Why Does Germany Need 7 Years to Repatriate Their Gold?

Hi,

Anyone wondered: why does Germany need 7 years to repatriate their gold?

Are they bringing it back brick-by-brick-by-brick-by-brick...?

674 tons are quite a lot (I'd love to have even a single ton) But not "that much" for a country. Especially not that hard to move for Germany.

Massive cargo ships, airplanes and trains could bring gold back. USA, UK, France holds their gold... or at least, they claim to have it.
For security reasons and vehicle accident-related potential risks, they could split it up in 50-100 separate transports. Doable in 3 months max!

Why do they need "sieben Jahren" ("seven years in German" - by the way)... to bring the gold back to the Bundesbank?
No matter how I look at it, I can't find a reasonable answer to that.

Do the Brits, Americans, French still have the German gold?

Ha ha ha, that's it! :lol:

Not long ago the Bank of England "lost" the German gold. I'm sure many of you read it in the news... :/

Why would be 7 years needed if the gold is there anyway?

 

So as not to shock the Fed who have enough of a problem with their fiat and IOUs

 

Doh, just stop asking difficult questions will ya.

 

Don't you realise that was a typo!?

They really meant 70 years!

 

Here's a pretty image graph thingy


From http://www.marketoracle.co.uk/Article38714.html

Apparently their gold has never been verified physically and Frankfurt doesn't have a register of their numbered gold bars

Another interesting graph from ZH,

 

a deep storage issue.

http://www.bloomberg.com/news/2012-...ast-shipment-of-repatriated-gold-bars-1-.html

 

From http://www.marketoracle.co.uk/Article38714.html

Apparently their gold has never been verified physically and Frankfurt doesn't have a register of their numbered gold bars

Another interesting graph from ZH,

Yup... http://forums.silverstackers.com/message-470437.html#p470437

This 7 year thing can only mean time to unwind whatever metal's being lent-out I reckon... or it's one big scam (again)...

 

The most popular cargo plane in the world is the Boeing 747-8F which can carry 154 Tonnes, there must be other reasons why 300 Tonnes from the U.S. to Germany will take 7 years. I've been wondering about this too.

The U.S. has previously moved hundreds of Tonnes in a very short time,

in 1968 for example:

"France backed out of the gold pool, and in one day, Friday March 8, 1968, 100 tonnes
of gold were sold in London, twenty times the normal 5 tonne day.

The following Sunday the US Fed chairman announced that the US would defend the $35
per ounce gold price "down to the last ingot"! Immediately, the US airlifted several
planeloads of its gold to London to meet demand. On Wednesday of that week London
sold 175 tonnes of gold. Then on Thursday, public demand reached 225 tonnes! That
night they declared Friday a "bank holiday" and closed the gold market for two weeks,
"upon the request of the United States". (So much for "the last ingot", eh?)"
http://fofoa.blogspot.com/2010/01/living-in-powder-keg-and-giving-off.html

 

7 Years to repatriate 300 tons when China managed 720 tons in 11 months. =S

http://www.zerohedge.com/news/2013-...gold-imports-soar-91-tons-2012-total-720-tons

edit - adding image for thread readability

Source: Zerohedge

 

9 billion is not that much in USD. Owning hundreds of tons of gold doesn't even get close to the fiat-propelled economy. Fiat makes the World go round, the World go round, the World go round...

 

Yeah Bernanke & Co print ten times that a month. :/

 

the dollar value wasn't the point the 160 tons return in two months was?

 

Yes and I think we have so much more "false value" that there isn't enough gold in the World to cover all of that. So currency debasement is highly likely!

Or, they could partly back them in gold, partly in silver, partly in platinum... mixed-backing? Not sure, but even all of Germany's gold couldn't bail Greece out!