Yes I understand all gold money gold is held under bailment- but I'd be willing to bet that just like many other bailment arrangements, such as the Fed holding Germany's gold in NYC, that all the gold that should be there isn't.
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Goldmoney is a business, with no incentive to fudge the gold. @thelightreports.
Understand where you are coming from, though. With gold, the elephant in the room is an FDR type confiscation.
Appreciate your contribution & insight into this conversation. @thelightreports
The gold wasn't there? That's odd because Germany has received all the gold it has asked for ahead of schedule.
https://www.bloomberg.com/news/articles/2017-02-09/germany-gets-its-gold-back-faster-and-aims-to-finish-job-in-2017
Don't fall for all the conspiracy theories out there.
They got their gold ahead of an absurd 7 year schedule- what took the French only a few months to deliver equivalent loads of German gold- please save the conspiracy theory crap- the Fed resisted German auditors because the gold wasn't there. They printed Franklins 24/7 to buy the gold needed to fulfill the German obligation- and they called it 'quantitative easing'- $85B/ quarter printed.
I have a BS in Finance which helps me easily see the BS in western finance- PONZI SCHEME that apparently YOU have fallen for.
I understand the nature of fiat currency. I also have an understanding of the gold market. And I also know that the German government announced in 2013 that they wanted to repatriate one half of their gold to German soil. The US completed their delivery last year, while France has another 91 tons to deliver later this year, so yea, your knowledge is impressive.
I would like to see where the Fed could buy 300 tons of gold on the sly as you seem to be suggesting.
Need I go and dig to find the articles reporting the Fed's resistance to German auditors when Germany announced their intent to repatriate their gold? I watched this all going down- did you? While it was happening? I did
I remember thinking that was a bit odd, sure. But Germany's official stance was there was absolutely no reason to doubt that the gold was there. And guess what? It was there.
Sorry but NO it wasn't there- we went through all of this -QE facilitated getting the Germans gold back-Do you work for the Fed? What's your motive because it's obvious to me it isn't the truth???????
What proof do you have that it wasn't there? I haven't said anything about QE. How does the Fed buying a bunch of crap bonds facilitate Germany getting its gold shipped back to them?