germany melts gold in USA before it transports it back germany

[MarkusS]

german authorities announced that the german gold which is stored in New York will be molten there under supervision of german officials, pressed in a new form and send to germany. That way any fraud tried from the americans can be prohibited. It will be 700 tons of gold. The gold in paris and london will also be transported back to germany but not be molten.
Bundesbank löst Golddepot in Paris auf - SPIEGEL ONLINE

 

[Hermione]

german authorities announced that the german gold which is stored in New York will be molten there under supervision of german officials, pressed in a new form and send to germany. That way any fraud tried from the americans can be prohibited. It will be 700 tons of gold. The gold in paris and london will also be transported back to germany but not be molten.
Bundesbank löst Golddepot in Paris auf - SPIEGEL ONLINE

LOL. Good luck with that. US is going to send only 50 tons a year, is it not? So just 350 tons in 7 years. Shame on USA, they have proven to be so untrustworthy, that even their own allies don't trust them.

 

[MarkusS]

LOL. Good luck with that. US is going to send only 50 tons a year, is it not? So just 350 tons in 7 years. Shame on USA, they have proven to be so untrustworthy, that even their own allies don't trust them.

In that case that was german decission, That entire transport is high risk. It is done in small steps to secure its safety.

 

[Sugarcane]

Good - United Snakes is not trustworthy, double check it and get all of your gold back before they find out an excuse to keep it.

 

[Hermione]

In that case that was german decission, That entire transport is high risk. It is done in small steps to secure its safety.

Cmon, India and China each import more than a 1000 ton of physical gold every year. So this only 50 tons in a year is a joke. It is basically because USA has no gold left. Should it start buying in the physical market, then their game of price suppression of gold will be over.

 

[MarkusS]

Cmon, India and China each import more than a 1000 ton of physical gold every year. So this only 50 tons in a year is a joke. It is basically because USA has no gold left. Should it start buying in the physical market, then their game of price suppression of gold will be over.

but they get it from different buyere in thousands of shipments. But we have one of largest gold reserves worldwide. And we dont want get it in one shipment.

 

[Hermione]

but they get it from different buyere in thousands of shipments. But we have one of largest gold reserves worldwide. And we dont want get it in one shipment.

Every week US can send one shipment of 50 tons. Also melting the bars to confirm they are not tungsten is being done because it is widely believed US does not really have the gold.

 

[UKBengali]

This is so funny!

 

[vostok]

While the U.S. Army in Germany is silly to expect that they will return the gold.

 

[xyxmt]

In that case that was german decission, That entire transport is high risk. It is done in small steps to secure its safety.

yes who will even bother to steal mere 50 tons of gold, not even worth trying