Germany to repatriate gold

Regarding logistics, those who think you can put it all in a big plane or warship have been watching too many Die Hard movies. Venezuela took 4 months to get 160 tonnes and since they didn't trust anyone you can take that as the fastest repatriation rate.

The US Fed is in the middle of New York with the gold down in a vault under the ground. You would be lucky to move a few tonnes at a time via elevators and then trucks all the way to the airport or bay where the warship is. Most Brinks trucks can take 3 tonnes at a time, so that is a convoy of 100 truck. A security nightmare locking down NY for at least a whole day to move it in one got. I can't believe I have to explain how stupid this is.
 
Yep, in some past some saw a conspiracy / shortage behind the long period that the gold 'repatriation' was scheduled at, alike the gold wouldn't be there anymore and they'd need to scrap it together from anywhere as to not be 'busted'.
In reality, transporting such an amount metal, such a huge value, in a secure way, is a logistical nightmare, and hence the scheduled long period.
 
Ha ha, logistics! How many years did it take to get there?

They can get a man on the moon faster!
 
Maybe they should use bitcoin? Isn't that the most secure way of storing, transporting, tracking and tracing wealth in these days of full spectrum surveillance?

They wouldn't get their gold and they wouldn't need to recast other people's bars, but they would get their very own bitcoin!

Need some hucksters to spruke the bitcoin instead of gold repatriation trade. It makes perfect sense that central banks should abandon gold for bitcoin. Maybe we need a bitcoin liberation army to join Max Keiser's bitcoin report to help make bitcoin the new gold.

Lets face it, it's not like Germany or even Australia need gold is it? Not when they just print up unlimited wealth at the stroke of a central banker pen. Give them bitcoin I say. It's as good as gold, with all the benefits of being virtual and traceable. ... Or maybe litecoin or joescoin or maybe the new and improved amerocoin or even the SDRcoin. The perfect cover for any charade.
 
Memo to Frau Merkel:-

Forget it! It is ALL GONE! We sold it, and leased it, and generally spent it!

We will send you a few tons every so often, and you can whistle for the rest, but it is ALL GONE!

Our own 8000 tons went the same way! Most of it all went to China, and we will NEVER see any of it again.

Luv, Ben!
 
sammysilver said:
Ha ha, logistics! How many years did it take to get there?

They can get a man on the moon faster!
Click to expand...

Yes exactamondo! I hope they take pm's with them next time....to the moon that is :)
 
Hans and Wolfgang were shown 5 or 6 gold bars (apparently this represented all of Germany's gold holdings in the US) and were allowed to look (not touch the gold or into one of the rooms) at "their" other gold. So what's the explanation behind not letting Germany properly audit it's own gold? Security and no room for visitors? Utter rubbish. There's a reason there's been no official audit of the FED's vaults since the 50's.

Here's a pretty image graph thingy
6j1zUiZ.png


From MarketOracle

We noted that it is going to take 7 years or 10 shipments a year to move it to Germany. This is odd because it can be done much faster. Are they allowing the banks from which it is being drawn to pull it back from those to whom it has been leased? If this is the case and they have to go out and buy the gold to supply Germany with, will we see the three central banks [the Fed, the Bank of England and the Banque de France] enter the open gold market as buyers of the gold they can't access in that time or has seven years been decided on because this matches the maturation of the leases?
Click to expand...

Putting the above in perspective, the amount of gold that Germany will have to wait 7 years for is shown in red. The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten :lol: . Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess... unless of course, the bulk of the gold in the column on the right has been rehypothecated numerous times to serve as collateral for countless counterparties, and it is no longer clear just who own what to anyone.
Click to expand...

24RiHYH.png


"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".
Click to expand...
Fofoa

7 Years to repatriate 300 tons when China managed 720 tons in 11 months?

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

http://www.zerohedge.com/sites/defa...ageroot/2013/01/China Gold Imports 2012_0.jpg
 
A USAF C-17 can lift 77 tons of freight, say 70 tons on a trans Atlantic flight.

Easy enough to figure how many flights and how long to get ALL the gold to Germany.

EASY!

...and as an example, during the Yom Kippur War in 1973, the US flew 50 ton tanks (M-60s i think) in C5a freighters, ONE at a time across the Atlantic to Israel to replenish losses.



OC
 
As comparison, Bron, would you happen to know how much Gold the Perth Mint would expect to move around the world in a year? Not necessarily just sell to retail customers, but in total movement?
 
Old Codger said:
Memo to Frau Merkel:-

Forget it! It is ALL GONE! We sold it, and leased it, and generally spent it!

We will send you a few tons every so often, and you can whistle for the rest, but it is ALL GONE!

Our own 8000 tons went the same way! Most of it all went to China, and we will NEVER see any of it again.

Luv, Ben!
Click to expand...

This is the true situation.
 
JulieW said:
Old Codger said:
Memo to Frau Merkel:-

Forget it! It is ALL GONE! We sold it, and leased it, and generally spent it!

We will send you a few tons every so often, and you can whistle for the rest, but it is ALL GONE!

Our own 8000 tons went the same way! Most of it all went to China, and we will NEVER see any of it again.

Luv, Ben!
Click to expand...

This is the true situation.
Click to expand...

There is a pretty big difference between knowing something with certainty and making a conclusion based on rational deductions.

I think it is rational to conclude it is very likely that the rehypothecating, fractional reserve dependent, gold pool manipulating bankers and politicians have leased, resold and otherwise irresponsibly and in bad faith leveraged the gold they hold.

But I think it is impossible to know with certainty that this is the case.

Its a question of trustworthiness and likelihood of falsification, which is probably able to be assessed against a matrix of motivation and prior history. I would place the likelihood in the upper right of this matrix.
852_manipulation_likeihood.jpg
 
Probably a bit unfair on BB and his motley crew,

It could be anyone from El Presidente down to the Treasury, or the Fed, or the local mafia.

The fact remains that a request has been lodged and it has been answered with a vague promise to deliver over many years. That means one of 2 things, the gold is NOT there and cannot be handed over, or the Gold IS there but they are playing funny buggers for some reason.

Either way, Germany is being shafted. She cannot declare a default without causing a BIG panic.

I know what I believe.

JMO


OC
 
Old Codger said:
Easy enough to figure how many flights and how long to get ALL the gold to Germany.
Click to expand...

It was probably too much to expect you to read my blog post, which if you did you realise the probelm has nothing to do with big planes, it is getting it to the plane.
 
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