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<p>[QUOTE="medoraman, post: 1856232, member: 26302"]Yes, the German thing is curious. However, think about it this way, why should the Fed have to physically hold it for free? There is a ton of expense in this. So, my guess is that it was lent to a financial institution with the werewithal to make good on the debt when needed. I believe the Fed is simply unwinding those positions. We might as well make some money holding someone elses asset, if they aren't paying storage charges. </p><p><br /></p><p>Did you hear the French hadn't sent back one ounce from the gold they owe the germans?</p><p><br /></p><p>But, I agree it was an interestig point the article could have simply covered, and not twisted it into another propaganda piece. Again, I am not trying to bad mouth pm at all posting these articles, just to continually show there is some severe bias in pro pm reporting, just like in anti pm reporting. I simply wish people to recognize bad reporting and/or manipulation attempts.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1856232, member: 26302"]Yes, the German thing is curious. However, think about it this way, why should the Fed have to physically hold it for free? There is a ton of expense in this. So, my guess is that it was lent to a financial institution with the werewithal to make good on the debt when needed. I believe the Fed is simply unwinding those positions. We might as well make some money holding someone elses asset, if they aren't paying storage charges. Did you hear the French hadn't sent back one ounce from the gold they owe the germans? But, I agree it was an interestig point the article could have simply covered, and not twisted it into another propaganda piece. Again, I am not trying to bad mouth pm at all posting these articles, just to continually show there is some severe bias in pro pm reporting, just like in anti pm reporting. I simply wish people to recognize bad reporting and/or manipulation attempts.[/QUOTE]
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