Lets go to Germany..

[Maggot]

Lets gather our gold and go! For some reason Germany who happens to be the central figure with a strong economy that supports the Euro.. Has decided they want physical gold rather than paper stinky linky Do they know something we do not? My crazy mind says yup you bareassed chimp ape you. I should oogle it and remember this was what I bet on.

[HairOfTheDog]

I can not go.

I'm expecting someone to come knocking on my door any day now to strongly suggest that I donate any gold items in my possession to the government. As a patriot, I must answer that knock and give up my golden stash so that it may be melded into the TRILLION DOLLAR COIN that will assuredly save the US of A from free fall debt and default.

I'm only half way kidding...

[Jimbone]

I'm thinking instead of the trillion dollar coin, they should perhaps consider using some of the money they are printing to buy magic beans.

[username]

The magic beanstalk! *not listening*

Heard another report today that California has the highest tax rates and most government dysfunction/waste. Nice.

[Jimbone]

Oddly enough, in planning the exit from NY 'going to California' didn't make the list of places to look.

[HairOfTheDog]

I think what we're seeing here with the German financial authorities is a lack of confidence in the financial stability of the countries currently holding its gold reserves and/or skepticism by the German public regarding the integrity of their financial authorities' foreign holding policies. Kinda fuzzy on their true repatriation motivation and goals honestly, but that's what it looks like to me now.


It is official: Germany is set to repatriate a large share of its gold reserves. This is one of the most definitive measures the country has taken in light of the ongoing global crisis.

Earlier this month, the Bundesbank (Germany's central bank) announced its intention to take delivery of over half of its gold reserves by 2020, gradually transferring it to gold vaults in Germany.


The remaining half of Germany's gold holdings will remain vaulted in New York and London.

This means the Bundesbank will eventually remove 300 tons of gold (9,645,000 troy oz) currently located with the Federal Reserve in New York, and all of its 374 tons of gold (12,024,100 troy oz) with the Bank of France in Paris.

Germany's gold holdings of 3391.3 tons are second only to the 8133.5 tons which the United States allegedly holds.

According to official sources, the Bundesbank has taken these measures with the intent of reinforcing confidence domestically and to have "the ability to exchange gold for foreign currency within a short space of time".

What is striking is the sudden change of posture by the central bank. In a matter of weeks, the Bundesbank went from an absolute confidence in its counterparts, to an almost panic-like demand for the delivery of its reserves.

While similar measures taken by other central banks are often conducted unconsciously, today's action will not go unnoticed by the public.

Recently in October 2012, the Bundesbank responded to public allegations regarding the legitimacy of its overseas gold holdings saying, "for years, our gold has been stored by the highly esteemed central banks of the United States, Great Britain and France without provoking any complaints whatsoever – not by just any fly-by-night operators. Part of the debate in Germany has veered somewhat towards the absurd."

Further, Andreas Dombret, Executive Committee member of the Bundesbank, was quoted in a statement to the New York Federal Reserve as saying : "Please let me also comment on the bizarre public discussion we are currently facing in Germany on the safety of our gold deposits outside Germany – a discussion which is driven by irrational fears.[...] you can be assured that we are confident that our gold is in safe hands with you."

http://www.marketoracle.co.uk/Article38635.html

[aussiefriend]

Let's not.

[Maggot]

I bet they use there own planes. Imagine the possibilities if they don't.