Let's just hope that Mexico ensures that the gold being audited has not been leased out and is not encumbered or pledged (or hypothecated) in any way.
Those countries that are too slow in moving to repatriate their gold reserves will instead end up holding rotting, devaluing currencies instead of gold: sound money that can't be created in endless amounts out of thin air!
The EU and the IMF sold huge amounts of gold to China to fund their bailouts and liquidity problems. The Chinese do not take warehouse slips but insist on physical delivery. The Mexicans and others are right to be concerned if “their” gold is still in European repositories.
This repatriation of the gold that nations claim will soon lead to the unwinding of the world’s currencies. The value of gold is a myth, tied up in old claims that have never been resolved. This final resolution will no doubt eventually lead to war.
That would be better than gold plated tungsten in what way?
Goldbug ping.
Just because it is there doesn’t mean it hasn’t been sold to three or four other parties, or leased to a fourth. If Mexico wants its gold, it needs to build a vault in Mexico and move it there.
The Spanish Empire is the textbook example of why hoarding gold isn’t a ticket to long term prosperity for a nation. The true wealth of a nation isn’t even “natural resources”, it ultimately lies in the quality and nature of its people.
Germany asked for a fraction of its gold back and was told it would be sent in dribbles over time from now through 2020.
If it is to be sent in “dribbles” that clearly means that (1) the English have used it for collateral for other loans or (2) that they don’t have all of it.
The highest-stake game of musical chairs in the history of civilization has begun.
This is probably the definitive explanation of the coming monetary collapse:
http://www.silverdoctors.com/jim-willie-gritty-questions-on-the-historic-collapse/#more-22339
Don’t they have newspapers in Mexico? Gordon Brown (financial genius!) sold all the gold in England a few years back - at rock bottom price.
I don’t understand why all the countries store their gold elsewhere.... and then what prevents the one storing it to simply tell each seperate country the same pile of gold bars is theirs.