars, It has even suggested some of the bars may not have been checked to see if they are real, he added." REAL ??? Wonder what the people responsible for safe keeping will claim if they are filled with tungsten rods ? Bet they were real when first handed over to the vault though.
Is this the first step to leaving the Eurozone? Germans would be correctly concerned about continuing to prop up PIGS.
So: Courts want to see the gold back, Media want gold back, People want the gold back; the only one that doesn't is ... the government.
Obviously physical gold and silver are the place to be now!! http://kingworldnews.com/kingworldn...Years_For_Gold_To_Be_Returned_To_Germany.html
What a joke, why so long to bring it back? Obviously it isn't there if they can only get it in dribs and drabs over 7 years, and that isn't for all of it. "Hey, we don't have your gold so we have to buy it from the market, if we buy it all at once gold will sky-rocket.. we can't tolerate that"
I am reminded of the old adage from Russia during the cold war era - "we pretend to work and the government pretends to pay us".
Fair point's but the question still stands, Why seven years ? If the whole point is to build trust and confidence domestically a 7 year timeline will not really achieve that will it? 12 months even would be ample time so as to avoid any perceived rush on things. And this http://thefundamentalview.blogspot.in/2013/01/let-gold-conspiracy-regarding-germany.html
I find it quite funny that the Court has to order the Bundesbank to take such action http://www.jsmineset.com/ http://kingworldnews.com/kingworldn...k_-_The_Entire_German_Gold_Hoard_Is_Gone.html So if I read this right the people of Germany are curious as to whether their gold actually exists and have had to get a court order so that the Fed bank of Germany will check and make sure that it exists. Libor, HSCB, Barclays, etc etc the very same people who are supposedly responsible for ensuring that the wealth of nations is infact intact and safe have to be told by a court to prove that it is, and then sort out an amicable agreement amongst themselves on how this will be done ? And Fort Knox was audited by who and when last ?
