3 ms·
The blog post implies, without much proof, that it is the US Fed that is causing the gold to be moved slowly, which conforms to the blog posters political opini
by kasey_junk 10y ago
The blog post implies, without much proof, that it is the US Fed that is causing the gold to be moved slowly, which conforms to the blog posters political opinions.
It could of course also be that the German gold is not moving out of the US Fed quickly because the German central bank has promised it as collateral for something, or it is involved in some other financial deal. The Swiss for instance were able to move about this much gold out of the Fed during the same time period with no problems.
- tonfa 10y agoIs there anything on record claiming that the Bundesbank tried to withdraw more than 300 tons but was denied (besides the speculations)? Officially, they wanted to rebalance some of their holdings. The original plan was to remove 150 tons in 3 years, but due to undisclosed issues, that became a 300 tons withdrawal in 7 years, which was achieved three years ahead of schedule. I'm also wondering why all those articles assume that moving tons of gold is trivial, is there any description at what is involved in X tons of gold transportation (insurance / planning / protection / etc.).