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Germany to repatriate & audit 150 tones of gold reserves from ny fed!!!
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<p>[QUOTE="Juan Blanco, post: 1616928, member: 41665"]Yeah Rono - interesting to go back to Page 1 and see who dismissed this "possibility" outright, 3 months ago. </p><p>Now it's FACT: 600 metric tonnes will be repatriated from the US Fed vaults (300mt now, 300 mt next year or so) about 1/3rd of the German stash in the USA. What effect remains to be seen, as other (reactive?) events develop.</p><p><br /></p><p>Ambrose Evans-Pritchard calls it a "watershed moment" and Jim Sinclair calls it a "privotal event" : both seems to concur with my earlier idea that it might be the start of the Big Bullion Scramble.</p><p><br /></p><p>I'll guess<i> if the US govt doesn't move against Gold</i> in the short term, the net result will be bullish for POG (next 3-9 months). The horse has already left the barn? Maybe. I also don't believe <i>future repatriations </i>(of the foreign Reserve in NYC) will be broadcast to the MSM and global gold-hoarders; from now on, the corrupt US govt will become ever more demanding/secretive about encumbered Gold remaining in "our" vaults.</p><p><br /></p><p><a href="http://www.cnbc.com/id/100382718" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cnbc.com/id/100382718" rel="nofollow">http://www.cnbc.com/id/100382718</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1616928, member: 41665"]Yeah Rono - interesting to go back to Page 1 and see who dismissed this "possibility" outright, 3 months ago. Now it's FACT: 600 metric tonnes will be repatriated from the US Fed vaults (300mt now, 300 mt next year or so) about 1/3rd of the German stash in the USA. What effect remains to be seen, as other (reactive?) events develop. Ambrose Evans-Pritchard calls it a "watershed moment" and Jim Sinclair calls it a "privotal event" : both seems to concur with my earlier idea that it might be the start of the Big Bullion Scramble. I'll guess[I] if the US govt doesn't move against Gold[/I] in the short term, the net result will be bullish for POG (next 3-9 months). The horse has already left the barn? Maybe. I also don't believe [I]future repatriations [/I](of the foreign Reserve in NYC) will be broadcast to the MSM and global gold-hoarders; from now on, the corrupt US govt will become ever more demanding/secretive about encumbered Gold remaining in "our" vaults. [URL]http://www.cnbc.com/id/100382718[/URL][/QUOTE]
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Germany to repatriate & audit 150 tones of gold reserves from ny fed!!!
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