Posted on 01/17/2013 1:30:40 PM PST by Renfield
I think the key can be found in the New York Times article...
“At a packed news conference, Bundesbank officials attended by armed security guards demonstrated on Wednesday how they tested the bars for quality and authenticity. No two bars have exactly the same weight and purity, so each must be assessed separately.”
Every bar is gonna have to be weighed (VERY carefully) and tested for purity. That’s gonna take a while.
in other wordsm “you can’t have it back!”
well, it could take awhile to get it down to the last couple of percent accuracy
but the Germans can test it “pretty close” by just using a bath tub and a high school student who has learned about Archimedes
I bet the Germans will be very happy to clear out their gold now that way (if it is there!)
PSW: Stealing another country’s gold (or just “not letting them have it when they want it”) is, of course, an open Act of War....
If you wamt a job done efficiently, a private contracter is the way to go.
Thank you for injecting some sanity into the thread.
Bingo, we have a winner. You only have a piece of paper that says you have gold .... and that piece of paper is only worth the paper it is written on. Possibly, they will need to call Corzine in as a consultant. With a straight face he can say “damn, where did all that gold get to?”.
You and your stinkin’ facts can just ruin a really good conspiracy thread.
Hahaha, stuff em with tungsten, sorta like what we did during the mortgage crisis by bundling crap with good stuff and stiffing Europe. We are good at dat!
Have that same high school student do a report on the mass per volume similarity of tungsten to gold.
Then have them compare the spot price of tungsten to the spot price of gold.
(Hint: Tungsten $20-21 per lb. Gold $26,928 per lb.)
Then have them do a report on whether a nefarious person/entity would walk away from an opportunity to get a roughly 120,000% return on an investment.
It seems like a lot of trouble to move all that gold.
Why don’t we just cut them a slice off Obama’s trillion dollar Platinum coin.
No, no, no. You’re confusing that with President Obama’s plans for the Constitution.
Things will really get interesting as other countries press more vigorously for the return of their gold.
Ben Bernanke and the rest of the US Federal Reserve bet the farm that they could engage in countless monetary interventions, keep interest rates at zero, and print over $2 trillion in new money without damaging the US’s credibility.
They were wrong. Indeed, Germany just fired a major warning shot to the US Federal Reserve.
On Monday, Germany announced that it will be moving a significant portion of its Gold reserves out of storage with the New York Fed and moving them back to Germany.
A few background details.
Why would Germany suddenly decide that it wants to change a policy it has had in place for over 30 years?
More importantly, how did it go from wanting to audit its reserves to actually removing them from the NY Fed’s care?
In simple terms, Germany has just announced that it doesn’t trust the US Fed.
The world’s Central Banks have been staging a global currency way for several years now. Germany, China, Japan, and the US all want to keep their currencies weak to improve exports and minimize their debt loads.
In the case of Germany, it’s the second largest exporter of goods in the world behind China. More than anyone in the EU, Germany wants a weak Euro. However, every time the Fed announces a new policy, the US Dollar falls, the Euro rallies and German exports fall off a cliff.
Germany is now openly telling the Fed that it is done playing around. This will have severe consequences in the financial system.
Remember, the only thing holding the financial system together is belief in the Central Banks. If the Central Banks (it was Germany’s Bundesbank that is behind the Gold move) stop trusting one another or grow openly antagonistic, then things will get very bad very quickly.
For months now we’ve been asserting that the “improvements” in the global economy and financial system were a mirage. Germany’s move has confirmed this. If the financial system was in fact safe and the global economy was improving, Germany would not feel the need to repatriate its Gold.
Which begs the question, what exactly do German Central Bankers know that we don’t?
Willow: "What did you think, Buffy?"
Buffy: "Test isn't until tomorrow, right? I don't have an opinion till then."
Willow: "But you read it, right?"
Buffy: "Kind of not. I rented the movie."
Tara: "Oh, with Charles Laughton?"
Buffy: "I don't know. Was he one of the singing gargoyles?"
Willow: "Oh, boy."
Buffy: "I'm kidding!"
“but the Germans can test it “pretty close” by just using a bath tub and a high school student who has learned about Archimedes”
Nope. Tungsten is a fairly cheap metal that weighs almost exactly the same as gold. Testing it involves more than just measuring it’s specific gravity.
Book? Movie? Nuked or stolen, does it really matter as long as Pussy Galore is part of it? I didn’t think so.
Thanks. (Stealing their gold. Would be a clear act of war-—?)
Source?
Why are they using a phased approach to draw down the gold they have stored in Paris too?
ZeroHedge has been claiming the sky is falling for as long as I remember.
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