You are Unregistered, please register to use all of the features of Prepared Society!    
Prepper, Survival, Homesteading Forum > Off The Path > International Current News & Events >

Their Gold is finally back home


Reply
 
LinkBack Thread Tools Display Modes
Old 02-11-2017, 10:37 AM   #1
readytogo
ExCommunicated
 
Join Date: Apr 2013
Location: Miami,Fl, Florida
Posts: 3,392
Liked 3789 Times on 1686 Posts
Likes Given: 905

readytogo is on a distinguished road
Default Their Gold is finally back home

Is there a reason why? Do they sense something we don`t? Those crazy Germans are at it again?
Germany brings its gold stash home sooner than planned
http://www.msn.com/en-us/money/markets/germany-brings-its-gold-stash-home-sooner-than-planned/ar-AAmL8MH?OCID=ansmsnnews11



__________________
readytogo is offline  
 
Reply With Quote Quick reply to this message
Old 02-11-2017, 12:20 PM   #2
BillS
I sold my soul to the internet
 
Join Date: May 2011
Location: Appleton, Oshkosh, WI
Posts: 4,472
Liked 3518 Times on 1727 Posts
Likes Given: 338

BillS is on a distinguished road
Default

I'm more surprised that they got it back. AND got it back early. I wonder if that was part of some secret deal.

Most likely that with all the money printing done by the world's central banks a lot of countries are preparing for a gold-backed currency. Contrary to popular belief, you wouldn't need to back every single dollar with gold. Just enough gold to cover your trade deficit.



__________________

Life is hard but God is good.

BillS is offline  
CrackbottomLouis Likes This 
Reply With Quote Quick reply to this message
Old 02-11-2017, 01:56 PM   #3
Tweto
I love the smell of Argon in the morning
 
Tweto's Avatar
 
Join Date: Nov 2011
Location: , Nebraska
Posts: 2,811
Liked 4595 Times on 1618 Posts
Likes Given: 3273

Tweto is on a distinguished road
Default

This is not a new story, Germany has been working at getting their Gold (money) back for maybe 5 years.

For the past 5-10 years Russia and China have been buying as much Gold has they can, even Texas has asked to get their Gold back from the reserve.

Preppers should already know why!

__________________

When SHTF, only the paranoid survive.

Tweto is offline  
3
People Like This 
Reply With Quote Quick reply to this message
Old 02-11-2017, 04:15 PM   #4
Starcreek
Here a while
 
Starcreek's Avatar
 
Join Date: Feb 2015
Location: , The South
Posts: 1,153
Liked 5830 Times on 1059 Posts
Likes Given: 1865

Starcreek is on a distinguished road
Default

From Wikipedia:

In January 2013, the German central bank (Deutsche Bundesbank) announced plans to repatriate 300 tonnes of its 1,500 tons of gold from the US and 374 tonnes from France by 2020, in order to have half (1,695.3 tonnes) of its official gold reserves stored in Frankfurt.[6][7][8][9][10][11][12] The gold in the U.S. was earned by West Germany through trade surpluses in the 1950s and 1960s and was never moved out of the United States due to fear of invasion by the Soviet Union.[13][14][15] In 2013, a mere 5 tonnes were shipped due to logistical difficulties. However, Germany repatriated 120 t in 2014 (35 tonnes from Paris, 85 t from New York),[16][17][18][19][20][21] 210 t in 2015 (110.5 t from Paris and 99.5 t from New York)[22] and 200 t in 2016.

I remember when this happened, that Germany was P.O.'d because the Fed would not release all their gold. Maybe THAT'S why they want it sooner, rather than later. They may be concerned that theirs won't be there, if everybody else withdraws theirs first.

(Better check it for tungsten... )

__________________
Starcreek is offline  
4
People Like This 
Reply With Quote Quick reply to this message
Old 02-12-2017, 01:59 PM   #5
CrackbottomLouis
Winston Smith Sent Me
PS_SUPPORTER.png
 
CrackbottomLouis's Avatar
 
Join Date: May 2012
Location: Kennesaw, Southeast US
Posts: 4,779
Liked 16692 Times on 3545 Posts
Likes Given: 5523

CrackbottomLouis is on a distinguished road
Default

I'm surprised we had it to give back to them. I wonder whose gold we gave them? I was sure we had already sold theirs.

__________________

I once met a man named Galt.
He said it didnt matter who was at fault.
The looters will loose and moochers be d*mn*d,
Because Ragnar has a Colt!

CrackbottomLouis is offline  
3
People Like This 
Reply With Quote Quick reply to this message
Old 02-16-2017, 10:11 PM   #6
Resto
Resto
 
Resto's Avatar
 
Join Date: Sep 2012
Location: Yuma AZ, Arizona
Posts: 294
Liked 536 Times on 198 Posts
Likes Given: 496

Resto is on a distinguished road
Default

Quote:
Originally Posted by CrackbottomLouis View Post
I'm surprised we had it to give back to them. I wonder whose gold we gave them? I was sure we had already sold theirs.
A story I read said that the Gold we gave them was from scrapped jewelry. The bars were kinda crappy lookin. But gold is gold.
__________________

Luke 22 vs 36 "....he who has no sword, let him sell his garment and buy one...."


Resto is offline  
CrackbottomLouis Likes This 
Reply With Quote Quick reply to this message
Old 02-17-2017, 05:23 PM   #7
CrackbottomLouis
Winston Smith Sent Me
PS_SUPPORTER.png
 
CrackbottomLouis's Avatar
 
Join Date: May 2012
Location: Kennesaw, Southeast US
Posts: 4,779
Liked 16692 Times on 3545 Posts
Likes Given: 5523

CrackbottomLouis is on a distinguished road
Default

Quote:
Originally Posted by Resto View Post
A story I read said that the Gold we gave them was from scrapped jewelry. The bars were kinda crappy lookin. But gold is gold.
Suits in sunglasses hitting up pawnshops to pay back international debt? Now that's a funny visual with an awwwww at the end.


__________________

I once met a man named Galt.
He said it didnt matter who was at fault.
The looters will loose and moochers be d*mn*d,
Because Ragnar has a Colt!


CrackbottomLouis is offline  
2
People Like This 
Reply With Quote Quick reply to this message
Reply


Quick Reply
Message:
Options
Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Home school parents angry over plans to monitor their teaching tsrwivey Home Schooling 0 06-27-2014 05:32 PM
Finally back in the game! dixiemama General Preparedness Discussion 15 08-03-2013 05:18 AM
AAP Finally Comes Out in Support of Home Births Following Surge of Interest Among Pre jeremiyah Health & Medicine 5 05-06-2013 01:32 AM
China is taking their gold home and recasting it. BillS International Current News & Events 5 08-13-2012 01:05 PM