http://www.zerohedge.com/news/2013-...ommence-repatriating-gold-new-york-fed?page=1 Article on ZH stating Germany will be repatriating gold from NY and France. Trying to work out if it's legit or a hoax.
^ I think that is more the question that needs to be asked 99.99 Gold bars, now with chewy tungsten centres
Well according to the source website, Handelsblatt, the story is "Exklusiv" so there are no other source yet. They do claim an official announcement is coming in the next 1-2 days though. Long tungsten
So when you collect gold bars these days do you have to specify "soft centres or hard" like a box of chocs?
Don't they know that gold is for barbarians and real gentlemen stuff their vaults with bits of paper? But seriously, I think the ZH summary is sensationalist (what's new) because it is not very clear how much gold will really be requested, and over what time frame. For example, it is possible only a small percentage will be requested and that they will have a few months to make delivery.
I think the more pressing info is that they want all of their gold back from France -which you think they'd be less worried about since it's right next door.
Between the This, RawDog selling his stack, Obama fighting over the bloody debt ceiling abgain and the way the Japanese Finance minister repeatedly puts his (what can only be explained as) peppermint-flavoured feet in his mouth.... there's only 1 way for PM's to go.... and looking at the chaarts...that's where they're going.
Pfft...why would they bother asking for their gold back when everybody knows it's worthless. "HELLO SLAAAVES"
[youtube]http://www.youtube.com/watch?v=dFGFCt-oHC0[/youtube] [youtube]http://www.youtube.com/watch?v=fIQPkCR4E6k[/youtube]
One wonders how much of the "German" gold is actually theirs and how much was actually "acquired" should we say in war ?
If there is any taint there at all you can blame it on the Allies, http://en.wikipedia.org/wiki/Deutsche_Bundesbank#1948.E2.80.931957
There is now more press coverage, however they are regurgitations of the original article from the German newpaper Handelsblatt. 9am Germany is in about 6 hours or so, which is when the official announcement is supposedly taking place. Spot watchers get your popcorn.
You know it's a big story when Ninemsn starts covering it... http://finance.ninemsn.com.au/newsbusiness/8594134/germany-wants-its-gold-back-report
MSM is starting to pick the story up http://www.telegraph.co.uk/finance/...m-New-York-and-Paris-in-watershed-moment.html