Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The Bundesbank unveils its gold repatriation plans, with an aim over the next 7 years to have...

  • Wednesday, January 16, 7:27 AM ET
    The Bundesbank unveils its gold repatriation plans, with an aim over the next 7 years to have half of its gold stored in its own vaults vs. 31% now. New York's share will drop from 45% to 37% and Paris from 11% to 0%. The move appears to be more about quelling a domestic political flare-up rather than a lack of trust among central banks.
Track new comments on this story

This news story has 9 comments:

  •  
    The golden rule. He who has the gold rules. Why would Germany have there gold held by a foreign power. I wonder if this gold is being counted twice?
    16 Jan, 08:06 AM Reply Like
  •  
    it's probably leased and used as leverage by half the financiers of the state it's held in.

    central banks might trust each other, but the polticians, do they trust the central banks?
    16 Jan, 08:21 AM Reply Like
  •  
    The BB should take all its gold back and also apply spot checks whether the gold is still gold.
    16 Jan, 08:26 AM Reply Like
  •  
    Finally....! But just a miniscule 8% in 7 yrs from US banks? That is repatriation of about 1%/yr... peanuts! The Germans are showing a lot more trust than most people would... or should! (I suspect they have not much choice in this matter.)

    I wonder on what grounds do US central banks justify their refusal to return German gold to Germany.
    16 Jan, 08:37 AM Reply Like
  •  
    Situation smells worse than dead fish.
    16 Jan, 09:14 AM Reply Like
  •  
    Certainly does...AS noted earlier, just 1% per year? They may be sandbagging that number. On the other hand, they could just be doing it slowly to prevent any shock to the system. Either way, I think there's much more to the story than meets the eye.
    16 Jan, 10:52 AM Reply Like
  •  
    Maybe they woke up one day and realized that a 'Soviet' invasion was no longer a threat. That simple. That is why the gold was farmed out in the first place, folks.
    16 Jan, 10:01 AM Reply Like
  •  
    Maybe this will be the catalyst necessary to actually have a gold audit in the USA that will verify what we say we have that is actually ours....I can just imagine the gold warehouse where pallets are labeled "Germany", "France", "Canada", etc and when a bar is needed on one pallet it can be borrowed from another.....and yes, do we have any bars of lead that are painted gold?
    16 Jan, 01:32 PM Reply Like
  •  
    ^ All these comments are from crazy people.
    17 Jan, 02:36 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Commodities Articles
More Latest Articles »