[LadyBuck]

Does anyone believe the gold is still there?

[GeronL]

I don’t

[Army Air Corps]

It seems that Germany does. I, for one, think that most of it is long gone.

[Red Badger]

I don't, but it has to be somewhere........................

[KarlInOhio]

I believe the Fed got caught playing fractional reserve banking games with the gold. If Germany owns the gold and stores it at the Fed, the Fed could "lend" it to person A who then sells short (on paper) to person B. Person C then borrows it and sells it short to person D. So that same hunk of gold belongs to Germany, B and D while the Fed, A and C all are liable for the gold. If Germany demands physical delivery then the whole short sale chain falls apart unless the Fed can get some other gold. It's like a run on the bank emptying out the vault of all the real cash leaving the bank unable to pay other depositors and trying to call in their loans.

If you see an unruly line forming at your bank, you're smart to get into it before they run out of money.

The question is did Germany's contract with the Fed allow them to do fiscal tricks like lending it for short selling, or did they get caught with their hands in the cookie jar when the Germans contracted for undisturbed physical storage of the gold? It's like the difference between a checking account where you don't expect to get the same stack of $20 bills back from the bank and a safe deposit bank where you expect your money will be undisturbed.

[Obama_Is_Sabotaging_America]

Would the U.S. mint be producing gold coins if the U.S. held no physical gold?

[Obadiah]

The brain dead Obama/Hillary supporters.

[Pecos]

When the Brits got some of theirs back, it had been re-cast. A chemical analysis showed that the bars had been diluted with base metals between the date we got it and the date we gave it back. Who knows how many years this has been going on? No one that will ever tell. When you combine that with “quantitative easing”, the results look like the Weimar Republic.