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Their Gold is finally back home


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Old 02-11-2017, 10:37 AM   #1
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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



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Old 02-11-2017, 12:20 PM   #2
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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.



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Old 02-11-2017, 01:56 PM   #3
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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!

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Old 02-11-2017, 04:15 PM   #4
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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... )

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Old 02-12-2017, 01:59 PM   #5
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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.

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Old 02-16-2017, 10:11 PM   #6
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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.
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Old 02-17-2017, 05:23 PM   #7
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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.


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