Greece Agrees to Give Up All of its Gold to Obtain Latest Bailout

[BullionDollarMan]

Italy is the real target IMHO.
With the fourth largest gold reserve in the world (2451.8 tonnes), it makes for one hell of a big pizza pie

 

[LovingtheSilver]

Hopefully the others won't be as stupid as Greece and just default, now that they know that they are after their gold.. and will most likely lose it if they accept bailouts.
I don't think they will be that dumb, the only way it will happen is if they install puppets like they have done in Greece, and where these puppets sign whatever their masters tell them to sign.
Greece.. damn, now the definition of taking it hard and fast over a barrel with no lube whatsoever, poor MOFO's.

On second thoughts.. maybe Italy is next, they have a muppet installed there already don't they?? Warm up with Greece then go straight for the mother lode.

 

[Aengrod]

Hopefully the others won't be as stupid as Greece and just default, now that they know that they are after their gold..

Funny thing is that Ireland is one of the PIGS. We dont seem to hear anything about Ireland in MSM (abroad), wonder if its because there are only 4.5 tonnes of Gold here. Nothing to pillage?

 

[projack]

 

[Alfie]

Wow, if the above is true and they are discussing 'taking' 111 ( all ) tonnes of their gold and than maybe do the same to those next in line ( Portugal, etc ) this will herald the birth of
a new factor ( which is very bullish for gold ) in the price of Gold.

It is now in the open and it seems that Greece will be the first to let go of their gold

How pitiful!

If this is a strategy of the banks taking gold reserves from sovereign states by the tonne, one would assume they would end up with a truckload. With this they can suppress gold market prices more effectively shaking out the weak hands to get more, and more, and more....bit bearish IMO.
However I could be completely wrong
Cheers
Alfie

 

[Simba]

The Roman Empire was a collection of vassal states with no autonomy. Greece is the first one to fall to the Revived Roman Empire, watch out.
The Roman Empire used legions to conquer a country and enslave the population, now Kensian economic theory is used

 

[JulieW]

DicKensian economics more likely.

And it is the Barbarians at the gate.
Rome fell to the german tribes didn't it?

 

[VRS]

Wow, if the above is true and they are discussing 'taking' 111 ( all ) tonnes of their gold and than maybe do the same to those next in line ( Portugal, etc ) this will herald the birth of
a new factor ( which is very bullish for gold ) in the price of Gold.

It is now in the open and it seems that Greece will be the first to let go of their gold

How pitiful!

Yes T - You've nailed it in one.

That is the plan.

:/

 

[aleks]

111 tons of gold in exchange for submitting to slavery under $170B of debt, which we know you can't pay back.

$1770 an ounce hay....