TreasureHunter
Well-Known Member
We're entering 2015 slowly and the "return" of Germany's Fed-held gold is still "in process". It should be finalized by 2020. According to plans.
I think the news of the Fed "not quite knowing" where 674 tonnes of gold bullion, appeared sometime in 2012. Media picked it up even more in 2013.
2014 is slowly ending and we're entering 2015. Roughly 5 years left until Germany receives it. By 2020, they should have the 674 tonnes.
Everyone can let their imagination wild and think about what they did with Germany's gold. But far more interesting to me is: what they are going to do and how that would influence the market
Several thoughts cross my mind with regards to this German gold issue:
...what are they (Fed) doing right now? (Yes, at this very moment... playing poker, tetris,... or, are they looking for the "gold bricks" somewhere in the basement like "where did we put those 674 tonnes?")
...if they are going to buy the gold back, then they need fiat to do so and they'd have to take that money out from somewhere: where?
...they could buy the gold with bonds.
...if they are going to buy it back, then it would make sense to "wait" for cheaper gold or manipulate prices down to buy all that gold up
...if the Fed starts buying that much gold, they will contribute to hurting the dollar - and who know how many other punches the greenback will have received by 2020?
...if Germany gets their 674 tonnes back in a single year, then that would be more than a quarter of the World's gold production
...they had Venezuela's gold, but not Germany's
...Germany is too quiet and it seems they were satisfied with the mere promise of "we'll give it back to you by 2020" - after not even allowing the Germans to review their gold, the Fed must have given them more than "just a promise"
...why not compensate Germany with the equal value in USD, so that Germany can buy itself the (physical) gold back? :lol:
...this is also debt and should be counted in as US debt
I think the news of the Fed "not quite knowing" where 674 tonnes of gold bullion, appeared sometime in 2012. Media picked it up even more in 2013.
2014 is slowly ending and we're entering 2015. Roughly 5 years left until Germany receives it. By 2020, they should have the 674 tonnes.
Everyone can let their imagination wild and think about what they did with Germany's gold. But far more interesting to me is: what they are going to do and how that would influence the market
Several thoughts cross my mind with regards to this German gold issue:
...what are they (Fed) doing right now? (Yes, at this very moment... playing poker, tetris,... or, are they looking for the "gold bricks" somewhere in the basement like "where did we put those 674 tonnes?")
...if they are going to buy the gold back, then they need fiat to do so and they'd have to take that money out from somewhere: where?
...if they are going to buy it back, then it would make sense to "wait" for cheaper gold or manipulate prices down to buy all that gold up
...if the Fed starts buying that much gold, they will contribute to hurting the dollar - and who know how many other punches the greenback will have received by 2020?
...if Germany gets their 674 tonnes back in a single year, then that would be more than a quarter of the World's gold production
...they had Venezuela's gold, but not Germany's
...Germany is too quiet and it seems they were satisfied with the mere promise of "we'll give it back to you by 2020" - after not even allowing the Germans to review their gold, the Fed must have given them more than "just a promise"
...why not compensate Germany with the equal value in USD, so that Germany can buy itself the (physical) gold back? :lol:
...this is also debt and should be counted in as US debt