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<p>[QUOTE=&quot;chrisild, post: 1560280, member: 39&quot;]Wrong. Most of the German gold stored in New York, London and Paris was bought roughly 50 years ago (see below). It was not &quot;moved out&quot; but by and large stayed near the place of purchase. Of course the fact that New York is far away played an important role in the years of the Cold War too.</p><p><br /></p><p><br /></p><p>Weird theory. The gold reserves are primarily the result of the trade surplus in the 50s and 60s (so-called West German economic miracle). Once &quot;Bretton Woods&quot; was over, this system of piling gold up did not make much sense any more, but the gold reserve was for a variety of reasons not simply sold either.</p><p><br /></p><p>(Edit) Der Spiegel has just published an interesting guest <a href="http://www.spiegel.de/wirtschaft/soziales/zaehlung-der-deutschen-goldreserven-bringt-nichts-a-863062.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.spiegel.de/wirtschaft/soziales/zaehlung-der-deutschen-goldreserven-bringt-nichts-a-863062.html" rel="nofollow">comment</a> about this (in German) where Wolfgang Münchau writes about &quot;hyperventilating gold bugs&quot;. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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