The Germans don't trust their gold to be safe anymore in foreign nations. - Galt's Gulch

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The Germans don't trust their gold to be safe anymore in foreign nations.

Posted by Robbie53024 11 years ago to News

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Read and heed.

SOURCE URL: http://news.yahoo.com/germany-repatriates-more-gold-bundesbank-100251153.html

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Posted by fivedollargold 11 years ago

Coincidentally, $5Au has been thinking of sending his gold overseas before Dear Leader confiscates it.

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  Posted by Robbie53024 11 years ago
  
  Good luck with that. If they know you have it, it won't matter where it exists, they will get it.
  
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Posted by ObjectiveAnalyst 11 years ago

Prudent.

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  Posted by Robbie53024 11 years ago
  
  Well, it kind of depends. When there was concern about the physical storage locations (banks) being overrun (by the Soviets) it was probably good policy to have those stores distributed in places less likely to be over-run. Now, the risk of that is lessened (it would seem) and the risk of the storage facility (the Fed) "borrowing" those reserves may have surpassed the risks of local loss.
  
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Posted by jbrenner 11 years ago

Can you blame them?

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  Posted by Robbie53024 11 years ago
  
  Not at all. I bring it up as another warning sign.
  
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