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<p>[QUOTE=&quot;chrisild, post: 2707211, member: 39&quot;]Yes, it is all mine, dare not touch it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />&nbsp; As for moving that gold to Germany, well, it partly makes sense, and partly it is (a reaction to) paranoia. For many years the Bundesbank&#039;s gold reserves have been stored in the US, the UK and France. Some people here had doubts about the gold still being there, a few politicians even wanted to see the bars. Not sure whether they also had plans to personally melt them to check whether it&#039;s actually gold ...</p><p><br /></p><p>Calling this a &quot;repatriation&quot; is similarly alarmist, as most of that gold had never before been in Germany. Before the unification in 1990, only 77 (of about 3,400) tons were actually stored here, for various reasons. One of them was that locations &quot;further west&quot; were considered safer in the case of a military conflict, another one was that leaving the gold where you buy (and possibly sell) the gold is easier than shipping it to Frankfurt.</p><p><br /></p><p>Also, currency diversification played a role, which is why the Bundesbank&#039;s gold at the Banque de France will be moved to Germany completely. Since 1999 the two countries have had the same currency after all. The reserves in London (Bank of England) and New York City (Federal Reserve), however, will just be reduced. This will hopefully make the Bundesrechnungshof (Federal Audit Office) happy too. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> It had in previous years criticized the practice of storing so much at third party facilities and paying for that storage.</p><p><br /></p><p>And I do indeed hope that it will be more difficult to steal those bars, wherever they are stored, than stealing Mr Fuchsmann&#039;s gold beast ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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