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<p>[QUOTE=&quot;medoraman, post: 1903070, member: 26302&quot;]Do people think we were holding this gold, protecting it, for free? Try going to a bank or security firm and ask how much they would charge to safeguard billions of dollars worth of a physical asset. I would say at least 1% a year. I do not think we ever charged Germany. So, in my mind, we probably leased this out to high quality firms long term. So these leases need to get unwound over time in order to facilitate the gold being shipped to Germany. </p><p><br /></p><p>As an American, I do not have a problem with this. Why should we store and secure for free other countries assets? If we are storing it, we should have the right to earn some money off of it to offset our costs. I believe everyone knows this, which is why Germany was fine with a long term repatriation agreement. The gold is there IMHO, its just being used as a financial backing by some others as part of a long term lease.[/QUOTE]</p><p><br /></p>

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