To: Renfield
That's not what the article that is linked says.
It says Bundesbank is planning a phased relocation. It doesn't say the FED can't deliver if it was all requested tomorrow.
Just gold bugs trying to scare up some business.
"To this end, the Bundesbank is planning a phased relocation of 300 tonnes of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020.">
20 posted on
01/17/2013 2:16:38 PM PST by
DannyTN
To: DannyTN
Thank you for injecting some sanity into the thread.
25 posted on
01/17/2013 2:42:22 PM PST by
Moltke
("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
To: DannyTN
You and your stinkin’ facts can just ruin a really good conspiracy thread.
To: DannyTN
The Germans originally wanted to get ALL of their gold back at once. The "phased relocation" plan is a result of their recognition that they can't get all of it at once, because it isn't there, and the FED has to buy gold on the open market to cover the short (and the Bundesbank is doing this to prevent ordinary Germans from asking too many pointed questions). 300 tons in seven years is the FED's optimistic projection of what it can buy without raising too much interest in the American public.
Things will really get interesting as other countries press more vigorously for the return of their gold.
33 posted on
01/17/2013 4:03:06 PM PST by
Renfield
(Turning apples into venison since 1999!)
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