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All Aboard The Gold Repatriation Train: First Germany, Next: The Netherlands?
Zerohedge.com ^ | Jan 16, 2013 | Tyler Durden

Posted on 01/16/2013 2:16:56 PM PST by Former Proud Canadian

While moustachioed managers, contrary to the far better insight of their superiors, and mainstream spivs are trying to talk down Germany's somewhat stunning shift in thinking - i.e. to repatriate its gold - as nothing but political pandering (or cost-saving); it seems, just as we predicted, the rest of the world are seeing this crack-in-the-confidence-armor the same way we have suggested. As we noted here, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best (then the second, or even the third perhaps) and sure enough, via RTL, we see the Dutch CDA party has requested that Holland's gold supply be repatriated. Who next?

The Dutch government says it has 612 tonnes of gold - with a value of around E24 billion - and is thereby in the top 10 of countries with gold reserves. The bulk of the Dutch gold reserves is in America and, to a lesser extent, in Canada and the United Kingdom. The rest, about 10 percent, is in Amsterdam.


TOPICS: Business/Economy; Canada; Foreign Affairs; News/Current Events
KEYWORDS: canada; gold; goldrepatriation; netherlands; repatriategold
In 1940 Holland moved all of its gold reserves, and it's royal family, to Ottawa for safekeeping. I guess they want their gold back.
1 posted on 01/16/2013 2:17:04 PM PST by Former Proud Canadian
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To: Former Proud Canadian

The announcement was this morning, and the gold bugs were pretty excited. But when it came, it was pretty disappointing. Germany will start bringing its gold back from NY and Paris, but it will do so very slowly, in small yearly installments.

Barry must have leaned on Angela Merkel.


2 posted on 01/16/2013 2:26:30 PM PST by Cicero (Marcus Tullius)
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To: Cicero

Leaned on or gave her fashion tips?


3 posted on 01/16/2013 2:33:08 PM PST by Fai Mao
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To: Former Proud Canadian
This administration has printed so much money, it's value has been depleted so much we're heading right into a bond collapse. It means super inflation for us. It means a second depression. The price of goods will skyrocket. Everything will double.
I think the leaders of the world are watching Oboma slowly destroy us, and they want to make sure their nations get through the fallout the best they can.

The gun debate is not only a gun grab (never waste a good crises), but it's also a distraction. The economy is about to get hit hard, and the Oboma administration is working on finding a way to blame it on fiscal conservatives. They're going to use the debt celing as their excuse, because most people don't understand what a debt celing is. Be prepared for this.

4 posted on 01/16/2013 2:40:49 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Former Proud Canadian
My only question is why is Germany not bringing all the gold home? Some kind of USA/UK threats of retribution?
5 posted on 01/16/2013 2:41:46 PM PST by veracious
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To: veracious
Some kind of USA/UK threats of retribution?

We have a lot of troops there. We send a lot of money their way. If we were to pull out all our troops, Germany would not only lose a huge part of their economy, they'd lose the additional defense.
Yeah. I think someone got a phone call.

6 posted on 01/16/2013 2:47:46 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Former Proud Canadian

Perhaps the Dutch will settle for some tulip bulbs? So valuable. Look at the pretty flowers!


7 posted on 01/16/2013 2:56:10 PM PST by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: concerned about politics

US military presence in Germany does not constitute “a huge part of [Germany’s] economy.” A welcome part, no doubt, but a very small part.

Conversely, the US would lose strategic bases close(r) to all the Mid East trouble spots. Including medical facilities used to treat troops wounded in Afghanistan etc.

The respective interests are pretty even, I’d say.


8 posted on 01/16/2013 3:16:27 PM PST by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: Fai Mao
Angela Merkel is great... Just look at the expression on her face and you KNOW what she is thinking.

.

In most cases, the thoughts are NOT complimentary, IMHO.

9 posted on 01/16/2013 3:21:52 PM PST by ptsal (E)
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To: veracious

Why, indeed? Repatriating gold reserves is something a country preparing to go to war does, and I highly doubt Germany is preparing for war. Maybe they think we’re planning on stealing it?


10 posted on 01/16/2013 3:32:05 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Moltke
The respective interests are pretty even, I’d say.

So what other weapon could Oboma use. I couldn't think of anything else he could use on them, but I'm not that well versed in German affairs - obviously.

11 posted on 01/16/2013 3:32:33 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Former Proud Canadian

LAST GOLD AUDIT...by Arthur Anderson, right?


12 posted on 01/16/2013 3:35:38 PM PST by ptsal (E)
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To: Former Proud Canadian

The bottom line here, I suspect that when Germany first asked for its gold back, it got a runaround, excuses why its gold could not be returned “right now”.

This was actually the third really huge red flag. The first was when it was noted that the public gold repositories in the Forex were not returning “original gold” that had been deposited with them, but “just any old gold”, to make good on its calls.

The second was after the hurricane, which was quickly used to justify not returning the gold “right now” again.

So Germany is probably so desperate to get its gold that it is willing to take partial payment, and the promise that it will eventually get all its gold back.

This current bunch in the administration, FED and treasury are so flaky that they might very well decide to either refuse to return it, or send Germany obvious fakes, then lie saying they were genuine when we sent them.

“And what will you do about it? Go to war with us?”


13 posted on 01/16/2013 3:49:26 PM PST by yefragetuwrabrumuy (Best WoT news at rantburg.com)
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To: Former Proud Canadian; All

Thanks for posting. Very interesting. Also, at zero hedge...

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

http://www.zerohedge.com/news/2013-01-16/it-will-take-fed-seven-years-deliver-300-tons-german-gold#comments

HOORAY Tyler Durden and the fantastic posters at zero hedge.


14 posted on 01/16/2013 3:56:01 PM PST by PGalt
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To: Cyber Liberty
"Why, indeed? Repatriating gold reserves is something a country preparing to go to war does, and I highly doubt Germany is preparing for war. Maybe they think we’re planning on stealing it?"

Or they suspect it doesn't exist.

15 posted on 01/16/2013 4:34:51 PM PST by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: Former Proud Canadian; All

Perhaps the Germans and Dutch watched this...

“How much of your wealth is allocated as zeroes and ones on computer servers? How much is physical, in your possession and defensible? If you can’t stand in front of it with an assault rifle and physically defend it, it’s not really yours.”

Around 4:00 minute mark...

http://www.youtube.com/watch?v=PfcSHlkDRLA


16 posted on 01/16/2013 4:58:16 PM PST by PGalt
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To: SnuffaBolshevik

A reasonable fear. I’d check the serial numbers and weight of the returning bars if I were the Germans. There have been a lot of gold bars that were just plated tungsten being passed around lately.


17 posted on 01/16/2013 4:59:01 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Former Proud Canadian; All

All aboard the gold train...(sorry O’Jays)...music to read this thread by... (H/T zh posters)...

http://www.youtube.com/watch?v=SvsAqkOhI48


18 posted on 01/16/2013 5:04:20 PM PST by PGalt
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To: Former Proud Canadian; Clive; exg; Alberta's Child; albertabound; AntiKev; backhoe; ...
To all- please ping me to Canadian topics.

Canada Ping!

19 posted on 01/16/2013 6:30:26 PM PST by Squawk 8888 (True North- Strong Leader, Strong Dollar, Strong and Free!)
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To: Cyber Liberty

I don’t think it’s completely unwise to question the stability of the US. if my country’s assets were held by a power of questionable stability I’d want to bring it home too.


20 posted on 01/17/2013 5:43:15 AM PST by muir_redwoods (Don't fire until you see the blue of their helmets)
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