Belgium Investigating Repatriation of All Gold Reserves

[House]

VTM-nieuws reports the Belgium central bank has confirmed it's investigating to repatriate all its gold reserves (227t)

[youtube]http://www.youtube.com/watch?v=jR_E9Vnnrb8[/youtube]

 

[No1joey]

Ha they know Euro QE is coming.

 

[phrenzy]

I know there's a lot of Chinese whisper echo chamber conspiracy theories around what happens to countries central bank gold that's deposited in Britain or the US, but what are the laws? Can it be loaned and rented out to third parties like personal savings in a bank?
I take it the repatriations are important because it's assumed that these reserves are being used for some tricky accounting to pump up gold reserve figures through loaning and borrowing or double counting?

 

[motorbikez]

what happens to countries central bank gold that's deposited in Britain or the US, but what are the laws? Can it be loaned and rented out to third parties like personal savings in a bank?

That is a very good question.
My personal take is the US and Britain to a lesser extent don't give a s--t about any laws and just do what they like. But I'd love to hear what anyone else's thoughts are on phrenzy's interesting question

 

[thatguy]

On way to make something cheaper is to make it seem like there is a lot of it... take one bar of gold and make it seem like it is many is the aim of the game

 

[smk762]

The more physical held by stackers, the less there is available per representative fractional piece of paper, the more fragile the house of cards becomes.

 

[TheEnd]

The more physical held by stackers, the less there is available per representative fractional piece of paper, the more fragile the house of cards becomes.

Sounds like a plan to me!