What if Germany's gold has all been leased out ?

Discussion in 'Gold' started by trew, Jul 16, 2013.

  1. trew

    trew Active Member Silver Stacker

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    The gold price began its long tanking soon after Germany requested 300 tonnes be returned from New York

    They were told it would take SEVEN YEARS

    What if the gold was all leased out and bullion banks had to buy back 300 tonnes on market ?
    Damn good incentive to push the price down if there ever was one


    http://www.mauldineconomics.com/ttmygh/what-if
     
    trew, Jul 16, 2013
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  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    It has been melted down. It probably sits in a Chinese vault somewhere.
     
    willrocks, Jul 16, 2013
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  3. Old Codger

    Old Codger Active Member Silver Stacker

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    Yep!
     
    Old Codger, Jul 16, 2013
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  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Thank you Trew, an interesting article.
     
    sammysilver, Jul 16, 2013
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  5. Midnight Man

    Midnight Man Member Silver Stacker

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    I've said just the same previously. The *ONLY* reason you would take 7 years, and refuse inspection of someone's gold is simply that you don't have it any more.

    Remember, in any puzzle, it's usually the simplest/most obvious answer that's the correct one.
     
    Midnight Man, Jul 16, 2013
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